President John Dramani Mahama has attributed the recent rebound of the Ghanaian Cedi to sound economic policies and increased foreign exchange inflows, dismissing any suggestion that the currency’s recovery is a coincidence.

Speaking at the opening of the Ghana–EU Business Forum in Accra on Tuesday, President Mahama revealed that Ghana’s gross international reserves have grown significantly—from $8.9 billion in December 2024 to $10.6 billion as of April 2025.

\He explained that the improved reserves have contributed to stabilising the cedi and boosting investor confidence.

“The cedi’s performance is not by chance,” President Mahama stated.

“It is the outcome of deliberate fiscal and monetary measures, combined with increased inflows that have strengthened our financial buffers and signalled our economic resilience.”

The President emphasised that the rebound is part of a broader trend of economic recovery, underpinned by growing investor trust and a return to macroeconomic stability.

The Ghana–EU Business Forum, held under the theme “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” brought together policymakers, business leaders, and development partners from both Ghana and the European Union.

The forum aims to deepen trade and investment ties, particularly in emerging sectors beyond traditional exports.

President Mahama reaffirmed Ghana’s commitment to strengthening economic cooperation with the EU, stressing the importance of sustainable investments and value addition across key sectors of the economy.