Dr Cassiel Ato Forson the finance minister has revealed that the performance of the Ghana cedi has not come at the cost of Ghana’s safety net.
According to Ato Forson, Ghana’s foreign exchange reserves at the Bank of Ghana reached a record high in April 2025, surpassing targets set under the IMF-supported programme ahead of schedule.
The finance minister yesterday, 19 March 2025 inaugurated the Board of Directors of the Ghana Gold Board.
Dr Cassiel Ato Forson in an X post stated, “But the unprecedented performance of the Ghana cedi has not come at the cost of our safety net. In fact, our foreign exchange reserves at the Bank of Ghana reached a record high in April 2025, surpassing targets set under the IMF-supported programme ahead of schedule”.
The finance minister also asserted that the activities of the Goldbod stand to further strengthen the performance of the cedi.
He wrote, “The activities of the Goldbod stand to further strengthen this performance. In fact, it will change how both the Ghana cedi and Ghana’s foreign exchange accumulation will behave in the future.
This paradigm shift will challenge traditional models reliant on old patterns, potentially leading to inaccurate projections and missing the true potential of the cedi.
I wish to assure the Ghanaian public and our stakeholders, that the outlook for the Ghana cedi remains robust and sustainable, supported by the transformative activities of the Goldbod”.
He added, “As of May 13, 2025, the Ghana cedi has solidified its position as the standout performer among global currencies, achieving a remarkable 16.7% appreciation against the US dollar year-to-date.
This marks a significant reversal from the 13.4% depreciation observed in the same period of 2024, with the cedi earning recognition as the top-performing currency in April 2025.
This rally stems from a robust policy framework, underpinned by synchronized monetary and fiscal measures, as well as a favourable global context”.
The finance minister revealed that the central bank in close collaboration with the Ministry of Finance, has adopted a stringent monetary policy, complemented by aggressive liquidity sterilization.
He added that the Ministry of Finance has implemented a disciplined fiscal stance anchored around prudent public finance management.
See the post below:
GPRTU and other commercial transport operators to reduce fares by 15%…#GHOneNews #EIBNetwork#GHOneTV #NewsAlert #KasapaFM pic.twitter.com/ACoUvHX6aI
— GHOne TV (@ghonetv) May 19, 2025
