Ato Forson: Ghana cedi’s rise signals a sustainable economic reset

Finance Minister Dr. Cassiel Ato Forson says Ghana's currency gains show economic transformation.

He highlighted the cedi's 16.7% appreciation in 2025. Dr. Forson called it the "top-performing currency in April." This indicates Ghana's return to macroeconomic strength.

He noted a significant change from the 13.4% depreciation in 2024. The performance is due to strong policies and global market dynamics.

Dr. Forson praised the Ministry of Finance for its disciplined fiscal stance. He emphasized prudent public finance management as key to success.

He also commended the Bank of Ghana for its tight monetary policy. This collaboration helps manage liquidity effectively.

Importantly, the cedi's rally has not harmed Ghana’s reserves. "Our foreign exchange reserves reached a record high in April 2025," he stated. This shows that gains are sustainable, not just cosmetic.

Dr. Forson pointed to gold exports, cocoa revenues, and remittances as vital for stability. He urged the new Goldbod Board to enhance Ghana’s forex gains.

"This shift will challenge traditional models," he warned. It may lead to inaccurate projections about the cedi's potential.

He called for unity in national development and support for President John Dramani Mahama’s economic reset efforts.