THE Bank of Ghana (BoG) has reiterated its commitment to sustaining macroeconomic stability and strengthening foreign exchange market discipline, as it engaged members of the UK-Ghana Chamber of Commerce (UKGCC) on recent regulatory directives.
Speaking at an engagement held at the Bank Square in Accra on Monday, the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, said the central bank values continuous dialogue with the business community to ensure that monetary and regulatory policies are well understood and responsive to market realities.
Dr Asiama noted that businesses played a critical role in shaping monetary policy outcomes and stressed the importance of collaboration between policymakers and the private sector. He said platforms such as the engagement with the UKGCC provide an opportunity for the BoG to clarify policy intentions while receiving feedback to inform decision-making.
The Governor explained that recent guidelines and directives issued under the Foreign Exchange Act, 2006 (Act 723), were aimed at improving transparency, compliance and efficiency in the foreign exchange market, while reinforcing macroeconomic stability.
He acknowledged concerns from the business community and assured that policy implementation would remain pragmatic and supportive of legitimate business activity.
According to Dr Asiama, the foreign exchange measures formed part of a broader policy framework that includes a tight monetary policy stance and prudent fiscal management, which have contributed to recent economic gains. He cited a sharp decline in inflation from 23.8 per cent in December 2024 to 3.8 per cent in January 2026, alongside improvements in business confidence, easing financial conditions and a recovery in private sector credit as contributors to the gains.
“The evidence of these policy impacts is palpable,” he said, adding that the central bank remains determined to consolidate the gains achieved over the past year to create a predictable and conducive environment for trade and investment.
Dr Asiama further underscored the importance of the UKGCC, describing the Chamber whose membership spans more than 230 companies across various sectors, as a key conduit for UK investment into Ghana and a significant stakeholder in the private sector.
He assured the Chamber of the BoG’s openness to sustained engagement, constructive feedback and collaboration, noting that these are essential for building a resilient, competitive and stable economy over the long term.
BY KINGSLEY ASARE
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