Former Kumbungu MP Ras Mubarak has criticised the Chief Executive Officer (CEO) of the Ghana Gold Board (Goldbod), Sammy Gyamfi, over his dollar gift to evangelist Patricia Asiedua, popularly known as Agradaa.
Mr. Mubarak has warned that such actions could destabilise the local currency and undermine economic confidence.
In a post on Facebook, he argued that such a move cannot be justified, adding that it sends a negative signal about the cedi’s strength, despite its recent appreciation.
Ras Mubarak has therefore charged public officeholders to demonstrate faith in Ghana’s currency and avoid forex giveaways that could weaken the economy.
“You cannot defend or justify a public office holder giving away forex, especially at a time when the cedi is doing well. Dashing foreign currency, even if well-earned, could undermine the local currency and economy. Already, we are grappling with schools, hotels, property owners, and others charging in USD.
“Sammy Gyamfi’s error of judgment could be perceived as a lack of confidence in the cedi. It contradicts government regulations. Such actions could lead to a negative impact on the cedi’s value or stability,” he stated.
Ras Mubarak further suggested that the Ghana Revenue Authority (GRA) must ensure Agradaa pays tax on the gift.
Meanwhile, following a viral video of the cash gift, the Chief of Staff, Julius Debrah, has summoned Mr. Gyamfi to clarify the circumstances surrounding the controversial gesture.
ALSO READ: