Connect with us

Hi, what are you looking for?


Govt printing GHS22bn of new money without parliament’s approval – Minority (Video)

Ken ofori

Govt printing GHS22bn of new money without parliament’s approval – Minority (Video)


Minority Caucus of Ghana’s Parliament has raised alarm over government’s illegal resort to Bank of Ghana (BoG) to print more money into the system at the blindside of parliament.

According to the minority, between January 2022 to June 2022 the BoG has printed a whopping amount of GHS 22 billion on the orders of the government acting through Finance Minister, Ken Ofori-Atta.

The Minority Spokesperson on Finance, Dr. Cassiel Ato Forson raised this alarm at a press conference after the Finance Minister, Ken Ofori-Atta had delivered the Mid–Year Budget Review to Parliament on Monday, 25 July 2022.

He said this information was hidden in the appendix of the budget statement the sector Minister presented to the Parliament on Monday, July 25, 2022.

He noted that no wonder inflation is galloping and Ghana’s reserve dwindling under the watch of the managers of the economy.

Dr. Forson was of the view that this was gross illegality committed by the Governor of the Bank of Ghana (BoG), Dr Ernest Addison.

He said the records indicate that the government has encouraged the BoG to print an amount of GHS 48 million and GHS22 billion respectively through the backdoor.

He wondered why the BoG is allowing monetary financing when the immediate past National Democratic Congress’ government discouraged the practice under former President John Dramani Mahama.

Ken ofori

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like


Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...


At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.


Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...


Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: