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BoG focuses on consolidation and discipline in 2026 policy outlook-Governor

BoG focuses on consolidation and discipline in 2026 policy outlook-Governor

The Bank of Ghana says its 2026 policy direction will prioritise consolidation and discipline, aiming to strengthen the gains of recent macroeconomic stability and reinforce confidence in the financial system.

According to the Governor of the Bank of Ghana, Dr Johnson Asiama, the central bank’s main objective this year is to institutionalise reforms implemented over the past period, ensuring that recent stability translates into lasting market confidence, efficient financial intermediation, and predictable economic outcomes.

Speaking at the Governors’ New Year media engagement, Dr Asiama emphasised that the Bank is not adopting an aggressive policy stance but is focused on embedding reforms into routine practice to safeguard the progress made so far.

“With stability restored, 2026 is about consolidation and discipline. The Bank’s focus this year is to make the reforms of the past period standard practice and ensure that stability supports durable confidence, effective intermediation, and predictable markets,” he stated.

Dr Asiama noted that monetary policy will remain cautious, measured, and forward-looking, with price stability serving as the anchor for all decisions.

“Monetary policy will continue to be measured and forward-looking, anchored on price stability, and supported by clear signalling and consistent liquidity management,” the Governor said.

He added that the central bank’s approach aims to strengthen market confidence rather than create uncertainty, stressing that predictability and continuity are key to building credibility.

“The objective is not to surprise markets, but to reinforce credibility through continuity,” Dr Asiama emphasised.

The Governor further assured that the Bank of Ghana will continue to monitor domestic and global economic developments closely, adjusting its policy tools when necessary to maintain stability in inflation, the exchange rate, and the financial sector.

The New Year media engagement forms part of the Bank’s efforts to improve transparency and communication while clarifying its policy direction for the year as Ghana continues on the path of economic recovery.

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