The Member of Parliament for Upper Manya Krobo, Bismark Tetteh Nyarko, has credited the recent stability of Ghana’s cedi to the strong economic fundamentals put in place by President John Mahama and the Finance Minister, Dr. Cassiel Ato Forson.
Speaking on the cedi gains on the Channel One Newsroom on Sunday May 25, Nyarko highlighted the resilience of the cedi, stating, “The cedi is doing pretty well, and like we’ve all been told previously, when the fundamentals are strong, the cedi will reflect the same.”
He attributed this positive performance to prudent economic policies and stabilisation strategies initiated under Mahama’s leadership.
Nyarko further emphasised that the passage of the GoldBod legislation has also played a crucial role in ensuring the cedi’s stability.
“You can also remember that recently we passed a law to establish the GoldBod. The GoldBod has also contributed to the stability of the cedi, and I think I expect more of this in the coming year,” he stated.