Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has disclosed that the central bank is deepening reforms within the financial sector through stronger monetary policy measures, improved liquidity management, and enhanced transparency to restore investor confidence and strengthen economic stability.

According to him, the reforms form part of broader efforts by the Bank of Ghana to rebuild credibility and reinforce trust in the country’s financial system following recent economic challenges.

Speaking at the 10th edition of the Ghana CEO Summit in Accra on May 28, 2026, Dr Asiama stressed that a resilient financial sector remains critical to supporting businesses, households, and long-term investments needed to drive national development.

He revealed that the central bank is adopting a more forward-looking and risk-sensitive supervisory framework aimed at identifying vulnerabilities early and responding swiftly to emerging threats within the financial sector.

The Governor further underscored the growing importance of innovation and digital transformation in shaping the future of business and economic competitiveness.

He noted that technologies such as artificial intelligence, cloud computing, data analytics, and digital finance are rapidly transforming global business models and financial systems.

“Artificial intelligence, data analytics, cloud computing, and digital finance are redefining business models and market structures globally, and Ghana cannot afford to be a passive observer,” he stated.

Dr Asiama announced that the Bank of Ghana has established specialised units, including the FinTech and Innovation Department and the Data Analytics and Artificial Intelligence Department, to accelerate digital transformation within the institution and the broader financial ecosystem.

He also highlighted progress made on Ghana’s proposed Central Bank Digital Currency project, indicating that the initiative has the potential to improve cross-border payments and enhance efficiency within the country’s payment systems.

Despite the growing opportunities presented by technology, the Governor cautioned that innovation must be supported by strong governance systems, cybersecurity safeguards, and consumer protection measures.

“As we embrace technological transformation, we must ensure innovation remains responsible, inclusive, and secure,” he said.

Dr Asiama further called on chief executive officers and private sector leaders to support Ghana’s economic transformation agenda through industrialisation, economic diversification, stronger public-private partnerships, and improved institutional integrity.

He also urged greater collaboration between government, regulators, and the private sector to build a more resilient and competitive economy.

“Economic transformation will not happen by accident. It will require disciplined policy choices, resilient institutions, innovative businesses, and courageous leadership,” he added.

ANAS/MA