The Finance Minister, Dr. Cassiel Ato Forson, has lauded the recent performance of the Ghanaian cedi, describing it as exceptionally resilient in the face of global economic pressures.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson declared, “Cedi no apicki,” highlighting the cedi’s stability and appreciation in recent months.
According to him, the local currency is gaining strength against major foreign currencies, particularly the U.S. dollar and the British pound.
“The cedi, which began 2025 at around GH¢15 to the dollar, is now trading at approximately GH¢10.45 on the interbank market,” the Minister revealed.
He attributed the rebound to stronger macroeconomic indicators, increased export earnings, and renewed investor confidence.
“This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” he said.
Dr. Forson reaffirmed the government’s commitment to preserving these gains.
“We will continue to implement prudent policies to preserve the value of our currency, reduce inflation, and ensure economic stability for all,” he assured.
Source: Adomonline.com
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