BoG governor Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/bog-governor/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Wed, 24 Jan 2018 05:13:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.8 https://citifmonline.com/wp-content/uploads/2019/05/cropped-CITI-973-FM-32x32.jpg BoG governor Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/bog-governor/ 32 32 We’re yet to decide on management model for BoG Hospital – Governor https://citifmonline.com/2018/01/were-yet-to-decide-on-management-model-for-bog-hospital-governor/ Tue, 23 Jan 2018 08:13:27 +0000 http://citifmonline.com/?p=394254 The Governor of the Central Bank, Dr. Ernest Addison, has told Citi News that the Board of the Bank is yet to take a decision on what it considers an appropriate management model for the BoG Hospital. A 60-bed capacity ultra-modern Bank of Ghana Hospital, which was largely completed in 2017, is yet to be put […]

The post We’re yet to decide on management model for BoG Hospital – Governor appeared first on Citi 97.3 FM - Relevant Radio. Always.

]]>
The Governor of the Central Bank, Dr. Ernest Addison, has told Citi News that the Board of the Bank is yet to take a decision on what it considers an appropriate management model for the BoG Hospital.

A 60-bed capacity ultra-modern Bank of Ghana Hospital, which was largely completed in 2017, is yet to be put to use although all major equipment and hospital material have been duly installed.

The facility, located at Cantonments in Accra, was part of a GH¢445.8 million capital expenditure commitments of the bank to major projects including the construction of a data center and its guest house.

[contextly_sidebar id=”iiuGWDnutGDTpYd83c5nRBRRbaZShqnk”]According to the Bank of Ghana, it wants to attract private investors to manage the facility when completed.

Responding to the issue at the Monetary Policy Committee meeting on Monday, January 22, 2018, the Governor, Dr. Ernest Addison, stated that the Board will take a decision on the most effective management model for the facility.

“This has been a project that the bank has undertaken and nearing completion. The new board will decide for the model of this hospital because we want to attract private sector management of that hospital,” he added.

Citi News gathered that, the construction, which started in 2014 by the Universal Hospitals Group, was completed in three years.

Reports indicate that, although the facility is not in use, some monies are being spent on electricity bills and others, as some gadgets are powered from time to time to ensure that they don’t become rusty.

Spotlight on abandoned health facilities 

Citi FM has in the last few weeks put the spotlight on several health facilities that have either been partially or fully completed, but are not functional.

A typical examples is the $217 million University of Ghana Medical Centre, the first phase of which has been completed, but the facility is not in use due a tussle between the school and the Health Ministry over who should manage it.

Volo digital Health Centre abandoned over lack of staff

Another abandoned project is the solar-powered medical centre at the Volo Digital Village completed in 2015, which has not been operational due to lack of staff to man the facility.

According to National Democratic Congress [NDC], Member of Parliament North Tongu Constituency, Samuel Okudzeto Ablakwa, prospective staff were turning down offers to work at the facility, citing the lack of staff accommodation as one of the reasons.

“According to the Health Service Directorate in the Volta Region, even if we had one doctor for a start and a couple of nurses it will help. But the challenge has been that, they have found it very difficult attracting any interested staff, and because of the accommodation challenges… it does not make it attractive,” he said.

By: Godwin A. Allotey & Lawrence Segbefia/citifmonline.com/Ghana

The post We’re yet to decide on management model for BoG Hospital – Governor appeared first on Citi 97.3 FM - Relevant Radio. Always.

]]>
New BoG governor must implement ‘deep’ reforms – IMANI https://citifmonline.com/2017/04/new-bog-governor-must-implement-deep-reforms-imani/ Mon, 03 Apr 2017 09:00:58 +0000 http://citifmonline.com/?p=307051 President of IMANI Ghana, Franklin Cudjoe, has called on the new Governor of the Bank of Ghana, Dr. Ernest Kwamina Yedu Addison, to as soon possible implement some strategic reforms to boost the capability of the country’s central bank. “…The banking system needs deep reforms, and he needs to balance carefully how he handles that […]

The post New BoG governor must implement ‘deep’ reforms – IMANI appeared first on Citi 97.3 FM - Relevant Radio. Always.

]]>
President of IMANI Ghana, Franklin Cudjoe, has called on the new Governor of the Bank of Ghana, Dr. Ernest Kwamina Yedu Addison, to as soon possible implement some strategic reforms to boost the capability of the country’s central bank.

“…The banking system needs deep reforms, and he needs to balance carefully how he handles that governance issue without coming across as overly centrally regulating,” he noted.

[contextly_sidebar id=”7IU8rWR66bdEXbPiNllfPULB3BEFTSDP”]Dr. Addison was appointed by the President last Thursday after the former governor, Dr. Abdul Nashiru Issahaku resigned, a year after he was elevated to the position.

A statement signed by the Director of Communications at the Presidency, Eugene Arhin, said Dr. Addison was appointed “in order not to have a vacuum at the top of such an important state institution.”

Speaking on Citi FM’s news analysis programme, The Big Issue on Saturday, Mr. Cudjoe commended Dr. Issahaku for stepping down and also welcomed the new BoG governor.

He further encouraged him to bring his expertise to bare in transforming the financial sector.

“I think that the decision accompanying his exit is a welcoming news and I think it sets the pace for Dr. Addison. We will be seeing a governor, in a very long while, who has an understanding of currency management. It’s a very crucial issue as we speak, and to think that he also understands the financial sector in a way it ought to work, regulation wise. The central bank ordinarily would have needed a strong competitor in that regard, but unfortunately the competitors are weak like SCC.”

“So you need a combination of skill, someone who understands governance issues within the banking system because the banking system needs deep reforms, and he needs to balance carefully how he handles that governance issue without coming across as overly centrally regulating. IMANI’s thinking is that, clearly, with Dr. Addison, we stand a greater chance of seeing a deep financial reforms and so kudos to him,” he added.

By: Godwin A. Allotey/citifmonline.com/Ghana

The post New BoG governor must implement ‘deep’ reforms – IMANI appeared first on Citi 97.3 FM - Relevant Radio. Always.

]]>