President John Dramani Mahama has reaffirmed his administration's commitment to fiscal discipline, assuring the newly sworn-in Governor and Deputy Governor of the Bank of Ghana (BoG) that his government will avoid reckless money printing to finance public expenditure.
Speaking at the swearing-in ceremony of Dr.
Johnson Asiama and his deputy, Dr.
Zakaria Mumuni, at the Jubilee House, President Mahama emphasised the risks of excessive and unregulated central bank financing, which he said has significantly harmed Ghana's economy in recent years. "When government resorts to unsustainable consumption and expenditure financed by excessive and unregulated printing of money, the consequences can be severe.
