Ghana Politics Online
Thursday, June 12, 2025
  • Home
    • All
    • Business
    • Media
    • Showbiz
    • Sports
    • Technology
    • World News
    Zoomlion-YEA contract won’t be renewed – Presidency

    Zoomlion-YEA contract won’t be renewed – Presidency

    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

    NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

    World Bank-Backed Reforms: Minister Sam George Justifies Dismissal of 13 Staff to Curb Corruption

    Government directs telcos to effect 10-15% data bundle increase from July 1

    Take advantage of ‘MahamaCares’ – Lordina Mahama to chronic patients

    Take advantage of ‘MahamaCares’ – Lordina Mahama to chronic patients

     NYA Boss Osman Ayariga Engages Austrian Ambassador on Youth Development Partnership

     NYA Boss Osman Ayariga Engages Austrian Ambassador on Youth Development Partnership

  • Politics
    • All
    • CPP News
    • NDC News
    • NPP News
    Calls for Sammy Gyamfi’s suspension baseless – Titus Beyuo

    Calls for Sammy Gyamfi’s suspension baseless – Titus Beyuo

    Police arrest suspect over murder of investigative journalist, Ahmed Suale

    Popular NPP Politician Linked to Ahmed Suale Murder… Police Arrest Suspect

    Volta NDC Thanks President Mahama for Keeping His Promise

    Volta NDC Thanks President Mahama for Keeping His Promise

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    • NDC News
    • NPP News
    • CPP News
  • General News
    • Africa News
    • Science
    • Technology
    • World News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
No Result
View All Result
  • Home
    • All
    • Business
    • Media
    • Showbiz
    • Sports
    • Technology
    • World News
    Zoomlion-YEA contract won’t be renewed – Presidency

    Zoomlion-YEA contract won’t be renewed – Presidency

    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

    NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

    World Bank-Backed Reforms: Minister Sam George Justifies Dismissal of 13 Staff to Curb Corruption

    Government directs telcos to effect 10-15% data bundle increase from July 1

    Take advantage of ‘MahamaCares’ – Lordina Mahama to chronic patients

    Take advantage of ‘MahamaCares’ – Lordina Mahama to chronic patients

     NYA Boss Osman Ayariga Engages Austrian Ambassador on Youth Development Partnership

     NYA Boss Osman Ayariga Engages Austrian Ambassador on Youth Development Partnership

  • Politics
    • All
    • CPP News
    • NDC News
    • NPP News
    Calls for Sammy Gyamfi’s suspension baseless – Titus Beyuo

    Calls for Sammy Gyamfi’s suspension baseless – Titus Beyuo

    Police arrest suspect over murder of investigative journalist, Ahmed Suale

    Popular NPP Politician Linked to Ahmed Suale Murder… Police Arrest Suspect

    Volta NDC Thanks President Mahama for Keeping His Promise

    Volta NDC Thanks President Mahama for Keeping His Promise

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    • NDC News
    • NPP News
    • CPP News
  • General News
    • Africa News
    • Science
    • Technology
    • World News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
No Result
View All Result
Ghana Politics Online
No Result
View All Result
  • Home
  • Politics
  • General News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
Home Featured

Cedi Gains Prove Mahama’s Economic Agenda Is Working – Sammy Gyamfi

GhanaPoliticsOnline.com by GhanaPoliticsOnline.com
May 21, 2025
in Featured
0
0
SHARES
438
VIEWS
Share on FacebookShare on Twitter

The Ghana cedi has recorded a remarkable 16.7% appreciation between January and May
2025—a development the opposition National
Democratic Congress (NDC) credits to targeted policy actions implemented under the leadership of former President John Dramani Mahama.
According to the Acting Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, the ongoing recovery of the local currency is not accidental but rather the result of “deliberate
policy interventions” by the Mahama administration since assuming office.
In a statement released on Tuesday, Mr. Gyamfi outlined the key measures that have helped reverse the cedi’s previous downward spiral.
Among them is a “stringent monetary policy stance” adopted by the Bank of Ghana, including the decision in March 2025 to raise the
Monetary Policy Rate from 27% to 28%.

“This was partly achieved through the strategic policy decision by the Bank of Ghana in March 2025, to increase the Monetary Policy Rate by
100 basis points from 27% to 28% and the Open Market operations of the Bank,” he noted, emphasizing that the move helped curb inflation and stabilize demand.
Another contributing factor, according to Gyamfi, is renewed fiscal discipline by the Ministry of Finance, which has helped restore investor confidence in Ghana’s economy.
“Fiscal consolidation by the Ministry of Finance and the restoration of investor confidence in the Ghanaian economy anchored on fiscal discipline and prudent public finance management,” he said, has been pivotal to the turnaround.
He also attributes the strengthened cedi to robust foreign exchange inflows and increased foreign reserves-fueled in part by aggressive gold export strategies.

RECOMMENDED :  John Mahama Thanks Asantehene for Past Support, Calls for Continued Collaboration on Economic Recovery

“Robust forex inflows and accelerated foreign reserve accumulation through unprecedented gold purchases and exports by the PMMC/GoldBod. As well as enhanced foreign exchange inflows from cocoa, remittances among others,” Gyamfi stated.
He added that these internal measures have been further reinforced by a favorable external environment, noting that “a weakening of the US dollar amid global uncertainties” has provided additional tailwinds for the cedi’s performance.
The statement comes amid growing public and business sector optimism about Ghana’s economic prospects, with the strengthening cedi offering relief to importers and signaling broader macroeconomic stability. However, some economists continue to watch inflation
trends and external shocks that could test the
durability of these gains.

Nonetheless, the NDC maintains that the recent appreciation of the currency underscores the effectiveness of its economic recovery agenda and the fiscal and monetary prudence of the current administration.

Previous Post

Transport fares to drop by 15% effective May 24

Next Post

Ato Forson Achieved in 4 Months What Bawumia Failed to Do in 8 Years – Osman Ayariga

GhanaPoliticsOnline.com

GhanaPoliticsOnline.com

Next Post
Ato Forson Achieved in 4 Months What Bawumia Failed to Do in 8 Years – Osman Ayariga

Ato Forson Achieved in 4 Months What Bawumia Failed to Do in 8 Years – Osman Ayariga

FROM - OTHER CATEGORIES

Select Category

    SUGGESTED - ARTICLES

    President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

    President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

    June 12, 2025
    Zoomlion-YEA contract won’t be renewed – Presidency

    Zoomlion-YEA contract won’t be renewed – Presidency

    June 12, 2025
    Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

    Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

    June 11, 2025
    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

    June 11, 2025
     GUBA Organises Historic Welcome Reception for New Commonwealth Secretary-General Hon. Shirley Ayorkor Botchwey

     GUBA Organises Historic Welcome Reception for New Commonwealth Secretary-General Hon. Shirley Ayorkor Botchwey

    June 11, 2025
    ADVERTISEMENT

    BROWSE - ARCHIVES

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • October 2023
    • July 2023
    • February 2022
    • October 2015

    Latest Trending News

    President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

    President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

    by GhanaPoliticsOnline.com
    June 12, 2025
    0

    Zoomlion-YEA contract won’t be renewed – Presidency

    Zoomlion-YEA contract won’t be renewed – Presidency

    by GhanaPoliticsOnline.com
    June 12, 2025
    0

    Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

    Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

    by GhanaPoliticsOnline.com
    June 11, 2025
    0

    Featured News

      • All
      • Featured

      President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

      Zoomlion-YEA contract won’t be renewed – Presidency

      Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

      Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

       GUBA Organises Historic Welcome Reception for New Commonwealth Secretary-General Hon. Shirley Ayorkor Botchwey

      NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

      Government directs telcos to effect 10-15% data bundle increase from July 1

      SHOWBIZ & POLITICS

        • All
        • Showbiz
        • Politics

        President Mahama Moves to Reopen 64 Radio Stations Closed by NCA

        Zoomlion-YEA contract won’t be renewed – Presidency

        Ghana’s Embassy, 33 others in Abuja risk closure over alleged unpaid ground rent

        Ablekuma North: Order rerun of outstanding polling stations – Valerie Sawyerr to EC

         GUBA Organises Historic Welcome Reception for New Commonwealth Secretary-General Hon. Shirley Ayorkor Botchwey

        NYA CEO Osman Ayariga Rallies Support for BECE Candidates, Says Exams Mark a Step Toward Greater Opportunities

        • BBC News
        • CNN News
        • DW TV

        Ghana Politics Online – © Copyright 2024, All Rights Reserved.

        No Result
        View All Result
        • Home
        • Politics
          • NDC News
          • NPP News
          • CPP News
        • General News
          • Africa News
          • Science
          • Technology
          • World News
        • Sports
        • Showbiz
        • Business
        • Opinions
        • Lifestyle
        • Media
        • Health

        Ghana Politics Online – © Copyright 2024, All Rights Reserved.