30
Jan
The Bank of Ghana says it has reached an agreement with the Finance Ministry to commit to zero financing of this year’s budget and subsequent ones. Joy Business is learning that the proposed policy is a pre-condition for the country to secure a fund programme from the IMF. Speaking at the launch of the 60th anniversary celebrations by the Institute of Chartered Accountants Ghana (ICAG), Head of Banking Supervision at the Bank of Ghana, Osei Gyasi, said the move is also necessary to contain the country’s rising debt as well as control inflation. “Monetary financing of the government deficit which…