Cedi@60: Vice President Emphasizes Importance of Upholding the Ghana Cedi as Legal Tender

Written By Irene Anim

Accra, Ghana — Vice President Prof. Jane Naana Opoku-Agyemang has called on Ghanaians to uphold confidence in the Ghana Cedi, reaffirming its status as the nation’s sole legal tender.

Delivering the keynote address at the Cedi@60 Anniversary Celebration on Tuesday, October 28, 2025, at the Accra International Conference Centre, Prof. Opoku-Agyemang underscored the symbolic and practical value of the Cedi in Ghana’s economic sovereignty. “Many goods and services are still priced in foreign currencies, but earnings in Cedis should be spent in Cedis,” she said, urging citizens and businesses to conduct all domestic transactions in the national currency.

She further highlighted the importance of safeguarding the independence of the Bank of Ghana, describing it as vital for maintaining macroeconomic stability and public trust.

Prof. Opoku-Agyemang commended the Central Bank for its recent policy actions including regulation of virtual financial service providers, promotion of FinTech innovations, and the rollout of the E-Cedi which she said have enhanced transparency, market confidence, and digital inclusion.

Finance Minister Dr. Cassiel Ato Forson echoed the Vice President’s remarks, describing the stability of the Cedi as a “national duty” and a reflection of disciplined economic management.

He attributed the Cedi’s recent strengthening to coordinated fiscal and monetary discipline, prudent foreign-exchange management, and a renewed focus on economic self-reliance. “The U.S. dollar is not our currency,” Dr. Forson said. “Pricing goods and services in foreign currencies only weakens confidence in our own economy. Every Ghanaian has a role to play in upholding the value of the Cedi.”

Reflecting on the six-decade journey since the Cedi’s introduction in 1965, the Minister described it as “a symbol of sovereignty, stability, and resilience”, calling on citizens to take pride in their currency and work collectively toward “the Ghana we want.”

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Irene Anim

Irene Anim is a news reporter and writer with DM Media Group

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