Dr Cassiel Ato Forson, the Finance Minister, has urged businesses against trading or pricing goods and services in US dollars.
According to Ato Forson, the pricing of goods and services in US dollars undermines the cedi value.
Speaking at the official launch of the Cedi @60 celebration, Dr Forson explained, “We must eschew the act that seeks to undermine the cedi value of the currency, particularly, the pricing of goods and services in foreign currency, the US dollar. Let me use this opportunity to stress that as Ghanaians, the Ghana cedi remains the only legal tender”.
“The US dollar is not our currency; the cedi is our only currency. The continuous pricing of goods and services in the US dollar will only hurt us. Let’s stop it and let’s stop it now. The cedi is the only currency we have, let’s protect it, let’s trade with it and let’s defend it with all vim within us. Let’s talk about the cedi with pride and not as a burden,” he advised.
Dr Cassiel Ato Forson further reaffirmed the government’s unwavering commitment to maintaining stability.
“I want to use this opportunity to commit that the government of Ghana remains committed, and we shall stay the course to ensure that the Ghana cedi remains stable and that the gains we are seeing are maintained,” Dr. Forson stated.
“As citizens, we also have a role to play. We must uphold the sanctity of the cedi as a legal tender by preserving it with dignity and protecting it jealously,” he added.
Also, the Governor of the Bank of Ghana, Dr Johnson Asiama, has revealed that Ghana has made an economic turnaround under the leadership of President John Dramani Mahama.
The BoG Governor noted that coordinated and difficult policy measures have yielded tangible results for the country.
Also speaking at the launch of the 60th anniversary of the Ghana Cedi in Accra, he stated, “Under the leadership of His Excellency John Dramani Mahama, and Her Excellency the Vice President, and through coordinated, difficult but necessary policy actions, I am happy to say that Ghana has turned a decisive corner and indeed the evidence is compelling”.
He highlighted that Ghana’s gross international reserves currently stand at approximately $12 billion.
The BoG Governor added, “Headline inflation now at 9.4% as of September 2025, and we expect it to end the year even far lower. The cedi has appreciated by 37% as at October 17, and according to the World Bank, it is the best-performing currency in sub-Saharan Africa for the first eight months of 2025.
“Our gross international reserves are currently around $12 billion, which is providing a robust cushion against external volatility and restoring our investor confidence.”