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Bank of Ghana Governor Calls for Bold Transformation Amid Global Financial Pressures

Aba Aikins Appah by Aba Aikins Appah
6 months ago
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Bank of Ghana Governor Calls for Bold Transformation Amid Global Financial Pressures
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The Governor of the Bank of Ghana, Dr. Johnson Asiama, has called on the central banks and financial leaders to confront what he describes as the “unprecedented and unique pressures” reshaping the global financial landscape.

He noted that these global pressures demand a radical shift in the operations of central banks, their focus and capability, emphasizing, “we must adapt swiftly and boldly or risk losing our relevance.”

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Delivering his welcome address at a 2-day Bank of Ghana/Bank of England on November 10, 2025, the Governor stressed that while central banks’ mandates remain constant, the context in which they operate is evolving, and requires bold adaptation.

He explained that rapid technological changes like artificial intelligence and digital payments are all putting pressure on how the central bank ensures safety and control.

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Reinforcing the partnership between the Bank of Ghana and the Bank of England, Dr. Johnson Asiama emphasized that the conference aims to foster peer learning, share lessons from crises, and strengthen regional networks.

The two-day High-Level Pan-African Central Bank Governors’ Conference is being held in Accra from 10th to 11th November 2025 under the theme “Central Bank Governance: Leadership, Credibility, and Resilience in African Central Banking.”

It will draw on real-world experiences from both serving and former Governors to generate practical insights that can inform future leadership training, governance reforms, and continental cooperation frameworks.

He called for honest, experience-based discussions on governance, independence, accountability, and decision-making.

“Colleagues, over the next two days, our aim is not to deliver lectures, but to exchange truths, rare truths. These discussions are designed not for theory, but for candour and insight. We will reflect on effective governance, central bank independence, accountability, and the courage to make difficult decisions, not as theory, but as lived experience and shared candidly,” he said.

The Governor emphasized the value of partnerships, highlighting the ongoing collaboration between the Bank of Ghana and the Bank of England.

That alliance, he indicated, has strengthened institutional capabilities and illustrated that effective central banking requires both technical expertise and thoughtful judgment.

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