Finance Minister Dr Cassiel Ato Forson has declared that the Ghanaian cedi is no longer depreciating, citing its recent strong performance against major foreign currencies.<\/p>\n
Addressing Parliament during the presentation of the 2025 mid-year budget review on Thursday, July 24, the Minister remarked, \u201cCedi no apicki\u201d, to emphasise the local currency\u2019s stability and appreciation in recent months.<\/p>\n
Dr Forson noted that the cedi, which began the year at around GH\u00a215 to the US dollar, has strengthened significantly to trade at approximately GH\u00a210.45 on the interbank market.<\/p>\n
He attributed this recovery to improved macroeconomic fundamentals, increased export inflows, and renewed investor confidence in Ghana\u2019s economy.<\/p>\n
\u201cThis performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,\u201d he told Parliament.<\/p>\n
He also indicated that the cedi\u2019s appreciation is already contributing to price stability, with marginal reductions observed in the prices of some imported goods.<\/p>\n
The Finance Minister assured Ghanaians that government remains committed to sustaining the gains achieved so far.<\/p>\n
\u201cWe will continue to implement prudent policies to preserve the value of our currency, reduce inflation, and ensure economic stability for all,\u201d Dr Forson added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finance Minister Dr Cassiel Ato Forson has declared that the Ghanaian cedi is no longer depreciating, citing its recent strong performance against major foreign currencies. Addressing Parliament during the presentation of the 2025 mid-year budget review on Thursday, July 24, the Minister remarked, \u201cCedi no apicki\u201d, to emphasise the local currency\u2019s stability and appreciation in […]<\/p>\n","protected":false},"author":123457,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3525,41],"tags":[1715],"class_list":["post-11885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general-news","tag-finance-minister-3"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11885"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885\/revisions"}],"predecessor-version":[{"id":11888,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885\/revisions\/11888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}