Finance Minister Dr. Cassiel Ato Forson has declared that the Ghanaian cedi is no longer depreciating, attributing its recent appreciation to effective fiscal and monetary measures.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson confidently stated, “Cedi no apicki.”
He pointed out that the cedi, which started the year trading at around GH¢15 to the US dollar, has now firmed up to approximately GH¢10.45 on the interbank market.
According to him, this turnaround is largely due to the impact of prudent economic management, increased export earnings from gold and cocoa, and consistent remittance inflows.
He added that the cedi’s improved strength is contributing to price stability in the economy, with slight decreases already being recorded in the cost of certain imported goods.
Dr. Forson assured the House that government is committed to maintaining the momentum and building on the gains achieved.
“This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” he told Parliamentarians.
