Majority defends closed-door BoG meeting, says central bank must remain independent

The Chairman of Parliament’s Economy and Development Committee, Eric Afful, has dismissed suggestions that there is an attempt to shield the Bank of Ghana (BoG) from public scrutiny, insisting that the central bank’s operations must be handled with transparency and accountability.

The Amenfi West Member of Parliament (MP) in an interview on Adom FM Dwaso Nsem said the Bank of Ghana is an independent institution and does not operate as a government ministry or agency, although the government remains a stakeholder.

Speaking on Adom FM’s Dwaso Nsem, Mr Afful said Parliament’s Standing Orders allow ministers and heads of statutory bodies to appear before the House to answer questions, but noted that the structure of the Bank of Ghana requires a different approach because of its independence.