President John Dramani Mahama has highlighted the importance of maintaining a stable currency as a foundation for Ghana’s long-term economic growth and stability, as the country marks 60 years since the introduction of the cedi.
In a post on his X handle on Tuesday, October 28, President Mahama stressed that the goal is not merely to strengthen the cedi but to ensure its stability in support of businesses, investment, and everyday life.
“As we celebrate 60 years of our national currency, it is encouraging that the Bank of Ghana reaffirms its commitment to monetary stability and economic prosperity,” he stated.
He reaffirmed that his administration’s #ResettingGhana Agenda is focused on creating an enabling environment for sustainable economic progress that benefits all citizens.
“That is what my #ResettingGhana Agenda is about. What we seek is a stable currency and not a strong #GhanaCedi. My administration is working to guarantee a stable Ghana cedi to create a conducive environment for business and investment, and to ensure stable food prices—particularly to benefit the good people of Ghana,” he said.
President Mahama further noted that currency stability remains a critical pillar of the country’s economic strategy.
“A stable cedi means a predictable business environment, affordable food prices, increased investor confidence, and sustainable economic growth,” he added.
The Bank of Ghana, which organised the anniversary celebration under the theme “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience,” said the milestone was an opportunity to reflect on the currency’s journey since its introduction on July 19, 1965—a defining moment in Ghana’s economic independence.
Over the years, the cedi has undergone various reforms and policy adjustments, reflecting the nation’s resilience and adaptability in response to changing economic conditions.
According to the Bank, the anniversary is not only a commemoration of the past but also a reaffirmation of national pride and confidence in the cedi as a cornerstone of Ghana’s economic future.
As we celebrate 60 years of our national currency, it is encouraging that the Bank of Ghana reaffirms its commitment to monetary stability and economic prosperity.
— John Dramani Mahama (@JDMahama) October 28, 2025
That is what my #ResettingGhana Agenda is about. What we seek is a stable currency and not a strong #GhanaCedi. My…
