Joe Jackson is the CEO of Dalex Finance
The Chief Executive Officer of Dalex Finance, Joe Jackson, has attributed recent decline in inflation to the Bank of Ghana’s interventions in the foreign exchange market.
Ghana’s inflation rate fell sharply to 13.7% in June 2025, down from 18.4% from the previous month.
The drop was driven by a combination of factors, including lower food prices, reduced transportation costs, and the appreciation of the Ghanaian cedi.
Speaking during a GhanaWeb X Space ahead of the 2025 Mid-Year Budget Review, Jackson noted that the strengthening of the cedi and the central bank’s management of foreign currency reserves have played a significant role in easing inflation.
“What the Central Bank has done with regards to our foreign currency reserves, value of the cedi, that has also contributed to reduce our inflationary pressures,” he said.
He stressed that while broader structural reforms are still necessary for long-term economic stability, the Bank of Ghana’s short-term strategies particularly in the forex market are already yielding results.
“The appreciation of the cedi has been remarkable. Inflation has come down from highs of over 50%, through the 30% range, to where it is now. This is good progress, and I’ll be watching closely to see what steps they take next,” he added.
The Minister of Finance, Dr Cassiel Ato Forson, as part of his mid-year budget review in Parliament on Thursday, July 24, 2025, is expected to give clarity on government’s plans to control inflation as rating agencies and market watchers are projecting a single digit inflation by end of 2025.
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— GhanaWeb (@TheGhanaWeb) GhanaWeb/status/1948080530387275911?ref_src=twsrc%5Etfw”>July 23, 2025
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