The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has delivered a message of shared responsibility, asserting that “the Ghana we want” cannot be achieved through government effort alone.
Addressing a distinguished audience at the opening ceremony of the University of Ghana’s 77th Annual New Year School and Conference (ANYSC) on Tuesday, January 6, 2026, the Governor used the platform to pivot from technical macroeconomic policy to a broader vision of national unity and collective sacrifice.
In a speech that balanced fiscal transparency with patriotic appeal, Dr. Asiama argued that while the state can provide the framework for stability, the ultimate success of the Republic depends on the active participation of all citizens and institutions.
“Development is achieved through sustained efforts, through sound institutions and through collective responsibility,” Dr. Asiama declared. “In the past, year 2025 was about restoring confidence in the economy. Then the year 2026 must be about putting that confidence and with judgment in service of a more resilient, inclusive and competitive Ghanaian economy.”
The Governor illustrated his point by discussing the Domestic Gold Purchase Programme (DGPP).
He revealed that the programme was birthed during a period of “acute vulnerability” to rescue the Cedi and replenish foreign exchange buffers.
While the Bank of Ghana carried the financial burden of this “national strategic policy,” he insisted that its long-term sustainability now requires a broader base of support.
“Responsibility will be shared in such a way that sustainability does not rest on any single institution,” he noted, referring to the evolution of the Gold Board from a central bank initiative into a national priority involving the Ministry of Finance and market practitioners.
Dr. Asiama detailed several 2025 refinements aimed at making the gold program more transparent and efficient, including:
- Cancellation of G4O (Gold-for-Oil): Moving toward more market-driven structures.
- Risk Management: Reducing settlement risks through “payment before release” requirements.
- Informed Debate: The Governor explicitly called for “diverse perspectives” and “evidence-based analysis” from the public and academia to help refine these critical programs.
As the New Year School—a cornerstone of Ghanaian intellectual discourse—commences, the Governor challenged participants to look beyond the state for solutions.
He emphasized that the stability achieved in 2025 must now be leveraged by the private sector and civil society to build a competitive economy.
“I look forward to the insights that will emerge from this conference and to continued engagement as we collectively, collectively build the Ghana we want. Thank you for your attention,” he concluded.
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