Ghana protests call for cenbank governor to resign
STORY: Thousands took to the streets of Accra on Tuesday (October 3), demanding Ghana's central bank governor resign.
This protest is the latest show of frustration over rising living costs and unemployment in one of West Africa's largest economies.
[Protester, Mamata, saying:] "I am here, I want to make history, I want to say enough, oh, is enough."
Many in the crowds, which converged on the central bank's head office, wore red and black.
Those are colors traditionally worn at funerals.
"There is no progress, there's nothing."
Businessman Alhaji Guntu said the youth are particularly affected.
"They are suffering. Their suffering is too much, their suffering is too much."
In July, the Bank of Ghana posted a record loss of 60.8 billion cedi, or about $5.3 billion, for 2022.
That was mostly due to debt restructuring - which is a condition of a $3 billion International Monetary Fund loan program.
Last month, central bank governor Ernest Addison said policies under the IMF deal were yielding results and that improved economic indicators would soon lead to higher incomes and purchasing power.
However, a stable exchange rate, lower inflation and more robust growth have not yet helped those struggling to make ends meet.
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