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President John Dramani Mahama has assured the newly sworn-in Governor and Deputy Governor of the Bank of Ghana (BoG) that his administration will not engage in reckless money printing to finance government expenditure.



Speaking at the swearing-in ceremony of Dr. Johnson Asiama and Dr. Zakaria Mumuni at the Jubilee House, Mahama emphasized the risks of excessive Central Bank financing, warning that such actions have had devastating consequences on Ghana’s economy in recent years.



“When government resorts to unsustainable consumption, financed by excessive and unregulated printing of money, the consequences can be severe. From spiraling inflation and erosion of incomes to driving millions into poverty, such actions not only weaken public confidence in financial institutions but also threaten long-term stability,” Mahama cautioned.



“One thing for sure, I’m not going to come and ask you to print more money,” he stated firmly.



His remarks come amid concerns over Ghana’s economic management, with critics pointing to the Bank of Ghana’s history of financing budget deficits as a major driver of inflation and currency depreciation.

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No More Money Printing to Fund Government – Mahama

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AUTHOR: Perpetual Tweneboah Koduah

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