Finance Minister Dr. Cassiel Ato Forson has declared a turning point for the Ghanaian cedi, stating that the local currency is no longer depreciating and has, in fact, posted strong gains in recent months.
Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Forson confidently stated, “Cedi no apicki”—a colloquial expression meaning “the cedi is no longer falling”—to underscore the currency’s recent appreciation and stability.
According to the Finance Minister, the cedi, which started the year trading at around GH¢15 to the US dollar, has strengthened significantly to approximately GH¢10.45 on the interbank market.
He attributed the cedi’s recovery to improved macroeconomic indicators, increased export revenues, and growing investor confidence.
“This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” Dr. Forson told the House.
He noted that the currency’s appreciation is already yielding benefits for consumers, with some imported goods experiencing marginal price reductions as a result.
Dr. Forson assured Ghanaians that the government remains committed to preserving the value of the cedi through prudent economic management.
“We will continue to implement responsible policies to sustain this momentum, reduce inflation, and ensure long-term economic stability for all,” he added.
