We remain committed to cedi’s stability to aid enforcement of all forex regulations- 1st Dep. Governor  

The Bank of Ghana (BoG) is committed to stabilizing the cedi.

This stability will help enforce current Foreign Exchange (forex) regulations.

Dr. Zakari Mumuni, the First Deputy Governor, shared this on PM EXPRESS BUSINESS Edition. The show airs at 9 pm today, May 15, 2025, on JOYNEWS.

He stated that stabilizing the cedi will reduce dollar demand. Businesses may also stop quoting prices in foreign currencies.

Dr. Mumuni emphasized that the BoG will enforce all regulations. He believes stabilization will make things easier for everyone.

He pledged to work hard to restore confidence in the Ghana cedi.

Sustaining Cedi’s Stability

Dr. Mumuni mentioned that the central bank has taken measures for stability.

This assurance comes as analysts question if the cedi's stability is sustainable.

He said, “This time it will be different.” The BoG has built reserves to support the local currency.

Many actions have been taken to boost market confidence, he noted.

He urged the public to trust BoG's measures for long-term stabilization and forex market confidence.

“We assure the public and businesses that there is no need to panic,” he concluded.