Finance Minister Dr. Cassiel Ato Forson has assured Parliament that the Cedi will remain stable against major foreign currencies, citing measures aimed at strengthening reserves through the Ghana Gold Board’s foreign exchange earnings.
Speaking during the debate on the Energy Sector Levy Amendment Bill, 2025, in Parliament on Wednesday, June 4, Dr. Forson reaffirmed the government’s commitment to ensuring currency stability, reducing prices, and creating jobs.
“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.”
He disclosed 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.
“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”.
Dr. Forson expressed confidence in the government’s economic direction, stating that inflation was easing and the prices of goods were steadily falling.
“We mean well, prices have fallen, inflation is coming down, we can see prices of goods coming down daily. This will continue, and so, you should be happy.I stand by my promise to deliver low prices, a stable cedi, and good jobs for the people of Ghana.”
He also dismissed claims that the exchange rate’s stability was merely a result of reduced government spending, reinforcing that proactive economic policies were responsible for the positive trajectory.
