{"id":94373,"date":"2025-09-16T10:39:38","date_gmt":"2025-09-16T10:39:38","guid":{"rendered":"https:\/\/sotnews.agency\/?p=94373"},"modified":"2025-09-16T10:39:38","modified_gmt":"2025-09-16T10:39:38","slug":"professor-bokpin-forecasts-gh%e2%82%b5-13-5-to-1-us-by-year-end","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=94373","title":{"rendered":"Professor Bokpin forecasts GH\u20b5 13.5 to 1 US$ by year-end"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 32 Second <\/div>\n\n <\/div>
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The Ghana Cedi, following a period of unprecedented gains, is expected to face seasonal pressures and a market correction, with its value likely to stabilise between GH\u20b513.5 and GH\u20b514 per U.S. dollar by the end of 2025. <\/p>\n

This forecast was provided by renowned economist Professor Godfred Bokpin in an exclusive interview on Joy FM today, September 16, where he urged Ghanaians to maintain a sense of calm and focus on the nation\u2019s economic fundamentals.<\/p>\n

Prof. Bokpin explained that the Cedi\u2019s recent volatility is a natural market phenomenon. <\/p>\n

He stated, \u201cWe have our peak period and then we have our low period as well. In the peak period, when we experience what we call cash flow mismatch in terms of inflows and then outflows\u2026businesses would import in anticipation of Christmas and all of that. So the demand will pick up.\u201d <\/p>\n

He added that a similar pattern is expected as government spending increases, which will also put pressure on the currency.<\/p>\n

The Cedi\u2019s performance this year has been a tale of two halves. <\/p>\n

In the first half, it staged a significant comeback, appreciating by approximately 40.5% against the US dollar by the end of May. <\/p>\n

READ ALSO: Cedi jumped the gun; correction normal \u2014 Prof Bokpin<\/p>\n

This impressive run, which was its strongest in years, was driven by improved investor sentiment, a robust disinflationary trend, and a successful debt restructuring programme. <\/p>\n

However, as Prof. Bokpin pointed out, this rapid appreciation was not sustainable because it \u201cjumped the gun\u201d and went far ahead of the real economic recovery.<\/p>\n

Prof. Bokpin highlighted a concerning issue of \u201cwide divergence\u201d in the exchange rates offered by different segments of the market. <\/p>\n

\u201cIf you look at the average rate in the bank and you compare that to the forex bureau and then, of course, the outer layer black market, the divergence is too wide,\u201d he said. <\/p>\n

He called on the Bank of Ghana to address this to curb speculative activity and create a more transparent market.<\/p>\n

He also cautioned against the national obsession with the daily exchange rate. <\/p>\n

\u201cI get a bit concerned because every now and then, if you look at extreme rate discussions and you do a market survey, it\u2019s more or less dominating our economic discussions much more than anything else, and I think that is not good enough,\u201d he lamented. <\/p>\n

He stressed the need to de-escalate this focus and shift attention to what matters most: the real sector of the economy.<\/p>\n

Ghana\u2019s economic data provides some reasons for optimism. <\/p>\n

The country\u2019s annual inflation rate has fallen significantly to 11.5% as of August 2025, its lowest since late 2021. <\/p>\n

The economy has also shown resilience, with a 6.3% GDP growth in the second quarter of 2025, primarily driven by the services sector. <\/p>\n

These positive indicators, according to Prof. Bokpin, show that the country has \u201cexited the peak of our crisis recovery,\u201d and that the current fluctuations are simply a part of a normal, albeit complex, market adjustment.<\/p>\n<\/div>\n

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\"ProfessorThe Ghana Cedi, following a period of unprecedented gains, is expected to face seasonal pressures and a market correction, with its value likely to stabilise between GH\u20b513.5 and GH\u20b514 per U.S. dollar by the end of 2025.<\/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":[1919,319,536,1951,1883,117,10,9],"tags":[],"class_list":["post-94373","post","type-post","status-publish","format-standard","hentry","category-cedi","category-economy","category-ghana","category-hp-news-1","category-national","category-news","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94373","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=94373"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94373\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}