We’ll strengthen our independence further – BoG Governor Asiama

President John Dramani Mahama has sworn into office the new Governor of the Bank of Ghana (BoG), Dr Johnson Asiama.

The swearing-in ceremony took place at the seat of Government, the Jubilee House in Accra on Tuesday, February 15.

Mr Mahama charged the Governor and his team to work to stabilise inflation and the local currency.

Addressing the gathering after the swearing-in, Dr Asiama said that the BoG under his leadership will deepen their independence while also engaging constructively with the government and key stakeholders.

“My priority is on the need to promote greater fiscal and monetary policy coordination while maintaining our operational independence. The Bank of Ghana operates independently under the BOG Act 2002 (Act 612), and as amended; and we will uphold this independence while working collaboratively with government and our international partners.

“To strengthen our independence further, we shall enhance key provisions in the Bank of Ghana Act, 2002 (Act 612) and as amended, to ensure that institutional autonomy is not just a legal principle but a practical reality in our policymaking and operations. We will engage constructively with government and other key stakeholders to always ensure alignment between monetary, fiscal and other policies,” he said.

Dr Asiama further said that the BoG will work to ensure that its negative equities are turned into positives.

He stated that “My priority is on the need to boost financial inclusion and innovation to promote inclusive economic growth, reduce poverty, empower individuals, and ensure the stability and competitiveness of the financial system.

“It is gratifying to note that Ghana is well-poised to become a regional hub for financial technology and digital assets; and this transformation agenda will be pursued with appropriate safeguards and policies to ensure financial stability, while fostering innovation in the payment ecosystem.”

 

 

 

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