Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has cautioned against currency speculation, saying those who hoarded foreign exchange last year suffered losses as the cedi rebounded strongly.
Speaking at The Money Summit 2026, Madam Asante-Asiedu said the lessons from 2025 were clear for industry players who bet against the local currency.
“We all saw the lessons plainly last year. Those who bet against the cedi and hoarded foreign currency soon found themselves on the wrong side of the trade, unwinding at a loss,” she said.
She pointed to the cedi’s performance through 2025, describing it as “one of the world’s strongest recoveries,” backed by credible policy, strong reserves, and positive market sentiment.
“Therefore, the fundamentals of this economy do not reward speculation against our currency,” the Deputy Governor stated.
She said sustaining the cedi’s strength requires joint action beyond the central bank.
“Our charge now is to sustain it, and this is not a burden for the Bank of Ghana alone. We all need to clear a path to make the economy work, not only for today but also for posterity,” she said.
She added: “At the Bank of Ghana, we play our part without hesitation. I invite you all.”
