The Majority Caucus in Parliament has rallied behind the Bank of Ghana (BoG), praising the central bank for what it calls a remarkable rebound in the performance of the Cedi since the National Democratic Congress (NDC) assumed office.
At a press briefing on Thursday, April 30, the Member of Parliament for Sagnarigu, Issah Atta, maintained that the BoG deserves commendation rather than criticism for its recent accomplishments.
He argued that the Bank’s monetary measures and targeted interventions have been pivotal in restoring confidence in the local currency and strengthening Ghana’s macroeconomic fundamentals.
According to him, the Cedi’s performance over the past year represents a significant turnaround compared to the difficulties of 2024, when the currency came under severe depreciation pressures.
He stressed that the current trajectory points to stability and resilience, attributing the gains to prudent economic management and coordinated policy actions by the BoG.
*“The stabilisation of the Cedi that we saw which lost its value of 19 percent in 2024, for the first time in many years, gained its strength of 41 percent in 2025 and named the strongest currency of any emerging market in the world in 2025.
The international reserve grew from GH¢9.1 billion as at the end of 2024 to GH¢13.8 billion at the end of 2025 and now stood at GH¢14.5 billion as at February 2026, the highest reserve Ghana has ever recorded in history,”* he stated.
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