Dr. Johnson Asiama (M), Matilda Asante-Asiedu with some journalists
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has said the Central Bank will focus on consolidation and discipline aimed at sustaining confidence and strengthening the financial system following the restoration of macroeconomic stability in 2025.
Speaking at the Governor’s New Year media engagement last Friday at the Bank Square in Accra, Dr. Asiama said the Bank’s priority for the year is to entrench reforms implemented over the past period into routine practice.
This, he explained, is to ensure that stability translates into durable confidence.
Reflecting on the Bank’s performance in 2025, Dr. Asiama described the year as one of restoration, marked by the recovery of macroeconomic stability, renewed confidence in policy, and the re-establishment of order across key segments of the financial system.
In the banking sector, he said significant progress had been made in strengthening resilience and improving supervisory effectiveness.
He noted that regulatory reforms were advanced to enhance risk identification and mitigation, including improved stress testing, stronger recovery planning requirements, and refinements to the risk-based supervisory framework.
“The Bank’s focus this year is to embed the reforms of the past period into routine practice and ensure that stability translates into durable confidence, effective intermediation, and predictable markets,” he said.
Dr. Asiama added that monetary policy will remain measured and forward-looking, firmly anchored on price stability.
According to him, the Bank will continue to rely on clear policy signalling and consistent liquidity management, not to surprise the markets, but to reinforce credibility through continuity.
In the financial sector, he said supervisory attention will shift further towards prevention rather than cure, with greater emphasis on governance quality, capital and liquidity planning, and early risk identification.
He explained that this approach would help ensure vulnerabilities are addressed before they threaten market stability.
Dr. Asiama also said recent reforms by the Central Bank would be deepened to support orderly price discovery, disciplined market conduct, and improved confidence across the foreign exchange and money markets.
On payments and digital finance, the Governor said attention would be directed at strengthening resilience and safeguards as usage continues to expand, while enhancing oversight to ensure consumer protection, sound governance, and system reliability.
“Innovation will be allowed to proceed within clearly defined regulatory boundaries,” he added.
While acknowledging that policy decisions ultimately affect real people, including households managing rising costs, businesses navigating uncertainty, and workers concerned about jobs and incomes, Dr. Asiama said the Bank’s responsibility is to act in the interest of the general public.
“Our responsibility is to act in the long-term public interest, even when the short-term choices are difficult. Trust in a central bank is built not by promises, but by consistency, transparency, and integrity over time,” he said.
Dr. Asiama further disclosed that the Central Bank would deepen its partnership with the media as part of a broader public engagement strategy.
He announced plans to expand media training programmes to include editors, producers, presenters, and other practitioners whose work shapes public discourse.
By Ebenezer K. Amponsah