BoG Governor Credits Strong Reserves for Ghana’s Economic Resilience Amid Global Shocks

Added: 2026-05-30

[00:00:00]And the governor of the Bank of Ghana, Dr. Johnson Asiamah, has attributed Ghana's resilience to economic shocks stemming from escalating tensions in the Middle East to deliberate efforts by the Central Bank to strengthen the country's international reserves. According to him, the strategy was designed to shield the economy from external pressures and maintain macroeconomic stability amid growing global uncertainty. There's more in the following report by Daniel Sakyi-Tetteh.

[00:00:28]>> Governor of the Bank of Ghana, Dr. Johnson Asiamah, pointed to improving macroeconomic indicators as evidence of the country's recovery from recent economic distress. He cautioned, however, that growing geopolitical tensions in the Middle East continue to pose risks to the global economy.

[00:00:45]Speaking at the 10th Ghana CEO Summit, Dr. Asiamah said the Bank of Ghana's reserve accumulation strategy is helping to mitigate the impact of these external shocks.

[00:00:55]>> Stability must never be taken for granted.

[00:00:59]The recent geopolitical tensions in the Middle East it must remind us that the global environment remains highly highly uncertain.

[00:01:12]And again, this justify our strategy during last year to build greater amounts of international reserves.

[00:01:22]That is why we are able to stem the impact of the ongoing crisis even better than some of our peer countries.

[00:01:31]>> President John Dramani Mahama also assured business leaders of sustained economic stability, citing Ghana's recently secured policy coordination instrument with the International Monetary Fund.

[00:01:42]>> This decision was taken in order to maintain policy credibility and fiscal discipline over the next 36 months, thereby supporting economic stability and sustainable development.

[00:01:56]Captains of industry and business can therefore rest assured that the current stability we enjoy is not a fluke.

[00:02:03]It will be sustained into the future.

[00:02:06]And we've taxied long enough, it is time to take off.

[00:02:11]>> Commissioner General of the Ghana Revenue Authority, Anthony Sappor says the introduction of the public and AI system is already delivering strong results in domestic revenue mobilization with a system generating 1 billion Ghana cedis in April alone.

[00:02:25]>> The results for the first two months of deploying the AI is amazing and promising. In the month of April alone, we added 1 billion to our revenue generation for customs.

[00:02:38]And your Excellency, we are on course in the month of May, and the results as at yesterday is showing that we are going beyond 1 billion for the month of May.

[00:02:47]>> The 10th Ghana CEO summit brought together leading business executives, policy makers and industry players with distinguished personalities from both the public and private sectors honored for their contributions to national development.