Bank of Ghana is no exception and the Bank’s policies and activities have been shaped by changing political and economic conditions over the years. In the foundational years, the Bank of Ghana Ordinance (No. 34) of 1957 clearly defined the role of the Bank to suit the prevailing circumstances which characterized optimism and aspirations associated with the country’s attainment of independence.
Consequently, the Bank of Ghana pursued proactive policies to foster the credit system, creating financial institutions as growth-promoting vehicles,  while  exercising  the  fundamental  responsibilities  of  currency  management and acting as the Government’s banker.