BoG, Liberia strengthen ties in currency management and monetary policy

The Bank of Ghana (BoG) and the Central Bank of Liberia have signed a Strategic Partnership for Capacity Building and Technical Assistance Programme.

The agreement seeks to deepen cooperation in currency management, monetary policy and other core areas of central banking.

The Memorandum of Understanding (MoU) was formalised on February 13, 2026, at the Farmington Hotel in Monrovia, Liberia, marking what officials described as a historic milestone in relations between the two sister institutions.

Delivering remarks at the ceremony, Mrs. Matilda Asante-Asiedu, Second Deputy Governor of the Bank of Ghana, conveyed greetings from the Governor, Johnson Pandit Asiama, who was unable to attend but entrusted her with representing him at the event.

“Today marks a historic milestone in our relationship as we formally deepen and strengthen it through the signing of this Memorandum of Understanding (MoU),” she stated.

Mrs. Asante-Asiedu noted that over the years, the two central banks have cultivated a relationship characterised by “mutual respect, shared aspirations, and constructive engagement.” She emphasised that as sister central banks operating within a dynamic regional and global economic landscape, both institutions recognise “the immense value of collaboration and the exchange of expertise.”

According to her, the MoU represents “our collective commitment to delivering effective technical assistance, advancing capacity-building initiatives, and providing mutual support in key areas of central banking operations.”

The scope of the agreement spans critical areas at the heart of modern central banking. These include macroeconomic forecasting and policy analysis; monetary policy analysis and operations; reserve management and gold purchase operations; and on-site examination and off-site supervision of commercial banks.

Other areas outlined in the partnership are Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT); central bank communication strategies; central bank digital currency and cryptocurrency; currency design, printing, minting and management; and the application of artificial intelligence to core central banking activities.

“These areas reflect not only the traditional pillars of central banking, but also the innovative frontiers that will define the future of our institutions and the economies we serve,” she said.

Mrs. Asante-Asiedu stressed that the partnership is founded on the principle that “our collective strength far exceeds our individual capabilities.” By formalising the collaboration through the MoU, she explained, the two institutions are establishing “a structured framework for knowledge transfer, technical cooperation, and institutional development that will benefit both our central banks.”

She concluded by expressing optimism that the strategic partnership would strengthen the institutions and “further advance the shared prosperity of our two nations.”