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BoG reaffirms flexible exchange rate stance

Published 19 hours ago1 minute read

Dr Johnson Asiama, Bank of Ghana Governor

The Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank's commitment to a flexible exchange rate regime.

According to him, this approach enables the bank to respond effectively to economic shocks and maintain stability in the foreign exchange market.

Dr Asiama made these remarks while speaking at the Ghana Association of Banks' Industry Thought Leadership Programme.

He emphasised that the Bank of Ghana remains vigilant and ready to take timely and measured actions to preserve orderly market conditions.

His remarks underscore the central bank’s dedication to a policy framework grounded in sound economic fundamentals and supported by credible policy tools.

“The Bank of Ghana will also work to safeguard the broader macroeconomic stability necessary for financial innovation and inclusion to thrive,” he stated.

By maintaining a flexible exchange rate regime, the Bank of Ghana aims to foster stability and confidence in the foreign exchange market, critical elements for sustained economic growth and development.

DR/MA

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