Tuesday, September 30, 2025
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
No Result
View All Result

Financial Stability Council pledges sweeping reforms

Ghana’s Financial Stability Council unveils major reforms to safeguard economic resilience

NewsCenta by NewsCenta
July 4, 2025
in Business
0
T-Bills auction
Share on FacebookShare on Twitter

The newly reconstituted Financial Stability Advisory Council l (FSC) has pledged a renewed commitment to coordinated reforms across Ghana’s financial sector, following its maiden meeting under the new executive structure.

The meeting, held on June 9, 2025, was the Council’s 22nd session since its formation but the first since its reconstitution by presidential authority under Article 58 of the Constitution.

You might also like

Treasury Bills undersubscription

Treasury Bills undersubscribed by 37.5% as Cedi weakens

September 29, 2025
China Ghana trade

China-Ghana trade hits $11.8bn in 2024

September 27, 2025

Dr. Asiama chairs revamped Council

The Council is chaired by Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana, and includes major stakeholders and regulatory leaders from the Ministry of Finance, National Insurance Commission, Securities and Exchange Commission, National Pensions Regulatory Authority, and the Ghana Deposit Protection Corporation.

In a statement released by the FSC Secretariat and shared with the Ghana News Agency, the Council emphasized its goal of strengthening sector sustainability and resilience amid domestic and international economic challenges.

Buffer building, oversight, and legacy issues

According to the statement, the Council deliberated on rebuilding financial buffers, tackling legacy challenges in the financial system, and improving coordinated oversight among regulators.

Dr. Asiama, addressing the media after the meeting, reaffirmed the Council’s central role in maintaining macroeconomic balance.

“We are determined to foster a sound, stable, and innovative financial sector that supports the real economy and drives inclusive growth,” he said.

Crisis preparedness and technical coordination

The Council also reviewed strategies to strengthen technical coordination and boost crisis preparedness across regulatory agencies.

Established in 2018, the FSC is structured around three operational pillars in identifying systemic financial risks, coordinating regulatory supervision and enhancing crisis response mechanisms.

Supporting these functions are the FSC’s Technical Committee and several specialized working groups, tasked with ensuring proactive and agile oversight.

Council expected to play pivotal stabilising role

With its renewed mandate, the Financial Stability Advisory Council is expected to play a pivotal role in fortifying Ghana’s financial architecture, especially as the country navigates a dynamic and often volatile global financial environment.

More detailed updates, including sector-specific interventions, are expected to be published in upcoming FSC communiqués.

Post Views: 152
Tags: Bank of GhanaDr Johnson AsiamahFinancial Stability Council
NewsCenta

NewsCenta

Related Stories

Treasury Bills undersubscription

Treasury Bills undersubscribed by 37.5% as Cedi weakens

by NewsCenta
September 29, 2025
0

Ghana’s Treasury bill auction ended in undersubscription last week, with investors bidding a total of GH¢3.49 billion against the government’s...

China Ghana trade

China-Ghana trade hits $11.8bn in 2024

by NewsCenta
September 27, 2025
0

Trade between Ghana and China reached a record high of US$11.8 billion in 2024, reinforcing China’s position as Ghana’s largest...

World Bank IMF

World Bank urges Ghana to quit IMF cycle

by NewsCenta
September 27, 2025
0

The World Bank has urged Ghana to chart a bold new course toward economic transformation by breaking its cycle of...

World Bank COVID

World Bank didn’t deny COVID, Ukraine war impact – APL

by NewsCenta
September 26, 2025
0

The Africa Policy Lens (APL), a think tank led by distinguished economists, has moved to clarify a growing public misconception...

Recommended

Prisoners feeding grant

Govt increases prisoners’ daily feeding grant from GH¢1.80 to GH¢5

September 30, 2025
Agyarko NPP

Boakye Agyarko declares bid for NPP Chairmanship

September 30, 2025
YouTube Trump Capitol

YouTube to pay $24.5m to settle Trump lawsuit over Capitol riot

September 30, 2025

Popular Story

  • Songs Daddy Lumba

    See the list of over 200 songs Daddy Lumba released

    743 shares
    Share 297 Tweet 186
  • Gold-backed policies since 2021 driving economic gains — BoG

    714 shares
    Share 286 Tweet 179
  • 10 of top 11 causes of death killing more men in Ghana

    699 shares
    Share 280 Tweet 175
  • Bissue floors High Court and OSP at Supreme Court

    690 shares
    Share 276 Tweet 173
  • Monday, May 26, 2025 Newspaper Headlines

    684 shares
    Share 274 Tweet 171
NewsCenta

Newscenta is a Ghana-based news organisation publishing in print (The Newscenta Newspaper) and on a digital media platform (newscenta.com) dedicated to delivering timely and impactful news across various sectors, including politics, business, economy, technology, and culture.

  • About Us
  • Contact Us
  • Health
  • Education
  • Mining
  • Energy
  • Telecoms
  • Agriculture
  • Opinion
  • Trade
  • Newspaper Headlines

© 2025 All Rights Reserved NewsCenta.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Newspaper Headlines
  • Business
  • Agriculture
  • Education
  • Sports
  • Tech
  • Opinion

© 2025 All Rights Reserved NewsCenta.

Connect with us