Vice President, Dr. Mahamudu Bawumia, has urged Ghanaians to salute and give particular recognition to the Bank of Ghana, which has come under unfair criticism for taking the necessary measures to help pull the economy back from the brink of collapse.
According to him, the central bank provided needed financing to the government at that critical moment.
“What the Bank of Ghana did was very responsible, in putting the interest of the good citizens of Ghana first”, he disclosed when addressing the nation.
The Vice President also said the data available shows that the financing provided to government by the Bank of Ghana was temporary.
He stressed that the Bank of Ghana has provided zero financing to government in five out of the last seven years (2017, 2018, 2019, 2021 and 2023),.
“The Bank of Ghana financing to government in the COVID-19 year of 2020 and liquidity crisis year of 2022 was because of a domestic and global crisis (underperforming domestic revenue and no access to international capital markets)”, he concluded.
Source: Myjoyonline