Governor Asiama has denied rumors that the central bank is heavily influencing the foreign exchange market with US dollars.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has dismissed speculation that the central bank is injecting large volumes of US dollars into the foreign exchange market to stabilise the Ghanaian cedi.

The cedi has recently experienced one of its most sustained periods of stability in years. Since December 2024, the currency has not only held its ground but has also appreciated slightly against the US dollar in recent days.

Speaking on the business edition of PM Express with George Wiafe, Dr. Asiama attributed the cedi’s recent gains to strong inflows and ongoing reforms in the foreign exchange market.

Source: newsthemegh.com