{"id":44128,"date":"2022-07-26T15:40:50","date_gmt":"2022-07-26T15:40:50","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=44128"},"modified":"2022-07-26T15:40:57","modified_gmt":"2022-07-26T15:40:57","slug":"government-has-printed-gh%c2%a222b-worth-of-new-cedis-without-parliamentary-approval-ato-forson-alleges","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=44128","title":{"rendered":"Government Has Printed GH\u00a222b Worth Of New Cedis Without Parliamentary Approval \u2013 Ato Forson Alleges"},"content":{"rendered":"\n<p>Dr.&nbsp;Cassiel Ato Forson, a former deputy Finance Minister, has alleged that government through the&nbsp;Bank of Ghana&nbsp;(BoG) has printed an amount of GH\u00a222 billion in new currency notes without Parliamentary approval.<\/p>\n\n\n\n<p>According to him, the new notes were printed between January and June 2022 on the orders of the government acting through Finance Minister,&nbsp;Ken Ofori-Atta.<\/p>\n\n\n\n<p>Dr. Forson said this important information is hidden on page 97 of Appendix 2a of the Mid-year budget under the section on&nbsp;Bank of Ghana.<\/p>\n\n\n\n<p>\u201cThey have printed GH\u00a222 billion fresh money without the knowledge of Parliament and without informing all of us,\u201d he said while addressing the press on Monday.<\/p>\n\n\n\n<p>He stressed that the act is illegal and against the&nbsp;Bank of Ghana&nbsp;Act.<\/p>\n\n\n\n<p>Linking the rise of Ghana\u2019s inflation to the GH\u00a222 billion printed, the Ranking Member on the Finance Committee of Parliament noted that, \u201cif this trend continues I won\u2019t be surprised that we will end the year with inflation of about 50 per cent.<\/p>\n\n\n\n<p>\u201cI am saddened, no wonder inflation is galloping, no wonder that our reserves position is dwindling. Because when you create new money out of the thin air, what happens is that inflation will go up and obviously because it is new money, you will end up losing your reserves because there would be new consumption.<\/p>\n\n\n\n<p>\u201cI want to urge the Governor of the central bank that he has engaged in gross illegality and in future if he is asked to print money, he should first come to Parliament before he acts,\u201d Dr.&nbsp;Cassiel Ato Forson&nbsp;stressed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><\/strong><\/h3>\n\n\n\n<p>Source: ghanaweb.com<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr.&nbsp;Cassiel Ato Forson, a former deputy Finance Minister, has alleged that government through the&nbsp;Bank of Ghana&nbsp;(BoG) has printed an amount of GH\u00a222 billion in new currency notes without Parliamentary approval. According to him, the new notes were printed between January and June 2022 on the orders of the government acting through Finance Minister,&nbsp;Ken Ofori-Atta. Dr. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":44130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[40],"tags":[3074,1237,3075],"class_list":["post-44128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-ato-forson","tag-cedis","tag-dr-cassiel-ato-forson"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government Has Printed GH\u00a222b Worth Of New Cedis Without Parliamentary Approval \u2013 Ato Forson Alleges - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=44128\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Has Printed GH\u00a222b Worth Of New Cedis Without Parliamentary Approval \u2013 Ato Forson Alleges - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Dr.&nbsp;Cassiel Ato Forson, a former deputy Finance Minister, has alleged that government through the&nbsp;Bank of Ghana&nbsp;(BoG) has printed an amount of GH\u00a222 billion in new currency notes without Parliamentary approval. 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