$20m Transfer Saga: It's unfortunate an MP would do this - Bank of Ghana slams Ablakwa
Published:
2 months ago
Source:
GhanaWeb
The has reacted to 's concerns about the transfer of $20 million to it without what he described as consistent documentation. In a statement sighted by , the central bank, without naming anyone, criticised the legislator for alleging that the $20 million was transferred to its account contrary to its claims that the money was for the Central Bank of Liberia. It added that the MP's decision to share documents on the currency transfer was unfortunate because it raises serious security issues. The bank explained that the $20 million was indeed for the Central Bank of Liberia and was only transferred to it for onward transport to Liberia because of an existing arrangement between the central banks of the two countries.
"For the avoidance of doubt, the has had a long-standing currency transfer arrangement with the Central Bank of Liberia since 2004, and per this agreement, the receives imported currency on behalf of the Central Bank of Liberia for re-export to Monrovia. The said Uncirculated Banknotes mentioned in the social media discussions on August 27 are part of this long-standing arrangement.