Dr. Johnson Asiama assures Cedi stability for Christmas season

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has assured the public and the business community that the Ghanaian Cedi will remain stable through the upcoming Christmas festivities. Speaking on November 2, 2026, the Governor expressed confidence in the central bank's ability to manage exchange rate pressures, despite the traditional surge in demand for foreign currency that typically accompanies the end-of-year period. These remarks were made during the African Virtual Assets Summit, where Dr. Asiama aimed to provide a sense of predictability for the national economy. His comments come at a time of heightened scrutiny regarding the local currency's performance against major global currencies. The Governor emphasized that the central bank expects a favorable exchange-rate environment, which should provide relief to businesses planning their holiday imports and consumers concerned about seasonal price hikes. According to the latest interbank exchange rates cited during the period of the announcement, the Cedi was trading at GH₵11.6142 for buying and GH₵11.6258 for selling against the US dollar. The central bank's rates also provided benchmark figures for the British pound and the Euro, reflecting the broader stability the Governor is banking on. The Governor's intervention is seen as a strategic effort to bolster public confidence and discourage speculative behavior in the currency market. By signaling the Bank of Ghana's readiness to maintain a stable environment, Dr. Asiama aims to ensure a smoother economic transition into the new year, allowing for a more predictable festive season for both the private sector and individual Ghanaians.