President John Dramani Mahama has outlined five pillars he believes will determine the next phase of the Ghanaian cedi, calling for stronger discipline, technological advancement and deeper public engagement to secure long-term stability.
Addressing delegates at the Cedi@60 International Conference, the President said the cedi carries a history that is inseparable from Ghana’s political identity. He recalled that its introduction in 1965 was “a bold and sovereign step,” and that it has since “absorbed shocks, domestic, regional and global, and symbolised the resilience of the Ghanaian economy and the Ghanaian people.”
Mahama said Ghana’s monetary future will depend on sustained policy coherence. “This chapter of the cedi will depend on sustained macroeconomic discipline, a strong and inclusive financial sector, technological innovation and digital transformation,” he said.
The President highlighted improvements in business and consumer confidence, which he said reflect a steady recovery of the economy. He noted that development partners and global markets have acknowledged these reforms. “Our development partners, the financial markets and the global rating agencies have acknowledged these reforms,” he said.
He also urged the Bank of Ghana to intensify its public literacy agenda, describing an informed population as central to currency integrity and fraud prevention. “An informed citizenry is better able to prevent fraud, demand accounting, and support responsible currency use,” he stated.
Mahama emphasised that the government’s commitment to an independent central bank remains unwavering. He said “this is not a matter of personal preference. It is an economic necessity,” adding that institutional credibility must be protected to ensure long-term recovery.
