Ghana’s economy showing resilience despite global pressures – BoG Governor

The Governor of the Bank of Ghana, Johnson Pandit Asiama, has stated that Ghana’s economy continues to demonstrate resilience despite rising global economic uncertainties.

Speaking at the opening of the 130th Monetary Policy Committee (MPC) meeting on Monday, May 18, 2026, Dr Asiama said the country had recorded significant improvements in external reserves, investor confidence, and debt sustainability as a result of ongoing economic reforms and macroeconomic policy adjustments.

According to him, the Bank of Ghana remains committed to maintaining policies that will anchor inflation expectations and preserve financial stability amid growing external challenges.

Dr Asiama noted that Ghana’s engagement with the International Monetary Fund (IMF), together with the proposed Policy Coordination Instrument (PCI), remains crucial in strengthening macroeconomic stability and promoting inclusive economic growth.

“The Ghanaian economy has improved meaningfully since our last meeting in March 2026,” he stated, attributing the progress to sustained reforms implemented over the past few years.

“Since the end of March, the picture has been one of a domestically resilient economy navigating an increasingly difficult external environment,” he added.

Touching on Ghana’s future engagement with the IMF, Dr Asiama described the proposed PCI arrangement as an important step toward deepening the country’s relationship with the international financial system.

“The PCI represents a considered and credible next step in Ghana’s institutional engagement with the international financial architecture,” he said.

The Monetary Policy Committee is expected to continue deliberations on policy measures aimed at maintaining economic stability and supporting growth.