BoG denies allegations of illegally transferring funds offshore
The Central Bank has denied allegations that it has connived to with black market operatives to transfer funds into offshore accounts.
This follows allegations made by Dr Kwabena Otoo, Director of Research and Policy at the Trade Union Congress (TUC).
Per reports, Dr Otoo in an interview on Joy News, noted the Bank of Ghana is actively collaborating with black market operatives in the Central Business District to illegally transfer funds offshore.
But the Central Bank in a statement issued on Tuesday, November 1, 2022, described the allegations made by Dr Kwabena Otoo, as unfortunate and reckless.
The apex bank has therefore urged the general public to disregard the allegations made by Dr Kwabena Otoo.
Adding that, it is working with all relevant stakeholders including law enforcement agencies to discourage and penalise the activities of black market operators in the country.
Read details of statement below:
