Bank of Ghana issues press release responding to claim it printed GHC22.04bn to finance government

On 2026-10-13 the Bank of Ghana published a press release formally responding to an allegation that it "has printed an amount of GHC 22.04 billion to finance Government’s budget without parliamentary approval." The notice records the claim and signals the central bank is addressing the allegation publicly.

The public response raises a conditional credibility risk for Ghana’s local-currency curve: if the allegation is substantiated, cedi depreciation risk and a higher Eurobond risk premium could follow; if the BoG’s response suffices to reassure markets, effects may be limited to short-lived caution on the domestic curve and funding spreads. Actual pricing impact depends on forthcoming evidence and official confirmations.

Await parliamentary Finance Committee or Bank of Ghana publication of supporting transaction records or formal rebuttal within days to two weeks.