ACCRA, Jan. 27 (Xinhua) -- Bank of Ghana Governor Johnson Asiama has said that efforts to maintain stability will serve as the litmus test for monetary policy in 2026.
During the first Monetary Policy Committee meeting of the year, Asiama said on Monday that the central bank feels the actual work to sustain the early gains has just begun, instead of basking in the success of last year's measures to restore macroeconomic stability and credibility in the Ghanaian economy.
Key macroeconomic indicators showed that Ghana's inflation rate declined further to 5.4 percent in December 2025, down from 23.8 percent a year earlier, with reserves growing to 13.8 billion U.S. dollars from 8.9 billion a year earlier.
Also, the country's current account balance is in a surplus of about 8.1 percent of the gross domestic product (GDP), up from 4.4 percent of the GDP a year before.
"These outcomes confirm that recent policy choices are yielding results and that policy credibility has been restored. But this meeting is not about touting the successes but about analyzing the data to assess whether stability will be guaranteed going forward," the governor stressed.
According to him, the core issues are not about whether conditions have improved. "It is about how we respond to that improvement and how we ensure that decisions taken today remain robust under scrutiny tomorrow," he added. ■