Sunday, 22 February

BoG Governor shifts focus to ‘durability’ as inflation falls to 3.8%

News
Governor in a meeting with banking executives

Governor of the Bank of Ghana, Johnson Pandit Asiama, has held high-level discussions with Chief Executives and leaders of Ghana’s banking sector at a post-Monetary Policy Committee (Post-MPC) meeting, outlining the country’s economic progress and the next phase of financial sector reforms.

Addressing participants, Dr. Asiama highlighted significant macroeconomic improvements, noting that inflation has declined to 3.8 per cent, foreign reserves have strengthened, and economic growth is rebounding.

“With stability restored, our focus now shifts to durability,” the Governor stated, emphasising the need for stronger bank business models, deeper financial intermediation, disciplined innovation, and sound corporate governance.

He explained that the current phase of Ghana’s financial recovery is not about short-term relief measures but about building structural resilience within the banking industry.

“The next phase is not about relief, but about structure.

We must build a banking system that is resilient across cycles, responsive to risk, and positioned to support Ghana’s long-term transformation,” he stressed.

 

Source: Classfmonline.com/Cecil Mensah