Mahama Pledges to Protect Bank of Ghana’s Independence for Economic Stability
President Mahama underscores that a strong, independent central bank is essential for economic stability, investor confidence, and long-term growth in Ghana
- Mahama emphasizes the government’s commitment to protecting the Bank of Ghana’s autonomy
- An independent central bank is vital for controlling inflation, stabilizing the exchange rate, and boosting investor confidence
- Safeguarding central bank independence is crucial for Ghana’s sustainable economic development
President John Dramani Mahama has reaffirmed the government’s commitment to preserving the autonomy of the Bank of Ghana, calling it a key pillar of effective economic management.
Speaking at the Currency Anniversary Conference on Tuesday, November 18, President Mahama highlighted that a professional, credible, and independent central bank is crucial for maintaining macroeconomic stability and public trust.
“A core principle of sound economic management is a central bank that is independent, credible, and professionally insulated. The Government of Ghana is fully committed to safeguarding the independence of the Bank of Ghana,” he stated.
The President added that a strong and autonomous central bank is essential for anchoring inflation expectations, stabilizing the exchange rate, boosting investor confidence, and ensuring long-term policy credibility.
“Safeguarding central bank independence is not just a principle—it is an economic necessity vital for Ghana’s growth and stability,” Mahama emphasized.
