The cedi recorded notable gains against major international currencies in 2025
The Ministry of Finance has assured that the stability recorded in the Ghana cedi and the energy sector will be sustained in 2026, as government deepens reforms to consolidate macroeconomic gains, stimulate job creation and support inclusive economic growth.
The assurance comes amid signs of improving economic fundamentals following strong growth, easing inflation and currency gains recorded in 2025, which have helped restore confidence among businesses and investors.
Frederick Amissah, Technical Advisor at the Ministry of Finance, gave the assurance in a submission at the 77th Annual New Year School and Conference hosted by the University of Ghana in Accra on Wednesday, January 7, 2026.
The forum, held on the theme “Building the Ghana We Want, Together for Sustainable Development”, brings together policymakers, academics, civil society and development partners to assess national development priorities.
Amissah said the economic performance in 2025 had laid a solid foundation for sustained stability, noting that government would continue to pursue prudent fiscal management and close coordination with the Bank of Ghana to protect recent gains.
“We are confident that the stability achieved last year, particularly in inflation and the exchange rate, can be sustained through disciplined policy implementation,” he stated.
Ghana’s economy expanded strongly in 2025, driven largely by non-oil sector growth, while inflation declined sharply from levels above 20 per cent in the previous year to single digits by the end of 2025.
On the external front, the cedi recorded notable gains against major international currencies in 2025, reversing years of persistent depreciation. Amissah attributed the turnaround to improved fiscal discipline, stronger external buffers and reforms in key sectors of the economy.
He assured participants that measures to support foreign exchange inflows and manage demand pressures would be maintained to ensure that the cedi remains stable.
“A stable currency is critical for investor confidence, trade and overall economic planning, and we remain committed to safeguarding it,” he said.
In the energy sector, Amissah said government was equally committed to ensuring a stable and reliable power supply in 2026.
He noted that ongoing reforms and investments in the sector were aimed at reducing disruptions, improving efficiency and supporting industrial growth. Energy stability, he explained, was essential for sustaining economic expansion, particularly in manufacturing and services, which were key drivers of employment.
Amissah also highlighted job creation as a central pillar of government’s economic agenda. He said the strong performance of the non-oil sector in 2025, including agriculture, services and manufacturing, had begun to translate into employment opportunities, especially for the youth.
Government, he added, would intensify support for small and medium-sized enterprises and private sector-led initiatives to expand decent jobs across the economy.
Provisional data from the Ghana Statistical Service show that real Gross Domestic Product expanded by 5.3 per cent in the first quarter, 6.3 per cent in the second quarter and 5.5 per cent in the third quarter of 2025, outperforming growth recorded in the corresponding periods of the previous year and reflecting a broad-based recovery led largely by the non-oil sector.
Data from the Bank of Ghana indicate that headline inflation eased from over 23 per cent in December 2024 to single-digit levels by December 2025, returning to the central bank’s medium-term target band.
President John Dramani Mahama, on January 6, opened the Annual New Year School, now in its 77th year. It serves as a platform for reviewing Ghana’s socio-economic performance and shaping policy directions for the year ahead.
Discussions at this year’s conference are expected to inform national development strategies as the country works to consolidate stability and accelerate sustainable growth.
