Dr. Zakari Mumuni, First Deputy Governor, Bank of Ghana
First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has raised optimism in the sustained gains made by the Ghanaian economy over the past year into the new Mahama-led administration. He attributed these gains to decisive policies implemented by both the central bank and fiscal authorities leading to a sharp decline in the inflation from 23.8% in 2024 to 5.4% as at December 2025. Similarly, the Ghanaian cedi performed strongly against major global trading currencies recording its first annual appreciation since 1992.
Dr. Zakari, speaking at the launch and official unveiling of the ACI World Congress – Accra 2026 on Thursday, underscored the Bank of Ghana’s commitment in sustaining the economic recovery process through implementation of advanced reforms in the financial technology and foreign exchange markets. Reforms such as enactment of the Virtual Asset Service Providers Act, “which now provides a legal framework for regulating virtual assets in Ghana. And I see the Deputy Director General of SEC, whom we had to work closely with in the process of coming up with the bill,” he noted.
He added, “And looking ahead, Ghana’s economy is poised for sustained growth and stability. Fiscal discipline and prudent monetary policy will continue to anchor the macroeconomic performance going forward while structural reforms in energy, agriculture and technology are expected to drive productivity. Inflation is projected to remain within the target range and the cedi’s resilience will be supported by strong buffers and continuing strong external sector performance as well as improved investor confidence.”
Ghana currently has built foreign currency reserves in excess of US$13.8 billion which is the equivalent of 5.7 months of import cover and above the IMF programme target of 3 months of import cover by year end anchored on robust gold and cocoa exports. The IMF Executive Board in December 2025 completed its fifth review of Ghana’s programme leading to a disbursement of US$385 million, bringing up total disbursements so far to US$2.8 billion, where the IMF expressed general satisfaction in Ghana’s performance under the programme despite some delays in implementing complex structural reforms.
The second highest ranking executive of the central bank however assured stakeholders and economic actors of institutional commitment to engagement and partnership that will keep Ghana ahead of the curve. For members of ACI Ghana, he congratulated them for securing hosting rights for the ACI World Congress later in May this year marking a significant milestone for financial markets industry and Ghana as a whole. By the time of commencement in May, the congress will be first time in 17 years that sub-Saharan Africa is hosting financial markets players on the continent after South Africa in 2009. Dr. Zakari wished the group success at the conference and encouraged stakeholders to seize the opportunities that will be provided by the global event.