Parliament passes Bank of Ghana Amendment Bill, 2025

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

Speaking during a debate on the Bill prior to its passage on Thursday, December 18, 2025, the Minister for Finance, Dr Cassiel Ato Forson, said the proposed law seeks to establish a clear mechanism for the automatic recapitalisation of the Bank of Ghana in the event of significant financial losses.

According to him, the measure will ensure the continuity of monetary operations, safeguard financial stability, and reinforce market confidence in the independence of the central bank.

Policy rate cut must reflect in lending to real sector - BoG to banks

The finance minister further explained that the reforms would enhance the operational and institutional framework of the Bank, particularly in the execution of its monetary policy mandate.

He noted that the amendments are designed to reinforce the autonomy of the Bank of Ghana, improve the effectiveness of monetary policy, and restore confidence in the country’s financial system.

Meanwhile, a key provision of the Bill introduces a legal cap on the extent to which the Bank of Ghana may provide monetary financing to support government operations.

The legislation also clearly defines exceptional circumstances under which this cap may be exceeded, subject to strict conditions and enhanced oversight measures.

The passage of the Amendment Bill is expected to strengthen fiscal discipline, deepen institutional accountability, and align the operations of the central bank with international best practices.