President Nana Addo Dankwa Akufo-Addo has praised the Bank of Ghana (BoG) for its unwavering commitment to sound monetary and financial policies, which have been instrumental in fostering economic stability and growth.
Speaking at the Bank’s new headquarters’ inauguration in Accra, the president highlighted its vital role in addressing macroeconomic challenges and supporting socio-economic progress.
“These achievements are a reflection of the Bank’s steadfast dedication to maintaining stability and enabling inclusive, sustainable growth,” the president stated.
He noted key milestones achieved under the Bank’s leadership, including GDP growth of 6.9 percent in the second quarter of 2024 – a significant reduction of inflation from 54.1 percent in 2022 to 22.1 percent as of October 2024 – and a trade surplus of US$2.78 billion.
The Bank’s management of international reserves, now standing at US$7.5 billion, was also recognised as critical to navigating external shocks.
President Akufo-Addo further emphasised the new headquarters’ role in strengthening the Bank’s capacity to advance …