President of Ghana John Dramani Mahama has touted his government’s ability to stabilize the Ghanaian cedi.
The president was speaking at the Ghana Presidential Investment Forum at TICAD-9 in Yokohama, Japan, when he made this known.
According to him, since taking office as president, the cedi has been celebrated as the best-performing currency.
He is hopeful that the Ghanaian cedi will continue to make gains, considering its performance this year.
John Dramani Mahama was optimistic that Ghana’s economy, which is now at B-, will be upgraded in the next review.
“Our cedi has stabilized. For those of you who know the history of the Ghanaian cedi, it has been one of the most volatile currencies in Africa. A few years back, we were said to be the worst-performing currency. I am happy to announce that this year Ghana Cedi has been the best-performing currency in the world,” he stated.
“As Simon said, we’ve been upgraded from junk status to B- with a stable outlook, and I am certain that in the next review we are going to be upgraded again,” he said while speaking at Ghana Presidential Investment Forum at TICAD-9 in Yokohama, Japan.
Speaking on Ghana’s Inflation rate, he mentioned that “We are re-establishing macro stability and the growth momentum of the economy. Inflation rose to a high of almost 23% in 2024 and is currently down to 13.7% and we expect that by the end of the year, we will hit single digit”.
