BoG Governor Uses BIS Platform to Share Ghana's Economic Recovery Lessons with Africa

The Governor of the Bank of Ghana, Dr Johnson Asiama, has urged African policymakers to draw on Ghana's recent economic experience as a guide for developing more resilient domestic debt markets across the continent.

Speaking at the Bank for International Settlements (BIS) Roundtable of Governors from African Central Banks, held in Basel on Saturday, 27th June 2026, Dr Asiama said Ghana's journey from economic crisis to recovery carries important lessons for the broader African financial landscape. "Ghana's economic journey from crisis to recovery offers important lessons on the growing role of domestic debt markets in strengthening resilience while safeguarding financial stability," he told fellow central bank governors.

Why Domestic Debt Markets Matter

Dr Asiama stressed that as African governments increasingly turn to domestic borrowing to fund development and meet fiscal obligations, building deeper, more efficient and diversified capital markets has become a pressing priority. He argued that robust domestic debt markets are central to reducing economic vulnerabilities, widening financing options and supporting sustainable long-term growth across Africa.

The BoG Governor further noted that strengthening local capital markets would enhance countries' capacity to mobilise domestic resources, cut reliance on external borrowing and build greater resistance to global economic shocks — challenges that have tested many African economies in recent years.

Platform for Continental Exchange

The BIS roundtable gathered central bank governors from across Africa to deliberate on macroeconomic trends, financial sector resilience and key policy priorities. The forum also served as an opportunity for governors to share experiences and coordinate approaches to strengthening monetary and financial systems at a time of shifting global economic conditions.

Ghana has been working its way back from a severe economic downturn that led to a sovereign debt restructuring programme, and Dr Asiama's remarks signal Accra's intent to position that hard-won experience as a continental reference point for economic reform and market development.