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Parliament keeps door open to monetary financing in Ghana

Parliament approves bill that removes government representative from central bank board

bankofghana
Parliament passes bill to improve central bank autonomy, ignores IMF recommendations in process

The Ghanaian parliament has passed a bill that would boost elements of the central bank's independence, but preserve the legal support for monetary financing.

A spokesperson from the ministry of communication confirmed the bill was passed on August 2, and would now go to the president for approval. It is not yet available to the public.

If approved, multiple changes to the Bank of Ghana Act would enter into force, including the removal of the deputy finance minister – Cassiel Ato Baah Forson –

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