BoG Governor: Ghana’s Recovery Proves Africa Must Build Stronger Domestic Debt Markets

The Governor of the Bank of Ghana, Dr Johnson Asiama, says Ghana’s rebound from economic crisis demonstrates why African countries must urgently build resilient and diversified domestic debt markets to strengthen long‑term stability.

Speaking at the BIS Roundtable of Governors from African Central Banks in Basel on Saturday, June 27, 2026, Dr Asiama outlined key lessons from Ghana’s recovery, emphasizing the central role domestic debt markets now play in safeguarding financial stability and supporting sustainable growth.

“Ghana’s economic journey from crisis to recovery offers important lessons on the growing role of domestic debt markets in strengthening resilience while safeguarding financial stability,” he said.

Dr Asiama noted that as African economies increasingly rely on domestic borrowing to finance development and manage fiscal pressures, policymakers must prioritise the creation of deeper, more diversified capital markets capable of absorbing shocks and providing reliable financing options.

He stressed that well‑functioning domestic debt markets are essential for enhancing economic resilience, improving access to long‑term financing and supporting sustainable growth across the continent.

The roundtable convened governors of African central banks to exchange perspectives on macroeconomic trends, financial sector resilience and policy priorities shaping the region’s economic outlook.

— CitiNewsRoom