The Governor of the Bank of Ghana, Dr. Johnson Asiama, is set to address Parliament on Wednesday, March 26, regarding the collapse of several banks and financial institutions from 2013 to 2024. This eagerly anticipated session aims to shed light on the circumstances that led to the financial sector crisis, which has been a major topic of national concern.
However, the decision to summon the Governor has sparked debate among Members of Parliament (MPs). First Deputy Minority Whip, Habib Iddrisu, has raised concerns about the appropriateness of the Governor addressing the matter, especially as some of the affected banks are embroiled in ongoing legal battles. He called on the Majority leadership to clarify which banks will be discussed to avoid any risk of contempt of court.
In response, Majority Chief Whip, Rockson Nelson Dafeamekpor, urged MPs to prioritize the national interest over partisan politics. He emphasized that addressing the collapse of financial institutions is a critical issue that transcends political affiliations.
Adding to the discussion, the First Deputy Majority Leader, Kweku Ricketts-Hagan, revealed that the matter had been previously discussed with Minority Leader Alexander Afenyo-Markin. He advised Habib Iddrisu to consult his leadership for further clarity.
Meanwhile, Parliament is expected to adjourn indefinitely (sine die) on Friday, March 28. To ensure the House concludes its business for the first session, the Deputy Majority Leader, Ricketts-Hagan, announced extended sittings for the week beginning Monday, March 24. From Monday to Wednesday, sittings will commence at 12 noon to allow committees to meet in the mornings. On Thursday and Friday, however, sittings will begin at 10 a.m.
Highlighting the urgency of the House’s workload, Ricketts-Hagan urged committee chairpersons to expedite their review of the Annual Budget estimates and present their reports promptly to facilitate the passage of the 2025 Appropriation Bill. He reminded MPs of their responsibility to ensure the House achieves its goals before adjournment.
“The Business Committee proposes extended sittings to afford the House ample time to exhaust the business for the week,” Ricketts-Hagan said. “I urge all members to devote themselves to the scheduled business to ensure a successful conclusion to the first meeting of the first session.”
All eyes will now be on the Governor’s address on March 26, as the nation anticipates answers to one of the most significant financial challenges in recent history.
Story by: Mercy Addai Turkson #ahotoronline.com
