General News of Thursday, 28 November 2019Source: theheraldghana.comBank of Ghana Governor accused of cooking figuresGovernor of Bank of Ghana, Dr. Ernest AddisonThe opposition National Democratic Congress (NDC) Member of Parliament (MP) for Bolgatanga Central, has described the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, as a very deceitful person, accusing him of “cooking data” just to make the government of President Akufo-Addo, look good. The governor that does not have the slightest shame in cooking data”. “And what is worse is that the Bank of Ghana itself is cooking data in order to show this same kind of lies that Ken Ofori Atta is telling and I want to show you”, he said. “You see, in 2018 January to June, the Central bank reported the capital adequacy situation of our banks after recapitalization and when they reported the capital adequacy situation, our banks started 1 January 2019 with capital adequacy 17.4 percent and that is by using the Stringent Rule of Basel II and III. Only 67 million of that money was accessed to the Ministry, to do 1 District 1 factory.

Source: GhanaWeb November 28, 2019 17:03 UTC