The Chairman of the Commonwealth Enterprise and Investment Council, Lord Marland, has praised the Ghanaian government’s efforts to stabilise the cedi, calling it a critical step in boosting investor confidence and economic growth.
Speaking to journalists on September 11, 2025 during his visit to Ghana, Lord Marland said the recent performance of the cedi, despite some depreciation, sends a strong signal to international investors.
He said “What the president announced yesterday is very good and sensible and encouraging,” “Stable currency allows people to invest against their own currency knowing that if they put a pound in and it was the same value as against the local currency it is today and as it is when it comes out, then that gives great confidence to outwards investment.”
The cedi, which began the year trading at around GHS14 to the US dollar, appreciated to GHS10.50 before settling at approximately GHS12 in recent weeks. President John Mahama on September 10, 2025 during his first media engagement has attributed the fluctuations to market corrections and noted that the current rate reflects a more realistic valuation of the currency. He also reiterated the government’s commitment to limiting annual depreciation to no more than 5%.
Lord Marland said these assurances from the President provide renewed confidence for the business community and international stakeholders.
In addition to the currency stabilisation efforts, Lord Marland also expressed strong support for the government’s 24-hour economy initiative, a flagship policy designed to stimulate round-the-clock economic activity.
“A lot of countries are working on the 24-hour economy, but I think it’s very exciting. Getting people back to work, getting people working, is the only way that you can get productivity, investment, and you get growth in the economy,” he said. “And that’s what your president is seeking to achieve. I commend the government for trying to do that. It’s a positive message.” Lord Marland stated.
The 24-hour economy policy aims to extend productivity beyond traditional working hours by encouraging businesses to operate in shifts, particularly in sectors such as manufacturing, logistics, retail, and services. The government believes this approach will reduce unemployment, improve service delivery, and enhance Ghana’s competitiveness in the global market by utilising existing infrastructure more efficiently.
The visit by Lord Marland highlights the growing interest among Commonwealth investors in Ghana’s economic trajectory, particularly as the government doubles down on stability and long-term growth strategies.
