Governor of the Bank of Ghana, Dr. Johnson P. Asiama, on Tuesday, 6 January 2026, outlined the Bank’s strategic achievements during the 77th Annual New Year School and Conference hosted by the University of Ghana.
Reflecting on the past year, Dr. Asiama noted that the Bank’s primary role in 2025 was to restore monetary and financial stability, safeguard the integrity of the financial system, and rebuild confidence through firm but measured policy actions and stronger institutional coordination.
“The results are now evident. Inflation eased from above 23 percent into single digits, levels not seen since 2019. External buffers strengthened significantly, with gross international reserves rising to US$13.8 billion, equivalent to about 5.7 months of import cover. Market confidence improved, and foreign exchange conditions stabilised,” he said.
Dr. Asiama, however, acknowledged that stability came at a cost. He explained that the Bank of Ghana bore the financial burden of a national strategic policy through the Domestic Gold Purchase Programme (DGPP). Since its establishment, several refinements were made in 2025, including the cancellation of the G4O and adjustments to the G4R. Governance, transparency, and risk management were also strengthened, particularly within the artisanal and small-scale gold trading segment.
The Governor’s remarks underscored the Bank’s commitment to sustaining stability while balancing the challenges of implementing strategic interventions for long-term economic resilience.
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