Ghana’s currency is staging a remarkable comeback, appreciating by more than 42% year-to-date, according to the Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama.
Speaking at the Graphic Business/Stanbic Bank Breakfast Meeting in Accra on Tuesday, July 15, Dr. Asiama credited the sharp turnaround to a mix of robust external reserves, tight monetary discipline, and renewed investor confidence.
“The Ghanaian Cedi has appreciated by over 42% as of June 2025, reversing nearly all the losses recorded during 2022 and 2023,” he stated.
He also announced that Ghana’s gross international reserves now stand at $11.1 billion, up from $8.98 billion at the end of 2024, enough to cover 4.8 months of imports.
Highlighting broader economic progress, Dr. Asiama revealed that Ghana recorded a trade surplus of $4.14 billion in the first four months of 2025, driven by strong export growth in gold, cocoa, and oil.
Additionally, the current account surplus improved significantly to $2.12 billion, compared to $66 million in the same period last year.
He also pointed to resilient remittance inflows and positive IMF programme reviews, which contributed to a recent S&P credit rating upgrade from Selective Default to CCC+.
“These figures are more than statistical milestones. They reflect a restored macroeconomic credibility that investors, markets, and citizens can believe in,” Dr. Asiama concluded.
The report signals growing optimism around Ghana’s economic trajectory after a turbulent period marked by currency depreciation and fiscal instability.
