President John Mahama has commended the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, and his team for taking decisive and coordinated steps to stabilize the economy, rebuild public trust, and restore investor confidence. He says the central bank’s bold leadership has sparked a positive turnaround, marked by a stronger cedi, moderating inflation, and renewed global confidence in Ghana’s financial governance.
President Mahama noted that the Bank of Ghana, under Governor Dr. Johnson Asiama’s leadership, has become a key pillar in Ghana’s national reset agenda, symbolizing economic sovereignty and institutional credibility.
“I’m pleased to note that under the leadership of Governor Dr. Johnson Pandit Asiama and the Bank’s senior management, the recovery process has begun in earnest.”
He recalled the distressed state of the economy his administration inherited, citing high inflation, a depreciated cedi, and weakened investor trust.
“When we assumed office, the economy we inherited was deeply distressed. Investor confidence had hit rock bottom. Inflation was soaring, the cedi had sharply depreciated, and our debt situation was precarious.”
The President commended the BoG’s disciplined response to these challenges through prudent monetary policy, effective liquidity management, and tighter fiscal coordination with the Finance Ministry. He attributed the recovery to:
“Careful monetary tightening, improved foreign exchange liquidity, and a better synchronization of fiscal and monetary policy frameworks.”
He highlighted that the Ghana cedi has appreciated by 3.16% on the interbank market and nearly 5% at forex bureaus—an outcome he credited to sound policy decisions and structural reforms.
“Inflation, while still high, is moderating. The Ghana cedi has appreciated by 3.16% on the interbank market and by nearly 5% at the forex bureau—a remarkable reversal of last year’s volatility.”
President Mahama also cited a renewed sense of international trust in Ghana’s economy.
Source: gbcghana
