Mahama: Ghana’s Economy Bouncing Back Under Bold New BoG Direction
President Mahama Highlights the Key Role of BoG’s New Leadership in Stabilizing Ghana’s Economy
- President Mahama credits the new leadership at the Bank of Ghana for driving Ghana’s economic recovery
- Inflation is moderating, and the Ghana Cedi has appreciated by over 3% in the interbank market
- Mahama urges the newly sworn-in Second Deputy Governor, Matilda Asante-Asiedu, to remain committed
President John Dramani Mahama has announced that Ghana’s economic recovery is gaining momentum, attributing the positive shift to the fresh leadership at the Bank of Ghana (BoG).
During the swearing-in ceremony of Matilda Asante-Asiedu as the Second Deputy Governor of the BoG on Friday, May 2, Mahama emphasized that his administration inherited a struggling economy.
He credited the central bank’s new leadership—headed by Governor Dr. Johnson Asiamah—for steering the country back on track through strategic reforms and sound monetary policies.
Mahama urged Asante-Asiedu to stay dedicated to implementing the critical changes needed to stabilize and strengthen the economy.
“I’m encouraged by the efforts of Governor Dr. Johnson Asiamah and the senior management team. The recovery is real—though inflation remains high, it is trending downward. The Ghana Cedi has seen gains of 3.16% on the interbank market and nearly 5% on the forex bureau market,” Mahama stated.
He pointed out that these improvements are a direct result of deliberate monetary tightening, enhanced foreign exchange availability, and improved coordination between fiscal and monetary policy.
Concluding his remarks, the President welcomed Mrs. Asante-Asiedu, praising her extensive experience in banking, from corporate communications to financial inclusion.
