Director of Communications at the Bank of Ghana, Bernard Otabil, says cash availability, not profit projections, is key to stabilising the cedi and sustaining confidence in Ghana’s economy.
The Director of Communications at the Bank of Ghana explained that liquidity remains central to the country’s efforts to maintain exchange rate stability.
He noted that while profit figures may reflect long-term performance, they do not provide the immediate assurance needed to support the financial system.
“Cash is what keeps the system alive in real time; profit is only an expectation,” Otabil said,
Otabil emphasised that strong cash positions across banks and businesses help reduce uncertainty and limit speculative pressures on the foreign exchange market.
According to him, confidence in the cedi improves when institutions focus on real cash flow rather than anticipated earnings.
His remarks come as the Bank of Ghana continues to implement monetary measures aimed at controlling inflation and strengthening the local currency. These include targeted interventions in the forex market and policies to manage liquidity levels within the banking sector.
He further urged financial institutions and businesses to adopt disciplined cash management practices, stressing that liquidity plays a critical role in sustaining economic stability.
The central bank maintains that coordinated efforts across the financial sector will be essential to consolidating recent gains and ensuring long-term resilience of the cedi.
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