Dr Cassiel Ato Forson
Parliament has passed the Bank of Ghana (Amendment) Bill, 2025, aimed at enhancing transparency, accountability, and strengthening institutional checks at the central bank.
Contributing to the debate ahead of its passage, the Minister for Finance, Dr Cassiel Ato Forson, explained that the Bill introduces a mechanism for the automatic recapitalisation of the Bank of Ghana in the event of significant financial losses.
He noted that the measure is designed to ensure the continuity of monetary operations, safeguard financial stability, and reinforce market confidence in the independence of the central bank.
According to the Finance Minister, the reforms will strengthen the operational and institutional framework of the Bank, particularly in the execution of its monetary policy mandate.
He added that the amendments will reinforce the autonomy of the Bank of Ghana, improve the effectiveness of monetary policy, and help restore confidence in the country’s financial system.
The Bill also places a legal cap on the extent of monetary financing the Bank of Ghana may provide to support government operations.
It further outlines clearly defined exceptional circumstances under which this cap may be exceeded, subject to strict conditions and enhanced parliamentary and institutional oversight.
