Ghana Tells Its UK Diaspora the Economy Has Stabilized as Inflation Falls to 3.4%

At a diaspora town hall in the United Kingdom, Ghana’s finance minister told citizens abroad that the economy has stabilised after a severe crisis, pointing to inflation falling to about 3.4 percent in April from 23.8 percent at the end of 2024, a firmer cedi, and a sharp drop in Treasury-bill rates that has eased borrowing for businesses and government.

For the diaspora, the picture cuts two ways. A stronger, steadier cedi and falling inflation make planning and investing at home more predictable — but a firmer cedi also means each dollar or pound sent converts into fewer cedis than during the currency’s weakest stretch. The practical move is to watch the exchange rate when timing transfers, and to weigh whether stability now favours saving or investing locally rather than only sending cash.

Source: GBC Ghana; Ghana Statistical Service.