Bank of Ghana opens maiden Pan-African central bank governors conference with Bank of England and cites inflation down to 8%

The Bank of Ghana published Governor Dr. Johnson Pandit Asiamah’s welcome address for the inaugural Bank of Ghana and Bank of England Pan-African Central Bank Governors’ Conference in Accra on 10–11 November 2025, bringing together representatives from 23 central banks. The remarks framed the meeting around leadership and institutional credibility in an environment of economic complexity, political economy pressures, market volatility, intensified public scrutiny, and rapid technological change including artificial intelligence and digital payments. Asiamah pointed to Ghana’s recent stabilisation efforts, describing policy tightening, liquidity sterilisation and more direct communication with markets and the public following the 2022 crisis. He reported inflation at 8 percent, international reserves of USD 11.4 billion equivalent to 4.8 months of import cover (September 2025), a 34.9 percent year-to-date appreciation of the cedi, a USD 6.2 billion trade surplus in the first eight months of 2025, and a current account projected at a 5 percent surplus of GDP. The address also cited Africa’s projected 4.1 percent growth in 2025, noted that more than 20 African central banks raised policy rates by an average of 750 basis points between 2022 and 2024, and flagged ongoing vulnerabilities from high borrowing costs and fiscal strains. The two-day agenda is intended to support peer-to-peer learning on leadership and credibility, examine how central bank independence and accountability can coexist, share practical lessons from stress episodes, and strengthen regional networks for ongoing dialogue under the Bank of Ghana and Bank of England partnership.