Vice President Professor Naana Jane Opoku-Agyemang urged the Bank of Ghana to strengthen its collaboration with commercial banks and the business community to maintain stability and confidence in the Ghanaian cedi.
Speaking at the Cedi@60 anniversary launch in Accra, she emphasized that rebuilding trust in the local currency requires a joint effort from the central bank, financial institutions, and the private sector.
However, the Vice President commended the Bank of Ghana for its decisive policy measures, which have helped curb inflation, stabilize the cedi, and restore investor confidence, while stressing the need for fiscal responsibility, urging the Ministry of Finance to uphold strict fiscal discipline.
“The Bank of Ghana must continue to work closely with banks, businesses, and market players to strengthen stability and rebuild confidence in the Cedi,” she said, highlighting the importance of coordinated efforts.
Prof Opoku-Agyemang reiterated the critical role of prudent public spending and debt management in sustaining macroeconomic stability. “Monetary stability can only be effective when supported by sound fiscal policies.”
Consequently, the Bank of Ghana Governor Dr. Johnson Asiama echoed the Vice President’s sentiments, stating that the economy has “turned a decisive corner” with compelling evidence of progress. He cited declining headline inflation and the cedi’s impressive appreciation of 37% as of October 17, 2025, as indicators of the country’s economic stability.
The Governor assured that the Bank of Ghana remains committed to sustaining these gains through prudent policy interventions aimed at maintaining price stability and strengthening confidence in the Ghanaian economy.
By Adnan Adams Mohammed
