Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has attributed the recent appreciation of the Ghanaian cedi to a combination of economic policy reforms and growing investor confidence.
He outlined the core drivers of the cedi’s performance during the Graphic Business/Stanbic Bank Breakfast Meeting in Accra on Tuesday, July 15.
According to Dr. Asiama, the strengthening of the local currency has been made possible through four main pillars: strong external reserves, disciplined monetary policy, coordinated fiscal consolidation, and renewed optimism among investors. These elements have collectively reinforced Ghana’s macroeconomic environment.
He noted that the current momentum signals a shift from basic economic stabilisation to long-term sustainability, with expectations of translating gains into tangible benefits for the real sector. The emphasis, he said, should now be on sustaining these reforms to ensure economic resilience.
The breakfast meeting brought together stakeholders from the finance, business, and policy sectors to discuss how to consolidate recent economic gains and chart a path toward deeper growth and development.
