The Ghanaian economy "is on a gradual rebound," Bank of Ghana Governor Ernest Addison has assured the country. 

"Growth is improving steadily, inflation is declining, the fiscal and external positions are improving, alongside relative stability in the exchange rate", he said at the Chartered Institute of Bankers' Governor's Day recently.

Dr Addison said in the absence of "unanticipated shocks in the outlook, the continued implementation of prudent policies will further strengthen the recovery process and reinforce the disinflationary process." 

These conditions, he noted, "will improve the operating environment for the banking sector to remain stable and strong to support the economy". 

"This notwithstanding, let me use this opportunity to once again assure the public that, on the back of the DDEP and other risks that may emerge in the banking sector, the Bank will continue to closely monitor developments and, where need be, take appropriate and decisive actions to address same", Dr Addison said.

Also, he noted that the central bank "will ensure that depositors’ funds remain safe, and that the financial system remains stable and resilient".