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25th June 2024 5:19:32 PM
1 min readBy: Chris Kodo

The Minister for Finance, Dr. Amin Adam, has confidently predicted that the Ghana Cedi will rebound against the United States dollar, despite its recent depreciation against other major currencies.
Speaking as both Finance Minister and Member of Parliament for Karaga, he made this prediction while announcing the completion of the government's debt restructuring program with its official creditors.
Dr. Adam highlighted that the successful restructuring of $5.1 billion in debt with these creditors, along with the concluded $13.1 billion restructuring with Eurobond holders, positions the nation towards economic stability. This newfound confidence is expected to attract investors, thereby strengthening the cedi.
"Watch the cedi to the dollar after tomorrow. Let's watch it and see; the confidence will come," he stated.
"The investors will return to Ghana, and the growth trajectory will even become clearer for all of us," Dr. Amin Adam added.
The minister made these remarks at a town hall meeting in the UK over the weekend.
Highlighting the superior economic management by the current New Patriotic Party (NPP), Dr. Adam expressed confidence in the party's ability to secure victory in the 2024 general elections against the opposition National Democratic Congress (NDC).
"On the economy, our record is better than their record. On the size of the economy, we've done better than them. On per capita income, we've done better than them. On job creation, we've done better than them. On economic growth, we've done better than them," the minister said.
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