At the opening of the Ghana–EU Business Forum held in Accra on Tuesday, President John Dramani Mahama addressed the significant rebound of the Ghanaian Cedi, attributing its recovery to sound economic policies and heightened foreign exchange inflows. Apexnewsgh reports
He firmly dismissed any notion that the currency’s resurgence is merely coincidental.
The President reported a substantial growth in Ghana’s gross international reserves, which have risen from $8.9 billion in December 2024 to an impressive $10.6 billion as of April 2025. This increase, he explained, has played a pivotal role in stabilizing the Cedi and bolstering investor confidence in the nation’s economy.
“The cedi’s performance is not by chance,” President Mahama stated emphatically. “It is the outcome of deliberate fiscal and monetary measures, combined with increased inflows that have strengthened our financial buffers and signalled our economic resilience.”
He further emphasized that this rebound is not an isolated event but rather a part of a broader trend reflecting economic recovery, fueled by growing investor trust and a return to macroeconomic stability in the country.
The Ghana–EU Business Forum, themed “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” gathered an array of policymakers, business leaders, and development partners from both Ghana and the European Union.
The forum’s primary objective is to enhance trade and investment ties, particularly in emerging sectors that extend beyond traditional exports.
In his address, President Mahama reaffirmed Ghana’s commitment to fostering economic cooperation with the EU. He underscored the importance of sustainable investments and value addition across vital sectors of the economy, signaling a proactive approach to strengthening international partnerships and enhancing Ghana’s economic landscape.
Source: Apexnewsgh.com
