Former Chief Economist at the Bank of Ghana, Dr. Assibi Abudu has stated that he was treated unfairly whiles working with the Central Bank because he was too honest.
Speaking on Happy FM’s Epa Hoa Daben‘ with Kwame Afrifa Mensah – concerning the collapse of seven banks in the country, he said, “Bank of Ghana must be blamed, because when a football team loses the coach is always blamed. the central bank did not do their supervision well.”
Dr. Abudu touched on how he was mistreated during his time with the Bank of Ghana.
“I was sacked during the civilian regime whiles working with Bank of Ghana, this happened in 1980. but I don’t want to go into this,” he said.
When Dr. Assibi Abudu was pushed by the host to give a brief detail on what happened during the civilian regime, he indicated, “Although I was a staff, I was once reported to have resigned which wasn’t true, so since I realize my country didn’t need me, I later travelled to work with an international bank, he told Happy FM.
Advising Ghana on what we need to do to progress as a nation, he cited, “Our educational system is really terrible, it is a silent distraction to those who graduate. Half of them are still illiterate after they spend more years in school. When I meet students, I ask them simple questions in economics but they can’t answer, hence if you are in my class and you give such answers I will score you zero.”
Dr. Assibi Abudu was a former head of Economic Intelligence Unit at the presidency during Dr. Busia’s regime in 1971.
By: Eugene Baah