Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has called on the media to exercise accuracy, balance and proper context in economic reporting, warning that poorly explained information during periods of adjustment can undermine public confidence and destabilise markets.
Addressing journalists at the Bank of Ghana’s 2026 New Year Media Engagement in Accra on January 16, Dr Asiama said economic information carries significant weight and that incomplete or sensational reporting could heighten uncertainty for households and businesses.
“In periods of adjustment, incomplete or poorly contextualised reporting can unintentionally heighten uncertainty or undermine confidence, with real consequences for households and businesses,” the Governor stated.
He stressed that the Bank was not seeking compliance from the media but responsibility, explaining that scrutiny and constructive questioning were necessary to strengthen public institutions and deepen understanding of monetary and financial policy.
“Our expectation is not compliance but responsibility — accuracy, balance and context. Our commitment, in return, is openness, engagement and respect for your constitutional role,” he said.
Dr Asiama described 2025 as a challenging year that demanded difficult policy decisions, discipline and restraint, noting that the media played a critical role in helping Ghanaians understand the rationale behind painful economic choices.
According to him, the Bank’s policy approach is guided by three core principles: data-driven decision-making, prioritising stability over speed, and collective institutional judgment rather than individual discretion.
“We do not respond to pressure, speculation or sentiment. We respond to evidence, risks and the medium-term outlook for price and financial stability,” he said.
He said these principles helped the Bank restore macroeconomic stability in 2025, including rebuilding confidence in monetary policy, strengthening the banking sector and restoring order in the foreign exchange market through rules-based reforms.
The Governor noted that the introduction of a structured FX auction framework, enhanced market oversight and improved reporting mechanisms contributed to better price discovery and reduced distortions in the forex market.
He also pointed to progress in the banking sector, where regulatory reforms, stronger stress testing and improved supervisory practices helped reinforce resilience and discipline across the financial system.
Looking ahead, Dr Asiama said 2026 would be a year of consolidation, with the Bank focused on embedding reforms, preventing risks and ensuring stability translates into durable confidence rather than short-lived gains.
“Quality over quantity will define our work strong institutions, disciplined markets and policies that endure,” he said.
As part of efforts to deepen engagement with the media, the Governor announced plans to expand media training programmes and introduce a dedicated forum for editors, producers and presenters, in addition to launching the Governor’s Economic and Financial Story of the Year Award.
The winning journalist, he said, would be sponsored to attend the IMF/World Bank Meetings, as part of efforts to encourage accurate and insightful economic reporting.
Dr Asiama reaffirmed the Bank’s commitment to transparency and collaboration, stressing that trust in central banking is built through consistency, integrity and open communication with the public.
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The post BoG Calls for Responsible Economic Reporting to Safeguard Market Confidence appeared first on The Ghanaian Chronicle.
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