The Minority in Parliament has raised concerns over what it describes as increasing political interference in the affairs of the Bank of Ghana, warning that such developments could undermine the institution’s independence and public credibility.
The concerns follow a press conference held within the precincts of Parliament by members of the National Democratic Congress (NDC), which reportedly included participation from individuals who are not Members of Parliament, to discuss the Bank’s audited financial statements.
According to the Minority caucus, the incident raises broader questions about the role of partisan actors in matters relating to central bank operations. It cautioned that allowing political influence to shape the functioning of the Bank could create long-term institutional risks and erode confidence in Ghana’s financial governance framework.
Speaking to the media on Sunday, May 3, Kojo Oppong Nkrumah, Member of Parliament for Ofoase-Ayirebi, described the situation as inappropriate and warned that it could set a troubling precedent.
“The Governor, the Board and the government should take note that this politicisation of the central bank will create issues for the operational independence and credibility of the bank going forward. This must stop,” he stated.
He further cautioned that permitting political parties to influence how the Bank complies with legal and regulatory requirements could weaken its autonomy.
“The bank is not a political party,” he added, urging authorities to safeguard the institution’s independence.
