Accra: The Governor of the Bank of Ghana, Dr. Johnson Asiama, announced a strategic shift in monetary policy focus for the year, emphasizing consolidation and expectation management during the central bank's new year media engagement. This move signals a transition from the restoration efforts of 2025, aimed at stabilizing the market and curbing inflation.
According to Ghana Web, Dr. Asiama highlighted that the emphasis on managing expectations marks a significant transition for the Bank of Ghana. The central bank had spent much of 2025 addressing inflationary pressures and rebuilding trust in the financial markets after a period of volatility. With inflation now near targeted levels, the priority is to ensure that stability is maintained and that households, businesses, and investors have confidence in the economic environment.
Dr. Asiama also addressed the Domestic Gold Purchase Programme, noting its strategic role in enhancing macroeconomic and external resilience despite the costs involved. He underscored that the monetary policy in 2026 will focus on being measured and predictable, with clear signaling to reinforce credibility rather than surprise the markets. This approach is intended to respond to evidence, risks, and the medium-term outlook for price and financial stability.
The year 2026 is set to prioritize consolidation and discipline over expansion. The bank will deepen its supervisory focus on governance, capital planning, and early risk detection while embedding financial market reforms into routine practice. Dr. Asiama emphasized the importance of quality over quantity, highlighting the need for strong institutions, disciplined markets, and enduring policies. Oversight will be strengthened to ensure consumer protection, sound governance, and system reliability, with innovation continuing under clear regulatory boundaries.
Reflecting on 2025, Dr. Asiama described it as a challenging year that required tough decisions and sustained discipline across institutions. The passage of the Bank of Ghana (Amendment) Act in 2025 further reinforced the bank's independence and accountability, aligning the central banking framework with international best practices.