The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has reaffirmed the central bank’s commitment to consolidating recent regulatory and monetary sector gains while pressing ahead with fresh reforms aimed at strengthening Ghana’s banking industry.

Dr. Asiama gave the assurance when he met Managing Directors of commercial banks following the latest Monetary Policy Committee (MPC) meeting.

The engagement, according to the Governor, forms part of the BoG’s broader strategy to deepen collaboration with industry players as it works to safeguard financial stability and modernise the banking sector.

He noted that the central bank has made significant progress in stabilising the monetary and banking environment in recent years and is determined to protect those gains through prudent regulation, enhanced supervision, and forward-looking reforms.

“The Bank of Ghana will remain a firm, fair, and transparent partner—supportive where necessary and uncompromising where stability is at risk,” Dr. Asiama said.

“I am confident that with your continued partnership, we will deliver a stronger, more modern, and more resilient financial system, one capable of supporting Ghana’s transformation in the years ahead.”

The Governor stressed that upcoming reforms will focus on strengthening risk management practices, improving corporate governance, and ensuring that banks remain well-capitalised to support economic growth.

He added that regulatory measures will be calibrated to promote innovation and financial inclusion, while maintaining strict safeguards against systemic risks.

Dr. Asiama also urged commercial banks to align their operations with the broader national development agenda, particularly by supporting productive sectors of the economy and small and medium-sized enterprises (SMEs).

The Managing Directors present at the meeting welcomed the Governor’s assurances and reiterated their commitment to working closely with the central bank to build a stable, resilient, and competitive banking sector.

The BoG’s renewed push for reforms comes at a critical time as Ghana continues efforts to restore macroeconomic stability and strengthen confidence in the financial system following recent economic challenges.