The Bank of Ghana Governor, Dr. Johnson Asiama, has reaffirmed that the cedi remains one of the world’s strongest-performing currencies despite seasonal trade 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 have been weaker than in previous periods, but stressed that their impact on the currency has been minimal.
“Despite 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.
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He credited the cedi’s resilience to prudent monetary policy, stronger foreign-exchange reserves, and tighter regulatory oversight. For the first eight months of 2025, Ghana recorded a trade surplus of US$6.2 billion, supported by robust gold exports and higher cocoa earnings. Gross international reserves reached US$10.7 billion in August, providing about 4½ months of import cover.
Dr. Asiama noted that the cedi is performing alongside major global currencies such as the Russian ruble, Swedish krona, Norwegian krone, Swiss franc, euro, and British pound. Its strength, he said, is helping reduce import costs, ease inflationary pressures, and lessen the financial burden on businesses dependent on foreign inputs.
He cautioned, however, that sustaining this momentum will require strong export performance, stable remittance inflows, and careful management of exposure to volatile commodity markets.
The Governor pledged that the central bank will continue to monitor developments closely and intervene when necessary to preserve currency stability.
Story By: Afia Ohenewaa Akyerem