{"id":246928,"date":"2025-10-29T02:37:08","date_gmt":"2025-10-29T02:37:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/246928\/"},"modified":"2025-10-29T02:37:08","modified_gmt":"2025-10-29T02:37:08","slug":"vice-president-calls-for-renewed-confidence-in-national-currency","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/246928\/","title":{"rendered":"Vice President calls for renewed confidence in national currency"},"content":{"rendered":"

\"Vice <\/a>Vice President, Prof Jane Naana Opoku-Agyemang<\/p>\n

Vice President Prof Jane Naana Opoku-Agyemang has officially launched the 60th anniversary celebration of the Ghana Cedi, urging Ghanaians to protect and promote the national currency as a symbol of economic sovereignty, stability, and resilience.<\/p>\n

The event, held at the Accra International Conference Centre, was themed \u201c60 Years of the Cedi: A Symbol of Sovereignty, Stability and Economic Resilience.\u201d<\/p>\n

It brought together dignitaries, including the Governor of the Bank of Ghana, Dr Johnson Asiama, Finance Minister Dr Cassiel Ato Forson, members of the diplomatic corps, financial sector leaders, and academia.<\/p>\n

In his keynote address, the Vice President reflected on the historic and symbolic significance of the Cedi, tracing its origins to July 1965 when it replaced the Ghanaian pound, pence and shillings \u2014 a bold move by Dr. Kwame Nkrumah to free Ghana\u2019s economy from colonial structures.<\/p>\n

\u201cThe Cedi, derived from the cowry shell that once served as currency for centuries, signalled that our history did not begin with colonisation.<\/p>\n

Independence and sovereignty may be found in our ability to express value and transact on our own terms,\u201d Prof. Opoku-Agyemang said.<\/p>\n

She emphasised that the Cedi represents a social contract between citizens and institutions, reflecting confidence in the nation\u2019s economy.<\/p>\n

She noted that macroeconomic stability should not be seen as an abstract concept but as one that directly impacts quality of life, affecting farmers, students, households, and businesses alike.<\/p>\n

The Vice President highlighted Ghana\u2019s economic recovery, citing data that places the Cedi among the best-performing currencies globally in early 2025.<\/p>\n

\u201cAccording to Bloomberg, the Ghana Cedi \u2014 once described as the worst performing currency in 2022 \u2014 has now become the best performing currency globally.<\/p>\n

Inflation has dropped from 54.1% to 9.4%, and our gross international reserves exceed 12 billion dollars,\u201d She announced.<\/p>\n

Prof. Opoku-Agyemang praised the Bank of Ghana\u2019s policy direction and reforms, crediting the leadership of Dr Asiama and the Ministry of Finance for restoring market confidence.<\/p>\n

She also acknowledged innovations such as the regulation of Virtual Asset Service Providers, promotion of fintech, and the development of the eCedi, Ghana\u2019s digital currency.<\/p>\n

However, she cautioned that trust in the Cedi must be maintained through disciplined fiscal management and institutional integrity.<\/p>\n

\u201cGovernment must lead by example \u2014 no more reckless borrowing or surging deficits that pass today\u2019s problems to tomorrow\u2019s generations.<\/p>\n

Every loan must be tied to a return, and every Cedi spent must yield corresponding value,\u201d she stressed.<\/p>\n

The Vice President also called for the protection of the Cedi\u2019s legal tender status, noting the increasing practice of quoting goods and services in foreign currencies.<\/p>\n

\u201cIf you earn in Cedis, you must be able to transact in Cedis,\u201d she asserted.<\/p>\n

Prof. Opoku-Agyemang urged all sectors \u2014 government, parliament, private businesses, academia, and the media \u2014 to work collectively to sustain confidence in the currency and promote financial literacy across society.<\/p>\n

Looking ahead, she underscored the importance of digital financial inclusion, ensuring that innovations like the eCedi benefit all Ghanaians, including those in rural and marginalised communities.<\/p>\n

\u201cAs we embrace financial innovation, we must ensure that the benefits of digital finance reach everyone.<\/p>\n

The strength of the Cedi is both in what it buys and what it represents,\u201d she added.<\/p>\n

Concluding her address, the Vice President paid tribute to Dr. Kwame Nkrumah, the early Governors of the Bank of Ghana, and generations of technocrats and citizens who have contributed to Ghana\u2019s economic journey over the past six decades.<\/p>\n

\u201cThe Cedi has been a symbol of national identity, resilience, and aspiration for 60 years.<\/p>\n

May the Cedi endure, and may God bless our homeland Ghana,\u201d she declared.<\/p>\n","protected":false},"excerpt":{"rendered":"Vice President, Prof Jane Naana Opoku-Agyemang Vice President Prof Jane Naana Opoku-Agyemang has officially launched the 60th anniversary…\n","protected":false},"author":2,"featured_media":246929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-246928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/246928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=246928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/246928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/246929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=246928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=246928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=246928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}