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The Governor of the Bank of Ghana, Johnson Pundit Assiamah, has stressed that the Ghanaian cedi must remain the country’s unquestioned medium of exchange as the nation marks 60 years of its national currency.
Speaking at the Cedi@60 International Currency Conference in Accra on Tuesday, November 18, 2025, Mr. Assiamah said the cedi is more than just money; it represents Ghana’s identity, history, and collective aspirations. He explained that as the global financial system changes rapidly, protecting the value and integrity of the cedi must remain a shared national responsibility.
Mr. Assiamah noted that the year-long Cedi@60 celebration offers an important reflection on the journey of the currency and its role in Ghana’s economic life. He said the presence of President John Dramani Mahama at the event shows the national importance of the milestone and the government’s continued support for the central bank.
The Governor explained that since its introduction, the cedi has gone through periods of progress, reforms, and economic challenges, but it has remained central to national development.
“For 60 years, the cedi has moved with our people into markets, shops, farms, trotro stations, and homes,” he said. “It has helped families plan, supported businesses and strengthened communities.”
He said the next generation will interact with the cedi in new ways as digital payments grow and expectations for speed, security, and transparency increase. He emphasised that trust in national institutions will play a key role in shaping how Ghanaians continue to value their currency.
The Governor highlighted global shifts in money, including digital payments, central bank digital currencies, artificial intelligence, and geopolitical uncertainties. He said these developments demand strong leadership and a clear strategy to protect Ghana’s economic sovereignty.
Mr. Assiamah also warned against dollarisation, saying the Bank of Ghana is working to reinforce the cedi as the primary and unquestioned medium of exchange in the country. He added that maintaining both physical cash and digital channels is important for inclusion, convenience, and resilience.
He commended international partners, experts, and stakeholders gathered for the conference, saying currency management today cuts across technology, security, design, payments, policy, and global collaboration.
The central bank’s governor said protecting it is not the task of one institution but a shared duty rooted in our belief in Ghana’s future.
He encouraged participants to contribute to shaping the next 60 years of the cedi and expressed hope that every Ghanaian, from schoolchildren to traders and entrepreneurs, will continue to hold the national currency with pride and confidence.
