Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called on banks to work closely with the Central Bank to sustain Ghana’s hard-won macro-economic stability and translate the recent gains into real economic benefits for households and businesses.
Speaking at the Post-Monetary Policy Committee (MPC) Engagement with Heads of Banks in Accra yesterday, Dr. Asiama said the progress achieved in restoring stability was the result of shared effort and discipline within the financial sector, and that continued collaboration would be vital in consolidating these gains.
“The task of consolidating stability is a shared one. Sustaining a stable exchange rate, deepening credit to productive sectors, and expanding exports require close collaboration between the Bank of Ghana and the banking industry,” Dr. Asiama stated.
The Governor urged banks to design and promote export-oriented financial products, support SMEs and agribusiness, and enhance foreign exchange sourcing through formal channels.
He further appealed to the institutions to adhere strictly to domestic regulatory provisions, including the use of local insurance companies for import coverage, to reduce foreign exchange leakages and strengthen local liquidity.
Dr. Asiama also encouraged banks to take active steps toward public listing to boost capital strength, improve transparency, and enhance long-term growth prospects.
While highlighting Ghana’s progress in returning to single-digit inflation for the first time in four years, The Governor emphasised that the ultimate goal was to ensure that economic stability leads to affordable credit and job creation.
“Our collective responsibility now is to sustain discipline, strengthen the financial system, and ensure that stability translates into jobs, affordable credit, and real growth for households and businesses,” he said.
He commended the banking industry for maintaining resilience, noting that the Capital Adequacy Ratio had improved to 17.7 percent, while Non-Performing Loans stood at 20.8 percent.
The Governor reaffirmed the Bank’s commitment to working with industry players through open dialogue, consistent regulation, and shared purpose, underscoring that Ghana’s financial transformation depended on sustained partnership between regulators and banks.
“The return to single-digit inflation marks a new chapter in Ghana’s economic recovery, but it is not the end of the story,” he said. “The Bank of Ghana will continue to work closely with all of you to achieve these goals.”
