Governor of BoG reaffirms commitment to price stability and economic growth

The Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank’s dedication to its core responsibilities of maintaining price stability, ensuring financial sector resilience, and fostering economic growth.Speaking on the floor of Parliament on Wednesday, March 5, Dr Asiama emphasised that these priorities remain at the forefront of the bank’s actions, guiding its decisions and operations as an independent institution.

Dr Asiama noted the importance of public trust in the operations of the Bank of Ghana, acknowledging that such trust is built on principles of transparency, sound decision-making, and prudent financial management.

He reaffirmed that the bank remains fully committed to these values, which are essential for maintaining confidence in the institution and the broader financial system.

“Public trust is fundamental to our operations,” Dr Asiama stated.

He added “This trust is built on transparency, sound decision making, and a demonstrated commitment to prudent financial management.”

Addressing the recent changes in the bank’s leadership, the Governor assured the public and lawmakers that the newly appointed Board of Directors would take its oversight responsibilities seriously.

He emphasised that the board would ensure that the bank’s operations are conducted with the utmost efficiency and that value for money is achieved in all undertakings.

“The new board will exercise its oversight responsibilities efficiently and ensure value for money in all our undertakings,” he said.

The Governor was before a committee of Parliament to answer questions on the cost of the Bank of Ghana’s new headquarters.

Source: myjoyonline.com