Cedi Stability and Falling Inflation Credited to Finance-Bank of Ghana Synergy — Importers and Exporters Boss

The Executive Secretary of the Importers and Exporters Association of Ghana, Samson Asaaki Awingobit, has praised the recent stability of the Ghanaian Cedi and the gradual decline in inflation, attributing the trend to enhanced coordination between the Ministry of Finance and the Bank of Ghana under President John Dramani Mahama’s leadership.

Speaking on The Big Issue on Channel One TV on Saturday, May 17, 2025, Asaaki applauded the policy alignment between Finance Minister Dr. Cassiel Ato Forson and Bank of Ghana Governor Dr. Johnson Asiamah, which he said contrasts sharply with the lack of institutional cohesion in the previous administration.

“The Minister of Finance and the Governor of the Bank of Ghana under the previous administration were not communicating. These two institutions must work together — and that’s what we’re now seeing,” Asaaki remarked.

He emphasized that fiscal and monetary policies must align to sustain macroeconomic recovery, strengthen business confidence, and attract foreign investment.

“What Dr. Asiamah and Hon. Ato Forson have done is to bring confidence in inflation and Cedi stability. Going forward, they need to continue working together because the President put them there to support investor confidence,” he added.

Asaaki expressed optimism that the current trajectory will lead to a renewed wave of investment into Ghana, suggesting that the improving economic indicators are already attracting international attention.

“In a few days, you will see the number of investors who will be looking to come to Ghana,” he noted.

The Ghanaian Cedi has shown sustained recovery in recent weeks, with the exchange rate hovering around GH₵12.40 to the dollar, while inflation continues its downward trend — developments the business community sees as early signs of sound economic stewardship.