Reserves in entire NPP leaders houses far outweighs that of Bank of Ghana – Yaw Ansah

The former Communication Officer and the current Constituency Secretary for Tano North, Mr Yaw Ansah Faisal, has expressed shocked over the recent revelations regarding the huge stash of monies at the private residence of Cecilia Abena Dapaah, the immediate past Minister for Sanitation and Water Resources.

Cecilia Abena Dapaah has been in the news as a result of a case report she has filed together in court against her two former house helps on theft.

Reacting to this developing story which has become public concern, the Tano North Constituency Secretary for the opposition National Democratic Congress alleged that the reserves found at the former Sanitation Minister’s private residence could outweigh that of the Bank of Ghana. Mr Yaw Ansah made this comment based on news reports in the media suggesting that the Office of the Special Prosecutor, after a thorough search at her residence, found a huge sums of monies. According to a local base TV3 report, it took close to five hours for the Office of the Special Prosecutor to count the amount of monies stashed at her residence.

The Constituency Secretary, who is not enthused about how this case has been handled by the government, called on the President in his statement, to swiftly take up the needed steps to address this issue.

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THE ENTIRE NPP LEADERS HOUSE DOLLAR FAR OUTWEIGHS THE BANK OF GHANA’S RESERVE.

The recent discovery of a substantial amount of dollars in the house of a former Sanitation Minister has sent shockwaves through Ghana’s political landscape. However, this revelation may only be the tip of the iceberg, as reports suggest that the money held by other members of the ruling government far surpasses the reserves of the Bank of Ghana. Such revelations raise concerns about the state of the nation’s economy and the potential implications for the average Ghanaian citizen.

The surge in the value of the dollar against the Ghanaian cedi has left many citizens struggling to make ends meet. The exchange rate, which stood at ¢4 during Mahama’s time, has now escalated to ¢12. This alarming depreciation further exacerbates the hardships faced by Ghanaians and points to deeper underlying issues within the country’s economic framework.

It is regrettable to note that,the International Monetary Fund (IMF) money, meant to support Ghana’s economic growth and stability, has reportedly been misused. Instead of being directed towards developmental projects and welfare initiatives, there are claims that a portion of these funds has been diverted for political gains. Allegations suggest that the money has been utilized for general elections, November Primaries, and by-elections, raising concerns about the fair and equitable use of public resources.

Moreover, critics argue that political appointments have become a means to enrich party loyalists, with jobs being allocated to “the boys” to consolidate the ruling party’s influence. This strategy not only raises doubts about meritocracy but also fuels a perception of politicians using their positions for personal gain rather than the greater good of the nation.

Subsequently, the forced promotion of Bawumia by Nana Addo to serve as a cover-up raises questions about the transparency and accountability of the government. Some argue that this move is an attempt to divert attention from the alleged corrupt practices and financial improprieties within the ruling party.

Also, the revelation of a significant amount of dollars in the house of a former minister raises serious concerns about the financial practices within the ruling government. If the claims that the money held by other members surpasses the Bank of Ghana’s reserves are true, it indicates a deeply unsettling trend of financial mismanagement and corruption.

As Ghanaians, it is essential to be vigilant and hold our leaders accountable for their actions. Transparency, accountability, and ethical governance should be the cornerstones of our political system. The impact of such financial improprieties goes beyond the corridors of power; it affects the lives of ordinary citizens who bear the brunt of economic hardship.

It is time for the government to take concrete steps towards addressing these issues and ensuring that public funds are used judiciously for the benefit of all Ghanaians. Only through responsible leadership and genuine commitment to the welfare of the people of Ghana overcome its economic challenges and forge a brighter future for all.

Yaw Ansah Faisal
Constituency Secretary,
Tano North NDC.