At the Bank for International Settlements (BIS) Roundtable of African Central Bank Governors, Ghana’s Governor Johnson Pandit Asiama outlined the country’s journey from economic crisis to recovery, stressing the importance of resilient financial systems in the face of global challenges.
Governor Asiama shared lessons from Ghana’s recent experience, pointing to the growing role of domestic debt markets in strengthening resilience while safeguarding financial stability. He noted that as African economies increasingly rely on domestic borrowing, the priority must be to build deeper and more diversified capital markets that support sustainable growth.
“Domestic debt markets are not just a financing tool; they are a cornerstone of resilience,” Asiama said. He cautioned, however, that expansion must not compromise monetary policy transmission or undermine financial stability.
The roundtable brought together central bank leaders from across Africa to discuss strategies for navigating debt sustainability, capital market development, and the evolving role of central banks in fostering economic growth.
Governor Asiama’s remarks underscored Ghana’s broader narrative: from navigating fiscal pressures to rebuilding confidence in financial markets, the country’s recovery offers lessons for peers across the continent.
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