CEO of Dalex Finance, Joe Jackson, has projected that the Ghanaian cedi could continue its recent appreciation trend in the short to medium term-provided that the country maintains its current fiscal discipline and prudent economic policies.
Speaking on the outlook for the local currency on Eyewitness News on Citi FM on Friday May 10, Jackson pointed to a combination of ongoing global conditions and Ghana's own economic management as key drivers of the cedi's stability and recent gains. "There is good reason to believe that the Trump tariff war is not going to end in the next three to six months," he said, referring to ongoing U.S.
trade tensions that have weakened the U.S.
dollar globally. "Tariff agreements are notoriously complicated and difficult to negotiate." Jackson explained that the continuation of this global instability could keep external conditions aligned in Ghana's favour for at least another quarter. "If we continue to do what we are doing-increase the gold reserves, be prudent about public expenditure, even reduce public expenditure-it will help reduce the cost of borrowing," he added.
