Bank of Ghana inaugurates Board of Directors and sets priorities on price stability and governance

The Bank of Ghana published the Governor’s welcome address for the inauguration of its Board of Directors, formally marking the start of the Board’s work and framing it as a reset focused on financial stability and sound monetary policy. The Governor set out priorities to restore confidence in the central bank, uphold price stability, strengthen the Bank’s financial position, and reinforce good governance. The address highlighted the economic context the Board is expected to navigate, citing macroeconomic instability, rising inflationary pressures, currency volatility, and fiscal constraints. The Board was described as responsible for guiding the Bank’s policy direction and ensuring decisions are taken with integrity and accountability, with an emphasis on transparency and independence in monetary and financial policies.