The Finance Minister of Ghana, Dr. Cassiel Ato Forson, has give assurances that the Ghana Cedi shall continue to remain stable
against major foreign currencies.
Appearing before the Parliament of Ghana on Wednesday, June 4, Dr. Forson cited measures aimed at strengthening the country’s foreign reserves through the Ghana Gold Board’s foreign exchange earnings.
In remarks made in Parliament during the debate on the Energy Sector Levy Amendment Bill, 2025, Dr. Forson reaffirmed the Ghanaian government’s commitment to ensuring currency stability, reducing prices, and creating jobs.
He said “I want to assure the people of Ghana that the currency will remain stable. The Ghana cedi will remain strong. The Ghana cedi is doing well, and this trajectory will continue,. Mr Speaker, I want to assure members of this House that the NDC will find ways to stabilise the cedi.”
The Finance Minister revealed that in its first month of operation, the Ghana Gold Board had purchased 11.4 tonnes of gold, generating $1.2 billion in foreign exchange earnings.
According to him, “For the month of May, they were able to buy 11.4 tonnes of gold, which brought $1.2 billion that has gone to the central bank. And the central bank will use this to build enough reserves to intervene for the currency to be strong”.
Source: Africa Publicity
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