Business News of Friday, 22 May 2026

Source: www.ghanaweb.com

Ghana shaping new financial markets era - BoG Governor

Dr Johnson Pandit Asiama, BoG Governor Dr Johnson Pandit Asiama, BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has stated that Ghana has transitioned from being a passive participant in global finance to becoming a contributor in the design of modern financial markets.

Speaking at the opening of the ACI Financial Markets Association World Congress in Accra on Thursday, May 21, 2026, Dr Asiama said Ghana’s macroeconomic recovery had strengthened its standing in the global financial system.

He noted that inflation had fallen to 3.4 percent in April 2026, down from a peak of 54.1 percent in December 2022. He also revealed that gross international reserves had risen above US$13.9 billion, while the policy rate had been reduced by 1,400 basis points since early 2025.

BoG signals next phase of e-Cedi expansion into cross-border settlement

“Markets that are not connected will not compete,” Dr Asiama said, calling for deeper regional integration across emerging-market financial systems.

He added that macroeconomic stability serves as “the infrastructure on which financial market development becomes possible.”

The Governor further disclosed that Ghana’s Virtual Asset Service Providers Act, passed in 2025, is now being operationalised through a detailed regulatory framework.

The Congress, which began on Thursday, May 21, 2026, concludes on Friday, May 22, 2026.