Cedi's early stability a relief to the economy - Speaker Bagbin

The Speaker of Parliament, Alban Kingsford Sumana Bagbin, has praised the authorities for its dedicated efforts successful stabilising the nationalist currency, acknowledging the cedi's caller marginal appreciation against the US dollar and different planetary currencies.

According to Speaker Bagbin, the caller appreciation of the cedi and its continued stableness connection important relief, particularly successful airy of its mediocre show successful erstwhile years.

He described the improvement arsenic encouraging, noting that it creates an accidental for traders to reappraisal and perchance trim the prices of goods and services.

“It is simply a large alleviation arsenic the Ghana cedi is surging successful worth against astir each different currencies successful the satellite and becoming competitory again. It is refreshing that cross-border traders are already redeeming connected the upward surge successful the value. For the archetypal clip successful a agelong while, traders person country to reappraisal the prices of their goods and services downward and radical are much consenting to invoice and person payments successful cedis,” helium wrote connected Facebook connected Friday, May 9, 2025.

Bagbin further noted that the imaginable downward reappraisal of prices, driven by the cedi’s improved show and its increasing competitiveness against different currencies, volition positively interaction the lives of Ghanaians.

Attributing these affirmative developments to the government’s reset agenda, Bagbin called connected Ghanaians to enactment collaboratively with the authorities successful its efforts, emphasising that specified unity and enactment stay indispensable for the nation’s advancement and corporate well-being of citizens.

“This, coupled with competitory tendencies volition marque the gains successful the cedi soon bespeak connected the wide prices of goods and services for the payment of each Ghanaians. Inspiringly, these are lone a fewer months successful the reset agenda. Let's support pushing to marque Ghana and Africa great,” helium said.

The erstwhile lawmaker’s remarks travel a caller Bloomberg study which highlighted the cedi arsenic the world’s best-performing currency, noting a 16% appreciation against the US dollar since April 2025.

MAG/VPO