Ghana Inflation Fall: Cedi Dey Strong, Stocks Dey Rise!
Colaboradores
Ghana economy dey change fast! Inflation fall reach 13.7% for June 2025, six months straight wey e dey go down. E lef from 21.2% wey e be for April. Cedi dey strong, government dey do better things for economy, so investor dem dey happy again. But e go last? Wetin e mean for cedi to dey go up, companies wey dey sell outside Ghana, and stock market?
How Inflation Take U-Turn: Wetin Push Am?
Three things dey make inflation fall for Ghana:
- Cedi Wey Dey Strong: Cedi rise reach GHS 11.70 for every USD for May 2025, from GHS 14.5 for early 2024. If our money strong, things wey we dey buy from outside go cheap, especially oil and food wey we dey import plenty.
- Government Wey Dey Arrange Money Well: Government dey try pay debt and dey follow rules wey IMF give, so people dey trust dem. Bank of Ghana still keep interest rate high for 28%, to stop money from dey flow too much.
- Things Wey We Dey Sell Outside Dey Blow: We sell plenty gold (close to $900 million for April 2025) and cocoa dey do well, so we get more foreign money. Our reserve money rise reach $10.7 billion for April 2025 - we fit use am buy things from outside for 4.7 months, from 2.5 months for late 2023.
But problem still dey. Dem say inflation go fall reach 15% by end of year, but things still cost. Food price still high. And we get $8.7 billion debt to pay before 2028 - 55% of am dey due for 2027–2028 - e be big challenge.
Cedi Wey Dey Strong: E Get Two Sides
Cedi wey dey strong get two sides. E dey help us buy things cheap from outside...