The Governor of the Bank of Ghana, Dr. Johnson Asiama, has called for a collective national effort to translate recent foreign exchange gains into tangible economic benefits for ordinary Ghanaians.
Delivering the keynote address at the Graphic Business/Stanbic Bank Breakfast Meeting in Accra on Tuesday, Dr. Asiama acknowledged that while the Ghanaian cedi had appreciated by over 42 per cent so far in 2025, more must be done to ensure that the macroeconomic progress benefits the real sector.
“Stability in the foreign exchange market is not an end in itself,” he said. “It is a means, to lower inflation, to encourage investment, to improve planning, and to build an economy that serves its people more predictably and inclusively.”
According to Dr. Asiama, Ghana’s gross international reserves had risen to $11.1 billion, enough to cover 4.8 months of imports. He also cited a trade surplus of $4.14 billion and a significant improvement in the current account.
However, he warned that foreign exchange gains could easily reverse if not carefully managed, citing volatility in global commodity prices and continued dollarisation of local economic activity.
“Our vision must be a Ghana where exporters thrive in a competitive, rules-based environment. The cedi must be trusted, digital, and dominant in everyday transactions,” he said.
He urged businesses, financial institutions and citizens to partner with the central bank to protect recent gains and work towards shared prosperity.