#OccupyBoG demo gains momentum: LINSOD serves notice to join on Oct. 3

Lawyers in Search of Democracy (LINSOD) have hereby declared our full support for the organizers of the procession to occupy the Bank of Ghana on October 3^th, 2023.

Importantly, all our members are Ghanaian lawyers, who are familiar with the reckless management of the affairs of the Bank of Ghana by the Governor of the Bank, his Deputy Governors, and the governing Board of the Bank.

Below is the full statement

LAWYERS IN SEARCH OF DEMOCRACY (LINSOD) SHALL PARTICIPATE FULLY IN THE DEMONSTRATION TO OCCUPY THE BANK OF GHANA ON OCTOBER 3RD, 2023

In consonance with our main goal of advancing the frontiers of democratic practice and good governance in Ghana, we, Lawyers in Search of Democracy (LINSOD), have hereby declared our full support for the organizers of the procession to occupy the Bank of Ghana on October 3rd, 2023. Importantly, all our members are Ghanaian lawyers, who are familiar with the reckless management of the affairs of the Bank of Ghana by the Governor of the Bank, his Deputy Governors, and the governing Board of the Bank.

We have, for the first time in this Fourth Republic heard about a huge, unprecedented loss of GHc60.8billion by the Bank in the year 2022; the printing of about GHc77billion to finance government budget in contravention of the Bank of Ghana Act, 2002 (Act 612) amended by Bank of Ghana (Amendment) Act, 2016 (Act 918); the writing off of GHc48billion loan advanced to the government of Nana Akufo Addo and Dr. Bawumia in contravention of the Public Financial Management Act, 2016 (Act 921); and very exorbitant and extravagant spending by the Bank on its topmost senior staff and other internal operations.

We have followed the assessment by international economic rating agencies of the performance of the Ghanaian economy over the last couple of years and we have monitored the commentaries and discussions by distinguished economic and governance experts, all of whom have established without doubt that the current economic hardship and high cost of living in Ghana are due to the reckless borrowing and expenditure of the government, and the collaboration of the Bank of Ghana in illegally printing excess money for the government to spend. Accordingly, we cannot help but join the Minority Caucus of the Parliament of Ghana and their other partners, who are planning to mobilize Ghanaians to demonstrate and occupy the Bank of Ghana on October 3rd, 2023 to demand for the immediate resignation of the Governor, his deputies, and the governing board of the Bank.

We wish to urge all our members to participate fully in the demonstration, and it shall be heartwarming to see as many of our lawyers who may be willing, to appear in their suits, or even in their wigs and robes.

We are counting on your total cooperation.

Signed:

Eric Delanyo Alifo, Esq.

024 901 6517

Source: Today.com.gh