There is nothing wrong with injecting more money into the Ghana economy to stabilize the cedi-dollar rate – Dr Sammy Ayeh
Dr. Sammy Ayeh, a Presidential aide and member of the Government Communications Team, has stated that there is nothing wrong with injecting additional funds into Ghana’s economy as part of efforts to stabilize the cedi against the US dollar.
Speaking in an interview on Kessben with Wofa Kofi Appiah, Dr. Ayeh explained that strategic financial interventions by the government and the Bank of Ghana can help ease liquidity pressures, support businesses, and restore confidence in the local currency.
“There is absolutely nothing wrong with injecting more money into the economy if it is done wisely and for the right reasons,” Dr. Ayeh said. “The aim is to strengthen the cedi, ensure price stability, and support productive sectors to drive growth.”
He noted that such monetary interventions are not unusual and are commonly used by governments worldwide to stabilize their economies during periods of currency volatility or inflationary pressures. According to him, what matters most is ensuring that the injected funds are targeted towards productive areas that can generate returns and sustain economic balance.
Dr. Ayeh further emphasized that the Mahama-led administration remains focused on implementing sound economic policies that will promote stability, protect local industries, and improve the livelihoods of Ghanaians.
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