Ghanaian Cedi Shows Strength Amidst Economic Challenges

Ghanaian Cedi Strengthens Amidst Economic Uncertainty Ghana's economy has shown signs of recovery as the local currency, the cedi, has recently appreciated against major world currencies. Edem Agbana, Member of Parliament for Ketu North, recently discussed this development in a televised interview. Agbana stated that "the government has been deliberate with policies in restoring the economy." He pointed to the increase in gold exports as a major factor contributing to the cedi's rise, stating that "Gold exports hit 5.2 billion dollars in the first quarter of 2025." This significant influx of foreign exchange has stabilized the currency. However, Agbana also acknowledged criticisms of the government's economic policies. Despite these concerns, the cedi's appreciation suggests a degree of economic progress. The ongoing efforts to manage the economy and maintain fiscal discipline are expected to continue to impact the cedi's value in the coming months.