‘$1 will be Gh¢15 by December’ – Assafuah slams Finance Minister over ‘currency settings’
MP Vincent Ekow Assafuah has criticized Finance Minister Dr. Cassiel Ato Forson's approach to stabilizing the Ghana cedi, calling it "lazy" and unsustainable. He claims the cedi's earlier strengthening was due to a $4.4 billion injection by the Bank of Ghana, not sound policy. Assafuah argues this short-term fix will fail, predicting the cedi will sharply depreciate, potentially reaching GHC15 to $1 by December. He accuses the government of prioritizing political optics over effective economic solutions, masking the cedi's underlying weaknesses. The current interbank exchange rate shows the US dollar trading around GHC11.96.
Sentiment: Negative (
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Bias: Neutral
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Verified on Sep 08, 2025