The Governor of the Bank of Ghana, Dr Johnson Asiama, has clarified that the central bank’s goal is not to force the over-appreciation of the cedi but rather to ensure it remains stable within a range that supports overall macroeconomic stability.

Speaking on the current state of the economy with JoyBusiness, Dr Asiama emphasised the importance of maintaining a balanced exchange rate regime that aligns with the broader economic framework.

“Stability does not mean that the cedi has to over-appreciate. We want to make sure it stays within a range that is consistent with macroeconomic stability,” he stated.

The Governor's comments come amid ongoing discussions about exchange rate fluctuations and their impact on inflation, investor confidence, and economic growth.

Analysts have noted recent improvements in the cedi’s performance but caution against artificially inflating its value at the risk of undermining export competitiveness and creating long-term imbalances.

Dr Asiama however assured that the Bank of Ghana would continue to monitor the currency market closely and intervene when necessary to curb excessive volatility, adding that the central bank remains committed to a flexible exchange rate regime backed by strong fundamentals.



MA

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