Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has hailed the recent performance of the Ghana Cedi as historic and unprecedented, describing it as the strongest in the currency’s 60-year history.
Presenting the 2025 Mid-Year Fiscal Policy Review in Parliament, Dr. Forson said the following:
“It is the first time that this level of appreciation has been recorded in the 60-year history of the Ghana Cedi.”
According to him, as of the end of June 2025, the Cedi had appreciated by 42.6% against the US Dollar, 30.3% against the British Pound, and 25.6% against the Euro.
He contrasted this with the same period in 2024, when the Cedi depreciated by 18.6%, 17.9%, and 16.0% respectively against those currencies.
“So far, we have almost reversed all the Cedi depreciation in 2022, 2023 and 2024,” Dr. Forson added.
He said the government remains committed to macroeconomic stability and will continue to implement measures to consolidate the gains and restore confidence in the local currency.
Source: Finance Ministry
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