Ghana's Central Bank Governor Denies Cedi Manipulation

Ghana's Central Bank Denies Cedi Manipulation Claims Accra, Ghana – Dr. Johnson Asiamah, Governor of the Bank of Ghana (BoG), recently addressed claims of Central Bank manipulation in the recent appreciation of the Ghanaian cedi. Speaking at the Ghana CEO Summit, Asiamah firmly stated, "The Central Bank is not using its international reserves to support the cedi. It's all market-driven." He attributed the cedi's strengthening to a combination of factors, including disciplined monetary policies, reforms to the foreign exchange auction system, and improvements in remittance channels. The BoG's commitment to transparency and market-based mechanisms is crucial for maintaining economic stability and investor confidence. Asiamah's statements aim to dispel rumors and reassure the public about the cedi's future.