The Governor of the Bank of Ghana, Dr. Johnson Asiama, has dismissed concerns about the stability of the Ghanaian cedi, questioning the source of recent public anxiety.ide
Speaking to journalists at the end of the 126th MPC meeting on Wednesday, September 17, he said the central bank has taken firm steps to ensure macroeconomic stability and has more than enough foreign exchange reserves to support the cedi, especially as the country moves into the final quarter of the year.
“No one should be anxious. I don’t know where the anxiety is coming from. We have enough reserves to cover imports in the fourth quarter as the Christmas festivities approach,” he said.
He further reassured the public that the central bank has strong control over cash flow and that there is no cause for alarm over the currency’s performance.
“We have a perfect cash flow and we have figured everything out,” he added.
The rapid appreciation of the cedi against the U.S. dollar has slowed sharply, halving from its mid-year peak as market pressures weigh on the currency.
The cedi has gained 21% year-to-date as of September 2025, compared with a 42.6% rally recorded in June, Bank of Ghana data shows.
The local unit traded at GH¢12.15 per dollar on the interbank market in September, down from its strongest levels earlier this year.
Between June and September, the cedi lost nearly 20% in value which has erased part of its earlier gains that had propelled it to the top of global currency rankings.
The cedi strengthened 6.9% against the Euro in September. It settled at GH¢14.23. However, it gained 11.8% against the British pound going for GH¢16.45.
Earlier in June, the currency had surged 30.3% against the pound and 25.6% versus the Euro.