Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has highlighted the recent appreciation of the Ghana cedi as a key sign of economic progress. Speaking during the inauguration of the Governing Board of the Ghana Gold Board (GoldBod) in Accra on May 19, 2025, Dr. Forson noted that the cedi’s performance reflects a fundamental shift in Ghana’s financial direction.
According to Dr. Forson, the cedi has appreciated by 16.7% against the US dollar as of May 13, 2025. This stands in stark contrast to the 13.4% depreciation recorded during the same period in 2024. He emphasized that this turnaround has positioned the cedi as the top-performing global currency in April 2025, signaling investor confidence and improved macroeconomic stability.
The Finance Minister attributed the currency’s resurgence to well-coordinated economic policies enacted by the Ministry of Finance and the Bank of Ghana. These included strict monetary discipline and proactive fiscal strategies, supported by favorable global financial conditions. The central bank’s liquidity control measures also played a crucial role in the currency’s rebound.
Dr. Forson expressed optimism that this momentum will continue, thanks in part to the newly inaugurated GoldBod. He stressed that the Board’s efforts in managing Ghana’s gold resources and contributing to foreign exchange reserves would further stabilize and boost the cedi’s value over time.
In conclusion, Dr. Forson underscored that Ghana’s economic revival is gaining traction, with the cedi’s appreciation serving as both a symbol and a result of strategic policy implementation. He reaffirmed the government’s commitment to sustaining this progress through continued collaboration and innovation in fiscal and monetary governance.
Source: Citi newsroom