Ghana’s Finance Minister, Dr. Forson, is sending a clear message to the business community: the cedi is here to stay. In a recent stakeholder engagement with the Food and Beverage Association of Ghana (FABAG) in Accra, Dr. Forson reassured attendees that the cedi’s recent gains are not just a flash in the pan, but a sign of sustained economic stability.
According to Dr. Forson, the cedi’s resurgence is a result of disciplined macroeconomic planning, fiscal responsibility, and increased investor confidence. This has led to a significant appreciation of the cedi, with the currency rising by an impressive 16% in April alone. In fact, the cedi is now the world’s best-performing currency for the month, as reported by Bloomberg.
Currently trading at GH¢13.29 to the US dollar, the cedi has come a long way from its earlier levels above GH¢16. Dr. Forson’s reassurance to the business community is a welcome relief, as many have been concerned about the cedi’s stability in recent years.
With the cedi now on a steady upward trajectory, businesses in Ghana can look forward to a more stable economic environment. Dr. Forson’s message is clear: Ghana is open for business, and the cedi’s resurgence is a sign of good things to come. So, let’s raise a glass to Ghana’s economic stability and continued
Ghanaflare.com
