Bank of Ghana committed to sustaining recent economic gains — Governor

The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has assured that the central bank is committed to sustaining and deepening recent economic gains to ensure long-term stability and inclusive growth.

He cited improvements in key indicators, including falling inflation, a relatively stable cedi and reduced monetary policy rates, attributing the progress to discipline and stronger policy coordination.

Dr. Asiama was speaking during a courtesy visit by the Asantehene, Otumfuo Osei Tutu II, to the Bank of Ghana in Accra on Tuesday, January 7, 2026.

Addressing concerns previously raised by the Asantehene about the sustainability of the cedi’s appreciation, the Governor said the recent gains are backed by stronger economic fundamentals.

“The underlying foundations of the economy have strengthened in important ways. The Bank of Ghana is fully committed to playing its role, firmly, independently, and professionally, so that the gains we are beginning to see become durable and inclusive,” he noted.

He disclosed that inflation, which stood at 23.8 percent in December 2024, declined steadily to 5.4 percent by December 2025, allowing the Bank to cautiously ease monetary policy.

The monetary policy rate, he said, was reduced from 27 percent to 18 percent by November 2025, while international reserves rose to about US$13.83 billion by the end of the year.

Dr. Asiama, however, cautioned against complacency, stressing that currency stability must be sustained through prudent choices.

“We remain careful not to confuse improvement with permanence. Exchange rate stability is not something that can be declared; it must be earned continuously,” he said.