Article 183 of the Constitution of Ghana

(1) The Bank of Ghana shall be the Central Bank of Ghana and shall be the only authority to issue the currency of Ghana. (2) The Bank of Ghana shall— (a) promote and maintain the stability of the curre ncy of Ghana and direct and regulate the currency system in the interest of the economic pro gress of Ghana; (b) be the sole custodian of State funds of Ghana b oth in and outside Ghana and may, by notice published in the Gazette , authorise any other person or authority to act as a custodian of any such fund as may be specified in the notice; (c) encourage and promote economic development and the efficient utilisation of the resources of Ghana through effective and efficient operation of a banking and credit system in Ghana; and (d) do all other things not inconsistent with this article as may be prescribed by law. (3) The Governor of the Bank of Ghana shall, for th e purposes of this article, disallow any transaction or transfer involving directly or indir ectly, any foreign exchange whether in or outside Ghana, which is contrary to law. (4) The following shall apply to the Governor of th e Bank of Ghana— (a) he shall be appointed by the President acting i n consultation with the Council of State for periods of four years each; (b) he shall, notwithstanding article 285 of this C onstitution be the chairman of the governing body of the Bank of Ghana; (c) his emoluments shall not be reduced while he co ntinues to hold office as Governor; (d) he shall not be removed from office except on t he same grounds and in the same manner as a Justice of the Superior Court of Judicature, o ther than the Chief Justice, may be removed.