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Atik Mohammed, a socio-economic analyst, has advised Ghanaians to exercise caution in celebrating the recent appreciation of the Ghanaian cedi, warning that short-term gains could be misleading without long-term policy support.
As of May 6, 2025, the Ghanaian cedi (GHS) has strengthened to GHS 13.47 per US dollar (USD), marking a 7.44% gain year-to-date. This comes after the currency suffered a sharp 45.1% depreciation in 2022. The improvement has sparked optimism among many citizens, with some praising the government’s economic management during its first 120 days in office.
However, speaking on Peace FM’s “Kokrokoo” morning show, Atik urged a more measured response.
“I would caution against early jubilation because so many things need to be in place to sustain this currency—its strength is not enough,” he said.
He went on to question the tendency to celebrate marginal improvements in the currency’s performance.
“What is the need to celebrate? It’s actually an indictment on us that a country like Ghana gets overly excited about small gains like this.”
Addressing suggestions that the cedi’s appreciation might be linked to external factors such as the US-China trade tensions, Atik acknowledged the global dynamics at play but emphasized that the recent stability is more directly tied to what he described as sound fiscal decisions by the Mahama administration.
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