{"id":380999,"date":"2025-11-15T15:40:19","date_gmt":"2025-11-15T15:40:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/380999\/"},"modified":"2025-11-15T15:40:19","modified_gmt":"2025-11-15T15:40:19","slug":"we-expected-cedi-to-trade-at-gh%c2%a28-per-1-after-heavy-bog-interventions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/380999\/","title":{"rendered":"We expected cedi to trade at GH\u00a28 per $1 after heavy BoG interventions"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/We-expected-cedi-to-trade-at-GH-8-per-1-after-heavy-BoG-interventions-Minority-2009574?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/37317576.295.jpg\" alt=\"Dr Mohammed Amin Adam is a former finance minister\" title=\"Dr Mohammed Amin Adam is a former finance minister\" width=\"295\" height=\"197\" \/> <\/a>Dr Mohammed Amin Adam is a former finance minister<\/p>\n<p id=\"article-123\">The Minority Caucus has questioned the effectiveness of the government\u2019s currency interventions, saying the cedi fell short of expectations despite heavy market support.<\/p>\n<p>This follows the presentation of the 2026 Budget on Thursday, themed \u201cResetting for Growth, Jobs and Economic Transformation,\u201d in which Finance Minister Dr Ato Forson outlined a \u201cBig Push\u201d to boost infrastructure, exports, and job creation.<\/p>\n<p>Among the proposals, Dr Forson highlighted the abolition of the COVID-19 levy and projected a decline in inflation for 2026.<\/p>\n<p>Speaking at a media briefing, former Finance Minister Dr Mohammed Amin Adam said the local currency had not performed as anticipated despite significant interventions by the Bank of Ghana.<\/p>\n<p>\u201cWe expected the cedi to at least trade at GH\u00a28 per $1 given the heavy intervention from the BoG,\u201d he said.<\/p>\n<p>Dr Adam added that while the government points to macroeconomic stability, much of the cedi\u2019s apparent strength has been artificially supported through billions of dollars in forex injections.<\/p>\n<p>The Minority argued that this short-term stabilization obscures deeper structural weaknesses in productivity, exports, and foreign exchange supply, leaving the economy vulnerable despite headline gains.<\/p>\n","protected":false},"excerpt":{"rendered":"Dr Mohammed Amin Adam is a former finance minister The Minority Caucus has questioned the effectiveness of the&hellip;\n","protected":false},"author":3,"featured_media":381000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-380999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115554473367126356","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/380999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=380999"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/380999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/381000"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=380999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=380999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=380999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}