In a move aimed at strengthening institutional collaboration and technical cooperation, the Bank of Ghana and the Central Bank of Liberia have signed a Memorandum of Understanding (MoU) to support capacity building and the provision of technical assistance.
The agreement was signed on February 13, 2026, by the Second Deputy Governor of the Bank of Ghana, Matilda Asante Asiedu.
Speaking at the signing ceremony, Ms. Asante Asiedu noted that the two institutions have, over the years, developed a strong relationship grounded in mutual respect, shared aspirations, and productive cooperation. She emphasized that, as sister central banks, both institutions recognise the growing importance of collaboration and knowledge-sharing in an increasingly complex global economic environment.
“Today marks a historic milestone in our relationship as we formally deepen and strengthen it through the signing of this Memorandum of Understanding,” she stated.
She explained that the MoU reflects a collective commitment to delivering effective technical assistance, advancing capacity-building initiatives, and providing mutual support across key areas of central banking operations.
Key Areas of Cooperation
Under the agreement, the MoU covers a wide range of core and emerging central banking functions, including:
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Macroeconomic forecasting and policy analysis
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Monetary policy analysis and operations
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Reserve management and gold purchase operations
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On-site examination and off-site supervision of commercial banks
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Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
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Central bank communication strategies
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Central bank digital currency and cryptocurrency
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Currency design, printing, minting, and management
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Application of artificial intelligence to central banking activities
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Any other mutually beneficial areas that may emerge as the partnership evolves
Ms. Asante Asiedu underscored that the partnership is built on the belief that collective strength outweighs individual capacity.
“By formalising our collaboration through this MoU, we are establishing a structured framework for knowledge transfer, technical cooperation, and institutional development that will benefit both our central banks,” she said.
She further expressed optimism that continued high-level support would ensure the success of the partnership, describing the agreement as a forward-looking step toward stronger, more resilient central banking institutions in the sub-region.
