President John Dramani Mahama has pronounced a strong public commendation to the Governor of the Bank of Ghana, Dr Johnson Pandit Kwesi Asiama, applauding what he described as exceptional stewardship and prudent management of the national currency.
Speaking at the Cedi@60 Anniversary Currency Conference in Accra, President Mahama said the remarkable stability and growing public confidence in the Cedi were the direct results of the Governor’s disciplined leadership and the coordinated efforts of the Central Bank and the Ministry of Finance.
“Dr Asiama has shown, through sound judgment and professionalism, that economic resilience is achievable even in difficult times,” the President declared.
“The management of the Cedi today reflects competence, clarity, and commitment to protecting the livelihoods of our people.”
Growing confidence in the Cedi
President Mahama highlighted everyday examples of how currency stability was reshaping behaviour in the marketplace, noting that for the first time in years, Ghanaians were quoting prices confidently in Cedis rather than in dollars.
“A relative of mine went to buy a car recently. When he showed me the invoice, it was fully priced in Cedis—no dollars.
A few years ago, that would have been unthinkable,” he said. “Even house rents that used to be quoted in dollars are today being demanded in Cedis. This tells a powerful story about restored respect for our currency.”
He praised the Central Bank’s firm liquidity management, disciplined monetary operations, and consistent policy signalling.
“Whatever you are doing—whether open market operations or technical interventions—keep doing it,” he urged the BoG leadership. “The Cedi is earning back its dignity, and Ghanaians appreciate it.”
Economic fundamentals strengthening
President Mahama said the recent upgrade of Ghana’s sovereign rating by S&P—from CCC+/C to B–/B with a stable outlook—was further proof that the country’s fundamentals were strengthening.
“This is an affirmation that we are on a clear path of recovery,” he noted, stressing the need for discipline and institutional coherence to maintain the gains.
He emphasised that a strong, independent, and professionally insulated Central Bank was central to sustained recovery.
“A strong and autonomous BoG is not a matter of preference—it is an economic necessity,” he said. “It anchors inflation expectations, stabilises the exchange rate, enhances investor confidence, and protects long-term credibility.”
Calls for public education and national responsibility
President Mahama said the future of Ghana’s currency system required not only strong institutions but also an informed, responsible public. He urged the Bank of Ghana to deepen nationwide education in three critical areas:
First, the use of the Cedi for all domestic transactions is to reduce unnecessary exposure to foreign currency volatility.
Second, improved currency handling to prolong the lifespan of notes and maintain their integrity.
Third, enhanced financial literacy to help citizens detect fraud, demand accountability, and strengthen the financial ecosystem.
“Public education must reach schools, markets, transport unions, digital platforms, and especially rural communities,” he said, adding that the Cedi’s 60th anniversary was both symbolic and policy-significant.
A shared duty
The President’s remarks echoed comments earlier made by Governor Asiama, who appealed to Ghanaians to embrace the protection of the Cedi as a collective responsibility.
“No single institution can safeguard the currency alone,” the Governor said, urging shared national ownership of the Cedi’s stability.
President Mahama’s powerful endorsement capped the opening of the anniversary conference, reinforcing the Central Bank’s role in Ghana’s macroeconomic recovery and signalling strong political support for its leadership and autonomy.
