[1] He was a Minister without Portfolio [pl] in the Council of Ministers, President of the National Bank of Poland from 1985 to 1988 and again from 1989 to 1991, and served on the Politburo of the Polish United Workers' Party from 1988 to 1989.
The son of Władysław and Marta, Baka graduated from the Faculty of Economics [pl] at the University of Warsaw in 1958.
[2] In 1955, Baka joined the Polish United Workers' Party and served on its Central Committee.
He represented the communist government for their social and economic policy in the 1989 Polish Round Table Agreement.
In 2005, President Aleksander Kwaśniewski awarded Baka the Grand Cross of the Order of Polonia Restituta "in recognition of his outstanding contribution to the development of the financial system in Poland, for achievements in research and teaching".