The Governor of the Bank of Ghana, Dr. Johnson Asiama, has reaffirmed the country’s economic resilience, declaring that the shocks of recent years “tested us, but they did not break us,” as Ghana marked 60 years of its national currency, the Cedi.
Speaking at the official launch of the Cedi @ 60 celebrations at the Accra International Conference Centre, Dr. Asiama said the milestone was not just a ceremonial event but a moment for national reflection and renewed confidence in Ghana’s economic direction.
He recalled the Cedi’s difficult phase in late 2022, when it lost more than half its value and inflation soared to record levels. The period, he noted, “distorted household budgets, shrunk incomes and fed public anxiety across the country.”
However, he said decisive policy coordination between fiscal and monetary authorities had reversed the trend, restoring stability and investor confidence. Inflation, which stood above 54% in December 2022, has now dropped to 9.4% as of September 2025, while the Cedi has appreciated by 37% year-to-date, making it the best-performing currency in sub-Saharan Africa, according to the World Bank.
“These gains are not by accident,” the Governor said. “They are the result of hard, sometimes unpopular, but principled decisions that we’ve had to take.”
Dr. Asiama emphasized that the central bank remains committed to maintaining macroeconomic stability and safeguarding the gains achieved so far. “We are not yet where we want to be,” he said, “but we are no longer where we were.”
The Cedi @ 60 initiative, he explained, will span a year of public education, exhibitions, and dialogues to trace Ghana’s monetary evolution from the Ghanaian pound to the modern Cedi and to deepen understanding of its role in the nation’s economic identity.
