Investor Balbir Violet Allan took the Bank of Ghana plus former boss Dr. Ernest Addison to court. She blames them for letting the cedi crash, which hurt her money badly. Law teacher Dr. John Baiden helps her fight this case at the High Court. The cedi fell from GHS 4.26 per dollar in 2017 to GHS 15.49 in 2025. Allan says this crushed her treasury investments.
She claims the money troubles could have been avoided with better management. In her lawsuit, she wants the court to declare the central bank failed its job and hold them responsible for all the damage they caused. Dr. Addison personally faces blame for running things during this currency meltdown. The exchange rate hit GHS 15.49 when he left office this February.
This case might change how financial leaders answer for their mistakes. Allan calls it one of the worst central bank performances anywhere in recent times. She wants justice for private investors harmed through poor decisions. The lawsuit could make history as the first of its kind in Ghana. Many watch closely as this battle moves through the courts.
She claims the money troubles could have been avoided with better management. In her lawsuit, she wants the court to declare the central bank failed its job and hold them responsible for all the damage they caused. Dr. Addison personally faces blame for running things during this currency meltdown. The exchange rate hit GHS 15.49 when he left office this February.
This case might change how financial leaders answer for their mistakes. Allan calls it one of the worst central bank performances anywhere in recent times. She wants justice for private investors harmed through poor decisions. The lawsuit could make history as the first of its kind in Ghana. Many watch closely as this battle moves through the courts.
