President John Dramani Mahama has criticized the former leadership of the Bank of Ghana for neglecting the human impact of their decisions during the banking sector reform exercise.
He argued that the approach taken led to severe consequences for individuals and families, including the loss of thousands of jobs and disruption of lives.
Mahama expressed his concerns during the swearing-in ceremony of the new Governor of the Bank of Ghana, Dr. Johnson Asiama, and the first Deputy Governor, Dr. Zakari Mumuni.
He emphasized that the Bank of Ghana had the opportunity to salvage some institutions and protect livelihoods while ensuring stability, but instead chose an approach that ignored human consequences.
The President urged the new leadership of the Bank of Ghana to consider the human aspects behind financial statistics, going beyond technical expertise to acknowledge the profound human consequences of every decision.
He stressed that every statistic and economic indicator represents real human stories, dreams, and resilience.
