adverts
BoG Governor Rallies Nation Behind the Cedi
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has delivered a powerful call to action, urging Ghanaians, policymakers, industry leaders and the international community to unite in safeguarding the future of the cedi as Ghana commemorates 60 years of its national currency.
Speaking at the Cedi@60 International Conference at the Accra International Conference Centre(AICC) in Accra—an event forming part of the Cedi@60 celebrations—Dr Asiama described the cedi not simply as a medium of exchange, but as a symbol of identity, resilience, and collective aspiration.
“This conference”, he noted, “is a platform for industry leaders to reflect on the latest trends, challenges, and opportunities shaping the world of currency.” He expressed confidence that the next two days of expert deliberations would be “insightful, engaging, and valuable,” as Ghana charts a new course for monetary sovereignty in a rapidly evolving global financial ecosystem.
adverts
Dr Asiama extended heartfelt gratitude to speakers, sponsors, and participants, acknowledging their dedication to innovation and excellence in the currency space.
The Governor recalled the recent launch of the Cedi@60 programme, describing it as “a year of reflection on the journey of our national currency and the role it continues to play in Ghana’s economic and institutional life.”
“The cedi carries history. The cedi has meaning. The cedi embodies our collective identity,” he said.
He emphasised that as the nation celebrates six decades of its currency, Ghanaians must reflect on how to “move forward together with purpose, as custodians of the next chapter of the cedi.”
The Governor paid glowing tribute to the President of the Republic, whose presence at the event he said underscored the national significance of the milestone. He linked the President’s “Ghana Agenda” and emphasis on stability with the central bank’s mandate to preserve a currency that inspires opportunity, confidence, and long-term prosperity.
Dr Asiama reminded attendees that since its introduction, the cedi has travelled with Ghanaians through markets, farms, homes, small businesses, and major institutions—“a quiet but constant companion at the heart of daily life.”
From periods of bold reforms to painful economic shocks, the cedi has mirrored Ghana’s triumphs and challenges.
“Each generation carries its own memory of the cedi,” he said. “Now we must look ahead to what the next 60 years will look like.”
The Governor noted that young Ghanaians are growing up in a digital world where value moves instantly and expectations for transparency and convenience are high. Their trust in the cedi, he said, will depend on the strength of institutions that manage it.
He highlighted major global shifts reshaping money:
Digital payments transforming behaviour and expanding access
Growing interest in Central Bank Digital Currencies (CBDCs)
Tokenisation of financial instruments
AI-driven innovations in authentication and security
Geopolitical uncertainties affecting currencies worldwide
“These shifts demand steady leadership, strong coordination, and a thoughtful approach to how the physical and digital forms of money will coexist,” he said.
Dr Asiama reaffirmed the BoG’s commitment to payment modernisation and the development of Ghana’s e-cedi, rooted in global lessons but tailored to Ghana’s unique realities.
The governor stressed the continued importance of cash for inclusion and trade, even as digital channels expand.
He noted that the BoG is strengthening efforts to reassert the cedi as the primary medium of exchange and to address the growing pressures of currency substitution and dollarisation, which he described as threats to Ghana’s economic sovereignty.
Dr Asiama underscored Ghana’s position as an active participant in global monetary discussions, drawing from experience in financial inclusion and regulatory reform.
“This conference deepens collaboration,” he said, praising the gathering of central bankers, technologists, currency designers, academics, and industry leaders.
He thanked Currency Research and both domestic and international partners for enriching the dialogue.
In his closing remarks, Dr Asiama delivered a unifying message:
“The cedi belongs to all of us. It carries our confidence, our efforts, and our belief in the future of this country.”
He encouraged participants to engage fully in shaping a shared vision for the next six decades of Ghana’s currency.
“My hope is that every Ghanaian—from the child learning to count, to the trader serving her community, to the entrepreneur building something new—can hold the cedi with confidence and pride.”
He concluded with a powerful reminder:
“Protecting the cedi is not the task of any one institution. It is a shared endeavour, rooted in our belief in Ghana’s future.”
Click the link Puretvonline.com | WhatsApp Channel to join the WhatsApp channel
GOT A STORY?
Contact/WhatsApp: +233243201960 or manuelnkansah33@gmail.com
