BoG Boss must resign over $250 million new head office; it can build 3750 schools or 3500 CHPS Compounds — Amadu Sorogho

Alhaji Amadu Bukari Sorogho, a former Member of Parliament (MP) for Madina has demanded the Governor of the Bank of Ghana (BoG) and his appointees to resign for “mismanaging” the central bank.

Alhaji Amadu Bukari Sorogho accused the central bank’s leadership of “unleashing economic hardship and financial distress on the suffering people of Ghana”.

He claimed that even former governors who continuously made profit did not see the necessity for a new headquarters and instead moved some of the bank’s functions to the Cedi House and the Spintex Road facilities.

According to Amadu Sorogho, the cost of the new head office may be used to build at least 3,750 new classroom buildings with six units each to provide access to education or at least 3,500 CHPS compounds to increase healthcare delivery especially in deprived areas.

He describes the Central Bank’s decision to build its new headquarters as “profligacy."

Alhaji Amadu Bukari Sorogho told Kwaku Owusu Adjei on Adwenekasa on Accra-based Original FM91.9 that “It is obvious that the extremely expensive new BOG headquarters structure is not a top priority.

“This profligacy at a time when the Bank of Ghana must be concerned about its immediate recapitalization can have absolutely no justification whatsoever.”