Dr Cassiel Ato Forson is the Minister of Finance
Minister of Finance, Dr Cassiel Ato Forson has announced that the Ghana Cedi has emerged as the best-performing currency globally in the first half of 2025, reversing its years of depreciation.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr Forson announced that the cedi has appreciated by over 50% against the US dollar, marking a significant turnaround from the losses recorded between 2022 and 2024.
“Ghanafoɔ, cedi no apicki! we have almost reversed the depreciation of the cedi against major currencies in the world witnessed in 2022, 2023 and 2024.” he stated.
He emphasised that the level of appreciation is the first of its kind in over 60 years, coinciding with the Bank of Ghana’s celebration of the cedi and its role in national development.
According to him, the cedi’s recovery has been driven by a combination of factors, including the government’s macroeconomic stabilisation policies, tighter fiscal controls by the central bank, and continued support from the International Monetary Fund (IMF).
He added that this reflects growing investor confidence and Ghana’s improved external position as the country prepares for its fifth IMF program review in September 2025.
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