Vice President Professor Naana Jane Opoku-Agyemang has called on Ghanaians to safeguard the independence of the Bank of Ghana (BoG), describing it as vital for maintaining macroeconomic stability and protecting the value of the cedi.
Speaking at the Cedi@60 Anniversary celebration in Accra, themed “Sovereignty, Stability, and Economic Resilience,” Prof. Opoku-Agyemang stressed that the central bank’s autonomy remains a cornerstone of Ghana’s economic confidence and long-term resilience.
“We must protect the independence of the central bank. The Bank of Ghana must remain a steward of stability,” she stated.
The Vice President also urged Ghanaians to uphold the legal tender status of the cedi, expressing concern over the increasing tendency to price goods and services in foreign currencies.
“We must uphold the legal tender status of the cedi. Today, too many goods and services are still quoted in foreign currencies. But if you earn in cedis, you must be able to transact in cedis,” she said.
Prof. Opoku-Agyemang commended both the Ministry of Finance and the Bank of Ghana for their collaborative efforts in restoring economic stability and market confidence.
“Let me acknowledge the role of the Ministry of Finance under Dr. Cassiel Ato Forson and the Bank of Ghana under the Governor, Dr. Johnson Asiamah. Through tight monetary policy and engagement with the public, the Bank has helped to anchor expectations and restore credibility to our market,” she noted.
She further praised the BoG’s regulation of virtual asset service providers, its promotion of fintech innovations, and the rollout of the eCedi, highlighting these as key steps toward modernising Ghana’s financial landscape.
“We must commend the regulation of virtual asset service providers, the promotion of fintech innovations, and the rollout of the eCedi,” she added.
Prof. Opoku-Agyemang encouraged the central bank to deepen its collaboration with the private sector and financial institutions to make cedi transactions more seamless and accessible, both domestically and internationally.
“I encourage the BoG to work more closely with businesses, banks, and innovators to make it easier to transact in cedi—at home, online, and across borders,” she concluded.
The event marked six decades since the introduction of the Ghana cedi, celebrating its role in the nation’s economic sovereignty and development journey.
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