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"We can’t keep quiet and allow the architects of the crass incompetence to remain at post" - Agbodza


The Minority Chief Whip Kwame Agbodza has told renowned economist and former Rector of the Ghana Institue of Management and Public Administration (GIMPA) Professor Stephen Adei that the Minority would not sit down and allow incompetent people to destroy the economy.

This comes after Prof Adei said the Minority did not know what they were talking about when they called for the resignation of the Governor of the Bank of Ghana (BG) Dr Ernest Addison for the GHS60.8 billion loss the central bank witnessed in 2022.

Prof Adei had said “First of all, they don’t know what they are talking about,” Adei said. “If the BoG governor and the deputies resign today, the impact on us will be gargantuan.”

“Do you know the impact on the depreciation of the currency and the total external confidence on our system? There are certain things you can say only in opposition. But this is irresponsible opposition…,”

Prof. Adei also added that causing the total destruction of an economy that is already in shambles is one reason the country’s development has issues.

“You can’t say I will sink the ship and take its pranks to build my house. Ghanaians think that anything you will do to bring the government down is acceptable, this is one of the greatest menaces to our development,” Adei said.

In a statement eractin to this, Mr Kwame gubda who is also lawmaker for Adaklu said that “Prof. Adei strangely believes that the resignation of the BoG Governor and his team that has caused this bankruptcy and contributed largely to the untold hardships Ghanaians are experiencing, will bring a “gargantuan problem” to our currency and lower confidence in our economy"


"For his information, the worse has already happened no thanks to the clueless mis-managers at the Bank of Ghana, led by Governor Addison who have aided and abeted the destruction of the Ghanaian economy by this Akufo-Addo/Bawumia NPP government."

“What Prof. Adei fails to address his mind to is the fact that we are already in a gargantuan mess, and the most reckless and irresponsible thing to do is to keep quiet and allow the architects of this crass incompetence and mismanagement to remain at post. This will be the greatest disservice to our nation!"

“The likes of Prof. Adei are not interested in saving the collapse of the country, but are more interested in saving their political party. That is most unfortunate and self-serving.”

Below is Agbodza’s full statement… RE: BoG LOSSES – YOU ARE A RECKLESS AND IRRESPONSIBLE OPPOSITION – PROF. ADEI TO NDC

It is rather sad that people like Prof. Stephen Adei have constantly chosen to be part of the problems of our nation and not the solution. Time and again, Prof. Adei has demonstrated through his hypocritical and lopsided positions and commentary on critical national issues, that all he cares about is his political affiliation and loyalty to his friends in government.

A short trip down memory lane proves that Prof. Adei is always on the wrong side of history. Not long ago, this same Prof. Adei addressed teachers as criminals:

This same Prof. Adei is on record to have also lauded Ken Ofori-Atta’s so-called integrity, despite overwhelming evidence of conflict of interest on the part of the Minister and reckless mishandling of Ghana’s economy:

While Prof. Adei agrees entirely with the NDC Minority on our position that it is utterly reckless, unjustified and nation-wrecking for the Bank of Ghana to commit as much as $250 million into an unconscionable new Head Office building at a time the Bank has recorded huge losses amidst all our economic challenges, the good-old Professor shockingly posits that it is “reckless and irresponsible” for the Minority to demand the immediate resignation of the people who have so crassly mismanaged and run down our Central Bank, the economy and the livelihoods of Ghanaians.

Prof. Adei strangely believes that the resignation of the BoG Governor and his team that has caused this bankruptcy and contributed largely to the untold hardships Ghanaians are experiencing, will bring a “gargantuan problem” to our currency and lower confidence in our economy.


For his information, the worse has already happened no thanks to the clueless mis-managers at the Bank of Ghana, led by Governor Addison who have aided and abeted the destruction of the Ghanaian economy by this Akufo-Addo/Bawumia NPP government.

What Prof. Adei fails to address his mind to is the fact that we are already in a gargantuan mess, and the most reckless and irresponsible thing to do is to keep quiet and allow the architects of this crass incompetence and mismanagement to remain at post. This will be the greatest disservice to our nation!

The likes of Prof. Adei are not interested in saving the collapse of the country, but are more interested in saving their political party. That is most unfortunate and self-serving.


Credit: 3news.com

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