Governor of the Bank of Ghana (BoG), Dr Erenst Addison has said the central bank will continue to monitor emerging risks in the economy and respond with prudent policy interventions.
This will ensure that the BoG's key objectives of safeguarding the price and financial stability mandate are protected and continue to outperform the programme target.
Dr Addison further stated that the BoG also remains committed to ensuring exchange rate flexibility in the management of our foreign exchange market and help to mitigate shocks. "We have also focussed on our financial stability mandate and continue to monitor progress of banks toward implementing their post-debt exchange ecapitalisation plans.
Most banks are ahead of schedule in their recapitalisation efforts," he said during a Joint Press Conference for the 2023-2026 ECF Third Review Mission in Accra on Friday, October 4.