According to John Kumah, the government won’t impose a Bank of Ghana recapitalization fee.

A levy on Bank of Ghana recapitalization has been reportedly planned by the government, however John Kumah, a deputy minister of finance, has denied this. He asserted that such a strategy is not imminent and urged Ghanaians to treat the reports with contempt. The Minister said in a social media post that the stories were nothing more than NDC (the opposing party) misinformation. "Ignore this amusing NDC propaganda concerning the Bank of Ghana's (BoG) demise. BoG is Strong! The NDC is hilarious! The Central Bank has not collapsed, so it is untrue that a recapitalization levy will be implemented for BoG, the man added. The bank's investments in marketable securities, fees and charges on all government payments, as well as income from non-marketable holdings of the bank, are its primary sources of income. Such propaganda and pointless attacks on the central bank, Kumah continued, simply raise market volatility, cause panic selling of assets, and have the potential to start off a series of events that could jeopardize our nation's overall economic stability. John Kumah The BoG posted losses totaling GHC60.81 billion for the 2022 fiscal year, prompting the Minority in Parliament, among others, to urge for the resignation of Governor Ernest Addison and his two deputies for what it called mismanagement. In the fiscal year 2021, a profit of GHC1.23 billion was reported. Other stories Court issues a preliminary injunction over the MUSIGA election By 2024, Ghana will have the greatest power penetration in all of Africa. On the NPP WhatsApp platform, audio of Hawa Koomson berating Kennedy Agyapong appears. Adongo described Ken Ofori-Atta’s mid-year budget assessment as a “funeral dirge.” Even if NPP chooses to run as Jesus Christ in the 2024 elections, Otumfuo Ahenenananomhene

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