Bank of Ghana Governor, Dr. Johnson Asiama, says Ghana’s economy has made a strong comeback after years of challenges, describing it as “back on track” thanks to months of disciplined policies and reforms.

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Speaking at the IMF/World Bank Governor Talk Series in Washington, D.C., under the theme “From Crisis to Confidence: Ghana’s Journey to Macroeconomic Stabilisation,” Dr. Asiama reflected on the country’s difficult past and the progress made so far.

“When we came in, the economy was in trouble. In 2022, we had a serious domestic debt issue, high inflation, and a fast-depreciating cedi. Ghana had also lost access to the international market and was depending heavily on local borrowing,” he said.

He added that there were even talks about cancelling Ghana’s IMF programme because many doubted the country could meet its targets.

“But I’m happy to say that eight months later, we have turned things around. Ghana is back,” Dr. Asiama declared.

He revealed that economic growth has improved, inflation has dropped sharply, and Ghana is now performing better than expected under the IMF programme. Inflation, which was 23.5% in January 2025, has fallen to 9.4% in September — the first single-digit rate in four years, beating the government’s 11.9% target.

Dr. Asiama assured that the Bank of Ghana will continue working to maintain stability and restore confidence in the economy.