The Bank of Ghana published Governor Johnson Pandit Asiama’s remarks from his New Year media engagement, reviewing 2025 actions to restore macroeconomic and financial stability and setting out 2026 priorities focused on consolidating reforms. The speech signals a measured, forward-looking monetary policy stance, a shift in supervision toward earlier risk identification, deeper reforms to support orderly price discovery in financial markets, and stronger safeguards in payments and digital finance. Key 2025 outcomes cited include a decline in inflation from 23.8% in December 2024 to 5.4% by end-December 2025, alongside progress on banking-sector reforms such as enhanced stress testing, stronger recovery planning requirements and refinements to the risk-based supervisory framework. The Bank also highlighted implementation of a rules-based foreign exchange auction framework, strengthened FX market reporting and compliance enforcement, and the role of the Domestic Gold Purchase Programme in lifting gross international reserves to over USD 13.8 billion (about 5.7 months of import cover). Legislative milestones referenced include Parliament’s passage of the Bank of Ghana Amendments Bill, 2025, and the Virtual Asset Services Bill, while payments initiatives included infrastructure modernisation and expanded instant payments and interoperability through GHIPSS. For 2026, the Bank indicated that adjustment-era programmes, including those related to gold, will move toward more sustainable institutional and fiscal arrangements, and it plans to expand media training and launch a “Governor’s Economic and Financial Story of the Year” recognition initiative during 2026.

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