Tano North Member of Parliament Dr Gideon Boako has said that an alleged $80 million monthly cap on the Bank of Ghana’s foreign exchange interventions was redacted from public International Monetary Fund reports because of market sensitivity.
In a Facebook post on Saturday, August 29, Dr Boako stated that the absence of the figure from public documents should not be interpreted as evidence that no such agreement existed during the previous IMF programme.
His comments follow an ongoing public debate over assertions made by Dr Mahamudu Bawumia, who stated that the previous government was constrained by an IMF-imposed limit on its foreign exchange interventions.
Dr Boako explained that details about central bank intervention limits are routinely kept out of public records to protect currency stability.
Isaac Nana Yaw Annor, popularly known as King Bygone, is a Ghanaian blogger, publicist and digital publisher, and the editor of Accra Posts. He started out with an entertainment blog, wrote more than 389 articles for Opera News, and worked alongside broadcaster Abeiku Santana on media and publicity from 2016 to 2024. He founded The Gospel Post, We Post Weddings, Nsemwokrom, AfroYard and Culture Gossip, and is a certified software engineer (ALX Africa). Avance Media named him among the Top 50 Ghanaian Bloggers in 2022, 2023 and 2024.
