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Ted News Ghana Blog of Monday, 19 May 2025
Source: TEDDY VAVA GAWUGA
The Minority Caucus on Parliament’s Finance Committee has raised red flags over what it deems a conflict of interest involving the committee’s Chairman, Isaac Adongo, who also serves as a board member of the Bank of Ghana (BoG).
In a press statement dated May 16, signed by Dr. Stephen Amoah, the Member of Parliament for Nhyiaeso, the group questioned the legality and ethics of Adongo’s dual roles, citing Standing Order 228(2) of Parliament and Article 184(1) of the 1992 Constitution.
“The law provides that the Bank of Ghana must report to the Finance Committee. How can a board member of the same BoG chair that committee?” the statement queried, highlighting concerns about natural justice, specifically the legal maxim nemo judex in causa sua — no one should be a judge in their own cause.
The caucus argued that Adongo’s position as a non-executive board member at the central bank compromises the independence of the Finance Committee, especially given its constitutional mandate to monitor the BoG’s foreign exchange receipts and payments and report to Parliament every six months.
While the Minority acknowledged that some of Adongo’s recent public statements on the Bank’s handling of foreign exchange may be financially sound, they argued that he risks overstepping his limits as a board member.
“Even if the statement is financially prudent, his prescribed responsibility as a non-executive board member is being overstepped,” the caucus warned.
The issue has sparked a renewed conversation about institutional checks and balances, particularly regarding oversight roles and potential conflicts of interest within Ghana’s governance architecture.
Adongo, who is also the MP for Bolgatanga Central, is yet to respond publicly to the concerns raised.
