Ghana's Finance Minister-designate outlines plans to stabilize the cedi, targeting a lower depreciation rate.

The Ghanaian cedi has shown minor gains against major currencies like the dollar, with a trading rate of GH¢15.85 to the USD as of January 13, 2025. Despite a slight depreciation of 0.48% against the dollar last week, the Finance Minister-designate, Dr. Cassiel Ato Forson, aims to reduce the currency's depreciation rate to 8%. His strategy includes boosting foreign reserves and exports while reducing unnecessary imports to stabilize the economy.

2 months ago
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