Parliament has passed the Bank of Ghana Amendment Bill, 2025, aimed at strengthening transparency, accountability and institutional checks at the central bank.
The legislation introduces a framework for the automatic recapitalisation of the Bank of Ghana in the event of significant financial losses, a move lawmakers say will safeguard the continuity of monetary operations and preserve financial stability.
Presenting the bill during parliamentary debate, Finance Minister Cassiel Ato Forson said the reforms are designed to reinforce market confidence in the independence of the central bank while enhancing its operational resilience. He noted that the recapitalisation mechanism would prevent disruptions to monetary policy implementation and ensure the bank can effectively perform its core functions, even under financial stress.
The amendment also places tighter controls on the Bank of Ghana’s ability to finance government operations. It establishes a legal cap on monetary financing and clearly defines the exceptional circumstances under which that limit may be exceeded, subject to strict conditions and enhanced oversight.
According to the finance minister, these measures will strengthen the institutional and governance framework of the bank, improve monetary policy effectiveness and restore public confidence in Ghana’s financial system.
Lawmakers supporting the bill said it represents a key step toward reinforcing the autonomy of the central bank and preventing fiscal dominance, while promoting discipline, transparency and accountability in the management of public finances.