Former NDC parliamentary aspirant for Bortianor Ngleshie Amanfro, Alexander Ackuaku, has defended the role of the Bank of Ghana (BoG), stating that the central bank continues to stabilise the economy despite prevailing financial pressures.
Speaking at Kessben Maakye show in a discussion on the operations of the Bank of Ghana, Ackuaku пoted that the primary mandate of the central bank is to regulate and maintain the value of the Ghana cedi. According to him, the BoG has demonstrated resilience in executing this responsibility, regardless of the country’s debt levels and monetary challenges.
He argued that the central bank’s interventions have contributed significantly to economic stability, insisting that its performance should be assessed within the broader context of global and domestic economic constraints.
Ackuaku also took a swipe at the opposition New Patriotic Party (NPP), claiming that previous attempts by the party to achieve similar economic stability did not yield the desired results. He referenced policies such as the Domestic Debt Exchange Programme (DDEP) and the gold-for-oil initiative, suggesting that these measures failed to deliver sustainable stability.
He further noted that practical economic management differs greatly from theoretical knowledge, stressing that “economics in the classroom is different from what happens in the real field.”
His comments come amid ongoing public debate over the performance of the Bank of Ghana and the broader direction of the country’s economic management.
