Mahama hints at ideal value of cedi, urges support for export sector

President John Dramani Mahama has consulted with the Finance Minister and the Governor of the Bank of Ghana. They discussed the current performance of the cedi.

Mahama stated that economic managers believe the cedi's "real value" should be between GH₵10 and GH₵12 to the US dollar.

He shared this information during a visit from the Federation of Ghanaian Exporters (FAGE). The discussions focused on export growth and foreign exchange stability.

The president highlighted the need for a strategic economic outlook. This outlook should support Ghanaian exporters and protect domestic industries from excessive imports.

Mr. Davies Korboe, president of FAGE, praised the government for recent improvements in the cedi's value. He is optimistic that collaboration among stakeholders can stabilize the currency. Higher export volumes could also promote long-term macroeconomic growth.

The meeting emphasized increased investment in the export sector. It called for renewed national commitment to industrialization and value addition.