President John Dramani Mahama has attributed the recent rebound of the Ghanaian Cedi to robust foreign exchange inflows and deliberate policy measures aimed at stabilising the economy.
He noted that the local currency's performance is underpinned by strong gross international reserves, which have climbed to $10.6 billion as of April 2025, up from $8.9 billion in December 2024-a signal of growing investor confidence and improved external buffers.
Speaking at the opening of the Ghana-EU Business Forum in Accra, held under the theme "Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy," President Mahama reaffirmed the government's commitment to meeting its economic growth targets for the year. "The Ghanaian cedi, which depreciated by 19.2% in 2024, has shown signs of recovering, appreciating by 3.9% against the US Dollar by the end of April 2025.
This has been supported by stronger forex inflows, improved trade balancing and growing investor confidence.
