Ghana's Finance Minister expects Cedi stability due to $360m IMF and $300m World Bank inflows.

Ghana's Finance Minister, Dr. Mohammed Amin Adam, is optimistic about the stability of the Cedi, which recently crossed GH¢16 against the US Dollar. He cites anticipated foreign exchange inflows of $360 million from the IMF and $300 million from the World Bank as key stabilizing factors. Despite recent market pressures, the Cedi has remained relatively stable since 2023, thanks to tight monetary policy and strategic initiatives like the gold-for-oil program.

September 02, 2024
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