{"id":93568,"date":"2025-09-11T04:56:00","date_gmt":"2025-09-11T04:56:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=93568"},"modified":"2025-09-11T04:56:00","modified_gmt":"2025-09-11T04:56:00","slug":"cedi-to-be-kept-within-5-depreciation-per-annum-as-bog-ends-market-interventions-mahama","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=93568","title":{"rendered":"Cedi to be kept within 5% depreciation per annum as BoG ends market interventions \u2013 Mahama"},"content":{"rendered":"
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President John Dramani Mahama has announced that the Bank of Ghana (BoG) has stepped back from direct interventions in the foreign exchange market, allowing the cedi to stabilise naturally after last year\u2019s steep decline.<\/p>\n

Speaking at a media engagement at Jubilee House on Wednesday, September 10, the President explained that the central bank\u2019s earlier interventions were designed to arrest rapid depreciation, which had severely undermined economic planning.<\/p>\n

\u201cI believe it was about stopping the rapid depreciation of the currency. When you have steep depreciation, like we experienced in 2024 \u2014 25% in just the first half of the year \u2014 it makes planning difficult. And so yes, the Bank of Ghana was intervening in the forex market, but they have now withdrawn,\u201d he said.<\/p>\n

President Mahama assured the public that the cedi is currently adjusting under market conditions and expressed confidence that it will soon stabilise.<\/p>\n

He further pledged that government policy would ensure that any depreciation remains contained.<\/p>\n

\u201cThe cedi is making an adjustment and I believe it will settle at a certain rate. We will make sure that any depreciation in the value of the cedi stays within about 5% per annum,\u201d he affirmed.<\/p>\n

The statement comes against a backdrop of public concern about the currency\u2019s volatility and speculation over the scale of central bank interventions.<\/p>\n

The government maintains that stabilising the cedi is critical for restoring investor confidence and supporting long-term economic management.<\/p>\n<\/div>\n

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\"CediPresident John Dramani Mahama has announced that the Bank of Ghana (BoG) has stepped back from direct interventions in the foreign exchange market, allowing the cedi to stabilise naturally after last year\u2019s steep decline.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1919,1926,111,1883,10,9],"tags":[],"class_list":["post-93568","post","type-post","status-publish","format-standard","hentry","category-cedi","category-government","category-mahama","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/93568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93568"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/93568\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}