By: Belinda Nketia
The newly sworn-in Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Kwesi Asiama, has emphasised the central role of the Bank of Ghana in the country’s ambitious economic reset led by H.E. John Dramni Mahama.
Addressing the gathering following his swearing-in ceremony, Dr. Asiama declared that the Bank of Ghana would be a key institution in stabilising the economy and addressing pressing economic challenges.
“Indeed, the Bank of Ghana is a key institution in this agenda to reset the economy. We must remain steadfast in our mission to maintain price stability, ensure a sound financial system, and support economic growth,” he revealed on Tuesday, February 25, 2025.
As part of Ghana’s efforts to stabilise the macroeconomy, Dr. Asiama outlined his strategic priorities for the Bank of Ghana under his leadership. He highlighted the urgent need for policy reforms to address issues such as high inflation, fiscal deficits, and excessive debt levels, all of which are pivotal to the country’s economic reset.
Dr. Asiama also touched on the importance of recalibrating the bank’s monetary policy framework to manage emerging threats more efficiently.
He emphasised adopting a more data-driven and precise approach to inflation management, alongside coordinating efforts with other government agencies to tackle food price volatility and restore economic stability.
The new Governor, who takes over from Dr. Ernest Addison ahead of his retirement, reaffirmed that the bank will pursue reforms in its monetary policies and communication strategies, working to create a more transparent, responsive, and consistent approach to Ghana’s economic challenges.
