Financial analyst Joe Jackson has highlighted a combination of internal and external influences as the reasons behind the cedi’s recent appreciation.

As the Chief Executive Officer of Dalex Finance, Jackson commended the Gold4Oil initiative for providing stability to the cedi. He also pointed to the global decline in the dollar’s value, which he linked to certain policies enacted by former US President Donald Trump, as a significant external factor affecting the currency.

“The cedi is appreciating because the dollar is in trouble,” Jackson stated during an appearance on TV3’s KeyPoints on May 17.