The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has asserted that the government’s efforts have been instrumental in achieving a decisive economic turnaround.
He stated that coordinated and rigorous policy measures have yielded tangible results for the nation.
Dr. Asiama made this disclosure during his address at the launch of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, 2025.
“Under the leadership of His Excellency John Dramani Mahama, and Her Excellency the Vice President, and through coordinated, difficult but necessary policy actions, I am happy to say that Ghana has turned a decisive corner and indeed the evidence is compelling.”
According to the Governor, headline inflation, a major concern in recent years, stood at 9.4 percent as of September 2025, with expectations for a further decline by year-end.
He added that the Ghana Cedi has also strengthened significantly, recording an appreciation of 37 percent as of October 17.
Dr. Asiama further noted, referencing a World Bank report, that the cedi was the best-performing currency in sub-Saharan Africa during the first eight months of 2025.
The central bank’s head noted that Ghana’s gross international reserves currently stand at approximately $12 billion.
This figure, he explained, provides a robust buffer against external economic shocks and is instrumental in restoring investor confidence in the country.
“Headline inflation now at 9.4% as of September 2025 and we expect it to end the year even far lower. The cedi has appreciated by 37% as at October 17 and according to the World Bank it is the best performing currency in sub-Saharan Africa for the first eight months of 2025.
“Our gross international reserves are currently around $12 billion which is providing a robust cushion against external volatility and restoring our investor confidence.”
By: Rainbowradioonline.com/Ghana
