The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has praised the government led by John Dramani Mahama for the recent strong performance of the Ghanaian cedi, which has appreciated by 16.7% since January 2025.

In a Facebook post on Wednesday, 21, 2025, Mr. Gyamfi said the improvement in the cedi’s value is the result of “deliberate policy interventions” by the Mahama administration.

He pointed out three main reasons for the currency’s strong performance:

1. Tight Monetary Policy: The Bank of Ghana raised the Monetary Policy Rate from 27% to 28% in March 2025. This move, along with efforts to manage the supply of money in the economy, helped stabilise the currency.

2. Fiscal Discipline: The Ministry of Finance has worked to control government spending and build investor confidence through responsible financial management.

3. Increased Foreign Exchange Earnings: Gold exports by the Precious Minerals Marketing Company (PMMC) and GoldBod have brought in significant foreign currency. Inflows from cocoa sales and remittances have also helped increase Ghana’s foreign reserves.

Mr. Gyamfi added that these efforts, combined with global factors such as a weaker US dollar, have contributed to the cedi’s appreciation.

He emphasised that the results show the positive impact of well-planned economic policies under President Mahama’s leadership.