The Finance Minister, Dr. Cassiel Ato Forson, has assured Parliament that the Ghanaian Cedi will remain stable against major foreign currencies.
He stated that foreign exchange earnings from the Ghana Gold Board will be directed to the Bank of Ghana (BoG) to strengthen reserves and support the currency.
Dr. Forson reaffirmed his commitment to ensuring currency stability, reducing prices, and creating jobs as part of the government’s economic agenda.
Speaking during the debate on the Energy Sector Levy Amendment Bill, 2025, in Parliament on Wednesday, June 4, Ato Forson said, “I want to assure the people of Ghana that the currency will remain stable. The Ghana cedi will remain strong. The Ghana cedi is doing well, and this trajectory will continue. Mr Speaker, I want to assure members of this House that the NDC will find ways to stabilise the cedi.
“For the first month of operation of the Ghana Gold Board, for the month of May, they were able to buy 11.4 tonnes of gold, which brought $1.2 billion that has gone to the central bank. And the central bank will use this to build enough reserves to intervene for the currency to be strong. We mean well, prices have fallen, inflation is coming down, we can see prices of goods coming down daily, this will continue, and so, you should be happy. I stand by my promise to deliver low prices, stable cedi and good jobs for the people of Ghana.”
Dr. Forson also dismissed claims that the stability of the exchange rate is due to the government not spending.
News Source: Citinewsroom
