Finance Minister assures Parliament Ghana Cedi will soon stabilise significantly

Ghana's Finance Minister, Ken Ofori-Atta, addressed Parliament with an optimistic outlook regarding the stabilization of the Ghanaian cedi. He assured lawmakers that ongoing government measures are set to significantly improve the currency’s value against major foreign currencies. The minister emphasized that recent economic policies and interventions are beginning to yield positive results, which he believes will soon restore confidence in the cedi.

Ofori-Atta acknowledged the difficulties faced by citizens due to inflation and currency volatility but expressed hope that a more stable economic environment is on the horizon. He cited collaborative efforts between various financial institutions and stakeholders as pivotal in these stabilization efforts.

However, he also urged Ghanaians to remain patient, emphasizing that while progress is being made, it may take time for substantial changes to be felt at the consumer level. The Finance Minister's statements come amid growing concerns about rising living costs and the impact of economic fluctuations on everyday life for many Ghanaians. His assurance reflects a commitment to addressing these challenges head-on as part of a broader national economic strategy.