In a scathing critique, former President John Dramani Mahama has taken a swipe at the Governor of the Bank of Ghana, Dr. Ernest Kwamina Yedu Addison, suggesting that he may not deserve a contract extension due to the mismanagement and significant financial losses incurred under his watch.
During a media engagement event dubbed ‘Mahama Conversations,’ Mahama highlighted concerns over the Governor’s handling of the central bank, pointing to a reported 60-billion-cedi loss, alleged unauthorized money printing, and the construction of a lavish $250 million headquarters during a pandemic.
Mahama questioned the wisdom of allowing Dr. Addison to continue in office, particularly if a new government were to take over after the upcoming elections. Drawing attention to the Governor’s decisions that have led to economic turmoil, including soaring inflation rates, Mahama cast doubt on the merits of extending Dr. Addison’s contract.
Citing past practices of allowing BoG governors to serve across political transitions, Mahama emphasized that performance should be the determining factor in contract renewals.
He suggested that Dr. Addison’s track record of financial mismanagement and questionable decision-making should disqualify him from seeking an extension.
With elections looming and the prospect of a change in leadership on the horizon, Mahama’s comments have raised the stakes for the future of the Bank of Ghana and the tenure of its embattled Governor.