The Finance Minister, Dr. Cassiel Ato Baah Forson has urged citizens to safeguard the Ghana cedi, highlighting its position as the only legitimate currency in the nation.
He encouraged Ghanaians to closely protect the cedi, noting that using other currencies to transact businesses devalues the Cedi.
Dr. Ato Forson made the statement during the official launch of the Cedi@60 celebrations on Tuesday, October 28, 2025, at the Accra International Conference Centre.
He urged the public to help ensure that the cedi’s value is not devalued and reiterated the government’s commitment to preserving its stability.
He cautioned against pricing goods and services in foreign currencies, especially the US dollar, insisting that doing so undermines the cedi’s reputation.
“We must all be vanguard by ensuring that the Cedi’s value is maintained. We must be eschewing the act that seeks to undermine the value of the currency. Particularly, the pricing of goods and services in foreign currency, the US dollar.
“Let me use this opportunity to once again stress that as Ghanaians, the Ghana Cedi remains the only legal tender. The US dollar is not our currency; the Cedi is our only currency.
“The continues pricing of goods and services in US dollars will only hurt us. Let’s stop it and let’s stop it now. The Cedi is the only currency we have, let us protect it and let us trade with it and let us defend it with all vhim within us,” he remarked.
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.
