A monetary knowledgeable is demanding solutions from the Financial institution of Ghana on the discrepancies between the 2021 Funds Assertion introduced by the Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, and the Central Financial institution of their figures.
Michael Nii Yarboi Annan stated in a letter dated Monday, August 30, 2021 and addressed to the BoG with the heading ‘Request for Clarification’ that the discrepancies between the funds assertion delivered on Friday, March 12 and the web site of BoG don’t tally and must be defined.
The letter, which was addressed to the Secretary of BoG and was obtained on September 2, 2021, on the BoG’s mailing workplace, states that “it’s the duty of each citizen to burden ourselves with the monetary stories from the establishment mandated as bankers of Authorities”.
Mr. Yarboi Annan famous that “equally, I belief that related duty have been positioned on the Financial institution of Ghana to make sure correct reporting to its shareholders (Ghanaians)”.
“Based mostly on the above, I write to hunt clarification on stories within the 2021 Funds Assertion and knowledge or report on the Financial institution of Ghana Web site.
“In appendix 8A, web page 243 of the 2021 Funds Assertion: Complete liquidity (M2+) 2018 stood at GH¢76,380M whereas on the BoG web site, the addition of Foreign money Outdoors the Banks, Demand Deposits, Financial savings and Time Deposits, and Overseas Foreign money Deposit of GH¢11,963M, GH¢22,854.10M, GH¢25,609.22M and GH¢16, 125.56M respectively provides as much as a complete of GH¢76,552.32M. The distinction thereof is GH¢172.32M”.
Mr. Yarboi Annan noticed that “in Could 2019, the Financial institution of Ghana issued a brand new upgraded notes of the 5, 10, 20 and 50 cedis notes and thereafter, from June 2019 to December 2019, its web site was not up to date with M2+ figures. Due to this fact, I search the next questions”.
- Is the distinction ascertained regular and justified?
- Was the distinction rectified if not correct or justified?
- Was the distinction because of the brand new notes issued in Could 2019?
- Was the distinction because of Banks that have been consolidated round-about the identical interval?
- Can we declare that if the opening stability of Broad Cash (M2+) is inaccurate, then the present balances are equally inaccurate?
- Did the Ministry of Finance submit inaccurate figures to parliament of Ghana?
The assertion additional demanded: “I will probably be glad if by the duty positioned on the Financial institution of Ghana, I will probably be furnished with the solutions to the above six (6) questions raised.”
Supply: 3news.com|Ghana
