Otumfuor calls for multipartisan backing for BoG boss

The Asantehene, Otumfuo Osei Tutu II, has appealed to political parties to unite behind Bank of Ghana Governor Dr Johnson Asiama and his management team.

Otumfuor made the appeal during a historic visit to the Central Bank’s head office at the Bank Square in Accra, where he engaged the leadership and staff of the Bank of Ghana.

Addressing officials of the apex bank, the Asantehene stressed that political rivalry must not be allowed to undermine the work of the central bank, warning that the country’s economic stability depended heavily on the institution’s success.

“I appeal to both sides of the political divide to give the Bank of Ghana Governor, my son, Dr Johnson Asiama, and his team a chance,” Otumfuo said. “Respect them and allow them the space to perform their duties.”

He described the Bank of Ghana as a critical national institution whose decisions affect the daily lives of all citizens, regardless of political affiliation.

“This is our bank, and our lives are in their hands,” the Asantehene noted, underscoring the far-reaching impact of monetary policy, financial regulation, and currency management.

Otumfuo framed the appeal in stark terms, cautioning that the stakes for Ghana were unusually high.

“If they fail, we risk collapse; if they succeed, we walk in wealth and glory,” he said, drawing applause from staff and invited guests at the event.

The Asantehene’s remarks highlighted concerns about public confidence in the financial sector and the need for calm, professional leadership at the central bank.

The visit, described by officials as unprecedented, symbolised the Asantehene’s interest in national economic governance and institutional stability.

It also reflected growing calls from traditional authorities for restraint in political discourse around key state institutions.

Dr Johnson Asiama welcomed the Asantehene’s counsel. He assured that the bank’s leadership remained focused on professionalism, independence, and the long-term interests of the Ghanaian economy.

In 2025, the Bank of Ghana made notable progress in stabilising the macroeconomic environment, particularly through tighter monetary discipline that helped slow inflationary pressures and support exchange rate stability.

The central bank maintained a firm policy stance, improved liquidity management and strengthened coordination with fiscal authorities, which collectively boosted investor confidence and calmed volatility in the financial markets.