Governor of the Bank of Ghana, Johnson Pandit Asiama, has said that although Ghana’s macroeconomic indicators have shown significant improvement, the year 2026 will be a critical test of the country’s policy discipline and economic credibility.

Opening the 128th Monetary Policy Committee (MPC) meeting on Monday, January 26, 2026, Governor Asiama noted that recent gains in the economy should not breed complacency.

“All the economic indicators look good, but the improved conditions remind us that the work has only begun and that more effort is needed to lock in stability,” he stated.

The Governor disclosed that inflation has declined to 5.4 per cent, while Ghana’s gross international reserves have increased to approximately US$13.8 billion.

He said these developments signal a gradual return of confidence in the economy.

However, Governor Asiama emphasised that the central bank’s focus remains on sustaining the gains made so far, rather than celebrating short-term improvements.

He explained that the Monetary Policy Committee would exercise careful judgment as it considers the next steps in policy direction.

Key areas for assessment include the pace of policy adjustment, foreign exchange stability, and the impact of the Domestic Gold Purchase Programme on the economy.

The Governor also highlighted the importance of data integrity and consistency, particularly as Ghana prepares for an upcoming review under the International Monetary Fund (IMF) programme.

The 128th MPC meeting is expected to review domestic and global economic conditions and determine the appropriate monetary policy stance to support macroeconomic stability and sustainable growth.