The Bank of Ghana (BoG) is repositioning its policy focus towards rebuilding trust in the financial system and unlocking domestic capital, as it seeks to consolidate recent macroeconomic gains and push the economy into a stronger investment-driven phase.

Second Deputy Governor Matilda Asiedu-Asante, speaking at the Money Summit 2026 organised by the Business and Financial Times, said the next phase of Ghana’s recovery will depend less on stabilisation measures and more on how effectively the country mobilises internal resources for productive growth.

She said improvements in inflation, interest rates, and external reserves provide a foundation but stressed that these gains risk losing relevance if they do not translate into increased business activity and job-creating investment.

According to her, investor confidence is now a central policy concern, as perceptions of risk continue to influence borrowing costs and private sector expansion.

She argued that Ghana’s financial system holds significant untapped capacity that must be redirected towards productive sectors rather than remaining largely within passive savings channels.

Asiedu-Asante pointed to large pools of domestic liquidity, including pension funds, remittances, and capital market resources, as key financing sources that can support industrial and enterprise growth if properly structured.

She noted that the Bank of Ghana is working with financial institutions to design mechanisms that convert these funds into long-term investment for the real economy.

“We have over 100 billion in pension funds, in our capital markets and in remittances,” she said, calling for stronger financial products that connect savings to productive investment opportunities.

She also outlined ongoing reforms such as credit guarantee schemes, alternative credit assessment systems, and bank recapitalisation efforts, describing them as tools to widen access to credit and strengthen financial resilience.

The Second Deputy Governor emphasised that stability alone is not enough, adding that economic policy must now focus on ensuring that improved conditions are reflected in enterprise growth and household welfare.