File photo of Ghana cedi notes
Ecobank Group Chief Executive, Jeremy Awori, has stated that a stable cedi with minimal fluctuations would be a positive development for Ghana’s economy.
Speaking with the media following the Annual General Meeting of Ecobank Transnational in Lomé, Togo, he shared his insights on the currency’s outlook.
According to him, if the cedi could settle at a stable rate and move within a limited range, it would bring much-needed predictability and stability to the foreign exchange market—benefiting businesses, investors, and the overall economy.
“At the end of the day, if the cedi can settle at a number and move within a narrow band, that should be seen as positive,” he said.
While acknowledging the cedi’s impressive recent recovery, he stressed the importance of managing the pace of its appreciation to ensure long-term stability.
He further emphasised that the cornerstone of generating substantial returns, creating value, and maintaining consistently high returns on equity lies in long-term revenue growth.
DR/MA
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