The Minister for Finance, Dr Cassiel Ato Forson, has expressed confidence in the stability of the Ghanaian Cedi, stating that it will perform well despite concerns about potential depreciation.
Speaking in an interview with Channel One TV on Wednesday, 12 March, Dr Forson reaffirmed the government’s commitment to maintaining a strong currency through sound economic policies and fiscal discipline.
His remarks come in response to recent comments by the Governor of the Bank of Ghana, Dr Johnson Asiama, who warned that the recent decline in Treasury Bill (T-Bill) rates could lead to a depreciation of the Cedi.
The Governor’s concerns have sparked discussions about the currency’s future performance and the broader implications for the economy.
Dr Forson, however, remained optimistic, insisting that the fundamentals of the economy, coupled with the measures implemented by the government, would sustain the Cedi’s strength.
“I have faith in the Cedi. I believe that the Cedi will do well based on the fundamentals and the work that we have done so far. I believe that the Cedi will perform well,” he stated.
The Minister assured the public that the government continues to monitor economic trends and take proactive steps to stabilise the currency.
He urged investors and the general public to remain confident in the country’s financial outlook, emphasising that Ghana’s economic policies are designed to promote long-term stability and growth.
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