Economist Kenneth Kwamina Thompson has questioned why Dr. Isaac Adongo, a board member of the Bank of Ghana (BoG), is publicly commenting on operational and public relations issues.
Speaking on JoyNews’ Newsfile, the former Dalex Finance CEO said Dr. Adongo’s public remarks were unusual and inappropriate for someone serving on the central bank’s board.
“When I heard Dr. Isaac Adongo speaking about the over-the-counter dollar issue, I was thinking to myself, why would a board member get involved in something like that?” Ken Thompson asked.
“It’s a PR matter. Why are you getting involved?”
Mr. Thompson stressed that such issues should be handled by communication professionals or executives directly managing monetary operations, not board members.
“There are a lot of issues related to it, and really, I wouldn’t have gotten involved in it at all as a board member,” he said.
“What he did was almost rare. I haven’t come across those kinds of situations. That’s where I stand on the matter.”
His comments came days after Dr. Adongo announced plans to intensify restrictions on over-the-counter access to foreign currency.
In an interview on PM Express with Evans Mensah, Dr. Adongo explained the policy direction: “If you put your dollars in the bank account, it is okay. We are happy with that; you can only get dollars if indeed you are going to use them for a dollar-denominated transaction.”
The announcement has stirred debate, with critics calling for clearer communication and better coordination from the central bank.
Mr. Thompson believes such pronouncements, especially when coming from a board member, create confusion about roles and weaken institutional discipline.
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