Parliament Approves Bank of Ghana Amendment Bill 2025 to Strengthen Oversight and Financial Stability
Parliament has passed the Bank of Ghana Amendment Bill 2025, aimed at enhancing transparency, accountability, and institutional checks within the central bank.
Speaking during the debate on the Bill, Finance Minister Dr. Cassiel Ato Forson highlighted that the legislation introduces mechanisms for the automatic recapitalisation of the Bank in the event of significant losses, ensuring continuity of monetary operations and reinforcing market confidence.
“The reforms will strengthen the operational and institutional framework of the Bank, safeguard its autonomy, improve monetary policy effectiveness, and restore confidence in the financial system,” Dr. Forson noted.
The Bill also sets a legal cap on the extent to which the Bank may provide monetary financing for government operations and outlines exceptional circumstances under which this cap may be exceeded, subject to strict oversight measures.
Lawmakers have emphasized that the amendments are designed to preserve financial stability, bolster investor confidence, and enhance the Bank’s independence while executing its mandate in the modern Ghanaian economy.
This landmark amendment aligns with ongoing efforts to modernize Ghana’s financial sector, protect public funds, and ensure the central bank operates with clear accountability and institutional safeguards.
