By: Ashiadey Dotse
The Finance Minister, Dr. Cassiel Ato Forson, has emphasized that the recent appreciation of the cedi reflects sound and deliberate economic planning rather than a temporary boost.
Speaking during a meeting with leaders of the Food and Beverage Association of Ghana (FABAG), Dr. Forson assured stakeholders that the cedi’s steady rise is the outcome of strategic policy decisions implemented by the government.
“What you are seeing, the appreciation of the cedi will not only continue but will be sustained,” Dr. Forson said confidently.
In the past few weeks, the cedi has gained value against major foreign currencies. The interbank exchange rate now stands at GH¢13.29 to the US dollar, improving from over GH¢16 earlier this year.
Dr. Forson stressed that stabilizing the cedi, reducing inflation, and creating jobs have been his main goals since taking office. He urged businesses and citizens to support the government’s efforts.
“This is not a nine-day wonder,” he emphasized. “There will be stability, the cedi will be stronger, and we expect you to support these efforts so that Ghanaians can feel the impact.”
His comments come as Ghana works with the International Monetary Fund (IMF) to improve the economy. A recent agreement with the IMF is expected to bring in about $370 million to support the country’s recovery plans.
Dr. Forson says the government will continue to take steps to ensure that the cedi remains strong and the economy stays on the right path.
