$504,000 BoG Gold Watch, a waste of public expenditure! -Ghanaians Angry

At a time when unemployment rate especially among the youth keeps rising, the economy is struggling and the Ghana Cedi is one of the worst performing currencies across the globe, “it is unbelievable that the Bank of Ghana would rather focus on blowing over half a million dollars of the taxpayers’ money on buying gold wrist watches for staff of the organisation,” pressure group Alliance for Accountable Governance has said.
In a statement, the group said the central bank’s decision to spend $504,000 on 72 units of Tissot gold watches for some retiring staff who had served for 30 years or more was “difficult to comprehend.”

AFAG said it “condemns this display of opulence. It is reckless and needless.”

The group said: “Ghana is currently in a situation where many of our fellow countrymen, young and old, are facing serious economic hardship and lack access to very basic social amenities. Yet, the leadership of Bank of Ghana chose to engage in a spendthrift expenditure of this volume to satisfy a handful of people.”

It has called on President John Mahama “to probe this matter to the core and ensure that the Ghanaian public is made aware of how their taxes are being put to use. Scandals of this nature cannot continue to happen and swept under the carpet within the public sector.”

AFAG said it will call for a “mass action” by next week if the President fails to probe the matter. Meanwhile, the Bank of Ghana has defended the expenditure.





Source: Ghana/ClassFMonline.com/91.3FM