ACCRA, Oct 28 (The African Portal) – The Governor of the Bank of Ghana, Dr Johnson Asiama, has reaffirmed the central bank’s commitment to maintaining exchange rate stability and consolidating recent gains made by the local currency.
His comments come as the Ghana cedi continues to strengthen, appreciating by about 37% against the US dollar as of 17 October 2025. The rally has been attributed to improved market confidence and tighter monetary management.
Speaking at the launch of the Cedi@60 celebrations in Accra, Dr Asiama said the bank would continue to pursue policies that boost confidence in the cedi and promote long-term economic stability.
“The cedi has appreciated by 37% as of October 17, and according to the World Bank, it is the best-performing currency in Sub-Saharan Africa,” he said.
“This gain is not by accident. It is the result of hard and sometimes unpopular policies — fiscal consolidation by government, a tight monetary policy stance by the Bank of Ghana, and renewed confidence from investors and the public. As we celebrate 60 years of the cedi, our mandate remains unchanged.”
The World Bank recently ranked the cedi as the best-performing currency in Sub-Saharan Africa, citing sustained fiscal discipline and ongoing foreign exchange reforms as key drivers of its strong performance.
