Parliament has passed the Bank of Ghana Amendment Bill, 2025, a move aimed at strengthening oversight of the central bank, improving transparency and safeguarding financial stability.
The Bill, approved after debate on the floor of the House, introduces reforms designed to reinforce the independence of the Bank of Ghana and tighten institutional checks. Finance Minister, Cassiel Ato Forson told Parliament the changes would help protect the central bank from financial shocks while ensuring it can continue to carry out its core mandate.
A key provision of the law establishes a mechanism for the automatic recapitalisation of the Bank in the event of significant losses.
According to the Finance Minister, this measure is intended to guarantee continuity in monetary operations and maintain confidence in the financial system, even during periods of stress.
Mr Forson said the reforms would strengthen the Bank’s operational and institutional framework, particularly in the conduct of monetary policy.
He added that the Bill is expected to improve the effectiveness of monetary policy, reinforce the Bank’s autonomy and restore public and market confidence in the country’s financial system.
The legislation also places a legal cap on the extent to which the Bank of Ghana can provide monetary financing to government operations. It clearly outlines the limited and exceptional circumstances under which this cap may be exceeded, subject to strict conditions and enhanced oversight.
Lawmakers supporting the Bill argued that the measures strike a balance between ensuring fiscal discipline and preserving the central bank’s ability to respond to extraordinary situations, while reducing the risk of undue political influence over monetary policy.
