{"id":341608,"date":"2025-12-29T21:01:17","date_gmt":"2025-12-29T21:01:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/341608\/"},"modified":"2025-12-29T21:01:17","modified_gmt":"2025-12-29T21:01:17","slug":"ghanas-economic-recovery-gains-momentum-as-financial-sector-deepens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/341608\/","title":{"rendered":"Ghana’s economic recovery gains momentum as financial sector deepens"},"content":{"rendered":"

\"Dr <\/a>Dr Johnson Asiama is the Governor of the Bank of Ghana<\/p>\n

Ghana\u2019s economy is showing strong signs of recovery, with inflation falling to 6.3 per cent in November 2025, the lowest level in years and foreign reserves rising to US$11.4 billion.<\/p>\n

According to the <\/a><\/a>Bank of Ghana<\/a>, the reserve position provides nearly five months of import cover.<\/p>\n

The cedi has appreciated by more than 24 per cent year-to-date, supported by tighter monetary policy, improved fiscal discipline, and stronger external buffers.<\/p>\n

Economic activity has responded positively, with GDP growth reaching 6.3 percent in the first half of 2025, while non-oil growth accelerated to nearly eight per cent.<\/p>\n

Governor of the <\/a><\/a>Bank of Ghana<\/a>, Dr Johnson Asiama, said the gains reflect coordinated policy efforts following one of the most difficult macroeconomic episodes in recent history.<\/p>\n

\u201cJust three years ago, inflation surged to 54.1 percent, reserves fell to half a month of import cover, and confidence was severely eroded. Today, the recovery is real, measurable, and meaningful,\u201d he stated.<\/p>\n

Dr Asiama made the remarks at the listing of First Atlantic Bank on the Ghana Stock Exchange in Accra, following a successful Initial Public Offering (IPO).<\/p>\n

He emphasised that reform must follow recovery, describing the bank\u2019s listing as a critical step toward building economic resilience.<\/p>\n

\u201cBank listings broaden ownership, deepen accountability, and strengthen governance. They are not just capital-market exercises; they are stability instruments,\u201d he said.<\/p>\n

The Governor noted that Ghana\u2019s pension sector now holds over GH\u00a2100 billion in assets, creating significant opportunities for domestic investment beyond government securities.<\/p>\n

\u201cThe oversubscription of recent equity offers shows that when credible assets are available, domestic capital responds,\u201d he added.<\/p>\n

Dr Asiama called on more banks and corporates to access the equity market, stressing that a diversified ownership structure would reduce concentration risks and support sustainable growth.<\/p>\n

\u201cBy 2026 and beyond, deeper capital markets and broader domestic participation will enhance resilience and align the financial system with national development objectives,\u201d he said.<\/p>\n

The <\/a><\/a>Bank of Ghana<\/a> pledged continued collaboration with regulators, market operators, and institutional investors to encourage additional listings and strengthen overall financial stability.<\/p>\n","protected":false},"excerpt":{"rendered":"Dr Johnson Asiama is the Governor of the Bank of Ghana Ghana\u2019s economy is showing strong signs of…\n","protected":false},"author":2,"featured_media":341609,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-341608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/341608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=341608"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/341608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/341609"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=341608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=341608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=341608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}