{"id":45610,"date":"2014-09-08T07:11:21","date_gmt":"2014-09-08T07:11:21","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=45610"},"modified":"2014-09-08T07:23:22","modified_gmt":"2014-09-08T07:23:22","slug":"mp-accuses-bog-of-manipulating-foreign-exchange-data","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/mp-accuses-bog-of-manipulating-foreign-exchange-data\/","title":{"rendered":"MP accuses BoG of manipulating foreign exchange data"},"content":{"rendered":"
The Member of Parliament for Obuasi West and a member of Parliament\u2019s Finance Committee is accusing the Governor of the Bank of Ghana (BoG) of manipulating the interbank foreign exchange rates.<\/p>\n
Kwaku Kwarteng described the act as illegal, saying it \u201cdeviates drastically from the official rates quoted by Ghanaian banks and rates prevailing in the Ghanaian currency market.\u201d<\/p>\n
[contextly_sidebar id=”HvmW9MjL05Cda0TOlYHCU5CC53emr1T3″]\u00a0<\/strong>Mr. Kwarteng\u2019s accusations were contained in a letter addressed to the governor of the Bank of Ghana, Kofi Wampah.<\/p>\n
The letter also said \u201cGovernor, the interbank foreign exchange rates the Bank of Ghana is currently publishing are not just irregular, they are also illegal. The conduct of the Bank of Ghana constitutes \u2018Multiple Currency Practice.\u201d<\/p>\n
Mr. Kwarteng is not the only member of the opposition New Patriotic Party (NPP) who has accused the BoG of publishing what he described in his letter as irregular data.<\/p>\n