BoG Governor is a masterclass in monetary mismanagement – Prof. Hanke

Professor of Applied Economics at Johns Hopkins University, Steve Hanke, has criticized Bank of Ghana (BoG) Governor Ernest Addison, describing his him as a "masterclass in monetary mismanagement."

Professor Hanke's comments came in the context of the #OccupyBoG protest organized by a minority of parliament members, who are demanding the resignation of the governor and his deputies in addition to the reversal of a controversial Bank of Ghana building project.

In a series of tweets, Professor Hanke expressed his support for the #OccupyBoG protest, which saw thousands of Ghanaians take to the streets of Accra to demand the resignation of Ernest Addison and his deputies.

His tweet read, "#OccupyBoG: Today, thousands of Ghanaians took to the streets of Accra to demand the resignation of Ernest Addison, Ghana's central bank governor. GOV. ADDISON = A MASTERCLASS IN MONETARY MISMANAGEMENT."

Ghana's economy has been a topical issue in recent months following a downturn occasioned by galloping inflation, depreciating currency and general decline in the quality of life coupled with high cost of living.

The government has serially blamed the aftermath of COVID-19 and the Russia-Ukraine war before submitting to a US$3 billion IMF loan last year, if which US$600 million as tranche one has been credited to government account.

"The Governor is a COWARD" exclaimed a Ghanaian protester at the #OccupyBoG march in Accra today. Protesters are demanding the resignation of BoG Governor Ernest Addison.

GOV. ERNEST ADDISON

= MASTERCLASS IN MONETARY MISMANAGEMENT.pic.twitter.com/oI9XvzfnAg

— Steve Hanke (@steve_hanke) October 3, 2023

#OccupyBoG: Today, thousands of Ghanaians took to the streets of Accra to demand the resignation of Ernest Addison, Ghana's central bank governor.

GOV. ADDISON
= A MASTERCLASS IN MONETARY MISMANAGEMENT.pic.twitter.com/XEkcrgWFGU

— Steve Hanke (@steve_hanke) October 3, 2023