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Wednesday, May 21, 2025

Cedi’s rise fueled by $10.6bn reserves – Mahama

President John Dramani Mahama has credited the recent appreciation of the Ghanaian cedi to increased foreign exchange inflows and targeted policy interventions aimed at stabilising the economy.

Speaking at the Ghana–EU Business Forum in Accra on Tuesday, May 20, the President revealed that Ghana’s gross international reserves have risen significantly from $8.9 billion in December 2024 to $10.6 billion in April 2025.

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