BoG Governor Asiama Reaffirms Commitment to Currency Stability at Cedi@60 International Conference
Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, says safeguarding the value, integrity and future of the Ghanaian currency remains a shared national responsibility, as the country reflects on six decades of the Cedi.
Speaking at the opening of the Cedi@60 International Currency Conference in Accra on Tuesday, Dr Asiama underscored the evolving role of money in an increasingly digital global economy and called for stronger institutional coordination to protect the Cedi amid rising technological, geopolitical and macroeconomic risks.
The two-day conference, which forms part of year-long commemorative activities marking the 60th anniversary of Ghana’s currency, brings together central bank governors, payment system experts, security specialists, researchers and global industry leaders to discuss trends shaping modern currencies.
“We are reminded that our currency carries history, meaning and a sense of collective identity,” he said, stressing that the Cedi has mirrored Ghana’s economic journey — from early reforms through periods of progress, economic shocks, and institutional strengthening.
Digital transition and currency sovereignty
Dr Asiama highlighted the rapid transition toward digital payments, artificial intelligence-driven authentication systems, and global advances in central bank digital currencies (CBDCs), noting that Ghana’s own eCedi work reflects a commitment to secure and interoperable value systems.
He warned, however, that new digital behaviours and expectations — particularly among younger Ghanaians — heighten the need for trust, transparency and a stable macroeconomic environment.
“Our responsibility is to ensure that the Cedi, however it is accessed, continues to serve the aspirations of the next generation,” he noted.
The Governor also reiterated efforts to curb dollarisation, describing currency substitution pressures as a direct threat to Ghana’s economic sovereignty.
Collaboration across borders
Dr Asiama emphasised that the forces shaping modern currencies cut across borders, requiring constant collaboration with global partners.
“We draw on experiences from Africa, Europe, Asia and the Americas, while contributing Ghana’s lessons in innovation, inclusion and regulatory reforms,” he noted.
He urged stakeholders to engage fully as the country reframes its long-term vision for the Cedi.
“The Cedi belongs to all of us, protecting it is a shared endeavour rooted in our belief in Ghana’s future,” he added.
