Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the government is implementing decisive measures to stabilize the Ghanaian Cedi against major foreign currencies.
Addressing Parliament on March 18, Dr. Forson acknowledged the ongoing depreciation of the cedi but highlighted signs of improvement in recent weeks.
“Mr. Speaker, as of 14th March 2025, the Cedi had depreciated by 5.3% against the US dollar, compared to 5.7% over the same period in 2024,” he noted. He attributed the recent stability to interventions by the Bank of Ghana since February 19.
Despite these efforts, the cedi remains above GH₵15.5 per dollar, sparking concerns among businesses and consumers. However, Dr. Forson reaffirmed the government’s commitment to policies aimed at strengthening the currency and ensuring economic stability.
His remarks come amid growing pressure on the government to address inflation and exchange rate volatility, which continue to impact trade and the cost of living.