Ghana’s economy on recovery path – John Mahama
President John Dramani Mahama has announced that Ghana’s economic recovery is now underway, thanks to the leadership of the new management at the Bank of Ghana (BoG).
Speaking at the swearing-in ceremony of Matilda Asante-Asiedu as the Second Deputy Governor of the BoG on Friday, May 2, the President highlighted that the current administration inherited a weakened economy from the previous government. He credited the ongoing recovery to decisive actions and renewed leadership at the central bank.
Mahama encouraged the newly sworn-in deputy governor to remain focused and committed to the necessary reforms to stabilize the economy.
“I am pleased to note that under the leadership of Governor Dr. Johnson Asiamah and the bank’s senior management, the recovery process has begun in earnest. Inflation, while still high, is moderating. The Ghana Cedi has appreciated by 3.16% on the interbank market and by nearly 5% at the foreign bureau market,” he said.
“These gains are not accidental; they are the result of careful monetary tightening, which improves foreign exchange liquidity and a better synchronization of fiscal and monetary policy frameworks.”
The President concluded by welcoming Mrs. Matilda Asante-Asiedu to her new role, noting her distinguished career in banking, spanning corporate communication to financial inclusion.
