A deputy Finance Minister, Dr. John Kumah has rubbished claims that the Bank of Ghana is printing money.
He explained that the Bank of Ghana’s capital support to government does not amount to the printing of money.
The Bank of Ghana, after its Monetary Policy Committee emergency meeting, resolved to cap overdrafts to government as a result of the absence of access to international capital.
The Minority in Parliament, however, believes the move, which is without legislative approval, is a form of printing money.
But the Deputy Minister, in an interview on Eyewitness News, described the claims as unfounded.
