2026 ACI World Congress: In Accra, a quiet reframe of how emerging markets see themselves
Dr. Johnson Asiama, Bank of Ghana Governor, gave a welcome address on Thursday at the ACI Financial Markets Association World Congress in Accra. He argued "that financial markets are being redesigned, and that emerging economies are no longer on the receiving end of that redesign."
In December 2022, inflation peaked at 54.1%. By April 2026, inflation was at 3.4%, reserves were above US$13.9 billion, and the policy rate was down 1,400 basis points since early 2025. Asiama said decisions taken at the Bank of Ghana and the Ministry of Finance were "not comfortable. They were the correct ones." Ghana's e-Cedi has cleared its pilot phase, with cross-border and wholesale applications being designed. Ghana's Virtual Asset Service Providers Act, passed in 2025, is being operationalised.
The Bank of Ghana is deepening cross-regulatory work with the Securities and Exchange Commission and the Ghana Stock Exchange. The Bank has been working with regional partners on fintech licence passporting.
Quick Summary
At the ACI World Congress in Accra, central bank governors discussed financial markets. The focus was on how emerging economies are redesigning them - but the implications are still unclear.
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