GHANA’s ECONOMIC landscape is witnessing a remarkable transformation as the Ghana cedi leads global currency rankings, appreciating 16.7% against the US dollar in 2025 alone.
This unprecedented performance, according to Finance Minister Dr. Cassiel Ato Forson, is largely fueled by the strategic operations of the newly established Ghana Gold Board (GoldBod).
Speaking at the inauguration of the GoldBod Governing Board, Dr. Forson highlighted how the initiative has become a cornerstone in stabilizing the national currency.
“The Ghana GoldBod is already fulfilling its objective by contributing immensely to the recent stability of the Ghana cedi through gold reserve accumulation,” he said.
This sharp reversal from a 13.4% depreciation in the same period of 2024 has positioned the cedi as the world’s best-performing currency in April 2025, with recognition coming from major financial institutions and analysts globally.
Dr. Forson noted that the central bank, in close coordination with the Ministry of Finance, has implemented stringent monetary policies and aggressive liquidity sterilization to support the currency’s rally.
“The activities of the GoldBod stand to further strengthen this performance. In fact, it will change how both the Ghana cedi and Ghana’s foreign exchange accumulation will behave in the future.”
The Minister also announced that foreign exchange reserves at the Bank of Ghana have hit a record high, surpassing IMF targets ahead of schedule. With GoldBod at the helm of Ghana’s gold trade, the outlook for the cedi and the broader economy appears sustainable and strong.
Source: Nationaltymes.com
