The Majority Caucus in Parliament has rallied behind the Bank of Ghana, applauding the institution for what it says is a strong recovery in the performance of the Ghana cedi since the National Democratic Congress returned to office.

Speaking at a press briefing on Thursday, April 30, the Member of Parliament for Sagnarigu, Issah Atta, said the central bank should be recognised for its recent economic interventions rather than criticised.

He explained that policies introduced by the Bank of Ghana have helped rebuild confidence in the local currency while contributing to improved macroeconomic conditions.

According to the lawmaker, the cedi’s recent performance represents a significant turnaround compared to the sharp depreciation recorded in 2024.

Mr. Atta stated that the current stability of the currency reflects effective economic coordination and policy measures implemented by the central bank to strengthen the economy.

“The stabilisation of the Cedi that we saw which lost its value of 19 percent in 2024, for the first time in many years, gained its strength of 41 percent in 2025 and named the strongest currency of any emerging market in the world in 2025.

“The international reserve grew from GH¢9.1 billion as at the end of 2024 to GH¢13.8 billion at the end of 2025 and now stood at GH¢14.5 billion as at February 2026, the highest reserve Ghana has ever recorded in history.”