President John Dramani Mahama has reaffirmed the government’s commitment to protecting the independence of the Bank of Ghana, describing it as a non-negotiable pillar for sustaining economic stability and public trust.
Speaking at the Cedi@60 Currency Conference held at the Accra International Conference Centre, the President emphasized that an autonomous central bank is essential for maintaining confidence in Ghana’s financial system, ensuring prudent monetary policy, and insulating the economy from political interference.
“The government of Ghana is firmly committed to safeguarding the independence of the Bank of Ghana,” President Mahama declared, receiving strong applause from policymakers, economists, and financial stakeholders in attendance.
He outlined five key pillars that will form the cornerstone of efforts to reinforce the Bank’s autonomy. While the details of these pillars were not fully disclosed in his address, the President noted that they align with international best practices in central banking, targeting transparency, accountability, and institutional resilience.
According to President Mahama, strengthening the Bank of Ghana’s independence is not only a policy priority but also a responsibility owed to citizens.
“We must continue to have confidence in our central bank and maintain the trust of our people,” he said, urging Ghanaians to support ongoing reforms aimed at stabilizing the cedi and improving economic management.
The Cedi@60 Currency Conference marks six decades since the introduction of Ghana’s national currency. This year’s celebration convened experts from across the continent to discuss monetary innovation, financial inclusion, and strategies for building stronger, more independent central banks in Africa.
President Mahama’s reaffirmation comes at a time when debates around the autonomy of central banks have intensified globally, with many countries seeking to strengthen monetary institutions against political and economic pressures.
The conference continues with panel discussions on the future of digital currencies, inflation management, and the role of central banks in modern economic governance.
Cedi@60: ‘Gov’t will not borrow recklessly to protect the cedi’ – Veep Opoku-Agyemang
By Dennis Agyei-Gyebi
