The Chief Executive Officer of Asutifi Rural Bank, Mr. Attiso Taata-Denke, has applauded the government and the Ministry of Finance for their efforts in stabilising the Ghanaian cedi against the US dollar.

Speaking in an interview with CTV and Accra FM, Mr. Taata-Denke noted that the recent appreciation of the cedi has provided relief for local businesses, making it easier for traders to access loans and reinvest in their operations.

He urged the government to maintain the momentum and continue implementing measures to further reduce the dollar rate. According to him, a stronger cedi will enhance business growth and expansion, ultimately leading to job creation across the country.

“The drop in the dollar rate is encouraging.

It is helping business owners to plan better and take loans to expand.

This will create more employment opportunities,” he said.

Touching on the performance of the financial sector, Mr. Taata-Denke acknowledged that although Treasury bill rates have declined, the development is not entirely negative.

He explained that lower rates could encourage more people to invest in businesses rather than in short-term government instruments.

He also described the first quarter of 2025 as a positive period for Asutifi Rural Bank, attributing the bank’s performance to favourable government policies in the banking industry.

He expressed optimism that the trend will continue through the second and third quarters of the year.