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