Governor Johnson Pandit Asiama, participated in the Kwahu Business Forum Governor’s Roundtable session to discuss Ghana’s economic development and its impact on the business community.
Reflecting on Ghana’s economic progress in 2025, Dr Asiama highlighted the stable exchange rate, among other strong macroeconomic data, stating, “The Cedi is stable and under control.”
He emphasised the unique position of central banks and the trade-offs influencing their decisions, saying, “The work we do is always about trade-offs… trying to strike the right balance.”
Dr Asiama explained that achieving the right balance between policies affecting growth and inflation is crucial. He acknowledged the positive impact of the strong macroeconomic performance in 2025 on the broader economy but noted the associated costs to the central bank. “Last year was good but expensive for the central bank. It took us a lot of money to mop up excess liquidity and bring inflation down to 5.4% by December 2025.”
He further explained that the central bank’s monetary operations aimed to drain excess liquidity, and while the cost was high in 2025, he was confident that 2026 would be different. “If you look at where inflation was at the end of December 2024 and where it is now, it wouldn’t involve the same level of resources to keep it low and stable going forward.”
Dr Asiama concluded by emphasising the importance of collaboration, assuring the business community that the central bank aims to strengthen the markets. “When banks are strong, they can give more credit.”
The Governor’s Business Roundtable concluded the 2026 Kwahu Business Forum, which started on 3 April.
The event brought together business owners, industrialists, investors, policymakers, and development partners to discuss policies stimulating business growth.
Attendees included Chief of Staff to the President of the Republic, Mr Julius Debrah, Eastern Regional Minister, Mrs Rita Akosua Adjei Awatey, Economic Advisor to the President, Mr Seth Terkper, and Legal Counsel to the President, Ms Marietta Agyeiwaa Brew.
