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Cedi appreciation due to strengthened economic fundamentals – BoG Governor

 


The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has credited the recent appreciation of the Ghanaian cedi to four key economic pillars, highlighting improved policy coordination and renewed investor confidence as instrumental to the currency’s stability.

Addressing the business community at the Graphic Business/Stanbic Bank Breakfast Meeting held in Accra on Tuesday, 15th July, Dr. Asiama explained that the cedi’s gains are being supported by robust external buffers, prudent monetary policy, coordinated fiscal consolidation, and growing investor optimism.

It has strengthened significantly, supported by robust external buffers, prudent monetary policy, coordinated fiscal consolidation, and renewed investor confidence," he said.

"We now have to move from stabilisation to sustainability and from headline gains to real sector benefits," he added.

Dr. Asiama underscored that the strengthened economic fundamentals are contributing to a more resilient macroeconomic environment.

The event brought together stakeholders from across the financial, business, and policy sectors to deliberate on strategies for consolidating Ghana’s economic progress.

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