President John Dramani Mahama has disclosed having held consultations with the Finance Minister and the Governor of the Bank of Ghana, over the current performance of the cedi.

According to him, economic managers are of the view that the “real value” of the currency should lie between GH₵10 and GH₵12 to the US dollar.

Mr Mahama made this revelation during a courtesy call by the Federation of Ghanaian Exporters (FAGE), where discussions focused on export growth and foreign exchange stability.

The president emphasised the need for a strategic economic outlook that supports Ghanaian exporters and protects domestic industries from becoming overly dependent on imports.

President of the FAGE, Mr Davies Korboe, lauded the government for recent gains made by the cedi against major trading currencies. He expressed optimism that sustained collaboration between stakeholders, coupled with higher export volumes, could help consolidate the stability of the currency and promote long-term macroeconomic growth.

The meeting also underscored the need for increased investment in the export sector and called for a renewed national commitment to industrialisation and value addition.