Dr. Johnson Asiama, Governor of the Bank of Ghana
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, on Tuesday, July 15, joined the Graphic Business/Stanbic Bank Breakfast Meeting where he spoke on a number of issues. Below are 10 takeaways from his address.
Bank of Ghana endorses consultative reforms: The Central Bank is shifting from top-down mandates to inclusive, stakeholder-driven reform approaches.
Constructive public dialogue is encouraged: The Bank supports national economic debates and believes they are essential for policy evolution.
IMF programme pessimism reversed: Initial doubts about Ghana’s IMF programme have been overcome through decisive action within five months.
Inflation and exchange rate stability improving: Inflation has dropped significantly from 24%, and the exchange rate has stabilised due to macroeconomic improvements.
Data, not hearsay, should guide expectations: The Governor criticised reliance on anecdotal information over hard data in shaping economic expectations.
Trade and current account performance strong: Ghana’s trade surplus and current account balance have improved sharply in 2025, bolstering economic confidence.
Foreign reserves surpass expectations: International reserves rose to over $11 billion (4.8 months of import cover), beating the IMF target of $400 million by end-June with a build-up of $1.6 billion.
Call for evidence-based media coverage: The media is urged to anchor economic commentary in data rather than speculation.
Market interventions are structured and justified: Currency market support is backed by real inflows from initiatives like the Gold for Reserves Programme.
Exchange rate fluctuations are not inherently negative: Movements in the cedi reflect macroeconomic responses and external shocks, not necessarily mismanagement.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
