With the great works by NDC, 1 dollar to cedi will be 4-5 cedis by December – Dr Williams Atta Owusu
Dr. Williams Atta Owusu, has made a bold prediction on Kessben FM, stating that the Ghanaian cedi is poised for a major comeback under the new National Democratic Congress (NDC) administration led by President John Dramani Mahama.
According to Dr. Owusu, by December 2025, the exchange rate of the Ghana cedi to the US dollar could strengthen to between 4 and 5 cedis per dollar, reversing the trend of years of depreciation. He attributes this optimistic projection to what he describes as “solid economic initiatives” being rolled out by the Mahama-led government, including a transformative policy known as GoldBod.
Dr. Owusu singled out the GoldBod initiative, an economic strategy designed to back the cedi with gold reserves, as one of the key interventions that could stabilize and strengthen the local currency. Although full details of the policy are still unfolding, it is understood to be a hybrid of gold-backed financial instruments and domestic value retention mechanisms in the mining sector.
He said this initiative, along with improved fiscal discipline, reduced borrowing, enhanced local production, and investment in agriculture, will restore investor confidence and help anchor the cedi more firmly.
Dr. Owusu also expressed strong confidence in the economic team President Mahama has assembled, noting that their combined experience, pragmatism, and policy orientation are well-suited to stabilize Ghana’s economy and chart a new path of growth.
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