Ghana's Cedi Turns 60: Mahama Hails Revival Amidst Economic Debate & Independence Pledges

Ghana recently celebrated the 60th anniversary of its national currency, the Cedi, with a series of events, most notably the Cedi@60 International Currency Conference held at the Accra International Conference Centre from November 17–20, 2025. This landmark four-day event, co-hosted by the Bank of Ghana (BoG) and Currency Research, convened over 600 leaders from central banks, financial institutions, government agencies, and the fintech sector across Africa and globally. The conference served as a platform to reflect on the Cedi's legacy as a symbol of economic sovereignty and to chart its future, particularly in the digital age. Key discussions focused on macroeconomic stability, restoring trust in the currency, Ghana's groundbreaking eCedi pilot project, the role of fintech and financial inclusion, and debates on cryptocurrencies and stablecoins within the African context.
Bank of Ghana Governor, Dr. Johnson Asiama, underscored the collective responsibility of Ghanaians in protecting and ensuring the stability of the Cedi, stressing that no single institution can achieve this alone. During the Cedi@60 Conference, he described the future of the Cedi as a shared national project, emphasizing that its stability is intrinsically linked to both macroeconomic policies and the daily confidence exhibited by citizens. Dr. Asiama expressed optimism about Ghana’s economic prospects, envisioning the next 60 years as an opportunity to reimagine the Cedi and build a more robust financial system, urging stakeholders to contribute ideas for a resilient monetary future. His remarks set a collaborative tone for the broader discussions on inflation control, exchange rate stability, and long-term economic reforms.
President John Dramani Mahama also played a prominent role in the celebrations, commending the management of Ghana’s currency and asserting that the Cedi has regained respect both domestically and internationally. Speaking at the Cedi@60 commemoration themed “Sovereignty, Stability, and Economic Resilience,” President Mahama praised the Bank of Ghana and the Ministry of Finance for their efforts in stabilizing the national currency. He humorously recounted anecdotes of Ghanaians previously converting foreign prices to Cedis with dismay, contrasting this with the current situation where landlords now prefer rent payments in Cedis, illustrating a renewed confidence in the local currency. He urged the central bank and finance officials to continue their effective strategies, including technical measures like open market operations, to maintain the Cedi's respected status.
Furthermore, President Mahama pledged to safeguard the independence of the Bank of Ghana, affirming that a credible and autonomous central bank is crucial for Ghana’s long-term economic stability. He described the progress in stabilizing the Cedi as
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