The Governor of the Bank of Ghana, Dr. Johnson Asiamah, wants everyone to know that the Central Bank is not messing with the exchange rate to make the Cedi, Ghana's money, look better than it really is.
Recently, the Cedi has been doing really well, and some people think the Central Bank is using tricks to make it seem stronger. But Dr. Asiamah says that's not true!
At a big meeting called the Ghana CEO Summit in Accra on May 26, 2025, Dr. Asiamah explained why the Cedi is getting stronger. He said it’s not because of any sneaky moves by the Central Bank, but because of solid economic practices.
“Our Cedi has gone up by 24.1% against the US dollar,” he shared. He made it clear that the Central Bank isn’t using its money reserves to boost the Cedi or trying to create a fake rise that won’t last.
Dr. Asiamah pointed out that the Cedi’s strength comes from smart money management, changes in how foreign money is handled, more money being sent back home from people living abroad, and better monitoring of the market.
He emphasized that these improvements are not just quick fixes. They are well-planned changes meant to keep the economy stable for a long time. So, the Cedi’s rise is based on real, solid reasons, not just temporary tricks!