Gov’t committed to safeguarding BoG’s independence – President Mahama

President John Dramani Mahama has reaffirmed the government’s commitment to maintaining the independence of the Bank of Ghana, describing it as a cornerstone of effective economic management.

Speaking at the Currency Anniversary Conference on Tuesday, November 18, President Mahama emphasised that a credible, professional, and autonomous central bank is vital for sustaining macroeconomic stability and public confidence.

“A core principle of effective economic management is an independent, credible, and professionally insulated central bank. The Government of Ghana is firmly committed to safeguarding the independence of the Bank of Ghana,” he said.

The President explained that a strong and autonomous Central Bank is essential for anchoring inflation expectations, maintaining exchange rate stability, enhancing investor and market confidence, and ensuring long-term policy credibility.

“This is an economic necessity,” he stressed, noting that safeguarding central bank independence is critical to Ghana’s long-term growth and stability.