Economist, Professor Patrick Asuming has stressed the need for Ghana to continue expanding its export base to sustain the recent appreciation of the cedi and to prepare for potential economic pressures in the near future.
Speaking on the currency's performance on Channel One TV's The Big Issue on Saturday May 17, Professor Asuming noted that while the cedi has gained strength recently, long-term stability will depend on the country's ability to boost its exports across various sectors. "I think that we also know that some additional pressures are going to come from 2026, so it is very important that we keep expanding our export base," he said.
According to him, Ghana's export performance has been encouraging so far, with significant gains not only in gold and cocoa but also in non-traditional exports.
He highlighted the government's strategy of export diversification and ongoing discussions around import substitution as steps in the right direction. "So far our export has been doing extremely well.
