Parliament has approved the Bank of Ghana (Amendment) Bill, 2025, a key legislative reform designed to promote greater transparency, accountability, and institutional checks within the country’s central banking system.
Presenting the Bill to the House, the Minister for Finance, Hon. Cassiel Ato Forson, explained that the amendment introduces a framework for the automatic recapitalisation of the Central Bank should it record substantial financial losses.
The measure, he said, is vital to sustain uninterrupted monetary operations and safeguard the stability of Ghana’s financial system.
According to the Finance Minister, the new provisions will not only reinforce market confidence in the Bank of Ghana’s independence but also strengthen its capacity to deliver on its core monetary policy responsibilities.
The reforms, he noted, are intended to deepen the Bank’s operational and institutional structure, improving the effectiveness of monetary management and promoting stability in the broader economy.
A key feature of the amendment is the introduction of a legal ceiling on the level of monetary financing that the Central Bank can extend to the government.
The Bill also outlines exceptional conditions under which this ceiling may be temporarily exceeded, but only under stringent approval and oversight requirements to ensure fiscal discipline.
By passing the Bank of Ghana (Amendment) Bill, 2025, Parliament aims to foster stronger financial governance, safeguard the autonomy of the Central Bank, and enhance public trust in the nation’s economic stewardship.
Source: www.Kumasimail.com
