The member of Parliament for the Bolgatanga Central Constituency, Hon. Isaac Adongo has made some damning allegations against the Bank of Ghana and the Government of Ghana.
Speaking in an interview on Joy News, the renowned economists and lawmaker alleged that the Bank of Ghana under the leadership of Dr. Addison has lent to the Government in excess of ¢70 billion.
Hon. Isaac Adongo further alleged that the over ¢70billion lent to Government by the Bank of Ghana is being used to pay off Government’s domestic bond obligation.
He further explained that such unjustifiable amount given to Government by the bank of Ghana is to be blamed for the rate at which the Cedi is depreciation against the dollar.
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SOURCE: Keeoko.com
