Bank of Ghana Secretly printing monies to buy gold

Dr Ato Forson is Minority Leader
Minority leader Dr Cassiel Ato Forson has raised serious concerns about the government’s gold for oil deal which seeks to reduce the prices of petroleum products in the country.

Speaking to Prince Minkah on Dwaboase programme on TV XYZ, the former Deputy Minister for Finance alleged that the Bank of Ghana is secretly printing cedis to give to the Precious Minerals Marketing Company (PMMC) to purchase gold for the government.

“Where is the BoG getting money to purchase to give to PMMC to purchase the gold? ” Dr Forson asked while pointing to the illegality that is surrounding the policy.

“The Bank of Ghana has secretly printed 50 billion cedis this year without a Parliamentary approval. He did that with Finance Minister Ken Ofori-Atta and we don’t know where the money has gone,” he said.

He explained that the secret printing of cedis begun in 2020.

“From 2020 till now, the Bank of Ghana has printed 90 billion cedis. 40 billion 2as printed between 2020 and 2022. This year alone, they have printed 50 billion cedis,” Forson disclosed.

Dr Forson who is also the MP for Ejumako-Enyan-Essiam Constituency also indicated that the Minority will hold the Governor of the Central Bank accountable for the illegality.