Prof. Joshua Yindenaba Abor Shares Lessons for Macroeconomic Stability at the National Bank of Rwanda–IGC Conference
Prof. Joshua Yindenaba Abor of the University of Ghana Business School (UGBS) participated as a panellist at the National Bank of Rwanda (NBR) in partnership with the International Growth Centre (IGC) Annual Research Conference, where he contributed to discussions on strengthening economic resilience across Sub-Saharan Africa. The conference was held on 18th June 2026 at Kigali, under the theme, “From Vulnerability to Resilience: Fiscal, Monetary, and Structural Policy Priorities for Sub-Saharan African Economies,” and brought together policymakers, researchers and practitioners to deliberate on strategies for building resilient and sustainable economies across the region. The conference provided a platform for exchanging ideas on economic policy and regional development while encouraging evidence-based approaches to addressing emerging economic challenges across Africa.
During the conference, Prof. Abor shared perspectives drawn from Ghana’s recent macroeconomic experiences and adjustment efforts, highlighting lessons that could support Rwanda and other African economies in addressing debt sustainability, inflation management and external vulnerabilities. As part of his presentation, he outlined three critical lessons from Ghana’s experience. The first focused on the importance of enforcing strict fiscal anchors to strengthen fiscal discipline and promote long-term economic stability. Secondly, he explained the need to safeguard central bank independence as a key mechanism for maintaining policy credibility and anchoring inflation expectations. Thirdly, he emphasised the importance of expanding export bases and building stronger foreign exchange reserves to reduce vulnerability to external shocks and support economic resilience.
Prof. Abor with other speakers at the NBR- IGC Annual Research Conference
Looking ahead over the next three to five years, Prof. Abor indicated that one of the most important policy priorities for Rwanda and other African countries would be strengthening macroeconomic resilience through improved coordination between fiscal and monetary policy. He noted that this is necessary for maintaining price stability while pursuing structural transformation, including climate-smart reforms and driving export and private sector-led growth. Prof. Abor expressed appreciation to the Governor, Director of Monetary Policy, Director of Research and the entire National Bank of Rwanda team for the opportunity to contribute to the discussions and engage with policymakers and practitioners at the conference. Prof. Abor is a former Dean of UGBS and a member of the Monetary Policy Committee of the Bank of Ghana.
Cross-session of the NBR- IGC Annual Research Conference in Kigali, Rwanda