Finance Minister, Dr. Cassiel Ato Forson, has stated that the Ghanaian cedi has halted its decline and is now gaining strength against major global currencies.
Presenting the 2025 mid-year budget review in Parliament on Thursday, July 24, Dr. Forson declared, “Cedi no apicki”, highlighting the recent appreciation and stability of the currency.
He pointed out that the cedi, which traded at about GH¢15 to the US dollar at the start of the year, is now valued at approximately GH¢10.45 on the interbank market.
Dr. Forson credited this turnaround to stronger economic indicators, a rise in export earnings, and a boost in investor trust in the Ghanaian economy.
“This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” he told Parliament.
He further mentioned that the cedi’s strengthening is already helping to stabilise prices, noting a slight decline in the cost of some imported products.
The Minister gave his assurance that government will work to maintain the progress made.
“We will continue to implement prudent policies to preserve the value of our currency, reduce inflation, and ensure economic stability for all,” Dr. Forson added.
