The newly sworn-in Governor of the Bank of Ghana (BoG), Dr Johnson Asiama has said that one of his priority areas is the need to reverse the Bank of Ghana's negative equity position.
He expresses the view that a reversal of the negative equity will maintain financial stability, credibility, and public trust.
In this vein, he said they will seek to re-examine the Bank's non-core operations where savings could be made.
We shall adopt several austere measures to help reduce the Bank's operational costs and achieve cost efficiency. "Additionally, we will craft very clear policies to return the Bank's negative equity to positive equity in the medium term," he said during his swearing-in by President John Dramani Mahama on Tuesday, February 25.
