{"id":397613,"date":"2025-08-24T00:10:45","date_gmt":"2025-08-24T00:10:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2025\/08\/24\/cedi-stability-the-economys-overreliance-on-forex-problematic-prof-bokpin\/"},"modified":"2025-08-24T00:10:45","modified_gmt":"2025-08-24T00:10:45","slug":"cedi-stability-the-economys-overreliance-on-forex-problematic-prof-bokpin","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2025\/08\/24\/cedi-stability-the-economys-overreliance-on-forex-problematic-prof-bokpin\/","title":{"rendered":"Cedi stability: The economy&#8217;s overreliance on forex problematic \u2013 Prof. Bokpin"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p>Economist Prof. Godfred Bokpin has cautioned that Ghana\u2019s heavy reliance on foreign exchange is undermining the stability of the cedi.<\/p>\n\n\n\n<p>Speaking on <strong>JoyNews\u2019 <em>Newsfile<\/em><\/strong> on Saturday, he noted that while Bank of Ghana interventions may be necessary when volatility is excessive, extensive interference risks creating an artificial exchange rate that does not reflect market realities. <\/p>\n\n\n\n<p>According to him, such a situation could trigger responses that the central bank would be unable to control.<\/p>\n\n\n\n<div class=\"youtube-embed\" data-video_id=\"tc_ax8qN2Ks\"><iframe loading=\"lazy\" title=\"Cedi Stability: The economy&#039;s overreliance on forex problematic - Prof. Bokpin\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/tc_ax8qN2Ks?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n\n\n\n<p>The Ghanaian Cedi has shown a remarkable turnaround in 2025.<\/p>\n\n\n\n<p>According to the Finance Minister\u2019s 2025 Mid-Year Budget Review, the cedi depreciated by only 6.8% in the first half of the year, far better than the programmed 19.8% and a significant improvement over the 21.8% depreciation recorded in the same period of 2024.<\/p>\n\n\n\n\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n             \n <!-- Post Tags -->\n                \n\n                        \n                    \n                         \n                        <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p> \n                 \n\n        \n    \n                                                 \n                                        \n                    <\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>Economist Prof. Godfred Bokpin has cautioned that Ghana\u2019s heavy reliance on foreign exchange is undermining the stability of the cedi. Speaking on JoyNews\u2019 Newsfile on Saturday, he noted that while Bank of Ghana interventions may be necessary when volatility is excessive, extensive interference risks creating an artificial exchange rate that does not reflect market realities. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":397614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-397613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedi stability: The economy&#039;s overreliance on forex problematic \u2013 Prof. Bokpin - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2025\/08\/24\/cedi-stability-the-economys-overreliance-on-forex-problematic-prof-bokpin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi stability: The economy&#039;s overreliance on forex problematic \u2013 Prof. Bokpin - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Economist Prof. Godfred Bokpin has cautioned that Ghana\u2019s heavy reliance on foreign exchange is undermining the stability of the cedi. 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