The Governor of the Bank of Ghana, Johnson Pandit Asiama, has declared that Ghana’s financial sector has successfully moved past the stage of restoring stability and now faces the challenge of building long-term resilience rooted in strong governance and sustainable business practices.
Addressing heads of banks at a bi-monthly meeting on Wednesday, February 18, 2026, Dr. Asiama emphasized that while the sector has regained its footing, the focus must now shift to ensuring durability. “Stability has been restored. The task now is durability. Durability requires stronger business models, broader ownership, deeper intermediation, disciplined innovation, and sound governance,” he asserted.
Dr. Asiama reassured industry stakeholders that the Bank of Ghana would remain a “firm, fair, and forward-looking partner,” providing support where needed but maintaining clear regulatory standards.
The Governor also referenced the Monetary Policy Committee’s (MPC) recent decision, explaining that at its 128th meeting in January, the Committee reviewed improving global and local economic conditions before acting. With inflation declining faster than anticipated and expectations well anchored, the MPC determined that monetary conditions remained tight and, as a result, reduced the policy rate by 250 basis points to 15.50 percent. This move reflected growing confidence in Ghana’s macroeconomic recovery and easing inflationary pressures.
Beyond monetary policy, Dr. Asiama revealed that the central bank had completed a thematic review of banks’ business models, focusing on funding sources, governance quality, and operational sustainability. He highlighted the need for continued structural reforms, particularly in strengthening cybersecurity frameworks to address rising digital threats.
In a bid to deepen ownership and enhance market discipline, the Governor encouraged banks to consider raising capital through listings on the Ghana Stock Exchange.
Dr. Asiama’s message signals a new era for Ghana’s financial sector, one where lasting resilience, innovation, and sound governance are at the forefront of industry priorities.
Source: Apexnewsgh.com