Rockson-Nelson Dafeamekpor, a member of parliament of the National Democratic Congress (NDC) for South Dayi, has criticized the previous rector of the Ghana Institute of Management and Public Administration (GIMPA), Prof. Stephen Adei.

Dafeamekpor’s criticism is based on Prof. Adei’s most recent comments, regarding the decision of Minority MPs to protest outside the Bank of Ghana’s headquarters and call for the resignation of the Governor and deputies, due to an alleged financial loss.

According to a remark from Prof. Adei, the Bank of Ghana’s offices are designated as a security zone, and the request for the Governor of the central bank to quit, is not a simple thing.

Prof. Adei’s position was addressed in a tweet by Dafeamekpor, who drew attention to his apparent inconsistency by referencing the Flagstaff House events that took place during the previous Occupyghana campaign. He questioned whether there were protests taking place at the government building, despite it being a security zone.

Also, Rockson-Nelson Dafeamekpor expressed his displeasure with the Bank of Ghana’s justifications for financial irregularities and other issues, and claimed that the bank’s answer is insufficient.

Prof. Adei has received criticism from NDC MPs before and this was not the first time. The Minority Chief Whip, Kwame Governs Agbodza, likewise, vented on Twitter about how Prof. Adei continuously supported causes that exacerbated national problems, rather than proposing answers. Agbodza accused Prof. Adei of taking a biased and inconsistent stance on important national issues because of his contacts and political affiliations.

The Bank of Ghana’s explanation for errors in its annual report for 2022 has been criticized by the minority in Parliament as being inadequate. In a recent press conference, The Minority emphasized that the Bank of Ghana and the Ministry of Finance had broken pertinent laws. The Minority claimed that the BoGs justifications for its press release were distorted and did not address the important concerns they had expressed.

Moreover, the Minority Caucus Leader, Cassiel Ato-Forson, emphasized that the Bank of Ghana’s statement lacked comprehensive responses to fundamental questions, such as the excessive printing of money in violation of applicable laws and the choice to write off a sizable debt, owed by the government to the central bank. The Minority also questioned the Bank of Ghana’s decision to spend $250 million building an office facility.

Prof. Adei Steps Down From Ministry Of Finance Advisory Board

Prof. Stephen Adei has submitted his resignation from the Ministry of Finance’s advisory board.

Prof. Adei gave personal reasons for his choice, but he also underlined the significance of collaboration and coordination between the Bank of Ghana (BoG) and the Ministry of Finance in order to ensure a coordinated approach to economic policies.

Prof. Adei shared his memories of his time on the advisory board, which he had held unto for eight years throughout the National Democratic Congress’s (NDC) rule and some part of President Akufo-Addo’s administration. He cited one instance where the board had invited the BoG Governor at the time to a meeting. The board emphasized the necessity for alignment between the two institutions, while recognizing the independence of each, after the governor defended the central bank’s independence at the time.

The advisory board, which was established in accordance with the Civil Service Act, is crucial in promoting interaction between the Ministry of Finance and its stakeholders. Its goal is to provide knowledge about how policies are created and operational strategies, assisting in making well-informed decisions. Ken Ofori-Atta, the Minister of Finance, serves as the board’s Chairman. Its notable members have a range of professional backgrounds.