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    Home»News Updates»Real sector indicators pointing to pickup in economic activities – Governor
    News Updates

    Real sector indicators pointing to pickup in economic activities – Governor

    ZamZam UpdateBy ZamZam UpdateMay 29, 2025No Comments3 Mins Read
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     The Governor of the Financial institution of Ghana, Dr John­son Asiama, has acknowledged that the present financial information and actual sector indicators are all pointing to a pickup in financial actions.

    He mentioned on the identical time, the expansion outlook remained largely sturdy.

    Talking on the ninth Ghana CEO Summit and Expo, in Accra on Monday the Governor mentioned the financial efficiency was pushed by exports, credit score to the personal sector, and building actions.

    “One other essential indicator, which reveals that issues have picked is the Ghana Buying Managers’ Index, which rose above the 50-benchmark as out­put while new orders elevated, signaling improved development professionals­pects,” the Governor mentioned.

    Dr Asiama’s handle centered on “Financial coverage, monetary stability and innovation: Anchor­ing Ghana’s financial reset for sustainable development”.

    The Governor revealed that the most recent confidence survey had reached the best in seven years, primarily resulting from “easing infla­tionary pressures and optimism about macroeconomic condi­tions”.

    Dr Asiama additionally insisted that his outfit was not utilizing its inter­nationwide reserves to help the cedi or to engineer an apprecia­tion of the native forex.

    “The strengthening of the forex displays a mix of dis­ciplined financial coverage, tailor-made FX public sale reforms, enhanced remittance channels, and stricter market surveillance not mere short-term interventions,” he mentioned.

    The Governor additionally an­nounced that the choice to overview the Money Reserve Ratio re­quirement efficient June 5 2025, ought to “help higher FX threat alignment and encourage extra environment friendly liquidity planning”.

    He additionally assured the Chief Ex­ecutives on the summit that “we stay alert to exterior vulnera­bilities – from disinflation diver­gence in world monetary markets to the proposed 5 per cent U.S. tax on outbound remittances”.

    He added that “These dangers remind us that vigilance continues to be required”.

    The Governor additionally an­nounced that the Financial institution of Ghana was exploring the creation of a Financial institution of Ghana-CEO Discussion board, which might be “a structured platform to foster well timed dia­logue, collect market intelligence, and enhance coverage alignment”.

    The Governor famous that the central financial institution was drawing inspira­tion from greatest practices, including, “he U.S. Federal Reserve, regardless of its complexities at the moment, has lengthy relied on regional CEO councils for real-time suggestions.”

    “This isn’t about co-author­ing coverage, however it’s about making certain that our insurance policies are knowledgeable by a grounded understanding of how they impression funding, credit score, and enterprise,” he mentioned.

    The Governor of the Financial institution of Ghana additionally talked about a mod­ern, clear, and predictive financial coverage framework, credible overseas change market anchored in sound reserves and decreased volatility as a number of the precedence areas for the banking sector.

    The Governor famous that “These priorities replicate not simply institutional accountability, however the calls for of our time.”

     BY TIMES REPORTER



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