Bawumia wants Terkper to resign for flouting BoG law

Bawumia wants Terkper to resign for flouting BoG law

Vice presidential candidate for the NPP Dr Mahamudu Bawumia wants the Minister of Finance, Seth Terkper to resign from his position for breaching regulations of the Bank of Ghana.

Bawumia wants Terkper to resign for flouting BoG law

Finance Minister, Seth Terkper

According to the former governor of the BoG, the Finance Minister has supervised the diversion of $250 million of the total proceeds from the nation’s $ 1 billion Eurobond it issued in 2015 to a private account at the United Bank of Africa (UBA).

What the Minister has done violates the Bank of Ghana Act and I would ask humbly that this transaction be reversed, that  there should be a parliamentary enquiry into how this happened and the Minister should re-consider his position. His position is not tenable, if you are the one supposed to enforce the law and you are violating the laws and you are violating the laws he should resign,” Bawumia said in an interview on Accra-based Peace FM Tuesday morning.

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But Seth Terkper rejected the claims by Bawumia. In an interview on Citi FM the Finance Minister said he has not breached any law, hence could not resign.

We are a country of law, every minister of finance has legal advisors and I take every step after listening to my advisors. So I believe that I did not break any law and I don’t have any reason to resign,” Terkper opined.

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