Cedi surges 37% against dollar; BoG vows to maintain stability

Governor of the Bank of Ghana, Dr. Johnson Asiama, has reaffirmed the central bank’s commitment to implementing sound policies to maintain exchange rate stability and consolidate recent gains.

His assurance comes as the Ghana cedi continues its strong rally, appreciating by 37 percent against the US dollar as of October 17, 2025, amid improved market confidence and tighter monetary management.

Speaking at the launch of the Cedi@60 celebrations in Accra, Dr. Asiama said the Bank of Ghana remains focused on sustaining confidence in the local currency and strengthening the foundation for long-term economic stability.

The Cedi has appreciated by 37 percent as at October 17 and according to the World Bank it is the world’s best currency in Sub-Saharan Africa. This gain is not by accident. They are the result of hard and sometimes unpopular policies. Fiscal consolidation by government, tight monetary policy stance by the Bank of Ghana and renewed confidence in the investor community and the public. As we celebrate 60 years of the Cedi, as your central bank our mandate remains unchanged.”

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