The Bank of Ghana (BoG) is set to receive government support for its recapitalisation, following significant balance sheet strain from the Domestic Debt Exchange Programme (DDEP). Governor Dr. Johnson Asiama announced this at the 128th Monetary Policy Committee (MPC) press briefing on January 28, 2026, saying discussions with the government have been constructive.
The government had previously ruled out using taxpayer funds for recapitalisation, citing a ¢53 billion package under the former administration. However, Dr. Asiama emphasized that recapitalisation is necessary for policy credibility and operational independence.
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Discussions with government have been fruitful, and there is support to help repair the Bank’s balance sheet,” Dr. Asiama said. He stressed that restoring BoG’s capital position will aid in delivering its mandate of price stability, financial sector supervision, and macroeconomic management.
The Governor also reported progress in commercial banking sector recapitalisation, with two banks given until March 2026 to comply with requirements.
