Ghana’s recent transition from economic hardship to recovery demonstrates why African nations must cultivate robust local debt markets, according to Bank of Ghana Governor Dr. Johnson Asiama.
Addressing the BIS Roundtable of Governors from African Central Banks in Basel on Saturday, June 27, 2026, Dr. Asiama drew from Ghana’s financial experiences to illustrate how domestic debt markets can reinforce an economy against shocks without compromising financial system stability.
“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,” Dr Asiama said.
According to him, because African governments are relying more heavily on local borrowing to fund infrastructure and balance budgets, it is vital for financial regulators to focus on expanding and diversifying local capital markets.
Dr. Asiama added that highly functional internal debt markets remain essential for boosting economic endurance, expanding credit access, and fostering enduring economic progress throughout Africa.
The high-level gathering in Switzerland allowed central bank leaders from across the continent to discuss regional economic trends, financial system health, and upcoming policy agendas.
By: Rainbowradioonline.com/Ghana