By: Ama Joycelyn Tseyiboe
Ghana has celebrated a major milestone in its economic journey with the 60th anniversary of the Cedi. President John Dramani Mahama described it as one of deep national and policy significance. The international conference brought together policymakers, central bank officials, economists, and financial technology experts to reflect on the evolution of Ghana’s currency and to explore the future of monetary reforms in a fast-changing global economy.
Speaking at the Cedi@60 International Currency Conference in Accra on November 18, 2025, the President stated that the Cedi, like all sovereign currencies, represents more than a medium of exchange; it is a social contract anchored on confidence, credibility, and transparency. He emphasized that the 60-year milestone provides an opportunity to assess Ghana’s monetary progress and to chart the next phase of reforms to safeguard the currency’s stability.
A key highlight of the conference was Ghana’s ongoing efforts to modernize its financial ecosystem, particularly through digital platforms that are increasingly reaching rural and underserved communities. The President stressed that this digital transformation makes it even more important to ensure that the Cedi remains robust, secure, and relevant in both physical and digital environments.
He also spotlighted continental trade, especially the growing momentum of the African Continental Free Trade Area (AfCFTA). Speakers noted that AfCFTA presents a historic opportunity to deepen economic integration and support the development of the Pan-African Payment and Settlement System (PAPSS). The platform is expected to reduce dependence on foreign currencies and streamline cross-border payments across the continent.
Looking ahead, the President outlined five strategic pillars that will guide the future of the Ghanaian Cedi:
Sustained macroeconomic discipline
A strong and inclusive financial sector
Technological innovation and digital transformation
Enhanced public literacy and responsible currency use
An independent, confident, and credible central bank
According to the President, these pillars reflect Ghana’s commitment to building a resilient currency and strengthening its role within Africa’s financial landscape. Authorities reaffirmed their support for the Bank of Ghana, stressing the importance of public confidence and the need to allow the central bank to carry out its mandate independently and effectively.
