Bank of Ghana is the central bank of Ghana. The Bank’s mandate is to formulate and implement monetary policy to achieve price stability, contribute to the promotion and maintenance of financial stability, and ensure a sound payment system. The key functions and responsibilities of BoG as defined in Act 612 as amended, and Act 930, are to regulate, supervise, and direct the banking system and credit system to ensure the smooth operation of a safe and sound banking system. The Bank exercises its regulatory and supervisory mandate to ensure that the banking sector is solvent, profitable, and liquid, and that depositors' funds are safe. In pursuant of these objectives, the Bank enforces strict compliance with the statutory and regulatory requirements to promote fair competition among banks.
