At the Bank of Ghana’s annual media engagement in Accra, the spotlight shone on the crucial relationship between financial stability and responsible journalism. Governor Johnson Pandit Asiamah, addressing journalists on Friday, emphasised the influential role of the media in shaping economic expectations as the nation locks in recent gains in macroeconomic stability.
Governor Asiamah highlighted that while Ghana had weathered a challenging 2025, disciplined policy choices had restored order to the economy. Inflation, he noted, had plummeted from 23.8 percent a year earlier to just 5.4 percent in December 2025, thanks to tight monetary policy, sound liquidity management, and clearer communication. As Ghana enters 2026, the central bank’s focus, according to Asiamah, would shift to consolidation and embedding reforms rather than implementing swift policy changes.
Emphasising the complexity of monetary and financial policy, Asiamah cautioned that misreporting or a lack of context could heighten uncertainty during sensitive periods of adjustment. “Our expectation is not compliance but responsibility, accuracy, balance and context,” he said, pledging continued openness and engagement with the press.
The governor outlined several initiatives, including a rules-based auction framework for the foreign exchange market, tighter oversight, and a domestic gold purchase programme, all of which had bolstered confidence and pushed Ghana’s international reserves to over US$13.8 billion, equivalent to 5.7 months of import cover.
On the other side of the conversation, the President of the Ghana Journalists Association (GJA) welcomed the central bank’s openness but stressed the need for sustained capacity building. He argued that as economic reporting becomes more technical, amid inflation control, debt restructuring, and financial sector reforms, journalists must be equipped with the right skills.
“It’s impossible to expect journalists to explain complex monetary and financial policies to the public without proper training,” the GJA president said, calling for regular workshops and briefings for media professionals nationwide, not just those in Accra.
In response, Governor Asiamah announced plans for enhanced media training and a dedicated forum for economic reporters. He also unveiled a new “Governor’s Economic and Financial Story of the Year” award, with the winner set to attend the IMF and World Bank annual meetings, an initiative aimed at encouraging accurate and insightful economic journalism.
As Ghana continues its economic recovery, both central bank officials and journalists agree that collaboration and communication will be key in ensuring that the public remains well-informed and confident in the nation’s economic direction.
Source: Apexnewsgh.com
