By Ghana News
Copyright ghanamma
The Governor of the Bank of Ghana, Dr Johnson Asiama, has disclosed that the cedi continues to rank among the strongest-performing currencies globally, despite a drop in remittance inflows.
According to him, remittances, a key source of foreign exchange, have not been as robust in recent times.
He noted that seasonal trade fluctuations are placing some pressure on foreign currency demands.
Speaking at the opening of the Monetary Policy Committee Meeting on Monday, September 15, 2025, Dr Asiama emphasised that the current developments are temporary and manageable, and do not reflect economic weakness.
Cedi weakens further, hits GH¢12.15 against the dollar
“Despite the seasonal pressures and a slowdown in remittance inflows in recent weeks, the cedi remains one of the strongest currencies globally. Year-to-date, it has appreciated by about 21% as of September 12. The cedi is now performing alongside other high-ranking currencies such as the Russian ruble, Swedish krona, Norwegian krone, Swiss franc, euro, and the British pound,” he said.
He further cited measures instituted by the central bank as key reasons the cedi continues to hold its value on the global market.
“Efforts by the Bank to enforce foreign exchange rules, along with prudent macroeconomic management, are helping to sustain investor confidence,” he added.
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