Economist Daniel Amarteye Anim has called on the government to prioritize strengthening the Bank of Ghana’s reserves to safeguard the economy against future financial pressures.
Speaking to ABC News GH, Mr. Anim highlighted the importance of boosting foreign exchange inflows to prepare for the upcoming fiscal year and ensure the country is better equipped to handle increased demand.
He emphasized that proactive measures are critical to avoid economic instability, especially in the face of potential global or domestic challenges.
Mr. Anim also cautioned against celebrating too soon after the Ghana Statistical Service reported a decline in inflation to 21.2% in April 2025. “Celebration is too early,” he remarked, urging that while the improvement in inflation rates is a positive sign, it should not lead to complacency.
He pointed out that the reduction in inflation could be largely attributed to growing trust in the new government, adding, “We hope they are able to keep that momentum moving forward.”
Mr. Anim stressed that the government must adopt a long-term, strategic approach to strengthen the country’s financial reserves and ensure sustainable economic growth. While the current inflation reduction is encouraging, he warned that careful planning is necessary to address potential challenges in the future.
