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Finance Minister Dr. Cassiel Ato Forson has commended the recent surge in the Ghana cedi’s value, calling it a clear indicator of a positive shift in the country’s economic direction.
Speaking during the inauguration of the Governing Board of the Ghana Gold Board (GoldBod) in Accra on Monday, May 19, Dr. Forson highlighted that the cedi had gained 16.7% against the US dollar as of May 13, 2025—a stark contrast to the same period last year.
“As of May 13, 2025, the Ghana cedi has solidified its position as the standout performer among global currencies, achieving a remarkable 16.7% appreciation against the US dollar year-to-date,” he stated.
He noted that this improvement represents a complete turnaround from 2024, when the cedi had depreciated by 13.4% over the same period. “This marks a significant reversal from the 13.4% depreciation observed in the same period of 2024, with the cedi earning recognition as the top-performing currency in April 2025,” he added.
Dr. Forson attributed the cedi’s gains to the joint efforts of the Bank of Ghana and the Finance Ministry, pointing to a combination of tight monetary policy and improved liquidity management.
“This rally stems from a robust policy framework, underpinned by synchronized monetary and fiscal measures, as well as a favorable global context. The central bank, in close collaboration with the Ministry of Finance, has adopted a stringent monetary policy, complemented by aggressive liquidity sterilization,” he explained.
He also expressed optimism that the Ghana Gold Board would play a vital role in maintaining and further improving the cedi’s stability.
“The activities of the GoldBod stand to further strengthen this performance. In fact, it will change how both the Ghana cedi and Ghana’s foreign exchange accumulation will behave in the future,” Dr. Forson said.
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