Albert Nat Hyde commonly known as Bongo Ideas has heaped praises on Finance Minister Dr Cassiel Ato Forson.
Bongo Ideas noted that Ato Forson in four months in office as finance minister has moved the dollar to cedi down from 17 cedis to 14 cedis.
According to him, the Ghanaian cedis is now expected to hit 12 cedis by mid-year something the former finance minister Ken Ofori-Atta and former vice president Dr Mahamudu Bawumia who was touted by the NPP as an economic Wizkid and messiah could not do.
In a post on x Bongo Ideas wrote, “ 4 months in office, Ato Forson has moved the dollar down from 17ghc to 16ghc to 15ghc & now at 14ghc and this is projected to hit 12ghc by mid year! Ofori-Atta & Bawumia couldn’t accomplish half of this in 8 years.
Fiscal discipline! Aban Papa Aba!”.
Some Ghanaians have reacted to news of the cedi dropping to the dollar saying, “ When leadership is disciplined in their spending and prioritizes financial stability, it absolutely reflects in the cedi’s performance”.
Another stated, “ The stability of the dollar be solid waa”.
One stated, “Bro, It’s good to see progress, but let’s stay grounded. Currency strength is influenced by many factors—policy, global trends, and investor confidence. If this holds long-term, then we talk legacy. For now, cautious optimism is wiser than blind celebration”.
“Herr! U dem for lash u bad, you no dey do ur homework. USD never went up 17ghc”, another netizen added.
Additionally, another Ghanaian stated, “I know if the Goldbod is managed well as envisaged, it will drop even further. Can’t wait to see it drop to a point where our salaries will make some sense”.
Meanwhile, Dr Cassiel Ato Forson had earlier declared he believes that the Ghanaian Cedi will do well.
According to Ato Forson, he has faith in the Cedi, based on the fundamentals and the work that they have done so far.
He asserted that the Mahama government is committed to maintaining a strong currency through sound economic policies and fiscal discipline.
Speaking in an interview with Channel One TV on Wednesday, 12 March, Ato Forson stated, “I have faith in the Cedi. I believe that the Cedi will do well based on the fundamentals and the work that we have done so far. I believe that the Cedi will perform well”.
Ato Forson’s comments come following the Bank of Ghana governor Dr Johnson Asiama warning that the recent decline in Treasury Bill (T-Bill) rates could lead to a depreciation of the Cedi.
The finance minister despite the concern insisted that the fundamentals of the economy, coupled with the measures implemented by the government, would sustain the Cedi’s strength.
Additionally, checks on Google and the Bank of Ghana daily exchange rate flyer on April 25, 2025, show the Cedi is trading at GH¢14.70 to the US dollar.
See the post below:
4 months in office, Ato Forson has moved the dollar down from 17ghc to 16ghc to 15ghc & now at 14ghc and this is projected to hit 12ghc by mid year! Ofori-Atta & Bawumia couldn’t accomplish half of this in 8 years.
Fiscal discipline! Aban Papa Aba! pic.twitter.com/OgUxztVxjt
— Albert Nat HYDE (@1BongoIdeas) April 25, 2025
