The Governor of the Bank of Ghana (BoG), Dr Abdul-Nashiru Issahaku, last Thursday told the Public Accounts Committee (PAC) of Parliament that the central bank had stopped extending loans to the government.

He said the BoG started the zero financing of government this year.

Dr Issahaku was answering questions from the committee on queries raised in the 2012, 2013 and 2014 Auditor General’s reports against the BoG.

Deputy Finance Minister

A Deputy Minister of Finance, Mr Cassiel Ato Forson, who was also before the PAC, confirmed that the government had stopped receiving loans from the central bank.

He said the government had signed a fiscal agency agreement with the BoG for zero financing, starting from this year.

“The government is not e