Quality of Financial System Determined by how Openly Leaders Confront Risk by Adapt to Change

Quality of Financial System Determined by how Openly Leaders Confront Risk by Adapt to Change

From Ernest Best Anane

Dr.Johnson Asimah, Thh Governor of  Bank of Ghana  has emphasized that the quality of a financial system is determined by how openly its leaders confront risks and adapt to change. He highlighted Ghana’s improved macroeconomic conditions, with inflation declining to 3.8% in January 2026, driven by tight monetary policy, fiscal consolidation, and exchange rate appreciation.

The Governor outlined key focus areas for 2026, including:

Credible, Predictable Monetary Policy Reinforcing market confidence through policy continuity and transparency.

– *Preventive Financial Supervision Addressing vulnerabilities before they pose systemic threats.

-Deepened Market Conduct and Price Discovery*: Strengthening reforms for orderly price discovery and disciplined market behavior.

-Strong Digital Finance and Consumer Protection, Enhancing oversight of fintech ecosystems.

Institutionalized Strategic National Initiatives*: Transitioning emergency measures to permanent frameworks.

The Bank of Ghana aims to strengthen the banking sector’s underlying architecture, focusing on diversification, cyber resilience, and institutional deepening. The recent passage of the Bank of Ghana (Amendment) Act, 2025, and the Virtual Asset Service Providers Act, demonstrates commitment to policy credibility and regulatory frameworks