The Governor of the Bank of Ghana, Dr. Johnson Asiama, has emphasized that macroeconomic stability remains the cornerstone of Ghana’s efforts to achieve sustainable economic transformation and inclusive growth.
Speaking at the Ghana-UK Investment Summit 2026, Dr. Asiama noted that low and predictable inflation, stable exchange rates and confidence in economic management are essential conditions for businesses to invest, expand operations and create employment opportunities.
Addressing participants, he said Ghana has progressed beyond economic recovery and must now focus on long-term structural transformation to sustain growth.
According to him, the country has recently weathered a challenging economic period characterised by global economic shocks, domestic imbalances and vulnerabilities within the financial sector. While acknowledging the progress made, he stressed that maintaining the gains achieved will require strong leadership, coordinated policy actions and resilient institutions.
“Macroeconomic stability is the bedrock upon which every successful economy is built,” Dr. Asiama stated.
He explained that the Bank of Ghana has implemented disciplined monetary policy measures aimed at restoring investor confidence and anchoring market expectations. These interventions, he noted, have contributed to a significant moderation in inflation, improvements in exchange rate conditions and stronger foreign reserve positions.
Dr. Asiama further disclosed that the central bank has revamped its monetary policy framework to reflect evolving structural changes within the economy and enhance the effectiveness of policy implementation. He added that liquidity management operations have also been strengthened to improve the transmission of monetary policy across the financial system.
He also pointed to increased transparency measures, including the publication of individual Monetary Policy Committee voting positions, as part of the Bank’s efforts to deepen policy credibility, strengthen accountability and improve stakeholder confidence.
Dr. Asiama cautioned that persistent global economic uncertainty continues to pose significant risks to emerging economies, including Ghana. He urged policymakers and stakeholders to remain vigilant and committed to sound economic management to safeguard the country’s stability and sustain its transformation agenda.
