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Finance Minister Dr. Cassiel Ato Forson has given strong assurances that the Ghanaian Cedi will continue to hold its ground against major international currencies, thanks to strategic government measures aimed at boosting foreign reserves.
Speaking in Parliament on Wednesday, June 4, during the debate on the Energy Sector Levy Amendment Bill, 2025, Dr. Forson highlighted that earnings from the Ghana Gold Board will be channeled directly to the Bank of Ghana to help build reserve buffers and support the local currency.
“I want to assure the people of Ghana that the Cedi will remain strong. It is performing well, and this positive trend will continue,” he told the House. “The NDC is committed to ensuring currency stability.”
He revealed that in its first month of operations, the Ghana Gold Board purchased 11.4 tonnes of gold in May alone, generating $1.2 billion. These funds have been transferred to the central bank to help stabilize the currency.
“This money is now with the Bank of Ghana and will be used to build reserves and support the Cedi. Prices are falling, inflation is declining, and we are seeing daily reductions in the cost of goods. This trend will continue,” he added.
Dr. Forson reaffirmed his pledge to drive down prices, maintain a strong currency, and create employment opportunities, outlining these as key elements of the government’s economic strategy.
He also dismissed suggestions that the current exchange rate stability is simply a result of reduced government spending, insisting that sound economic policy is behind the progress.
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