By Benjamin Nii Nai Anyetei
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has cautioned banks that the central bank will remain firm and uncompromising whenever financial stability is threatened, even as it supports innovation and growth within the sector.
Speaking at a post–Monetary Policy Committee (MPC) engagement with heads of banks on Tuesday, December 16, 2025, following the 127th MPC meeting, Dr Asiama said the Bank of Ghana’s priority is to consolidate recent gains in the financial sector by deepening financial intermediation, improving credit allocation and strengthening governance.
He urged banks to expand credit to the real sector, particularly small and medium-sized enterprises (SMEs), while managing risk responsibly and promoting innovation that enhances financial access and inclusion.
“Let us turn this recovery into a financial system that is both stable and catalytic in shaping Ghana’s prosperity,” Dr Asiama said. “As we prepare to close the chapter on 2025, we must remember that this year was not the end of a journey; it was the beginning of a new one.”
According to him, the work ahead will require discipline, closer collaboration and a balance between innovation and prudence. He assured the industry that the central bank would remain a supportive but firm partner.
“The Bank of Ghana will remain a firm, fair and transparent partner, supportive where necessary and uncompromising where stability is at risk,” he stressed.
Dr Asiama noted that after a period of significant strain, banks have shown resilience, with sound liquidity positions, improving capital strength and renewed profitability. He attributed these improvements to stronger governance, better risk management practices and a regulatory framework that continues to evolve.
While acknowledging persistent challenges, particularly in asset quality, the BoG Governor said banks’ commitment to responsible risk management was evident.
Looking ahead, he said the Bank of Ghana would consolidate regulatory gains through strict enforcement, expanded training and deeper engagement with industry players. Planned reforms include new directives on stress testing, recovery planning and risk management; a revised risk-based supervisory framework to enhance forward-looking oversight; and strengthened collaboration with other financial regulators and key industry bodies.
“These reforms reflect our vision of a banking sector that is modern, competitive, resilient and capable of supporting Ghana’s long-term growth agenda,” Dr Asiama added.
