Don’t rush to change your dollars – Mahama on cedi stability

President John Dramani Mahama addressed concerns about the Ghanaian cedi. He urged Ghanaians not to panic. The Bank of Ghana is closely monitoring the situation.

While speaking in Accra, Mahama discussed his 24-Hour Economy policy. He acknowledged public anxiety over the cedi's depreciation.

Mahama dismissed claims that the cedi would reach one city per dollar. He said this would harm the export sector significantly.

He expressed confidence in the central bank’s ability to manage fluctuations. If the cedi falls too low, he believes they will intervene.

Mahama reassured Ghanaians not to worry about converting foreign currency. He advised those who haven't exchanged their dollars yet to wait and see how things develop.