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The Bank of Ghana has assured key stakeholders and the general public as a whole that the highest standards of prudent management, governance and transparent accounting and audit practices have been committed to.
It said as a non-commercial bank, its financial outcomes have little implication on its operations.
“Technically, Central Banks cannot be insolvent or bankrupt,” it stressed in a statement issued on Wednesday, August 9.
This clarification comes barely 24 hours after the leading opposition National Democratic Congress (NDC) issued a 21-day ultimatum to the Governor, Dr Ernest Yedu Addison, and his two deputies – Dr Maxwell Opoku-Afari and Elsie Addo Awadzi – to resign.
More soon. . .
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