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Vice President Naana Opoku-Agyemang celebrates Cedi’s resilience and Ghana’s economic rebound

by Victor Lavor
October 28, 2025
in News, Top Story
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Vice President Prof. Jane Naana Opoku-Agyemang has hailed the Ghana Cedi as a symbol of national strength, identity, and recovery, describing its 60-year journey as “a reflection of our collective endurance and confidence in Ghana’s future.”

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Delivering the keynote address at the Cedi@60 anniversary launch at the Accra International Conference Centre, Prof. Opoku-Agyemang said the event was not only a commemoration of Ghana’s currency but a moment of reflection on economic sovereignty, national discipline, and shared responsibility.

“When Ghana introduced the cedi in 1965, replacing the pound, pence, and shillings, it was a bold declaration by Dr. Kwame Nkrumah that our independence extended to our ability to express value in our own terms,” she said.

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The Vice President described the cedi as “a social contract that reflects our confidence in our institutions and our economy.” She explained that a stable and reliable currency directly impacts every sector of society, from farmers and small businesses to students and families.

“For our farmers, stability means farm inputs don’t spiral out of control. For our students, it means affordable fees and predictable opportunities. For our households, it means steady food prices and peace of mind,” she said.

Prof. Opoku-Agyemang emphasized that macroeconomic stability is not an abstract achievement, but a matter of everyday life and well-being for ordinary Ghanaians.

CEDI

Reflecting on Ghana’s economic journey, the Vice President acknowledged the challenges the nation has endured; from structural adjustment programs in the 1980s to the 2008 global financial crisis and the domestic debt exchange in recent years.

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However, she noted that Ghana has turned a decisive corner: “According to Bloomberg, the Ghana cedi, once branded the world’s worst-performing currency in 2022 has become the best performing globally in 2025,” she said.

She highlighted that inflation had dropped from 54.1% single digit while the country’s reserves now exceed $12 billion, signalling renewed stability and investor confidence.

“Confidence is returning to the markets — and slowly but surely, to our people,” she said, adding that the progress was the result of “difficult but sound policy choices.”

Prof. Opoku-Agyemang urged sustained effort and transparency to preserve the gains made: “Trust in the cedi will not sustain itself. Confidence must be earned through sound decisions, transparent actions, and accountable policies,” she stated.

She call for unity and shared pride in Ghana’s economic recovery, saying the cedi’s story is ultimately “the story of Ghana — resilient, self-determined, and full of promise.”

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