The Cedi Stabilized Against The Dollar Early 2023 – Ofori-Atta1 min read

The Finance Minister, Ken Ofori-Atta is currently reading the 2024 budget in Parliament.

Hon. Ofori Atta said “in the past 7 years, we have invested GH¢541.5m in 169 1D1F enterprises to scale up value-addition and provided 140,000 additional jobs”.

He stated that Ghana has paid its dues, turned the corner, and getting back on track. The cedi has stabilized against the dollar since the early part of 2023″

Ken Ofori-Atta affirmed that the cedi has only depreciated by 6.4% on cumulative basis since February 2023 compared to 53.9 and over the same period in 2022.

He said Public debt accumulation has slowed down significantly.

The Finance Minister said, inflation is on a declining path in response of ongoing physical consolidation, appropriate tightening monetary policy and relative stability in the exchange rate.

He stated that the government is doing much better than expected.