President John Mahama has projected that the ideal exchange rate for the Ghana cedi should fall between GH¢10 and GH¢12 to the US dollar.
Speaking at a policy dialogue with the Federation of Associations of Ghanaian Exporters (FAGE), he described the range as a fair value that supports exporters without making imports too cheap.
Mahama emphasized that an overly strong cedi, such as GH¢4 to $1, would undermine Ghana’s export competitiveness. He added that a stable cedi within this proposed range would relieve pressure on the economy while encouraging local production.
He also called for reduced trade barriers and enhanced value addition to exports as strategies to sustain foreign exchange earnings and economic resilience.
