Cedi Archives - Ghana News Express

Ghana may see lower interest rates soon, as ongoing disinflation and currency stability prompt cautious optimism among commercial banks. Speaking at the 11th Absa-UPSA Law School quarterly banking roundtable in Accra, Mr John Awuah, Chief Executive Officer of the Ghana Association of Banks, said the expected change hinges on the upcoming Monetary Policy Committee meeting, scheduled for July 28, 2025. “We have seen where we are now – where inflation is at 13.7 per cent [and] we hold the view that the central bank has to take a second look at the monetary policy rate,” he stated. He described the recent decline in inflation and Cedi appreciation as positive for business planning and a trigger for downward revisions in bank lending rates. Mr. Awuah explained that the...

President John Dramani Mahama has attributed the recent rebound of the Ghanaian Cedi to robust foreign exchange inflows and deliberate policy measures aimed at stabilising the economy. Ghanaian food recipes According to the President, the improved performance of the local currency is largely supported by strengthened gross international reserves, which have surged from $8.9 billion in December 2024 to $10.6 billion by April 2025. He noted that this upward trend reflects growing investor confidence and enhanced external financial buffers. Speaking at the opening of the Ghana–EU Business Forum in Accra on Tuesday, May 20, President Mahama highlighted the government’s determination to meet its economic growth targets for the year. The forum, held under the theme “Deepening Ghana-E...

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Cedi gains, inflation drop raises rate cut hopes

Cedi’s surge backed by $10.6bn reserves – Mahama