BoG Governor pledges to restore financial strength amid ₵53 billion bailout need

Bank of Ghana Governor Dr. Johnson Asiama has pledged to restore the financial strength and credibility of the central bank. Speaking at the inauguration of the Board of Directors on March 13, 2025, he assured that the board would work diligently to rebuild confidence and uphold price stability.

His remarks followed Finance Minister Dr. Ato Forson’s disclosure that the BoG requires a GH₵53 billion bailout due to its negative equity. Dr. Asiama emphasized the need for strategic measures to tackle inflation and fiscal constraints while ensuring sound governance.

Vice President Prof. Naana Jane Opoku-Agyemang urged the board to align its policies with the government’s economic agenda, stressing that the bank’s performance is crucial to Ghana’s financial recovery and long-term stability.