The Bank of Ghana has entered 2026 with optimism that stabilising inflation will be less costly than last year, Governor Dr Johnson Pandit Asiama has said.
Speaking at the Kwahu Business Forum Governor’s Roundtable on Sunday, Dr Asiama reflected on 2025, a year of strong macroeconomic performance. “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 told business leaders.
Reports indicate the central bank spent roughly GH¢17 billion managing liquidity in 2025, underscoring the high price of keeping the economy stable.
Looking ahead, Dr Asiama said the Bank is better positioned to maintain price stability in 2026 without the same level of expenditure. “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,” he said.
The governor highlighted that central banks constantly navigate trade-offs, balancing policies that support economic growth, control inflation, and maintain strong credit flows, all essential for a resilient financial sector and boosting business confidence.
The roundtable, which closed the 2026 Kwahu Business Forum, brought together investors, policymakers, industrialists, and development partners to explore strategies for boosting private sector growth. Notable attendees included Chief of Staff to the President, Mr Julius Debrah; Eastern Regional Minister, Mrs Rita Akosua Adjei Awatey; and Economic Advisor to the President, Mr Seth Terkper.
As Ghana navigates 2026, the central bank’s efforts to sustain stability are being closely watched. Dr Asiama’s message to businesses was clear that the lessons of last year have strengthened the Bank’s tools, allowing it to safeguard growth more efficiently this year.
