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Ghana's central bank will not finance the government's budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal consolidation on track.
Ghanaian lawmakers last year passed a law allowing the central bank to finance the deficit up to five per cent of the previous year's tax revenues, breaching terms of a $918 million (Sh91 billion) aid deal with the International Monetary Fund, which demanded that such funding be eliminated.
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