Speaking at the maiden Bank of Ghana–Bank of England Pan-African Central Bank Governors’ Conference in Accra, Dr. Asiama said the evolving financial ecosystem is testing the resilience and relevance of traditional central banking.

“We are facing unprecedented and unique pressures that demand a radical shift in operations, focus, and capability,” he told the gathering of governors and financial leaders from 23 countries. “We must adapt swiftly and boldly or risk losing relevance.”

He noted that while the core mandates of central banks—maintaining price stability, financial soundness, and economic growth—remain unchanged, the environment in which these goals are pursued has changed dramatically.

“The rapid adoption of technology, AI, and digital payment systems is putting pressure on how the central bank ensures safety and control. The context in which we execute our mandate is evolving rapidly.” he said.

Dr. Johnson Asiama’s comments come amid growing debates about the role of digital currencies, cross-border fintech innovation, and the regulation of AI-driven financial systems.

It also highlight a growing concern among policymakers that the rise of digital finance and artificial intelligence could outpace regulatory frameworks, leaving central banks struggling to maintain stability and trust.

Dr. Johnson Asiama, who delivered the keynote address at the two-day conference, also shed light on the mounting complexities of central banking in today’s economic environment. He identified five key challenges that test leadership at the highest level — including the need to balance economic goals with political realities.

“We are asked to deliver price stability, ensure financial soundness, and still support growth — all amid imperfect data and impatient citizens. At the same time, we operate in the crossfire of expectations: governments seeking growth, markets seeking signals, and the public seeking relief,” he said.

Dr. Asiama’s remarks set the tone for the two-day conference, which brings together policymakers, regulators, and financial experts to explore how central banks can safeguard stability while adapting to a fast-changing world.

Pan-African Central Bank Governors’ Meeting

The Bank of Ghana and the Bank of England are jointly hosting a two-day Pan-African Central Bank Governors’ Conference from November 10 to 11, 2025.

The conference brings together governors, deputy governors, and senior advisors from 23 central banks across Africa and beyond to discuss how monetary authorities can remain credible and effective in an era of volatility, digital disruption, and evolving public expectations.

Held under the theme “Central Bank Governance: Leadership, Credibility, and Resilience in African Central Banking,” the conference is part of the long-standing Bank of Ghana–Bank of England Technical Cooperation Programme, which focuses on building institutional capacity and enhancing central banking excellence across the continent.