Economists in Ghana have started to kick against a decision by Ghana’s Central Bank to enforce a zero financing policy, where the central bank will no longer lend money to the government to finance its operations.
This is coming after the Bank of Ghana posted over 5 billion US Dollars in losses in 2022, primarily through funding the government’s expenditures and not getting paid.
The Central Bank and the Ministry of Finance have already signed a Memorandum of Understanding (MoU) to ensure the decision is carried through.
From Accra, Atiewin Mbillah-Lawson reports.
