Manager of Macroeconomic Research at GCB Bank PLC, Courage Boti, says he does not expect the cedi to record any significant appreciation in the near term, citing improving macroeconomic stability rather than further gains.

According to him, recent economic indicators point to a more balanced and stable currency environment, suggesting that any future movements in the cedi are likely to be marginal.

Speaking to the media at the Fourth Annual Forecast Dinner and Charter Recognition Ceremony organised by the Chartered Financial Analyst (CFA) Society Ghana, Mr. Boti explained that while pressures on the local currency have eased, the current exchange rate largely reflects its fair value.

“I do not expect further strong appreciation like we have seen in 2025. And the reason largely is that the interventions worked out. What we have today looks like the fair value of the cedi. You could expect some marginal depreciation this year if the fundamentals that drove this kind of appreciation or correction are sustained,” he said.

Meanwhile, the Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, reiterated the Exchange’s commitment to deepening Ghana’s capital market by supporting businesses willing to list.

She noted that the GSE remains ready to create an enabling environment through policy advocacy, market reforms, and investor education to encourage more companies to access long-term financing via the capital market.

According to her, “On the equities market, we have 35, 36 companies listed. There are thousands of companies registered in Ghana. Let me and my team know what products you want to bring. We will facilitate from the policy makers, from the infrastructure perspective, from the rules perspective. We will create that enabling environment.”

The Forecast Dinner and Charter Recognition Ceremony, held ahead of the 2026 financial year, forms part of CFA Society Ghana’s annual programmes aimed at providing insights into economic trends and market outlooks and recognising newly chartered financial analysts.

The event brought together key players from the banking sector, capital markets, academia, and policy institutions to discuss expectations for the economy in the year ahead.