Finance Minister Dr. Cassiel Ato Forson has confidently dismissed concerns that the recent appreciation of the Ghanaian cedi is temporary, stating it is the result of deliberate and strategic economic planning.
Addressing the leadership of the Food and Beverage Association of Ghana (FABAG), Dr. Forson assured stakeholders that the cedi’s recent gains are not a passing trend but a sign of sustained economic recovery.
“What you’re seeing, the appreciation of the cedi is not a fluke. It will continue, and it will be sustained,” he affirmed.
He attributed the cedi’s strong performance to careful economic management and policy interventions designed to stabilise the currency and restore investor confidence.
“This is not a knee-jerk reaction. The stability and strength of the cedi are anchored in sound planning,” he added.
The local currency has recently strengthened significantly, with the interbank rate improving to GH¢13.29 per US dollar from over GH¢16 earlier this year.
Dr. Forson reiterated his ministry’s focus on stabilising the economy, reducing inflation, and creating jobs.
“This is not a nine-day wonder. The stability is real, and we urge your support so every Ghanaian can feel the progress,” he said.
His comments follow Ghana’s recent staff-level agreement with the IMF, paving the way for a $370 million disbursement to support ongoing economic reforms.
