The Dormaahene, Osagyefo Oseadeeyo Agyeman Badu II, has taken a swipe against the Bank of Ghana’s new head office project, which has been estimated at a cost of US$250 million by the minority caucus in parliament.
According to the chief, who also serves as a High Court judge, this is not the right time for the central bank to embark on such an expensive project, considering the fiscal problems the country is facing.
In a news report by TV3, sighted by 1Family Radio, the Dormaahene questioned the rationale behind the bank’s decision to use a 12th of the quantum of the funds secured from the International Monetary Fund (IMF).
“We heard suddenly that the Bank of Ghana is using as much as a 12th of the quantum of loan we are getting from the IMF to build a house.’’
“What is this? So, is it a case of them doing whatever they so please, my chiefs? I don’t understand this,’’ he said.
“Are they acting like this because of their autonomy? How can the Bank of Ghana unilaterally undertake such a project? He asked.
“We appeal to the president to call the Bank of Ghana and to discuss the issue with them. We expect something good to come of it because the bank is not entirely independent,’’ he added.