The Bank of Ghana has highlighted its commitment to sustaining the stability of the cedi, describing it as the cornerstone of Ghana’s long-term economic transformation.
Speaking at the 14th Ghana Economic Forum 2025, held in Accra under the theme “Currency Stability – A Reset for Sustainable Economic Growth,” Dr. John Kwabena Kwakye, Advisor to the Governor, delivered a speech on behalf of Dr. Johnson Asiama , emphasizing that when the cedi holds its ground, it reflects confidence in the economy, trust in policy, and stability in people’s livelihoods.
He said Ghana’s recent economic rebound marked by falling inflation, stronger reserves, and a firming cedi must now transition into a phase of sustained currency stability to ensure resilience.
“Currency stability mirrors how well our economy works, how trust is built and maintained, and how our people’s aspirations are translated into action,” he said.
Dr. Kwakye explained that sustaining the gains will require continued fiscal discipline, credible monetary policy, and close coordination among the Bank of Ghana, the Ministry of Finance, and the private sector.
He pointed to the IMF-supported Extended Credit Facility (ECF) programme as providing the structure for this reset, while the Bank of Ghana’s policy management provided the substance.
Dr. Kwakye said the central bank remains focused on ensuring that policy credibility and investor confidence remain strong, while also supporting productivity and long-term growth.
“Ghana is not merely stabilizing its currency, we are resetting confidence and rebuilding the foundations for sustainable economic growth,” he added.
