By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Fact Check GhanaFact Check GhanaFact Check Ghana
  • Home
  • Politics
  • Elections
  • Economy
  • Education
  • Monthly Round-ups
  • Resources
    • Blog
    • Videos
    • Politics
      • 16 Regions in Ghana
      • Regional Ministers
Font ResizerAa
FourthEstate FourthEstate
  • Home
  • Politics
  • Elections
  • Economy
Search
  • Home
  • Politics
  • Elections
  • Economy
  • Education
  • Monthly Round-ups
Follow US
  • Videos
  • Regions in Ghana
  • Regional Ministers
© 2024 Fact-Check Ghana
Economy

True, NDC has pledged to prosecute BoG Governor over economic mismanagement

Ghana Fact-checking Coalition
December 8, 2024
SHARE

Claim: NDC has communicated its intent to prosecute the current Bank of Ghana Governor for illegal actions and economic mismanagement. They have also pledged an overhaul of BoG and intend to reinstate the revoked licenses of some banks.

Verdict: True

Explanation: The National Communications Officer of the party, Sammy Gyamfi, in an interview on Onua TV on August 9, 2023 said that the Governor of the Central bank, Ernest Addison, and members of the Bank’s board will face prosecution for decisions which led to the bank incurring a GHC 60bn loss. 

“Ernest Addison is jail bound. He is destined for jail. There is no way Addison will not be prosecuted, there is no way,”  he declared in the interview (between minutes 0:00 – 4:40).

In the 2024 NDC Manifesto (page 23 and 24), the party said it was going to “restore the licenses of wrongfully collapsed financial institutions” as well as “restructure the Bank of Ghana to strengthen its independence and operational efficiency to deliver its price and financial stability mandate.”

No evidence Mahama got over 5 million votes and Bawumia over 3 million votes
Do the Bretton Woods institutions support African countries with anti-gay laws?
Inside the Hashtag Cold Wars: How coordinated networks on X are driving disinformation in Ghana’s 2024 elections
Edudzi Tamakloe rehashes false claim on Bawumia’s imposition of over 40 new taxes
Economic Growth: Ghana’s GDP Growth Rate Under Mahama and Akufo-Addo. Here are the Facts
TAGGED:Bank of GhanaBawumiaBoG Governor
Share This Article
Facebook Copy Link Print

Latest News

Who owns Lightwave E-Health Solutions? Here’s what we know
Featured
Afenyo-Markin repeats false claim that NPP MPs lost all seats in mining areas because of galamsey fight
Featured
False! Ghana cedi NOT world’s worst-performing currency
Featured News
Fact-check: Sir-Obama Pokuase’s viral gun photo is not linked to Ghana
Featured
Fact Check Ghana

Fact-Check Ghana is a fact-checking project of the Media Foundation for West Africa (MFWA).

Useful Links

  • About Us
  • The Team
  • Funders
  • Contact
  • Our Methodology
  • Ethics Policy
  • Corrections Policy
2025 Fact-Check Ghana | A project of the Media Foundation for West Africa
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?