An economist, Prof Lord Mensah, has expressed confidence in the ability of Ghana's local currency, the Ghana cedi, to rebound.

According to him, the recent gains being witnessed can be attributed to the reforms and steps being implemented by the John Dramani Mahama government.

He attributed the gains to fiscal consolidation and expenditure rationalisation measures being adopted by the government.

The economist noted that due to the government's commitment, by the time its other policies are implemented, the cedi would be selling at GH¢10.

On his X page, he wrote: "The cedi is just appreciating on the heels of fiscal consolidation and financial discipline by the current administration. By the time 24-hour economy and agriculture policies kick in, the Cedi will be selling at 10 Cedis to the dollar. Let me go change my dollars, quick."

The cedi has gained marginally in the last few weeks to sell below GH¢14 after selling for GH¢16 at the beginning of the year.

The gains were initially attributed to the performance of the dollar on the global market, however, actions by the government have enhanced the gains.

The cedi is currently selling at GH¢15 to $1 at some forex bureaus in Accra, while the Bank of Ghana is selling $1 for GH¢14.15 to banks.

See the post below

The cedi is just appreciating on the heels of fiscal consolidation and financial discipline by the current administration. By the time 24-hour economy and agriculture policies kick in, the Cedi will be selling at 10 Cedis to the dollar. Let me go change my dollars, quick.

— The Prof (@ProfLordMensah) May 3, 2025