$1 to GH¢1 will crash Ghana’s export sector – President Mahama
According to him, the recent appreciation of the cedi is due to close coordination between fiscal and monetary policies by the Central Bank and the Ministry of Finance.
According to him, the recent appreciation of the cedi is due to close coordination between fiscal and monetary policies by the Central Bank and the Ministry of Finance.
Appiah’s whereabouts could not be ascertained now, with an appeal to the public to volunteer information towards his arrest.
The earlier toll system, based on manual collection at roadside booths, was suspended by the New Patriotic Party government in 2021.
A major highlight of the upcoming session will be the expected appearance of the Minister for Finance in August to present the 2025 Mid-Year Budget Review to the House.
In a dramatic turnaround, the Ghanaian cedi is set to solidify its comeback against the U.S. dollar, with the Ghana International Trade and Finance Conference (GITFiC) forecasting an average exchange rate of just 10.02 GHS per USD for 2025—an impressive 28.94% improvement on 2024’s average of 14.10 GHS/USD.
President John Dramani Mahama has reaffirmed his administration’s commitment to fiscal discipline
He described the move as regrettable but necessary to restore integrity and accountability to Ghana’s diplomatic operations.
Analysts expect the trajectory to continue upward as Ghana’s digital economy deepens, and regulatory support remains favourable.
The local currency has surged to its strongest performance against its major trading currencies.
The move follows President John Dramani Mahama’s inaugural pledge on January 7, 2025, that “Ghana is open for business.”