Ghana’s central bank governor, Ernest Addison, is under increasing pressure to resign as the country grapples with economic distress marked by inflation, a depreciating currency, and a soaring cost of living. The wave of criticism has been led by figures such as Joshua Akamba, former National Organizer of the opposition National Democratic Congress, and Steve Hanke, a professor at Johns Hopkins University, who have targeted Addison for what they term “monetary mismanagement.”
On Wednesday, Akamba spearheaded protests in Ghana demanding the Bank of Ghana (BoG) governor’s resignation. He attributed the country’s economic woes, leading to joblessness and homelessness, to the leadership of President Addo and Dr. Bawumia. Akamba went further to label their government a misadventure and called for their resignation. Amid these calls, he asserted that the governor’s resignation would demonstrate President Addo’s love for Ghana.
Simultaneously on Wednesday, Steve Hanke echoed these sentiments, criticizing Addison for his role in Ghana’s faltering economy. Hanke voiced his support for the #OccupyBoG protest, which is being driven by some parliament members and many Ghanaians. The protest not only calls for Addison’s resignation but also demands halting a disputed BoG building project.
This public outcry comes amid accusations of negligence and corruption shielding directed at an unresponsive government. As the economic distress continues to unfold in Ghana, it remains to be seen how the government and central bank will respond to these growing demands for change.
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