According to the Governor of the Bank of Ghana (BOG), Dr Johnson Asiama, the economic question he faced at the beginning of his tenure as Governor has flipped with the 2025 economic achievements.
While remarking on his year-long record, he disclosed that the next step for the Ghanaian economy is to capitalize on the stability gained for further growth in 2026. The progress and adjustment to Ghana’s new status, according to him, require collective commitment and hard work.
“As we turn toward 2026, the central question is no longer whether stability can be restored. The question is how that stability is used.”
Dr Johnson Asiama, BOG Governor
As part of the measures the Bank of Ghana is taking to equip economic and financial activities in Ghana for the fast-approaching year, Dr Asiama outlined certain policy initiatives to give a framework for how stability in 2025 would be utilized.
Promoting Export Financing to Expand FX Base
The Bank of Ghana has earlier reached out to banks to rally support for the government’s export agenda by “strengthening export finance desks, supporting agro-processing and non-traditional exports, and engaging more deliberately with AfCFTA-related trade opportunities.” The Governor revealed that the feedback is impressive.
“In the year ahead, we expect this momentum to deepen, with banks playing a more active role in financing export-oriented enterprises, managing trade risk, and helping firms move from domestic markets into regional and global value chains.”
Dr Johnson Asiama, BOG Governor
He urged the banking sector to play an active role in Ghana’s export agenda to shape it, emphasizing that “this is the moment for banks to do more to design export-ready loan products, build sector-specific expertise, support risk-sharing and hedging instruments, invest in digital trade platforms, and actively walk with exporters from production to payment.”
Nurturing exporters through financial support frameworks expands Ghana’s foreign exchange (FX) base, improves banks’ balance sheets, and deepens the resilience of the financial system. “Every container shipped, every processed good sold abroad, every new contract won, strengthens both the real economy and the banking sector that serves it,” Dr Asiama illustrated.
The head of Ghana’s Central Bank admonished the banks to operate as a unit to ensure national coordination and effectiveness. He called for all banks to be committed to moving from isolated initiatives to a collective export finance strategy, while assuring that the Central Bank will also be actively present to support in different ways.
“Bank of Ghana will continue to play its part, through policy stability, dialogue, and targeted regulatory support, but the energy, innovation, and scale must come from the banks.”
Dr Johnson Asiama, BOG Governor
He again assured the banking sector players that the country is ready for their export-financing initiatives. All the various sectors and sector groups await the opportunity to expand the export sector.
“Ghana’s exporters are ready. Our young entrepreneurs are ready. The global market is open. What they need now is a banking system fully aligned with the nation’s drive to earn more, produce more, and compete globally.”
Dr Johnson Asiama, BOG Governor
Banking Sector Realigns to Support Stability
As the Governor of the Bank of Ghana has assured the government of his support to reset the economy, this has been realized in the unit operations between the Bank of Ghana and the Ministry of Finance to achieve the current stability. Dr Asiama again reassured that the Bank of Ghana will continue to cooperate as 2026 approaches.
According to Dr Asiama, the stage in the country’s growth process that answers the ‘how that stability is used’ will clearly define institutions in terms of those that have strengthened governance, improved risk management, and rebuilt capital, and those that have not. The strengthened and ready-to-seize-opportunity institutions will find greater room to expand credit responsibly.
The quality of supervision from the Central Bank will also be improved, focusing on sharpening the quality of intermediation, underwriting discipline, sectoral concentration, cash-flow analysis, and risk pricing. According to the Governor, “credit growth will matter, but credit quality will matter more,” in 2026.
As interest rates decline, the Bank will prioritize asset quality, without weakening standards. Tolerance for repeated weaknesses will be lower, even as engagement remains constructive.
Prognosis for Ghana’s economy in 2026
According to Dr Asiama, the national economy and the banking sector in 2026 will shift from recovery to depth and diversification, mobilizing long-term capital for a broader range of issuers and instruments, and strengthening the link between savings and productive investment.
Innovation will remain central, with sharper expectations. Priority will be given to solutions that demonstrably lower costs, expand access, strengthen compliance, and improve risk management. Clearer guidance will support a level playing field between banks and the real sectors.
He emphasized that the underlying principle for success in all these is simply discipline. the next phase of growth will reward predictable systems, credible institutions, steady leadership, and productive implementation of policy and financings
“If 2025 was the year confidence was rebuilt, then 2026 must be the year that confidence is put to work – carefully, productively, and with judgment, in service of a stronger, more competitive Ghanaian economy.”
Dr Johnson Asiama, BOG Governor
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