The Bank of Ghana Governor, Dr Johnson Asiama, has said the cedi remains one of the best-performing currencies in the world, despite the usual seasonal trade pressures and a recent dip in remittance inflows.
Opening the Monetary Policy Committee (MPC) meeting on Monday, September 15, 2025, Dr Asiama acknowledged that remittances have not been as robust as in previous years.
However, he stressed that the effect on the local currency had been well managed.
“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 per cent as of 12th September,” he noted.
The Governor credited the cedi’s resilience to prudent monetary policies, stronger foreign-exchange reserves and tighter regulatory oversight.
“External buffers have strengthened. For the first eight months of the year, Ghana recorded a trade surplus of US$6.2 billion, underpinned by robust gold exports and higher cocoa receipts. Gross international reserves stood at US$10.7 billion in August, covering about four-and-a-half months of imports,” he explained.
Dr Asiama added that the cedi is currently holding its ground alongside some of the world’s strongest currencies, including the Russian rouble, Swedish krona, Norwegian krone, Swiss franc, the euro and the British pound.
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