President John Dramani Mahama has pledged to safeguard the independence of the Bank of Ghana, stressing that a credible and autonomous central bank remains essential to Ghana’s long-term economic stability.
Addressing policymakers, economists, and financial sector leaders at the Cedi@60 International Currency Conference in Accra, the President praised the Bank of Ghana for what he described as “remarkable progress” in stabilising the local currency.
He said the gains made so far must be protected by allowing the central bank to operate without political pressure.
“Our economy is entering a new phase of recovery, and this progress is not by accident,” President Mahama said. “It is the result of tough decisions, prudent management, and the Bank of Ghana’s resolve to stay true to its mandate. My commitment is simple: the Bank of Ghana must continue to function independently.”
He emphasised that a dependable central bank helps create a predictable environment for investors and businesses, adding that Ghana cannot afford a return to policies that undermine monetary discipline.
Mahama further noted that his administration is focused on supporting the central bank’s efforts to keep inflation in check, ensure fiscal balance, and maintain a stable Cedi.
“A stable Cedi is not about making the currency artificially strong,” he explained. “It is about consistency, confidence, and safeguarding the purchasing power of ordinary Ghanaians.”
He congratulated the Bank of Ghana for its 60-year journey and its role in shaping the country’s monetary system, describing the anniversary as a reminder of the institution’s importance in protecting Ghana’s economic sovereignty.
The Cedi@60 International Currency Conference brought together experts from across Africa to discuss currency resilience, central bank policy credibility, and the future of monetary integration on the continent.