The Representative of the Bank of Ghana (Bog), Dr. Johnson Asiama, has guaranteed that the nation has built the essential buffers to withstand outside dangers to the economy, especially from the continuous Iran-Israel war in the Center East.
According to Dr. Asiama, “Ghana’s remote save position, swelling direction, and monetary alteration endeavors give a strong pad for the nation now.”
He made this divulgence at the Ghana Affiliation of Banks’ Industry Thought Administration program, themed “Banking the Final Mile: An Industry-Led Procedure for Quickening Advanced Finance.”
Monitoring the Situation
Dr. Asiama said the Bank of Ghana is closely checking the circumstance and its potential impact.
“I wish to guarantee the open that Ghana’s macroeconomic buffers are more grounded nowadays than they have been in later years,” he reiterated.
He moreover declared that Ghana is effectively locks in with universal accomplices to stay responsive to any outside shocks.
He included, “The Bank stands prepared to take judicious and pre-emptive measures to protect Ghana’s financial solidness and secure the advance we’ve made.”
Middle East Pressure and Ghana
The Chief Official of the Ghana Chamber of Oil Showcasing Companies, Dr. Riverson Oppong, final week told JOYBUSINESS that oil costs might begin rising from July 1, 2025, if unrefined oil costs on the universal showcase proceed to increment due to the Iran-Israel war.
This seem conclusion the reliable decrease in costs of petroleum items at the pumps, which started in February 2025.
As of June 16, oil costs have begun falling—from around US$78 prior in the week to roughly US$74 a barrel.
President John Mahama has as of late coordinated the Priests of Back and Vitality to rapidly actualize measures to moderate the anticipated stuns to Ghana’s economy.
“Despite the work we have done in balancing out the economy, Ghana is not resistant from the stuns of worldwide events,” he said.
JOYBUSINESS gets it that a few of the measures seem be declared some time recently the Mid-Year Budget Audit. Sources near to government say a few alternatives are as of now being considered.