Cedis Should Be Trading at GHS8 Against Dollar With BoG’s Huge Intervention- Minority
The Minority in Parliament has stated that the current cedi-to-dollar exchange rate does not reflect the interventions by the Bank of Ghana (BoG).
Addressing the press on November 14, 2025, former Finance Minister Mohammed Amin Adam said the cedi should by now be trading at GHS8 to $1.
“Despite these burdensome and costly interventions, which have reduced the cedi’s value from approximately GHS14 on 6th January 2025 when the NPP left government, to almost GHS11 per dollar, the gains remain disappointingly modest and fundamentally unsustainable. With the significant billions of Dollars of interventions, we expected the rate to be at GHS8 to a Dollar.”
He noted that this is due to the unnatural fundamentals, as the currency strength cannot be purchased.
He recalled how a forex intervention restriction by the IMF in the era of the previous administration was removed at the end of the year in 2024, giving way for the Bank to inject “massive sums of forex into the market from the reserves that were accumulated” by the current government.
Story by Hajara Fuseini
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