THE Bank of Ghana (BoG) has denied reports that it financed government by GH¢80billion, insisting that the Bank only financed government in 2020 and 2022.
A brief statement issued by the Bank, clarified that the BoG did not finance government in 2017, 2018, 2019 and 2021 but it supported government by way of credit to the tune of GH¢10billion in 2020 and in 2022 with GH¢37.9billion.
The Bank provided support by way of the COVID-19 pandemic Bond in 2020, gave support for the government to pay salaries and settle government debt maturities as the capital market shut down access to Ghana in 2022.
