The Executive Secretary of the Importers and Exporters Association of Ghana, Samson Asaaki Awingobit, has lauded the growing stability of the Ghanaian Cedi and easing inflation, crediting it to improved coordination between the Ministry of Finance and the Bank of Ghana under President John Dramani Mahama.
Speaking on The Big Issue on Channel One TV on Saturday, May 17, 2025, Asaaki pointed to what he described as effective collaboration between Finance Minister, Dr. Cassiel Ato Forson and Bank of Ghana Governor Dr. Johnson Asiamah — a marked shift from the disjointed policy approach he says characterized the previous administration.
“The Minister of Finance and the Governor of the Bank of Ghana under the previous administration were not communicating as two institutions will work. What I’m saying is that these two institutions must work together.”
He said the current policy synergy is crucial for macroeconomic recovery, restoring business confidence and attracting investment.
“Fiscal policy must go along with monetary policy to be able to bring confidence of inflation down, bring confidence of Cedi stability and that is what Dr. Asiamah and Hon. Ato Forson have done. And so we need to applaud them and say that look, going forward they need to work together because the President put them there to help him give confidence to business and woo more investors into this country.”
Asaaki expressed optimism that the current trajectory of economic stability will drive renewed investor interest in Ghana’s economy.
“With this few days you will see the number of investors who will be looking to come to Ghana.”
The Cedi has seen a sustained recovery over the past month, while inflation has declined steadily — trends the business community sees as early indicators of sound macroeconomic management under the current administration.
—citinewsroom
