Vice President Professor Naana Jane Opoku-Agyemang has urged Ghanaians to safeguard the independence of the Bank of Ghana, describing it as crucial to ensuring macroeconomic stability and protecting the value of the cedi.
Speaking at the commemoration of the Cedi@60 Anniversary, themed “Sovereignty, Stability, and Economic Resilience” in Accra, she emphasised that the central bank’s autonomy is essential for maintaining economic confidence and sustaining progress.
“We must protect the independence of the central bank. The Bank of Ghana must remain a steward of stability,” she stated.
Prof. Opoku-Agyemang also underscored the need to uphold the legal tender status of the cedi, lamenting the growing trend of quoting goods and services in foreign currencies.
“We must uphold the legal tender status of the cedi. Today, too many goods and services are still quoted in foreign currencies. But if you earn in cedis, you must be able to transact in cedis,” she said.
She took a moment to acknowledge the efforts of the Ministry of Finance and the Bank of Ghana in ensuring macroeconomic stability and restoring market confidence.
“Let me acknowledge the role of the Ministry of Finance under Dr. Cassiel Ato Forson and the Bank of Ghana under the Governor, Dr Johnson Asiamah, and all his generals. I acknowledge all of you. Through tight monetary policy and engagement with the public, the Bank has helped to anchor expectations and restore some level of credibility to our market.”
Prof. Opoku-Agyemang further commended the central bank for regulating virtual asset service providers, promoting fintech innovations, and rolling out the eCedi.
“We must commend the regulation of virtual asset service providers, the promotion of fintech innovations, and the rollout of the eCedi,” she noted.
She urged the Bank of Ghana to deepen its collaboration with key economic actors to make the use of the cedi more seamless and accessible.
