Financial analyst, Dr Micheal Dawson has called on the Ghanaian public to be circumspect in believing news reports on alleged monthly salaries paid to the Independent Board of Directors of the Central Bank.
According to him, the US$8,000 figure which is being bandied around is untrue. He believes that the External Board of Directors are paid in dollars.
“I’m not sure how that figure came about in the first place as the Board Members are not even entitled to salaries but rather allowances for their services which is standard practice.
“I think the BoG statement capturing the expenses of External Directors has clarified the issues raised as they pointed out that the expenditure line for External Directors is made up of logistics to run the Board secretariat, Board training and others,” he told journalists in Accra on Thursday.
He added “The cost under the external directors’ column from the report is not the amount taken by one individual, but cost of running the secretariat, trainings organised and the Central Bank has said in their statement that price pressures, inflationary pressures all impacted on these rising costs.
Dr Dawson said this in reaction to the reports suggesting that independent Board of Directors of the Central Bank were entitled to salaries.
He however called on the public to be circumspect and first verify such matters.