Dr Vladimir Antwi Danso, Senior Fellow, Institute of Economic Affairs has predicted the Ghana cedi will relapse by December.
He noted that Ghana must try to be an export economy for the cedi to stabilise.
According to Dr Vladimir Antwi Danso, the cedi is not being stabilized permanently.
Speaking to the media, Dr Vladimir Antwi Danso stated, “We must try and be an export economy, and that is the only way you stabilise your currency, that is the only way you will make the other currency lower or stronger.
What we are doing we are not stabilizing permanently we will relapse by December I believe. I am saying this from a Technical point of view, I am not doing politics with it”.
He added, “What I am trying to say is that it is not yet a hurray for the Cedi kind of appreciation”.
Meanwhile, Dr Johnson Asiamah, the Governor of the Bank of Ghana has revealed that the Central Bank is not using international reserves to support the cedi.
According to Dr Johnson Asiamah, the Ghana cedis have appreciated by 24.1%.
The BoG boss has also brushed off claims that the Central Bank is deliberately manipulating the exchange rate to drive the recent appreciation of the Cedi.
He further revealed that the recent cedi appreciation is not backed by the Central Banks international reserves but through disciplined monetary policy, improved remittance flows, and enhanced market surveillance.
On Monday, May 26, 2025, speaking at the Ghana CEO Summit held in Accra Dr. Asiamah detailed, “Our Cedi has appreciated by 24.1% against the US dollar. Let me emphasise that the Central Bank is not using international reserves to support the Cedi, nor are we engineering an appreciation, of the Cedi that will not be sustainable,
It is all market-driven, and the strengthening of the currency reflects a blend of disciplined monetary policy tailored to forex auction reforms, enhanced remittance channels and stricter market surveilling.
These are not short-term interventions they are deliberate, structural changes aimed at ensuring long-term stability,” he added.
Watch the video below:
Cedi appreciation: “We are not stabilizing permanently (the cedi), we will relapse by December…”- Dr. Vladimir Antwi Danso, Senior Fellow, Institute of Economic Affairs #JoyNews pic.twitter.com/eempeyJMcn
— JoyNews (@JoyNewsOnTV) May 27, 2025
