“Cedi no Apicki”- Finance Minister
The Minister for Finance, Cassiel Ato Forson, has posited that the cedi has made an all-time significant improvement under the watch of the Mahama administration.
Per his records, as of the end of June 2025, the cedi appreciated by 42.6% against the US dollar, 30.3% against the British pound and 25.6% against the euro.
“This is a significant improvement over the cedi depreciation of 18.6%, 17.9% and 16.0% against the US dollar, British pound and Euro, respectively,” he said while reading the 2025 Mid-year budget on July 24.
According to him, the government has almost reversed all the cedi depreciation in 2022, 2023 and 2024.
“This level of appreciation has never happened in the history of our country. Ghana cedi no apicki.”
He cited strong fiscal consolidation, tight monetary policy, improved external sector balance, renewed investor confidence, positive market sentiments, credit rating upgrades, and successfully securing staff-level Agreement and subsequently the board-level approval of the IMF for the gains.
He believes this will be sustained through fiscal discipline, supportive monetary policy, robust reserve accumulation supported by the activities of the Goldbod and credible Implementation of structural reforms.
