The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has confirmed government backing for the recapitalisation of the central bank following strains on its balance sheet during the Domestic Debt Exchange Programme (DDEP).

Speaking at the 128th Monetary Policy Committee (MPC) press briefing on January 28, 2026, Dr Asiama described the discussions with government officials as “fruitful,” stressing that recapitalisation is vital for the bank’s strategic development and long-term stability.

“I believe in the government’s commitment to recapitalise the central bank following the hit it took to protect the economy amid the domestic debt restructuring programme. So far, discussions with the government have been productive, and there is support to help repair the bank’s balance sheet,” he said.

Dr Asiama added that restoring the BoG’s capital position is key to stabilising market conditions and closing gaps in Ghana’s financial system.

“It is only fair that the wounds suffered as a result are addressed. The recapitalisation process will safeguard the central bank’s ability to operate independently and maintain confidence in monetary policy,” he emphasised.

He noted that the government had previously recapitalised some commercial banks in 2025, which have since reported strong financial performance, indicating a more resilient banking environment.

According to the Governor, as of December 2025, 21 out of 23 licensed banks in Ghana had met the required capital adequacy thresholds, while the remaining two were given until the end of March 2026 to fully comply.

“We have two more banks that are yet to meet the requirement, but they have been given until the end of March 2026. Overall, we have made significant progress on the recapitalisation strategy, and we are monitoring closely to ensure full compliance,” he said.