The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called ‘Zabarma’.
He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee meetings
Speaking at the Graphic Business/Stanbic Bank Breakfast meeting on July 15, 2025, Dr. Asiama expressed surprise that some Ghanaians form their expectations of the cedi from uninformed sources and begin to liquidate their funds out of panic.
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama
“It appears in Ghana the way we form our expectations when it comes to the exchange rate is to listen to the Zabarma, is to listen to the Alhaji in the corner. I think that’s where the problem is”, he said.
He pointed out that a cursory observation of the data published by the Bank of Ghana shows the predictions and the expectations of the black market is far from the reality.
“You have a country whose trade surplus has doubled compared to last year. If you have a country which Current Account has increased from a mere 66 million dollars to over 2 billion dollars in the first quarter of this year, why are you surprised when the exchange rate is showing stability? Look at the data”, he argued.
source:www.senaradioonline.com
