Midyear Budget Presentation: Ato Forson is working on stabilizing the cedi–dollar relationship for business class to forecast and budget well – Hon. Nicholas Amankwah
Hon. Nicholas Amankwah emphasized that stability in the cedi–dollar exchange rate is vital for Ghana’s business sector, especially ahead of the mid‑year budget presentation scheduled for Thursday.
According to the MP, steady exchange conditions enable enterprises to forecast expenditures, manage working capital, and bid competitively on projects denominated in foreign currency.
Since February 2025 the cedi has remained relatively stable around GH¢10.53 – GHC12 per dollar.
He said businesses can more accurately plan foreign-currency expenses (like imports or debt) when the cedi is stable.
Volatile exchange rates drive up prices of imports, reducing material costs helps control inflation.
A predictable macroeconomic environment boosts investor appetite for local ventures, especially for SMEs and traders, a steady exchange rate safeguards capital from forex losses.
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