Cedi’s surge marks the beginning of sustainable economic reset – Ato Forson

Finance Minister Dr. Cassiel Ato Forson has praised the recent rise of the Ghana cedi. He sees it as more than just a currency recovery. He believes it signals a sustainable economic reset.

Dr. Forson noted that the cedi appreciated by 16.7% in 2025. He called it the "top-performing currency in April." This performance shows a broader macroeconomic improvement.

He pointed out that this is a big change from the 13.4% depreciation seen in 2024. The gains are due to strong fiscal discipline and teamwork between the Ministry of Finance and the Bank of Ghana.

“The Ministry of Finance has maintained a disciplined fiscal stance,” Dr. Forson said. He added that the central bank's tight monetary policy helped too.

In April 2025, Ghana’s foreign exchange reserves hit a record high. This dispels fears that the cedi's strength might be temporary. “Our foreign exchange reserves reached a record high,” he stated, emphasizing sustainability.

Dr. Forson mentioned gold exports, cocoa revenues, and remittances as key sources of stability. He urged the newly inaugurated Goldbod Board to help strengthen the cedi further.

“This shift will challenge traditional models,” he warned, noting potential inaccuracies in projections about the cedi's future.

He concluded by calling for national unity to support economic recovery efforts. “Let us help propel President John Dramani Mahama’s ongoing reset of Ghana’s economy,” he urged everyone.