Senior economist, Dr. John Kwakye and MP for Tano North, Dr. Gideon Boako
Renowned economist Dr. John Kwakye has strongly opposed concerns raised by the Minority in Parliament regarding the nomination of Dr. Johnson Asiama as Governor of the Bank of Ghana (BoG).
During a press conference on February 5, 2025, the Minority caucus, led by Member of Parliament for Tano North Dr. Gideon Boako, hinted at plans to petition the International Monetary Fund (IMF) over Dr. Asiama’s appointment.
They cited concerns about the legality of his nomination and questioned his integrity.
Reacting to this, Dr. Kwakye in a series of posts shared on X, criticized the move, emphasising that while the IMF may have jurisdiction over Ghana’s External Credit Facility (ECF), it has no authority over the appointment of the Central Bank Governor.
He specifically questioned Dr. Gideon Boako’s rationale for seeking IMF intervention, describing it as naive and immature.
“Why should the IMF be brought into this matter? Can’t we resolve our issues internally? Even if it’s a legal issue, don’t we have our own legal structures to address it?” Dr. Kwakye wrote.
He continued, “Dr. Boako’s stated intention to petition the IMF on a purely internal matter shows his naivety and immaturity. Has he exhausted all internal structures and processes? And, by the way, when did the IMF become our schoolmaster?”
The IEA Director of Research further stated, “Those who believe we should involve the IMF in resolving our internal matters suffer from a colonial mentality, to say the least. The IMF may have jurisdiction over our ECF program, but it certainly has no role in the appointment of our Central Bank Governor.”
Dr. Asiama was nominated by President John Dramani Mahama on January 31, 2025 to replace Dr. Ernest Addison, who has proceeded on terminal leave ahead of his retirement in March 2025.
His appointment is currently pending consultation and approval by the Council of State.
Read Dr. John Kwakye’s tweets below:
https://t.co/RkaN4p3tif . Why should the IMF be brought into this matter? Can’t we deal with our issues internally ourselves? Even if it’s a legal issue, don’t we have our our internal legal structures to address it?
— J. K. Kwakye (@JohnKwabenaKwa1) February 5, 2025
https://t.co/RkaN4p3tif. Dr Buako’s stated intention to petition the IMF in a purely internal matter shows his naivety and immaturity. Has he exhausted all internal structures and processes? And, by the way, when did the IMF become our school master?
— J. K. Kwakye (@JohnKwabenaKwa1) February 5, 2025
https://t.co/RkaN4p2VsH. Those who think we should bring the IMF in to resolve our internal matters suffer from colonial mentality, to say the least. The IMF may have jurisdiction over our ECF program, but certainly not over the appointment of our central bank governor.
— J. K. Kwakye (@JohnKwabenaKwa1) February 5, 2025
MA
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel