1 dollar to cedi will be 4-5 cedis by December – Dr Atta Owusu

Dr. Williams Atta Owusu has made a bold prediction on Kessben FM, forecasting a major recovery for the Ghanaian cedi under the new National Democratic Congress (NDC) government led by President John Dramani Mahama.

According to him, the cedi could strengthen significantly by the end of 2025, potentially trading between 4 and 5 cedis to the US dollar. He attributes this projected rebound to what he describes as “solid economic initiatives” being implemented by the Mahama administration, with a particular emphasis on a new policy called GoldBod.

Dr. Owusu highlighted the GoldBod initiative as a key strategy aimed at stabilizing the currency. While full details are yet to be disclosed, the policy reportedly involves backing the cedi with gold reserves—blending gold-backed financial instruments with mechanisms to retain more value from the mining sector domestically.

He believes that when combined with enhanced fiscal discipline, reduced government borrowing, increased local production, and investment in agriculture, the initiative could help rebuild investor confidence and create a more stable economic environment.

Dr. Owusu also expressed strong faith in the economic team assembled by President Mahama, describing them as experienced, pragmatic, and policy-driven—well-positioned, he said, to steer the country toward economic recovery and sustainable growth.