The Minority in Parliament has replied to the Finance Minister, Ato Forson, over claims that the Ghana cedi has picked up.
According to the minority in a press conference, Cedi no apicki, but Abochi get the Dollar.
The minority expressed concern about Ghana’s foreign exchange market under the Mahama-led government.
The minority painted a widening gap between official interbank rates and forex bureau rates, combined with a shortage of dollars in commercial banks.
They also revealed that importers are struggling to access foreign currency, hampering their operations.
Speaking at a press conference in Accra on Tuesday, July 29, Ranking Member on the Finance Committee, Dr. Mohammed Amin Adam stated, “Perhaps, the Minister should know that ‘Cedi no apicki, but Abochi get the Dollar”.
“It took the IMF to reveal that in just the first quarter of 2025, the Bank of Ghana injected over US$1.4 billion into the market,” he claimed.
He added, “Yet these interventions are ad hoc, opaque, and lack any transparent, rule-based framework.”
Meanwhile, at the mid-year budget review, Dr Cassiel Ato Forson, the finance minister, – boldly declared that the Ghanaian cedi has picked and is no longer depreciating.
According to Ato Forson, in the Ghanaian local language, he stated “cedi no apicki”.
The finance minister noted that the cedi’s appreciation is already contributing to price stability.
Speaking during the presentation of the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, 2025, Dr Ato Forson stated, “This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” he told Parliament.
Ato Forson further assured Ghanaians that the gains made will be sustained.
“We will continue to implement prudent policies to preserve the value of our currency, reduce inflation, and ensure economic stability for all,” Dr Forson added.
