Parliament has passed the Bank of Ghana Amendment Bill 2025 to which seeks to improve transparency, accountability and strengthen institutional checks.
The Finance Minister, Cassiel Ato Forson, while debating on the Bill before its passage, noted that the Bill seeks to establish a mechanism for the automatic recapitalisation of the Bank in the event of significant losses.
He was of the view that the Bill will ensure the continuity of monetary operations, preserve financial stability and reinforce market confidence in the independence of the Bank.
He informed the House that these reforms will essentially enhance the operational and institutional framework of the Bank, particularly in the execution of the monetary policy mandate, reinforce the autonomy of the Bank, improve monetary policy effectiveness and restore confidence in the financial system of the country.
The Bill will introduce a legal cap on the extent to which the Bank may provide monetary financing for Government operations as well as specify exceptional circumstances under which the legal cap may be exceeded, subject to strict conditions and oversight measures.
