Chief Investment Officer at Black Stars Advisors, Adjei Boateng, CFA, has indicated that the Ghanaian cedi could end 2025 with an appreciation against major foreign currencies - a rare outcome not seen in over two decades.
Mr Boateng's comments come amid signs of recovery in the local currency, which has recently surged against the US dollar, euro, and British pound.
Speaking on The Point of View with Bernard Avle on Channel One TV on Monday, May 12, Mr Boateng said current trends in the currency market point to a potential positive year for the local currency, if momentum is sustained. "Based on some of the numbers we're seeing, it is possible that this might be one of the first years the cedi actually appreciated.
If you look at it over the last 24 years.
