BoG Governor wins Policy Impact Award

Bank of Ghana (BoG) Governor, Dr Johnson Pandit Asiama, has been honoured with the Policy Impact Award at a GUTA event in Accra.

The recognition was announced on April 10, 2026, during the Ghana Union of Traders Association inauguration of new executives and awards night, where the central bank’s recent policy direction was highlighted.

GUTA acknowledged the Governor’s leadership in recent months, pointing to efforts that have contributed to easing inflationary pressures and restoring relative stability to the cedi.

Although absent from the ceremony, the award was received on his behalf by Bernard Otabil, Director of Communications at the Bank of Ghana, together with Aimee Quashie, Secretary of the Bank.

The recognition comes amid a period of notable macroeconomic adjustments led by the central bank. The Bank of Ghana has recorded measurable progress in stabilising the economy, marked by a sustained decline in inflation, rising foreign exchange reserves, and a strengthening local currency, despite incurring significant liquidity management costs estimated at GH₵17 billion in 2025.

Inflation, which stood above 23 percent in 2024, declined sharply to 5.4 percent by December 2025, with the downward trend continuing into 2026 as it dropped further to 3.3 percent by February.

At the same time, the country’s international reserves reached historic levels, climbing to 13.8 billion dollars at the end of 2025 and rising again to 14.5 billion dollars by February 2026, reflecting improved external buffers.

The banking sector also showed signs of strengthened resilience, with total assets expanding by 34 percent by February 2025, while the Capital Adequacy Ratio improved to 14.4 percent, signalling enhanced capacity to absorb financial shocks.

Fiscal consolidation efforts complemented these gains, resulting in a reduction in public debt from 726.7 billion Ghana cedis in 2024 to 641 billion Ghana cedis by December 2025.

The award highlights the central bank’s role in steering Ghana’s recent economic recovery, with policy interventions credited for restoring a measure of confidence in the financial system.