Finance Minister Dr. Cassiel Ato Forson says Ghana’s impressive currency gains reflect a deeper transformation underway in the country’s economic foundations.

Speaking on the cedi’s 16.7% appreciation in 2025, Dr. Forson declared it the “top-performing currency in April” and a sign of Ghana’s return to macroeconomic strength. 

“This marks a significant reversal from the 13.4% depreciation observed in the same period of 2024,” he noted.

He credited the performance to the combined strength of policy and global market dynamics. 

“The Ministry of Finance has implemented a disciplined fiscal stance anchored around prudent public finance management,” Dr Forson stated. 

He commended the Bank of Ghana for working closely with the ministry to enforce a tight monetary policy and manage liquidity effectively.

Importantly, the cedi’s rally has not compromised Ghana’s reserves. 

“Our foreign exchange reserves… reached a record-high in April 2025,” Dr. Forson said, citing this as evidence that the gains are not just cosmetic but sustainable. 

He further pointed to continued support from gold exports, cocoa revenues, and remittance flows as key to Ghana’s currency stability.

Dr. Forson urged the newly inaugurated Goldbod Board to work towards deepening Ghana’s forex gains. 

“This paradigm shift will challenge traditional models… potentially leading to inaccurate projections and missing the true potential of the cedi,” he warned. Calling for unity in national development, he added, “Let us help to propel President John Dramani Mahama’s ongoing reset of Ghana’s economy.”