Finance Minister Dr. Cassiel Ato Forson has assured Parliament that the government is taking decisive steps to stabilize the Ghanaian Cedi against major foreign currencies.
Addressing lawmakers on March 18, he acknowledged the currency’s depreciation but noted that it has seen relative stability in recent weeks.
“Mr Speaker, as of 14th March 2025, the Cedi had depreciated by 5.3% against the US dollar, compared to 5.7% over the same period in 2024,” Dr. Forson stated.
He further explained that “the Cedi has, however, witnessed stability since 19th February, on the back of central bank forex interventions.”
Despite these measures, the Cedi continues to trade above 15.5 cedis to the US dollar, raising concerns among businesses and the public. However, the Finance Minister reaffirmed the government’s commitment to implementing policies that will strengthen the currency and maintain economic stability.
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