Finance Minister, Dr. Cassiel Ato Baah Forson, has called on the public to protect the Ghana cedi, emphasising its status as the country’s sole legal tender.
He says conducting transactions in other currencies undermines the cedi’s value, admonishing the public to jealously protect it.
Speaking at the official launch of the Cedi@60 celebrations on Tuesday, October 28, 2025, at the Accra International Conference Centre, Dr. Ato Forson said, “As citizens, we also have a role to play.”
He reaffirmed the government’s commitment to maintaining the cedi’s stability, urging the public to contribute to ensuring its value is not undermined.
He warned against quoting prices in foreign currencies, particularly the US dollar, describing it as an act that undermines the cedi’s confidence and affects the local market’s stability.
The Finance Minister stressed that as the government works to sustain the currency’s recent gains, citizens should avoid practices that undermine those achievements.
“We must maintain the sanctity of the Cedi as legal tender by preserving it with dignity and protecting it jealously. We must eschew acts that seek to undermine the value of the currency, particularly the pricing of goods and services in foreign currency,” he explained.
“The US dollar is not our currency. Let us stop pricing goods and services in the dollar
It will only hurt us, let us stop it now,” he reiterated.
According to him, the sixth decade of the cedi’s existence represents a “new dawn” in Ghana’s pursuit of economic sovereignty and resilience.
“For 60 years, through cycles of inflation, devaluation, re-denomination and recovery, the Cedi remains the symbol of our national sovereignty. It has indeed endured,” he said.
“Our commitment to fiscal discipline has contributed to the strengthening of the Ghana Cedi… We shall stay the course to ensure that the Ghana Cedi remains stable.”
This year marks six decades since Ghana replaced the Ghanaian pound with the Cedi in 1965, a landmark shift that affirmed the nation’s monetary independence. The Cedi@60 celebration is being held under the theme: “60 Years of the Cedi: A Symbol of Sovereignty, Stability and Economic Resilience.”
The event reflects heightened public interest in the performance of the Cedi in recent years, amid inflation pressures, global economic shocks and local reforms aimed at restoring macroeconomic stability.
Government says it remains optimistic that sustained discipline, coupled with stronger oversight of currency practices, will reinforce confidence in the Cedi and support long-term economic growth.
