BoG takes on Ablakwa over $20m transfer claims, describes his actions as ‘unfortunate’
Published:
2 months ago
Source:
MyJoyOnline
The Bank of Ghana has responded to concerns raised by Samuel Okudzeto Ablakwa regarding a $20 million transfer, which the Member of Parliament claimed lacked consistent documentation.
In a statement issued on Wednesday, August 28, the central bank criticised the legislator for his allegations, noting that the funds were intended for the Central Bank of Liberia, as previously stated. Without directly naming Mr Ablakwa, the Bank of Ghana expressed disappointment over the MP's decision to share documents related to the currency transfer publicly. The central bank highlighted that this action was "unfortunate" and raised significant security concerns, potentially compromising sensitive financial information. The central bank clarified that the $20 million was transferred to its account as part of an established arrangement with the Central Bank of Liberia.
The funds were to be forwarded to Liberia in accordance with the agreement between the two central banks, which has been in place to facilitate such transactions. In addressing the controversy, the Bank of Ghana emphasized that all procedures were followed correctly, and the transfer was carried out in line with standard protocols.
The central bank reassured the public that there was no impropriety involved in the transaction, contrary to the allegations made by the MP.