In an official Facebook post by Awal Mohammed dated 1 May 2026, he alleged that in 2024, the administration of former President Nana Addo Dankwa Akufo-Addo and former Vice President Mahamudu Bawumia spent GH¢18.89 billion to run the central bank.
He further claimed that in 2025, under President John Dramani Mahama, the figure increased to GH¢37.91 billion, representing what he described as a 100 percent rise.
Based on these figures, Awal Mohammed accused the current government of mismanaging public funds, using strong language to characterize the situation as a “scam.”
His remarks have since generated widespread reactions across social media, with supporters echoing concerns about public expenditure and critics questioning both the tone and accuracy of the claims.
The figures cited have not been independently verified within the post, and no detailed breakdown was provided to explain what specific costs were included in the reported amounts.
Analysts often note that expenditures related to central banking operations can vary significantly depending on several factors, including monetary policy interventions, exchange rate management, financial sector support, and broader economic conditions.
Additionally, central bank financials may reflect extraordinary measures taken during periods of economic stress, such as liquidity support to banks, currency stabilisation efforts, or responses to inflationary pressures.
Without detailed context, year-on-year comparisons can sometimes present an incomplete picture of underlying economic realities.
The discussion has nonetheless reignited public interest in transparency and accountability within Ghana’s financial governance structures.
Some commentators have called for official clarification from the relevant authorities to provide a clearer understanding of the figures and the factors driving any significant changes in expenditure.
Others have urged caution in drawing conclusions solely from headline numbers, emphasizing the importance of data interpretation and institutional reporting standards in evaluating government performance.
As the conversation continues, the issue highlights the growing role of social media in shaping public discourse around economic management, while also underscoring the need for fact-based engagement on matters that directly affect national confidence and financial stability.