Mahama attributes Cedi stability to strong economic policies and rising reserves

President John Dramani Mahama has linked the recent recovery of the Ghanaian Cedi to effective economic policies. He also noted increased foreign exchange inflows. He dismissed claims that this recovery is merely a coincidence.

Speaking at the Ghana–EU Business Forum in Accra, he shared key statistics. Ghana’s gross international reserves rose from $8.9 billion in December 2024 to $10.6 billion by April 2025.

He explained that these improved reserves have helped stabilize the cedi and boost investor confidence. “The cedi’s performance is not by chance,” President Mahama stated.

“It results from deliberate fiscal and monetary measures, along with increased inflows.” These actions have strengthened financial buffers and shown economic resilience.

The President highlighted that this rebound is part of a broader economic recovery trend. It reflects growing investor trust and a return to macroeconomic stability.

The Ghana–EU Business Forum focused on enhancing trade and investment ties. The theme was “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy.”

Policymakers, business leaders, and development partners from both regions attended the forum. The goal is to strengthen ties in emerging sectors beyond traditional exports.

President Mahama reaffirmed Ghana’s commitment to boosting economic cooperation with the EU. He stressed the importance of sustainable investments and value addition across key sectors of the economy.