The minister of Finance, Dr. Cassiel AtoCassiel Ato Forson, has assured Parliament that the Ghanaian cedi will remain stable against major foreign currencies.
According to him, the government is taking strategic steps to strengthen the country’s economic position and ensure price stability.
Dr. Forson emphasized that foreign exchange earnings from the Ghana Gold Board will be directed to the Bank of Ghana (BoG) to build reserves and support the local currency.
Reaffirming his commitment to economic stability, he outlined efforts to reduce inflation, stabilize prices, and create more jobs.
During the debate on the Energy Sector Levy Amendment Bill, 2025, in Parliament on Wednesday, June 4, Dr. Forson declared, “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.”
Providing further details on efforts to boost foreign exchange reserves, Dr. Forson explained, “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 suggestions that the cedi’s stability was solely due to low government spending, reinforcing that proactive economic measures were being implemented to ensure sustained growth
