The Bank of Ghana has issued a response to allegations made by North Tongu Member of Parliament, Samuel Okudzeto Ablakwa, regarding a recent $20 million transfer that he claimed lacked consistent documentation.
In a statement released on Wednesday, August 28, 2024, the central bank addressed the concerns without specifically naming Ablakwa, suggesting that his actions could potentially compromise national security.
The Bank of Ghana clarified that the $20 million in question was not a transfer intended for itself but was designated for the Central Bank of Liberia, contrary to Ablakwa’s claims.
The bank further elaborated that it has maintained a long-standing arrangement with the Central Bank of Liberia since 2004.
This arrangement involves the Bank of Ghana receiving imported currency on behalf of the Liberian central bank, which is then re-exported to Monrovia.
The bank emphasized that the uncirculated banknotes mentioned in the controversy were part of this established and legitimate transaction.
Despite this clarification, Samuel Okudzeto Ablakwa has stood by his concerns, arguing that his inquiries were based on the information available to him and that he was raising a legitimate question about transparency and accountability.
Ablakwa stressed that ensuring clarity in financial transactions is critical to maintaining public trust and that his intentions were not to compromise national security but to uphold principles of good governance.
The Bank of Ghana has reiterated its commitment to adhering to international banking standards and maintaining transparency in all its operations.
It urged the public to be cautious about unverified claims that could undermine public confidence in the banking system and national security.
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Story by: Osei Akoto (Teacher Kojo) #Ahotoronline.com
