President John Dramani Mahama has told managers of Ghana’s currency to continue whatever they are doing, as the cedi regains respect both locally and internationally.
According to John Mahama, Ghanaians are grateful to the Bank of Ghana and the Finance Ministry for their management of the cedi.
Mahama made this known at the Cedi@60 commemoration by the Bank of Ghana in Accra, themed “Sovereignty, Stability, and Economic Resilience”.
Speaking at the event, John Mahama stated, “I just want to say that the governor and all your team at the BoG, the Ministry of Finance, Ghanaians are grateful to you for the management of our currency”.
“I think that a lot of respect has returned to our currency. And it’s my hope that you will keep whatever you are doing to make sure that we don’t have excess liquidity, all those words you people have; open market operations, whatever, those your technical jargons are,” President Mahama noted.
He further urged the Bank of Ghana and the Ministry to continue their work in stabilising the cedi, “Whatever you are doing, continue doing so, so that the cedi is respected,” he said.
Mahama further detailed that the cedi is anchored on monetary policy, shaped expectations and absorbed domestic, regional, and global shocks.
He added, “Not nearly as a unit of account or a medium of exchange, but as a declaration of independence, our identity, and the capacity of our state,”
“The world is witnessing the emergence of a hybrid monetary ecosystem…Trust in institutions has become as crucial as technical capacity”
Furthermore, Dr Johnson Asiama, the Governor of the Bank of Ghana, has said protecting the Cedi is a shared duty.
Dr Johnson Asiama at the Currency Anniversary added, “It is my hope that every Ghanaian—from the child learning to count, to the trader serving her community, to the entrepreneur building something new—can continue to hold the Cedi with unwavering confidence and pride.”
“May we always remember that protecting the Cedi is not the task of any one institution. It is a shared endeavour—an endeavour rooted in our belief in Ghana’s future”, he added.
He further called for a forward-looking approach to strengthen public trust in the Cedi.
The BoG boss added, “Young Ghanaians are growing up in a world where value is moved instantly, where digital interaction is second nature, and where expectations of transparency and accountability continue to rise”.
“Part of our responsibility as policymakers, technicians, and leaders is to ensure that the Cedi—however it is accessed—continues to serve these aspirations,” he said.
Meanwhile, the Cedi@60 celebration marks six decades since Ghana introduced its national currency.
The cedi replaced the Ghanaian Pound in 1965, a historic milestone representing Ghana’s enduring pursuit of economic sovereignty and stability.
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