Audio By Carbonatix
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, says Ghana’s macroeconomic stability is a hard-won achievement, resulting from discipline, restraint, and sustained institutional effort.
Speaking at a New Year media briefing on Friday, January 16, Dr. Asiama highlighted the landmark reforms including the passage of the BoG's Amendment Bill 2025, which he said have strengthened the central bank’s independence and enhanced its ability to safeguard the economy.
"These efforts helped restore macroeconomic stability, improve coordination between monetary and fiscal authorities, and place the economy on a firmer footing.
"The gains were hard-won and achieved through discipline, restraint, and institutional effort. They carry with them a responsibility to protect stability, to act with humility, and to remain faithful to the public trust placed in the Bank of Ghana.”
The reforms, the Governor explained, are part of broader efforts to align Ghana’s central banking framework with international best practice.
Beyond legislation, Dr Asiama noted that progress was recorded in payments and digital finance, saying through the Ghana Interbank Payment and Settlement Systems (GIPS), payment of infrastructure was modernised, instant payment capabilities expanded, and interoperability across platforms improved.
He also pointed to the passage of the Virtual Asset Services Bill, which has now been passed into law, as a milestone in establishing a regulated framework for digital assets, providing a foundation for orderly growth in emerging sectors.
“These efforts helped restore macroeconomic stability, improve coordination between monetary and fiscal authorities, and place the economy on a firmer footing,” he said.
Latest Stories
-
Stop treating businesses like high-risk borrowers – GNCCI CEO challenges banks
41 minutes -
A one-year loan can’t build a factory – GNCCI boss blasts short-term bank lending
1 hour -
Strong institutions, strong economy – GNCCI calls for commercial justice reform
2 hours -
IMF should move its headquarters to Ghana if we can’t manage after exit – GNCCI CEO
2 hours -
17 times is enough – GNCCI boss backs IMF exit, demands discipline
2 hours -
Nigeria’s NNPC in talks with Chinese company on refinery, CEO says
3 hours -
Trump’s one-year African Growth act extension offers brief but fragile trade reprieve, analysts say
3 hours -
Don’t wait till we’ve grown – GNCCI CEO blasts banks over startup financing
3 hours -
Faith, Fame & Footprints: What really opens doors for gospel artistes
3 hours -
Louvre Museum crown left crushed but ‘intact’ after raid
5 hours -
Newly discovered Michelangelo foot sketch sells for £16.9m
6 hours -
Morocco urges residents to leave flood‑risk areas as evacuations exceed 108,000
6 hours -
Starmer apologises to Epstein victims for believing Mandelson’s ‘lies’
6 hours -
Businessman in court for allegedly threatening police officer with pistol
6 hours -
3 remanded, 2 hospitalised in Effutu Sankro youth disturbances
6 hours
