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Cedi@60: Cedi remains symbol of national sovereignty – Ato Forson
Minister of Finance, Dr. Cassiel Ato Forson, has described the Ghana cedi as a proud symbol of the country’s identity and sovereignty as the nation marks 60 years since the currency was first introduced.
Speaking at the Cedi@60 celebration held today, October 28, 2025, at the Accra International Conference Centre, Dr. Forson noted that the currency represents more than just a means of exchange.
He mentioned that it is part of Ghana’s national pride and economic journey.
“It is my distinct honor to join you today as we mark 60 years of the Ghana cedi. The Ghana cedi represents the pride of our nation and our heritage,” he stated.
Dr. Forson explained that since its introduction in 1965, the cedi has played a vital role in trade and daily transactions, connecting people and supporting economic activity.
“For 60 years, through inflation, devaluation, re-denomination, and recovery, the cedi has remained resilient. It continues to stand as a symbol of our national sovereignty and remains the only legal tender of our republic,” he stressed.
He highlighted the endurance of the cedi through Ghana’s economic challenges and political transitions, noting that its continued existence reflects the resilience and determination of the Ghanaian people.
The event, themed “Cedi@60 – Our Money, Our Pride,” marks six decades since the introduction of the Ghana cedi, which replaced the British pound during the First Republic under President Dr. Kwame Nkrumah.
By: Jacob Aggrey
The Ghana National Gas Company (Ghana Gas) has dismissed claims by the Member of Parliament for Oforikrom that the Atuabo Gas Processing Plant is still not working after a recent maintenance shutdown.
In a statement, the company said the reports being circulated on social and traditional media were “false and misleading.”
It explained that the planned maintenance was successfully completed ahead of schedule and in line with international safety and operational standards.
According to Ghana Gas, the plant was restarted on August 27, 2025, and has since been delivering gas safely to major consumers, including power producers and industries.
The company noted that the shutdown works involved calibration of safety systems, overhaul of the main transmission compressor, servicing of the heat medium system, and replacement of the system fluid as recommended by the manufacturers.
It added that in previous years, restarting the plant after such major works had taken at least 14 days, but this year the team managed to complete the process in just five days.
Ghana Gas described the achievement as proof of improved planning, efficiency, and technical excellence.
Management also revealed that both the Chief Executive Officer and the Deputy Chief Executive in charge of Technical and Operations had personally commended the technical team for the job done ahead of schedule.
Ghana Gas assured the public that the Atuabo plant is in good condition and continues to supply reliable gas to support national energy needs.
The company further urged the media and commentators to verify information from official sources before publication, stressing that unverified claims only mislead the public and create unnecessary panic.
By: Jacob Aggrey
The Governor of the Bank of Ghana, Dr Johnson Asiama, has dismissed claims that the Central Bank is manipulating the exchange rate to cause the recent appreciation of the Cedi.
His comments come amid growing speculation following the local currency’s notable performance against major foreign currencies in recent weeks.
Addressing participants at the Ghana CEO Summit in Accra on Monday, 26 May 2025, Dr Asiama firmly denied any artificial intervention by the Bank of Ghana.
He noted that the strength of the Cedi was the result of broader economic improvements rather than external support or short-term tactics.
“Our Cedi has appreciated by 24.1% against the US dollar,” he stated. “Let me emphasise that the Central Bank is not using international reserves to prop up the Cedi, nor are we engineering an unsustainable appreciation.”
He attributed the positive trend to a combination of disciplined monetary policy, foreign exchange reforms, and increased inflows.
“These are not short-term interventions—they are deliberate, structural changes aimed at ensuring long-term stability,” he explained.
Dr Asiamah further pointed to enhanced market surveillance and improved remittance flows as contributing factors to the sustained strength of the currency.
He assured the business community that the central bank remains committed to maintaining transparency and credibility in Ghana’s monetary operations.
Source:Myjoyonline.com
