The Asantehene has urged economic managers to avoid becoming complacent

The Asantehene, Otumfuo Osei Tutu II, has urged Ghana’s economic managers to stay alert and keep making strides on key issues, even as the nation experiences significant progress in economic stability.

During a courtesy visit to the Bank of Ghana’s new headquarters in Accra on Wednesday, January 7, 2026, the Asantehene praised recent improvements in macroeconomic conditions, such as gains in the cedi and a decline in inflation. However, he cautioned that these early signs of stability should not lead to complacency.

“I hope the focus on the cedi doesn’t mean we’re neglecting the Bank’s second mandate, which involves interest rates. We also need to find ways to tackle other challenges,” he said.

The Asantehene noted that while a stable currency inspires hope and confidence, high borrowing costs still pose a major obstacle 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.

Still, the monarch’s comments were a reminder that stability needs to bring tangible economic benefits to both businesses and households. The Asantehene’s input comes at a crucial time, as Ghana works to balance recent economic progress with persistent challenges, especially in securing affordable financing and driving sustainable, private sector-led growth.

Source: Accra Business News