BoG Governor Urges Banks to Drive Ghana’s Economic Transformation

 

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has challenged Ghanaian banks to evolve beyond short-term relief and stability, positioning themselves as resilient engines for the nation’s long-term economic transformation.

Speaking after a post-Monetary Policy Committee (MPC) meeting with chief executives and banking leaders on Wednesday, February 18, 2026, Dr. Asiama highlighted recent economic gains while outlining the financial sector’s next chapter.

“With inflation down to 3.8 per cent, reserves strengthened, and growth rebounding, we’ve restored stability,” he said. “Now, our focus shifts to durability stronger bank business models, deeper financial intermediation, disciplined innovation, and sound governance.”

Dr. Asiama stressed moving from relief measures to structural resilience. He called on banks to build systems that weather economic cycles, manage risks effectively, and fuel Ghana’s development goals like investment, industrialisation, and sustainable growth.

“We must create a banking system resilient across cycles, responsive to risk, and ready to support Ghana’s long-term transformation,” he added.

His remarks mark a pivot in the Bank of Ghana’s strategy—from sector stabilisation to fostering innovation, robust governance, and expanded financial access. Banks were urged to adopt technology, boost efficiency, and align business models with national economic priorities.

The post-MPC gathering united top bankers to celebrate progress and map a future for a stronger, more innovative, and inclusive financial sector.

Story by: Mercy Addai Turkson # ahotorfmonline.com

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