Finance Minister Dr. Cassiel Ato Forson has expressed confidence in the Ghanaian Cedi, predicting it will perform well despite concerns about potential depreciation.
In an interview, Dr. Forson reaffirmed the government’s commitment to maintaining a strong currency through sound economic policies and fiscal discipline.
His optimism comes despite warnings from Bank of Ghana Governor Dr. Johnson Asiama that the recent decline in Treasury Bill rates could lead to Cedi depreciation.
Dr. Forson believes the economy’s fundamentals, combined with government measures, will sustain the Cedi’s strength. “I have faith in the Cedi… I believe it will perform well,” he stated.
Dr. Forson also responded to Minority Leader Alexander Afenyo Markin’s criticism of the 2025 budget, saying Afenyo-Markin needs to do his job as the leading voice of the NPP.
The Finance Minister’s confidence in the Cedi is notable, given the currency’s history of volatility.
In January, Dr. Forson announced plans to reduce the Cedi’s depreciation rate to 8%.
