The Bank of Ghana (BoG) has reaffirmed its commitment to maintaining macroeconomic stability and promoting discipline in the foreign exchange market during an engagement with members of the UK-Ghana Chamber of Commerce (UKGCC).
The meeting, held at Bank Square in Accra on Monday, February 23, 2026, formed part of the central bank’s ongoing efforts to deepen dialogue with the private sector on recent regulatory measures affecting the foreign exchange (FX) market.
Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, said the central bank places high value on continuous engagement with the business community to ensure that its monetary and regulatory policies are well understood and aligned with market realities.
He stressed that businesses play a vital role in shaping monetary policy outcomes and noted that such platforms offer the BoG an opportunity to clarify its policy intentions while also receiving constructive feedback from industry players.
Addressing concerns raised by some members of the business community, the Governor explained that the recent guidelines issued under the Foreign Exchange Act, 2006 (Act 723), are intended to enhance transparency, strengthen compliance and improve efficiency within the FX market. He assured participants that implementation would remain pragmatic and would not stifle legitimate business operations.
Dr. Asiama further indicated that the FX measures are part of a broader policy framework anchored on tight monetary policy and prudent fiscal management. According to him, these efforts have already begun yielding positive results.
He pointed to a significant drop in inflation from 23.8 percent in December 2024 to 3.8 percent in January 2026 as evidence of improving macroeconomic conditions. He also cited rising business confidence, easing financial conditions and a gradual recovery in private sector credit as signs of economic turnaround.
“The evidence of these policy impacts is palpable,” he stated, adding that the central bank remains focused on consolidating the gains achieved over the past year to ensure a stable and predictable environment for trade and investment.
Dr. Asiama also acknowledged the strategic importance of the UKGCC, describing the Chamber whose membership comprises more than 230 companies across various sectors as a key channel for UK investment into Ghana and a major stakeholder within the country’s private sector.
He assured members of the BoG’s continued openness to dialogue, constructive feedback and collaboration, noting that sustained engagement is essential to building a resilient, competitive and stable economy over the long term.
