Parliament has approved the Bank of Ghana (Amendment) Bill, 2025, aimed at enhancing transparency, accountability, and strengthening institutional checks at the country’s central bank.
During the debate prior to the bill’s passage, Finance Minister Dr. Cassiel Ato Forson highlighted that the legislation establishes a mechanism for the automatic recapitalisation of the Bank of Ghana in the event of significant losses.
He emphasised that the reforms would ensure the continuity of monetary operations, preserve financial stability, and reinforce market confidence in the independence of the central bank.
Dr. Forson further explained that the amendments would enhance the operational and institutional framework of the Bank, particularly in executing its monetary policy mandate, while reinforcing its autonomy, improving monetary policy effectiveness, and restoring confidence in Ghana’s financial system.
A key provision of the bill approved by Parliament on Thursday, December 18, 2025, introduces a legal cap on the extent to which the Bank of Ghana may provide monetary financing for government operations. It also specifies exceptional circumstances under which this cap may be exceeded, subject to strict conditions and oversight measures.
The passage of the bill is seen as a step towards aligning the central bank’s operations with international best practices and promoting greater fiscal discipline.