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The Bank of Ghana has outlined a set of strategic measures aimed at strengthening its financial position over the medium term as part of broader efforts to support economic stability in the country.
Speaking before the Parliamentary Committee on Economy and Development on March 9, 2026, Governor Johnson Pandit Asiama said the central bank’s strategy focuses on improving income generation, managing operational costs, and strengthening the resilience of its reserve assets.
According to the Governor, the Bank’s income outlook is expected to improve gradually as its earning assets are repriced over time.
“As domestic securities and foreign reserve assets mature and are replaced, they will be reinvested at prevailing market yields. This natural portfolio turnover will support a gradual recovery in investment income,” Asiama told lawmakers.
He also noted that ongoing improvements in reserve asset management are expected to further enhance investment returns.
“As global interest rate conditions evolve and the Bank’s reserve portfolio is actively managed, returns on foreign assets are expected to improve, strengthening the Bank’s income position,” he added.
The Governor explained that cost pressures related to liquidity management are likely to decline as macroeconomic conditions stabilise.
“As inflation declines and policy interest rates gradually normalise, the interest expense associated with absorbing excess liquidity in the banking system will also decline naturally,” he said.
Asiama also highlighted operational improvements in the central bank’s Domestic Gold Purchase Programme, noting that these adjustments have already helped reduce the programme’s cost structure.
He added that the initiative has become an important national programme supporting reserve accumulation and external sector stability, with the Government of Ghana expected to share part of the associated costs going forward.
“These improvements are expected to reflect more fully in the Bank’s financial position from 2026 onward,” he explained.
The Governor further stated that a more stable exchange rate environment would help reduce accounting costs related to gold purchases and minimise valuation fluctuations in foreign currency assets.
“While exchange rate movements can produce accounting valuation effects in the Bank’s financial statements, a more stable exchange rate environment helps reduce the magnitude of such effects over time,” he said.
According to the Bank of Ghana, the combined impact of these measures is expected to progressively strengthen the central bank’s financial resilience in the years ahead.
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