The Governor of the Bank of Ghana, Dr. Johnson Asiama, said on Friday that if the Bank of Ghana Amendment Bill 2025 had been in place earlier, “maybe, just maybe” the financial haircuts of 2022 might have been avoided.
Speaking at the Bank’s annual New Year media engagement, Asiama reflected on the role of legislation in strengthening the central bank and protecting the economy. “If we had that in 2022, maybe, just maybe the financial haircuts might have been avoided,” he said.
He also emphasised the importance of a free and responsible media in supporting economic stability. “Our expectation, therefore, is not compliance but responsibility, accuracy, balance, and context. Our commitment, in return, is openness, engagement, and respect for your constitutional role.”
The governor highlighted the Bank’s achievements in 2025, including the decline in inflation from 23.8% in December 2024 to 5.4% by December 2025, reforms in the foreign exchange market, and progress in the Domestic Gold Purchase Programme.
Looking ahead, Asiama said 2026 will focus on consolidation, discipline, and embedding the reforms of the past period into routine practice. “Across all areas, the emphasis this year is quality over quantity – strong institutions, disciplined markets, and policies that endure,” he said.
