Audio By Carbonatix
The Asantehene, Otumfuo Osei Tutu II, has called on Ghana’s economic managers to remain vigilant and push further on key fronts, even as the country enjoys notable progress in economic stability.
Speaking during a courtesy visit to the Bank of Ghana’s new headquarters in Accra on Wednesday January 7,2026, the Asantehene welcomed the recent improvements in macroeconomic conditions including gains in the cedi and a downward trend in inflation but stressed that the early signs of stability must not lead to complacency.
“I hope the attention paid to the cedi does not mean we are relegating the second mandate of the Bank which has to do with interest rate. We need to find ways to address other challenges,” he said.
The Asantehene acknowledged that a more stable currency brings hope and confidence, but argued that high borrowing costs remain a significant barrier to business growth and job creation.
He challenged the central bank to explore ways to reduce interest rates to help the private sector thrive and drive sustainable development.
“A sound economy cannot be achieved through government investment alone,” he added, urging monetary policymakers to focus on lowering the cost of credit to unlock productive activity and private investment.
During the visit, the Bank of Ghana’s Governor highlighted the progress the economy has made, particularly with improvements in economic fundamentals and price stability.
Nonetheless, the monarch’s remarks served as a reminder that stability must translate into real-world economic benefits for businesses and households alike.
The Asantehene’s intervention comes at a critical moment as Ghana balances recent economic gains with ongoing structural challenges particularly in access to affordable finance and sustainable private sector-led growth.
Latest Stories
-
DVLA generates GH¢27.14m from dealer plates between January and September 2026
3 minutes -
DVLA registers over 7,700 excavators in Ghana under new tracking initiative
7 minutes -
DVLA introduces six Ghanaian languages for driving theory tests
8 minutes -
DVLA prints 440,000 licences to clear backlog dating to 2023
8 minutes -
Yagaba chief calls for sanitation officers as Mamprugu Moagduri prepares to enforce bylaws
10 minutes -
One Million Coders programme shifts focus to third- and final-year university students
15 minutes -
Former EC Finance Director and KNUST Law Lecturer Dr Joseph Kwaku Asamoah appointed Deputy Chair
33 minutes -
Ashanti cocoa farmers welcome new COCOBOD Act
37 minutes -
Muntaka vows not to compromise in prosecuting drug suspects despite political pressure
1 hour -
Cannabis traffickers using ambulances and bullion vans – Interior Minister
1 hour -
Over 90% of people displaced by Savannah conflict back home – Muntaka
1 hour -
LA28: Desmond Ofei invites 32 Black Meteors players for Libya clash
2 hours -
ECG to undertake maintenance work in parts of Accra from October 12 to 16
2 hours -
Ablakwa: Ghana’s Embassies, High Commissions to support World Assemblies of God Congress
2 hours -
Joyce Bawah Mogtari cites infrastructure, healthcare reforms as evidence of Mahama’s development agenda
2 hours