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Cedi@60: Mahama reaffirms commitment to stable Cedi to boost business, ease cost of living

by theoverseeronline.com
October 29, 2025
in Business, Economy, National
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Fitch credit upgrade evidence of successful Economic reforms – Mahama
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President John Dramani Mahama has reiterated his government’s commitment to maintaining a stable Ghana cedi as part of efforts to strengthen the economy and improve the livelihoods of citizens.

In a post shared on Facebook, President Mahama said his administration is focused on ensuring monetary stability that fosters business growth, attracts investment, and keeps food prices affordable for ordinary Ghanaians.

“My administration is working to guarantee a stable Ghana Cedi to create a conducive environment for business and investment, and to ensure stable food prices, particularly to benefit the good people of Ghana,” the President said.

He explained that a stable currency, rather than merely a strong one, is crucial for long-term economic prosperity. “A stable cedi means a predictable business environment, affordable food prices, increased investor confidence, and sustainable economic growth,” he added.

The President’s message was shared as part of the Cedi@60 celebration organized by the Bank of Ghana under the theme “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience.”

The event, held at the Accra International Conference Centre, brought together policymakers, financial experts, and business leaders to reflect on the journey of Ghana’s currency since its introduction on July 19, 1965.

The cedi, first launched as a symbol of independence, has undergone several reforms over the decades, representing the nation’s resilience amid changing global and domestic conditions.

President Mahama’s remarks tie into his broader #ResettingGhana Agenda, which seeks to build a strong foundation for sustainable growth through fiscal discipline, investor confidence, and economic inclusiveness.

He commended the Bank of Ghana for its continued commitment to monetary stability and reaffirmed his government’s determination to create an economy where the cedi remains a reliable symbol of Ghana’s strength and sovereignty.

Find below his message

Tags: BoGBusinessesCedi stabilityCedi@60Cost of livingGhana NewsMahamaReset agenda
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