Cedi Appreciation: IEA’s Vladimir Antwi-Danso Says Cedi’s Value Will Drop in December

• A popular International Relations expert has warned of a possible reduction in the value of the Ghanaian cedi
• Dr Vladimir Antwi-Danso, during an address to the media, stated that the value of the cedi will drop in December
• He explained that the government has not implemented the needed measures to stabilise the local currency over the long term

A Senior Fellow at the Institute of Economic Affairs (IEA), Dr Vladimir Antwi-Danso, has predicted a downward trend of the cedi’s value towards the end of the year, despite its recent appreciation against major foreign currencies, including the US dollar.

During an interview, Dr Antwi-Danso stated that the value of the cedi will depreciate again in December 2025.

He explained that the government has not rolled out the necessary measures to enable the cedi to maintain its strength against the dollar and other currencies.

Dr Antwi-Danso stated that the best way to stabilise the Ghanaian cedi is to make Ghana an export-driven economy.

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"We must try and be an export economy. That’s the only way to stabilise your economy. That’s the only way you make the other currency lower or the cedi stronger. So what we are doing is that we are not stabilising permanently.

Ghanaian cedi witnesses sharp rise in value

Ghana's currency, the cedi, has recently experienced a steep rise in value. As of the time of filing this report, the cedi's value was GH¢10.36 per US dollar.

This is an improvement from the GH¢15 per dollar inherited by the Mahama administration after the 2024 elections.

The movement has been attributed to various factors, including a trade war initiated by US President Donald Trump against China.

Others have also credited the government led by President John Dramani Mahama for the recent developments.

During his interaction with the press, Dr Antwi-Danso indicated that the cedi's rally has nothing to do with measures implemented by the government.

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Man who accurately predicted Cedi's rise forecasts GH¢3 to $1 by end of July

He therefore advised the government to consider making the economy an export-driven one, since that is what will save the cedi from losing its value again.

"We will relapse by December. I believe that it will relapse, and I’m saying this from a technical point of view, and I’m not doing politics with it. What I’m trying to say is that it’s not yet hurray for the cedi kind of appreciation we are seeing," he said.

Watch the video of Dr Danso explaining the dynamics of the cedi appreciation:

Reactions to 'Cedi falling by December' projections

Netizens who saw the video of Dr Antwi-Danso predicting the depreciation of the Ghana Cedi expressed mixed reactions in the comments section. While some praised him, others criticised him.

@msistegba wrote:

"Which data did he use to determine that? It’s high time journalists ask relevant questions. You allow them to spew anything they feel like without any data supporting such claims; it’s clear the dude is politicking."

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Ghanaian worker in Qatar packs his bags to return home as falling cedi wipes out earnings

@kwayisiisaac wrote:

"Your man Dey talk o."

@AgbesiPeter wrote:

"Why does an international relations and security expert feel inclined to say this?"

@IluvMaGaf wrote:

"Eii witchcraft paa nie. How about you enjoy the appreciation of the Cedi and suggest innovative ways to stabilise or even make it better? Why is our culture centred on 'Pull him Down' syndrome? What will you benefit from the Cedi depreciation? Very sad to watch."

Man who accurately predicted Cedi's rise speaks

In a related development, YEN.com.gh reported that a Ghanaian man who previously predicted the rise in the value of the Ghana cedi has made another prediction.

In a video, the man popularly known on TikTok as Paddlemore noted that the cedi will gain more strength by the end of July, predicting GH¢3 to $1.

He further advised investors on what to do in his video, which has since gone viral and drawn various reactions.

Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.

Source: YEN.com.gh