The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has reaffirmed the central bank’s commitment to macroeconomic stability and transparent policy implementation during an engagement with members of the UK-Ghana Chamber of Commerce (UKGCC) in Accra.
Speaking at the Bank of Ghana’s Press Room at Bank Square on Monday, Dr. Asiama said the central bank values open dialogue with the business community, particularly on the implementation of its foreign exchange guidelines under the Foreign Exchange Act, 2006 (Act 723).
He described the UKGCC as a “steady force” in strengthening commercial ties between Ghana and the United Kingdom over the past decade, noting that the Chamber has played a key role in boosting investor confidence and facilitating partnerships between businesses in both countries.
“The Bank of Ghana recognises that sound policy is most effective when it is well understood and responsive to market realities,” Dr. Asiama said. “Platforms like this allow us to clarify our policy intentions and receive feedback that becomes essential input for decision-making.”
The Governor explained that the foreign exchange guidelines are aimed at streamlining market operations, improving transparency and compliance, and reinforcing macroeconomic stability. He acknowledged concerns within the business community, stating that policy implementation must be pragmatic and supportive of a conducive business environment.
The engagement, he said, would provide an opportunity to clarify the intent and application of the directives, listen to feedback on anticipated challenges, and explore areas of collaboration to ensure smooth implementation.
Dr. Asiama noted that the foreign exchange measures form part of a broader policy framework that includes a tight monetary policy stance and prudent fiscal management. He said these combined efforts have accelerated progress in stabilising the domestic currency and strengthening macroeconomic fundamentals.
Citing recent economic data, the Governor said inflation had declined sharply from 23.8 percent in December 2024 to 3.8 percent in January 2026. He added that business and consumer confidence have improved, real sector activity has rebounded, and financial conditions have eased, reflected in declining lending rates and a recovery in private sector credit.
“These policies and initiatives have laid a robust foundation to anchor stability and create a congenial environment for businesses to thrive,” he said.
Dr. Asiama assured members of the UKGCC that the central bank remains determined to consolidate these gains through disciplined monetary policy, strengthened external buffers, and continued structural and regulatory reforms.
With more than 230 member companies across various sectors, the UKGCC represents a significant segment of Ghana’s private sector and serves as an important channel for UK investment into the Ghanaian economy, he noted.
The Governor emphasised that sustained engagement and collaboration between policymakers and the private sector are essential to building a resilient and competitive economy.
He expressed optimism that the meeting would foster productive discussions and deepen cooperation between the Bank of Ghana and the UK-Ghana Chamber of Commerce.
Source: www.kumasimail.com
