Veep Calls for Fiscal Discipline to Sustain Confidence in the Cedi
Vice President Prof Jane Naana Opoku-Agyemang says maintaining fiscal discipline is crucial to sustaining confidence in Ghana’s local currency, the cedi, as the nation commemorates 60 years since its introduction.
Speaking at the Cedi@60 anniversary launch at the Accra International Conference Centre, she urged the Ministry of Finance and other key economic managers to uphold prudent fiscal measures and responsible spending to safeguard the cedi’s value.
“The stability of the cedi depends on sound fiscal discipline,” Prof. Opoku-Agyemang said. “A reliable cedi helps businesses and industries to plan effectively, gives farmers certainty in input costs, and allows households to manage food and living expenses with confidence.”
She further stressed that government must lead by example through realistic revenue targets, efficient expenditure, and measurable value for money. “Let every loan be tied to measurable returns and every expenditure reflect value for money. Above all, we must protect the independence of the Bank of Ghana to ensure policy credibility,” she added.
Governor of the Bank of Ghana, Dr. Johnson Asiama, noted that the cedi has shown renewed stability on the back of strong policy measures, with inflation falling from 54.1 percent in December 2022 to 9.4 percent in September 2025. He said Ghana’s gross international reserves have also risen above 12 billion U.S. dollars, improving the country’s external position.
Dr. Asiama urged continued cooperation among all stakeholders to sustain the cedi’s stability and preserve public confidence.
Introduced in 1965 to replace the Ghana pound, the cedi has for six decades stood as a symbol of Ghana’s sovereignty and economic resilience. The Cedi@60 celebration, organized by the Bank of Ghana, highlights not just the currency’s history but also a renewed call for prudent management to secure its future.
