Dr. Cassiel Ato Forson
Finance Minister Dr Cassiel Ato Forson has described the recent appreciation of the Ghana cedi as more than a currency recovery, calling it a signal of a sustainable economic reset.
Speaking on the cedi’s 16.7% appreciation in 2025, Dr. Forson said the currency’s performance, crowned the “top-performing currency in April”, and reflects a broader macroeconomic turnaround.
“This marks a significant reversal from the 13.4% depreciation observed in the same period of 2024,” he stated.
He attributed the gains to strong fiscal discipline and a strategic collaboration between the Ministry of Finance and the Bank of Ghana. “The Ministry of Finance has implemented a disciplined fiscal stance anchored around prudent public finance management,” Dr. Forson said, adding that the central bank’s tight monetary policy and liquidity controls played a crucial role.
He also highlighted that Ghana’s foreign exchange reserves reached a record high in April 2025, dispelling concerns that the currency’s strength may be short-lived. “Our foreign exchange reserves… reached a record high in April 2025,” he said. “This shows the gains are not just cosmetic but sustainable.”
Dr. Forson identified gold exports, cocoa revenues, and remittance flows as continued sources of foreign exchange stability, and called on the newly inaugurated Goldbod Board to support efforts in strengthening the cedi further.
“This paradigm shift will challenge traditional models… potentially leading to inaccurate projections and missing the true potential of the cedi,” he warned.
Dr Forson concluded by calling for national unity and support for the country’s economic recovery agenda. “Let us help to propel President John Dramani Mahama’s ongoing reset of Ghana’s economy,” he urged.
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