CEDI GAINS MARGINALLY AGAINST DOLLAR AS DEMAND PRESSURES WANE - HON. PATRICK YAW BOAMAH

Member of Parliament for Okaikwei Central, Patrick Yaw Boamah has outlined pros and cons in the local and international stock market. 

Speaking to the media, he explains that the emerging market currencies have made significant gains against the US dollar over the past two months. 
The dollar index, which measures the dollar's strength against a basket of currencies, has fallen by 4.7% in April alone. 
Some notable emerging market currencies that have gained against the dollar include the euro, which has gained by 0.7 percent, the pound sterling, the Australian dollar, the Chinese yuan, and many more currencies.

The Okaikwei Central lawmaker cited these gains can be attributed to various factors, including US-China trade tensions. 
The ongoing trade standoff has led to a decline in investor confidence in the US dollar.
Also the Federal Reserve monetary policy  interest rate decisions have influenced global capital flows, with a weaker dollar making emerging market assets more attractive.
Hon. Boamah also citited that strong growth in emerging markets has attracted foreign investment, boosting their currencies.

He further revealed that in Ghana, the cedi has appreciated by some margin against the US dollar alone in April 2025 .  
The Ghanaian cedi has gained about 6.82% against the US dollar in April 2025, with the exchange rate decreasing from 15.49510 GHS per USD on April 2 to 14.43811 GHS per USD as of the end of the month.

He reiterated about the tariff war, which has weakened the US economy and the fiscal policy, which has remained constrained, with many jobs executed in 2024 still not being paid.
Also the central bank having pumped in about $1 billion from sources including the IMF.

Which to him will be exciting and beneficial  to the business community, both local and international, to see the Cedi in good shape for predictability and proper planning. A lot more has
 to be done in the area of revenue mobilization, and strict enforcement of some policies by the Central Bank.