Parliament has passed the Bank of Ghana (Amendment) Bill, 2025, aimed at enhancing transparency, accountability, and strengthening institutional checks within the central bank.

Contributing to the debate before the Bill’s passage, the Minister for Finance, Dr. Cassiel Ato Forson, explained that the proposed law introduces a mechanism for the automatic recapitalisation of the Bank of Ghana in the event of significant financial losses.

He noted that the amendment is designed to ensure the continuity of monetary operations, safeguard financial stability, and reinforce market confidence in the independence of the central bank.

Dr. Forson told the House that the reforms would strengthen the Bank’s operational and institutional framework, particularly in the execution of its monetary policy mandate. According to him, the changes will also reinforce the Bank’s autonomy, improve the effectiveness of monetary policy, and help restore confidence in Ghana’s financial system.

The amended law will further introduce a legal cap on the extent to which the Bank of Ghana can provide monetary financing to government operations. It will also clearly define exceptional circumstances under which this cap may be exceeded, subject to strict conditions and enhanced oversight measures.