'Fiscal discipline, not austerity – Economist explains cedi’s turnaround

The stars aligned for Ghana’s cedi recovery – Joe Jackson

Ghana’s local currency, the cedi, has recently enjoyed a notable period of stability and appreciation, and according to financial expert Joe Jackson, this success story isn’t just a matter of luck. The CEO of Dalex Finance believes that a unique alignment of global economic factors and Ghana’s own internal discipline created the perfect conditions for this rebound. Speaking on Citi FM’s Eyewitness News on Friday, May 9, Jackson provided an in-de…

'Fiscal discipline, not austerity – Economist explains cedi’s turnaround

Economics lecturer at the University of Ghana, says government’s handling of expenditure, not deep budget cuts, is a key reason for the recent calm in the macroeconomic space, including the appreciation of the cedi. Professor William Baah Boateng, speaking on Joy News’ PM Express Business Edition on Thursday, May 8, dismissed the idea that Ghana’s […] The post ‘Fiscal discipline, not austerity – Economist explains cedi’s turnaround appeared firs…

Finance Minister Assures Cedi's Sustained Recovery

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has firmly dismissed suggestions that the recent appreciation of the Ghanaian cedi is a temporary phenomenon. In a strong defence, Dr Forson stressed instead that the local currency’s resurgence is the result of calculated and disciplined economic policymaking aimed at fostering lasting stability and growth. Speaking at a meeting with the leadership of the Food and Beverage Association of Ghana (…

Explaining the cedi’s strength

The Ghana cedi has been on an absolute tear this year, leading many people to speculate about the cause of such a strong appreciation. Official rates from the Bank of Ghana show that the currency ended 2024 at the rate of 14.7074 cedis to the US dollar. As at the time of writing it is […]