New Bank of Ghana Governor signals policy adjustments amid inflationary pressures

The newly appointed Governor of the Bank of Ghana (BoG), Dr. Johnson Asiamah, has outlined a firm commitment to addressing the country’s ongoing economic challenges, particularly persistent inflation, as part of the central bank’s core mandate.

In his first official meeting with Deputy Governors Dr. Maxwell Opoku-Afari and Elsie Addo Awadzi, Dr. Asiamah acknowledged the need for key policy adjustments to respond to the macroeconomic pressures that have weighed heavily on growth.

While specifics on the measures were not revealed, the Governor assured that these would be communicated at the appropriate time.

With inflationary trends continuing to exert strain on the economy, Dr. Asiamah emphasised that the central bank is carefully assessing the need for strategic modifications to its policies.

However, he made clear that his leadership transition would not disrupt the bank’s operational continuity or its strategic direction.

“We are focused on our mandate, and that remains unchanged. While there will be minor adjustments in response to the current economic challenges, we will communicate those at the right time,” Dr. Asiamah said.

The Governor’s remarks come at a time when Ghana continues to face inflationary pressures and uncertainty in its macroeconomic environment, raising expectations for a steady yet adaptive approach from the central bank under his leadership.

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