The Minister for Finance, Dr. Cassiel Ato Forson, has expressed optimism about the strengthening of the local currency against major trading currencies.
According to him, the fundamentals of the economy are strong, and the Cedi is poised to perform well.
In an interview with Channel One TV, monitored by GhanaWeb Business, Dr. Forson addressed concerns about the depreciation of the Cedi and other economic issues.
He stated, “I have faith in the Cedi. I believe that the Cedi will do well based on the fundamentals and the work we have done so far. I am confident that the Cedi will perform well.”
His remarks follow a caution from the Governor of the Bank of Ghana, Dr. Johnson Asiama, who warned that the recent decline in Treasury Bill (T-Bill) rates could potentially lead to a depreciation of the Cedi.
Meanwhile, checks by GhanaWeb Business on March 13, 2025, at 10:00 AM indicate that the Cedi is trading at GH¢16.10 to the US dollar.
The Pound Sterling is trading at GH¢20.90, while the Euro is trading at GH¢17.60 in the retail market.
SA/MA
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