This is not a “Nine-Day Wonder”, the cedi will be stronger — Ato Forson Assures
The Minister of Finance, Dr. Cassiel Ato Forson, has assured Ghanaians and the business community that the recent appreciation of the Ghana cedi is not a temporary occurence but the outcome of deliberate and strategic economic management.
Speaking during a meeting with the leadership of the Food and Beverage Association of Ghana (FABAG), Dr. Forson reaffirmed the government’s commitment to sustaining the cedi’s stability and strength.
“I want to use this opportunity to assure all of you that what you are seeing — the appreciation of the cedi — will not only continue but will be sustained,” he stated.
Dr. Forson explained that the recent gains are not accidental but underpinned by sound economic planning and strategic interventions.
“The stability and appreciation you are witnessing is not a knee-jerk reaction; it is the product of careful, well-thought-out planning,” he said.
The Ghana cedi has appreciated significantly in recent weeks, with the interbank rate currently trading at GH¢13.29 to the US dollar, compared to over GH¢16 earlier this year.
The Minister reminded FABAG that the administration, upon assuming office, made currency stability, inflation reduction, and job creation key pillars of its economic strategy – and it remains firmly committed to achieving these objectives.
“This is not a nine-day wonder. There will be stability, the cedi will be stronger, and we expect you to support these efforts so that Ghanaians can feel the impact,” Dr. Forson emphasized.
The finance minister’s remarks come amid broader government efforts to restore macroeconomic stability and boost investor confidence.
Ghana recently reached a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of its IMF-supported programme. Once approved by the IMF Executive Board, the deal will unlock a disbursement of approximately $370 million to further support Ghana’s Economic recovery agenda.
