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President John Dramani Mahama has stated that Ghana’s economic recovery is now in progress, attributing the improvement to the new leadership at the Bank of Ghana (BoG).
During the swearing-in ceremony of Matilda Asante-Asiedu as the Second Deputy Governor of the BoG on Friday, May 2, President Mahama explained that the current administration took over an economy in poor condition. He praised the central bank’s leadership, especially under Governor Dr. Johnson Asiamah, for initiating a strong turnaround.
He urged the newly appointed deputy governor to stay dedicated to the reforms needed to stabilize the economy and maintain the momentum of recovery.
“I am encouraged by the fact that under Dr. Johnson Asiamah and his management team, the economy is showing signs of real progress. Inflation, though still high, is gradually falling. The Ghanaian Cedi has strengthened, gaining 3.16% on the interbank market and nearly 5% in the forex bureau market,” Mahama said.
He emphasized that these improvements are the outcome of deliberate monetary policies aimed at tightening liquidity, improving access to foreign exchange, and aligning fiscal and monetary strategies.
The President ended by congratulating Mrs. Asante-Asiedu on her appointment, commending her extensive experience in banking, particularly in corporate communications and financial inclusion.
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