New BoG Governor Pledges Stability and Signals Policy Adjustments

Clottey Rebecca 2 weeks ago

The new Bank of Ghana, BoG Governor pledges stability amid the ongoing economic crisis in the nation. Dr. Asiamah resumes office as the new Governor of the Bank of Ghana under President John Mahama.

The newly appointed Governor of the Bank of Ghana (BoG), Dr. Johnson Asiamah has brought about a firm commitment to addressing the country’s ongoing economic challenges, specifically continuous inflation, as part of the central bank’s core mandate.

During his first official meeting with Deputy Governors Dr. Maxwell Opoku-Afari and Elsie Addo Awadzie, Dr. Asiamah acknowledged the need for key policy adjustments to respond to the major economic pressures that have weighed heavily on growth.

Meanwhile, specifics on the measures were not revealed. The Governor assured that these measures would be communicated at the appropriate time. With inflationary trends continuing to put a strain on the economy, Dr. Asiamah emphasized that the central bank is carefully assessing the need for strategic modifications to its policies.

However, he made clear that his leadership transition would not disrupt the bank’s operational continuity or its strategic direction. “We are focused on our mandate, and that remains unchanged. While there will be minor adjustments in response to the current economic problems, we will communicate those at the right time,” Dr. Asiamah said.

The Governor’s remarks come at a time when Ghana continues to face inflationary pressures and uncertainty in its major economic environment, assuring expectations for a steady yet adaptive approach from the central bank under his leadership.

Dr. Asiamah appointed as the new governor of the Bank of Ghana by the president Mahama has assured that he will ensure the growth of the economy and ease of the pressure on the shoulders of Ghanaians.

This government promised to scrap all unnecessary taxes when voted into power, as they promised to cut off all those taxes in their first 120 days. Among which include the betting tax which was introduced by the Akufo-Addo led government, the e-levy which was replaced with the road tolls and the COVID-levy which was still being paid as of last year by the Ghanaian people.