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Governor of Bank of Ghana Meets Commercial Bank CEOs, Highlights Economic Recovery

17Dec

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Governor of Bank of Ghana Meets Commercial Bank CEOs, Highlights Economic Recovery

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, on Tuesday evening held his final Post–Monetary Policy Committee (MPC) engagement of the year with Chief Executive Officers of Ghana’s commercial banks, reaffirming government and central bank commitment to sustained macroeconomic stability. Addressing the meeting, Dr. Asiama noted that Ghana’s economy has shown clear signs of recovery after a challenging period, attributing the progress to discipline, strong coordination, and shared efforts between the central bank, government, and the financial sector. According to the Governor, inflation is easing and market confidence is gradually returning, developments which have informed the MPC’s decision to set the policy rate at 18 percent. He explained that the current rate refl...

Volta NDC congratulates Dr. Asiamah on nomination as BoG Governor

The National Democratic Congress (NDC) in the Volta Region has congratulated Dr. Johnson Asiamah on his nomination by the President as Governor of the Bank of Ghana (BoG). According to the party, Dr. Asiamah’s extensive expertise in central banking, monetary policy, and financial regulation makes him a highly suitable choice for this critical role, especially at a time when Ghana's economic recovery and financial stability are of utmost importance. In a statement on Saturday, February 1, and signed by the Regional Communication Officer, Mr. Kafui Sorkpa Agbleze, the NDC emphasised that Dr. Asiamah’s appointment was a testament to his distinguished career and dedication to Ghana’s financial sector. "As a former Deputy Governor of the Central Bank, he played a key role in shaping mo...

Governor warns of cyber threats, urges investment in security

Dr. Ernest Addison, Governor of the Bank of Ghana, has warned financial institutions in the country regarding the growing threat of cyberattacks. He said the use of digital platforms for banking transactions presented both opportunities and some threats. The Governor was speaking at the Chartered Institute of Bankers, Ghana's (CIB) Governors Day event in Accra. The CIB Governors Day event was on the theme: "Resilience in the Financial System: Navigating Horizon Risks.” The event also saw the investiture of three honorary members, who have made significant contributions to the industry. The Governor cited the recent cyberattack on the Central Bank of Uganda, which resulted in a loss of $16.8 million, as a stark reminder of the potential conseque...