The Vice President, Professor Naana Jane Opoku Agyeman, has urged the Bank of Ghana (BoG) to deepen collaboration with commercial banks and the business community to sustain the gains made in stabilizing the Cedi and restore full confidence in the local currency.
Speaking at the Cedi@60 celebrations in Accra, the Vice President said rebuilding trust in the Ghanaian currency requires coordinated efforts between the central bank, financial institutions, and the private sector.
She noted that while recent data shows encouraging signs of recovery, including a stronger Cedi and easing inflation, the gains must be consolidated through discipline and partnership.
The Vice President also called on the Ministry of Finance to uphold strict fiscal responsibility, noting that prudent public spending and debt management remain critical to sustaining macroeconomic stability.
Professor Naana Opoku Agyeman commended the Bank of Ghana for its decisive policy measures in recent years, which have helped curb inflation, stabilize the Cedi, and restore investor confidence.
She stated that the government remains committed to collaborating with the central bank and other economic stakeholders to develop a resilient, self-reliant economy that can withstand future shocks.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, on his part, said Ghana has made a decisive economic turnaround under the leadership of President John Dramani Mahama.
He highlighted that coordinated and difficult policy measures have yielded tangible results for the country.
He said Under the leadership of His Excellency John Dramani Mahama, and Her Excellency the Vice President, and through coordinated, difficult but necessary policy actions, I am happy to say that Ghana has turned a decisive corner, and indeed the evidence is compelling.
He noted that headline inflation, which has been a major concern in recent years, stood at 9.4 percent as of September 2025, with expectations that it will fall even further by the end of the year.
The national currency, the cedi, Dr. Asiama said, has also strengthened significantly, appreciating by 37 percent as of October 17.
The BoG Governor underscored that the cedi was also the best-performing currency in sub-Saharan Africa during the first eight months of 2025, according to the World Bank.
He further noted that Ghana’s gross international reserves currently stand at approximately $12 billion, providing a strong buffer against external economic shocks and restoring investor confidence in the country.