The Asantehene, Otumfuo Osei Tutu II, has called on Ghana’s economic managers to remain vigilant and push further on key fronts, even as the country enjoys notable progress in economic stability.
Speaking during a courtesy visit to the Bank of Ghana’s new headquarters in Accra on Wednesday January 7,2026, the Asantehene welcomed the recent improvements in macroeconomic conditions including gains in the cedi and a downward trend in inflation but stressed that the early signs of stability must not lead to complacency.
“I hope the attention paid to the cedi does not mean we are relegating the second mandate of the Bank which has to do with interest rate. We need to find ways to address other challenges,” he said.
The Asantehene acknowledged that a more stable currency brings hope and confidence, but argued that high borrowing costs remain a significant barrier to business growth and job creation.
He challenged the central bank to explore ways to reduce interest rates to help the private sector thrive and drive sustainable development.
“A sound economy cannot be achieved through government investment alone,” he added, urging monetary policymakers to focus on lowering the cost of credit to unlock productive activity and private investment.
During the visit, the Bank of Ghana’s Governor highlighted the progress the economy has made, particularly with improvements in economic fundamentals and price stability.
Nonetheless, the monarch’s remarks served as a reminder that stability must translate into real-world economic benefits for businesses and households alike.
The Asantehene’s intervention comes at a critical moment as Ghana balances recent economic gains with ongoing structural challenges particularly in access to affordable finance and sustainable private sector-led growth.
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Source: www.myjoyonline.com
