Prosecute BoG for ‘causing unlawful damage to our monetary properties’ – a lawyer petitions Attorney General
A legal practitioner, Joe Baiden is calling on the Attorney General to cause a prosecution at the Bank of Ghana over its management of the cedi which continues to lose value against the dollar.
In his appeal to the Attorney General, he said, “the Bank of Ghana has compromised the Ghana Cedi. It is out of line and must be brought back in line, as our laws demand”.
“We hope that you explore the said probable cause to initiate prosecution against those behind the BoG cooperate veil for the unlawful damage they have caused to our cedis earned, gifted, invested and saved,” his petition noted.
Dr Baiden during an interview with Citi Fm said the BoG was guilty of “causing unlawful damage to our monetary properties”.
He said, “a lot of suffering on the land” prompted his petition.
Dr Baiden also feels the BoG has not justified its independence and deserves more scrutiny.
“The doctor of every economy is the central bank and here the mandate is clear; give the people a stable currency,” the lawyer said.
The Ghana cedi depreciated by 15.8 per cent against the US dollar as of May 2022, compared to an appreciation of 0.5 per cent in the same period of 2021.
He noted that the Attorney General and the BoG have not responded to his petition.
