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Showing posts with the label Economic stability

BoG: Ghana’s Economic Stability Must Be Protected as IMF Programme Nears End

  Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, has declared that Ghana's economy has achieved significant stability following two years of difficult reforms but warned that sustaining those gains will require continued discipline from government, businesses and financial institutions. Delivering the keynote address at The Money Summit 2026 in Accra, Asante-Asiedu said Ghana's economic recovery has been stronger and faster than many expected, with inflation, interest rates and borrowing costs all declining significantly while external reserves and economic growth continue to improve. Speaking on the theme, "Building Trust, Capital and Stability for Ghana's Economic Future," she described the economy as stable but cautioned that global uncertainties, including geopolitical tensions and volatility in oil markets, remain potential threats. Through discipline and no small measure of sacrifice, we have secured stability. That is the achievement o...

Economic stability is real but still young – Dr Johnson Asiama

 The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama has said that Ghana’s recent signs of economic stability are genuine but cautioned that the gains remain young. Speaking at the maiden Pan‑African Central Bank Governors’ Conference in Accra, Dr. Asiama said, even though the stability is real it is fully untested by global economic uncertainties. He reassured participants that the economic stability is real, emphasising the need for continued discipline, transparent and credible policy implementation. Colleagues, as we stand at a reflection point, economic growth is returning in many of our countries. Beneath this growth across the continent lies our fragility", "We still have to contend with high borrowing cost and fiscal strengths .In other words our stability is real but it is still being tested, “he said. At the gathering, Dr Asiama urged his colleagues to view their mandate not only as policymakers but as “custodians of public trust,” highlighting that monetary...

Economic stability, thriving business environment top priorities in Mahama’s comeback

 President John Dramani Mahama has committed to lead Ghana toward economic revitalization after his official swearing-in on January 7, 2025. Not only has he promised that but he has also assured to enhance business prospects and make Ghana an investment destination of choice. During his inaugural speech at the Black Stars Square, President Mahama asserted that restoring economic stability and achieving macroeconomic balance will be the central focus of his administration’s agenda. The circumstances we find ourselves in are indeed dire. But even so, I will be decisive and swift in my actions. We will focus our initial efforts on four critical areas. It is economic restoration and stabilisation of the macroeconomic environment. The second is the improvement of the business and investment environment”, he said. The President, outlining his vision to position Ghana for economic prosperity stressed the need for targeted reforms to attract both domestic and international capital. He has ...