Economist Adjei Boateng, CFA, has projected a strong outlook for the Ghanaian cedi in 2025, indicating that the local currency could appreciate against major international currencies for the first time in over 20 years.
His projection comes amid a recent rebound by the Cedi against the US dollar, euro, and British pound — a performance that has renewed optimism about the currency’s stability.
Speaking on The Point of View with Bernard Avle on Channel One TV on Monday, May 12, Mr Boateng attributed the positive trend to improved foreign inflows and better macroeconomic management.
He also pointed to seasonal patterns that typically benefit the Cedi in the final quarter of the year.
“Quarter 4 is for obvious reasons, because our sisters and brothers abroad often come in, they send money and come and spend. That often feeds in a lot, and there are a lot of activities,” he explained.
Mr Boateng added that the inflow of remittances and the economic boost from holiday-season spending tend to support the Cedi’s performance during that period.
“All of that feeds into a strong quarter 4. The years in which we have seen depreciation in the first quarters are often quite small. So, generally, there’s a lot more remittances coming in. The Detty December and other activities show that our brothers and sisters come in. Historically, that has been quite positive,” he noted.
His comments align with growing market confidence in the Cedi, driven by Ghana’s efforts to stabilise its economy and attract foreign investment.
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