The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama has reassured the public that the Ghana cedi remains among the strongest performing currencies globally, even as the country contends with seasonal pressures and a slowdown in remittance inflows.
Speaking at the opening of the Monetary Policy Committee Meeting on September 15, 2025, Dr. Asiama acknowledged that remittances, a key source of foreign exchange for many households have not been as strong as in past periods.
He also pointed out that usual seasonal trade fluctuations are putting some pressure on foreign currency demand.
Nonetheless, he emphasized that these are temporary and manageable challenges, and not signs of systemic weakness.
“Despite the seasonal pressures and a slowdown in remittance inflows in recent weeks, the cedi remains one of the strongest currencies globally. Year-to-date, it has appreciated by about 21% as of September 12”, he said.
“The cedi is now performing alongside other high-ranking currencies such as the Russian ruble, Swedish krona, Norwegian krone, Swiss franc, euro, and the British pound”, he added.
The Governor cited a combination of sound monetary policy, improved foreign exchange reserves, and strengthened regulatory oversight as reasons why the cedi continue to hold its value.
“Efforts by the Bank to enforce foreign-exchange rules, along with prudent macroeconomic management, are helping to sustain investor confidence”, he said.
Analysts say the cedi’s resilience could be delivering real benefits, lower cost of imported goods, potential easing of inflation, and reduced pressure on businesses that rely on foreign inputs.
But they also warn that sustaining the trajectory will depend on continued export performance, stable remittance flows, and avoiding overreliance on volatile commodities.
Dr. Asiama urged Ghanaians, businesses, and policymakers to keep faith in the currency, as he believes public confidence plays a key role in maintaining and enhancing the cedi’s strength.
He also vowed that the central bank will remain vigilant, ready to intervene where needed to ensure stability.
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