President John Dramani Mahama has commended the Bank of Ghana (BoG) for its efforts in stabilizing the cedi against other foreign currencies.
He said this feat needs to be acknowledged and commended as it came as a result of hard work and economic prudence by the Bank of Ghana and the Finance Ministry.
The Bank of Ghana has thereby been assured of the government’s commitment to make it independent given the critical role it plays in the stabilization of the economy. The President in his opening remarks described the cedi as indispensable as it symbolizes Ghana’s aspirations in the management of “our own affairs, regulating our markets and standing shoulder to shoulder with other global currencies.
“The cedi@60 has shaped the expectations of households and businesses. It has absorbed shocks, domestic, regional, and global, and symbolize the resilience of Ghana’s economy”, he said at the opening ceremony of the International Currency Conference in Accra on Tuesday, organized by the BoG in collaboration with Currency Research (CR).
Meanwhile, the BoG Governor, Dr. Johnson Pandit Asiama, paid a glowing tribute to the cedi, stating that it has remained central to policy-making for 60 years. He highlighted the cedi’s impact on families, businesses, and communities, and emphasized the need to protect and respect the currency.
Dr. Asiama stressed that the next 60 years would require policymakers to ensure the cedi continues to serve Ghanaians’ aspirations. He also commended President Mahama for his support to the BoG, which has contributed to the cedi’s stability.
The conference provides a platform for experts and policy leaders to discuss the latest trends, challenges, and opportunities in the financial sector.
By Adnan Adams Mohammed
