The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has assured that Ghana’s economy has positive prospects due to the continued decline in inflation. 

He said the economy grew by an estimated 6.4 per cent in the first quarter of 2026, compared with 6.2 percent recorded during the same period in the previous year. 

Speaking at a stakeholder engagement and dinner meeting organised by the central bank in Sunyani, Dr Asiama said the growth was mainly driven by the services and industrial sectors. 

The event was attended by entrepreneurs, businesses, traders, trade associations, and other actors in the private sector. 

Dr Asiama said the economy had remained resilient and continued to show strong performance, with key macroeconomic indicators remaining stable. 

He said the stability of the macroeconomic environment reflected the effectiveness of measures implemented by the Bank of Ghana and the government. 

The BoG Governor expressed excitement about increasing business and trade activities, industrial production, and the recovery of tourism across the country. 

“In fact, we are seeing more and more people visiting and touring Ghana, and it helps to support economic activity,” he said. 

Dr Asiama said businesses and consumers were becoming more confident about the future, noting that lending rates had declined, making it easier for businesses to access credit facilities. 

He, however, cautioned that Ghana, being a small open economy, remained vulnerable to global developments. 

“We are a small open economy, and that means that we all come to anything that happens in the world whether we are part of it or not,” he said. 

Dr Asiama cited the ongoing tensions between Iran and the United States as an example, saying Ghana had not been directly involved, yet the effects were being felt locally. 

He said the impact of conflicts in the Middle East, particularly through rising oil prices, continued to affect the economy. 

The BoG Governor, however, said the economy continued to perform appreciably well, stressing that the central bank remained committed to controlling inflation, supporting businesses and investments, and promoting economic growth to strengthen the country’s resilience to global challenges. 

He explained that the stakeholder engagement was part of efforts by the BoG to demystify the central bank’s operations, promote transparency, and enhance the credibility of the institution. 

“We want to build stronger relationships with stakeholders and ensure that our policies respond to the needs of businesses and, of course, the people that we serve,” Dr Asiama stated.