The Finance Minister Ken Ofori-Atta has said that the Cedi has stabilized against the dollar since early 2023 with a year-to-date, cumulative depreciation of 25.7 percent compared to 54.1 percent over the same period in 2022.
Specifically, he said, the Cedi has only depreciated by 6.4 percent on a cumulative basis since February 2023 compared to 53.9 percent over the same period in 2022.
“The stability of the Cedi largely reflects the positive impact from the restoration of economic activity,”
“Indeed, President Akufo Addo has deepened decentralised development by investing GH¢422.1 million
to create and resource six new administrative regions. The most in our history since independence.
Consistent with our policy on preferential options for the poor, i.e. leaving no one behind, we have been historic in enhancing social mobility and protected the vulnerable in our society.
In this regard, we have since 2017: improved access to quality SHS education for about 5.7 million Ghanaians by investing GH¢8.4 billion in the future of our next generation”