Ghana Faces Financial Crisis as Central Bank Loses Billions, Sparking Protests

Ghana facing unprecedented financial crisis with central bank losing $5bn in 2022, sparking protests calling for bank governor to resign.

Opposition party alleges central bank illegally printed money to lend to government, causing currency devaluation and high inflation.

Central bank denies mismanagement, says losses due to exchange rate fluctuations and unpaid loans, but admits government borrowed $700m it can't repay.

Loss undermines central bank's authority to regulate commercial banks and damages confidence in financial system.

Crisis blamed for plunging 850,000 Ghanaians into poverty as high inflation erodes incomes, with IMF bailout mandating fiscal restraint.