Ghana cedi has been stable against US dollar since February 19 - Minister - Ghana Business News

Ghana's Finance Minister has reported that the Ghanaian cedi has maintained a stable exchange rate against the US dollar since February 19, 2025. This development marks a significant shift in the currency's performance, as it had previously faced volatility and depreciation challenges. The minister attributed this stability to effective monetary policies and interventions implemented by the Bank of Ghana aimed at enhancing market confidence and promoting economic resilience.

The government’s measures include increased foreign exchange reserves and regulatory frameworks designed to manage demand for dollars more effectively. Furthermore, the Finance Minister emphasized that this stability is crucial for fostering a favorable investment climate, essential for economic growth. Stakeholders in various sectors are optimistic that continued stability of the cedi will lead to improved business operations and consumer confidence.

As authorities monitor these trends closely, they remain committed to ensuring that fiscal discipline is maintained while addressing any underlying issues that could threaten this newfound stability. The overall outlook suggests cautious optimism as Ghana navigates its economic landscape amid global uncertainties.