He says that they reflect deliberate action taken by the current managers of the economy.

Speaking at a Private Investor Roundtable, at the ongoing African Development Bank (AfDB) Annual Meetings in Abidjan on Wednesday May 28, Dr Asiama stated tha6 with renewed leadership at both the Bank of Ghana and within Government, they have implemented a coordinated macroeconomic stabilization strategy focused on three anchors: restoring stability, rebuilding market confidence, and laying the foundations for sustained growth.

Highlighting a few key indicators that reflect the turnaround now underway, he mentioned that Real GDP growth for 2024 came in stronger than projected at 5.7%, led by services and industry. For 2025, we expect a steady expansion of 4.0%, even amidst external headwinds.

He also said that the Ghana cedi has appreciated by 21.5% year-to-date, reversing the sharp 19.2% depreciation in 2024—a powerful signal of improving fundamentals and policy credibility.

“Inflation has eased from 23.8% in December 2024 to 21.2% in April 2025, driven by tight monetary policy, exchange rate stability, and a broad moderation in price pressures. Gross international reserves have climbed to US$10.67 billion, equivalent to 4.7 months of import cover, offering a meaningful cushion against external risks.

“We posted a strong trade surplus of US$4.14 billion in the first four months of 2025 and a current account surplus of US$2.12 billion in Q1, underpinned by robust gold and cocoa exports,” Dr Asiama said.

“These gains are not accidental, they reflect deliberate action,” get further said.

He also indicated that at the Bank of Ghana, they have maintained a tight monetary policy stance, strengthened liquidity management through active Open Market Operations, and reinforced policy signalling.

“We are also working in close coordination with the Ministry of Finance to ensure fiscal alignment with our disinflation and stabilization objectives,” he said.

On the fiscal front, he stated that, the Government is implementing deep expenditure controls and domestic revenue mobilization reforms to support debt sustainability.

These efforts have been bolstered by our recent Staff-Level Agreement with the International Monetary Fund (IMF) under the Fourth Review of the Extended Credit Facility programme and the sovereign credit rating upgrade by S&P from Selective Default to CCC+.

“This broad-based macroeconomic reset is helping to re-anchor expectations, restore fiscal and institutional credibility, and create an enabling environment for investment,” he said.

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