By Love Wilhelmina Abanonave
Governor of the Bank of Ghana, Dr. Johnson Asiama, has urged every Ghanaian to view the protection of the cedi as a collective responsibility, not a task for the central bank alone.
“Protecting the cedi is not the task of just one institution, it is a shared endeavour,” he said.
Delivering a keynote address at the Cedi@60 conference in Accra on Tuesday, November 18, 2025, Dr. Asiama stated in the auditorium, graced by President Mahama, policymakers, economists, and industry leaders, that he hoped every Ghanaian, from the higher-ups to the market women, would make it a point to protect the cedi, though it requires strong economic stewardship and stability.
Dr. Asiama also stressed that a stable cedi is the backbone of the nation’s economic sovereignty, and that its strength depends on both sound macroeconomic policies and the everyday confidence of citizens—from schoolchildren learning to count to traders and entrepreneurs keeping commerce moving. He reiterated that the cedi must remain “Ghana’s unquestioned medium of exchange.”
The Governor’s remarks come on the heels of a series of bold interventions by the Bank of Ghana earlier this year. In the first half of 2025, the Bank of Ghana injected over $1.4 billion into the foreign-exchange market, including $264 million in March alone, helping the cedi appreciate by nearly 19 % between April and May and easing imported inflation while stabilizing prices.
