Matilda Asante-Asiedu
Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has stated that responsible and well informed media is essential in safeguarding economic stability in a financial system.
Speaking at the Ghana Journalist Association (GJA) World Press Freedom Day Honours Night 2026 in Accra, Mrs. Asante-Asiedu said trust and confidence are the foundations upon which media institutions and financial systems thrive hence when both confidence and trust erode, recovery becomes more difficult.
“Just as trust underpins the sustainability of a media system, confidence underpins the stability of a financial system for which the Central Bank has its mandate,” she said. “A bank can absorb temporary losses if confidence remains intact, while a media organisation can withstand financial pressure if public trust is preserved. But when both confidence and trust erode, recovery becomes significantly more difficult.”
She explained that the media’s role extends beyond reporting events, noting that responsible journalism is crucial to the effective transmission of monetary policy decisions.
The Deputy Governor said the Bank relies heavily on the media to help explain its policies to the public, manage expectations through its mandate of maintaining price and financial stability.
She, therefore, cautioned the media against misinformation in an evolving digital era adding that the quality of economic reporting is closely linked to journalists’ understanding of financial and monetary issues.
She said, the Bank of Ghana has adopted a strategy of providing information which includes knowledge-sharing, capacity-building and continuous engagement with journalists to deepen their understanding of monetary and financial policies.
This is not only an engagement strategy; it is also a deliberate intervention to reduce misinformation and strengthen informed public discourse in support of national development,” she noted.
Mrs. Asante-Asiedu further expressed the Central Bank’s commitment to preserving the gains made in restoring confidence in the financial sector and maintaining a stable macroeconomic environment to support long-term growth.
As part of the celebration of the World Press Freedom Day, the Bank of Ghana was honoured for continuous efforts in supporting the development of the country through engagement with the media.
By Ebenezer K. Amponsah