Prof. Naana (M), Edward Annan (3-L), Dr. Godwin Acquaye (2-R) other dignitaries in a group photograph
Vice President, Jane Naana Opoku-Agyemang, has cautioned stakeholders against being complacent with the cedi’s recent recovery, urging them to develop financial discipline to help sustain the trend.
Speaking at the opening at the Ghana Economic Forum 2025, themed, “Current Stability – A Reset for Sustainable Economic Growth,” Prof. Opoku-Agyemang stated that the value of the cedis is determined by hard work and deliberate disciplinary choices.
“And when we fail to discipline our fiscal habits, the Cedi pays the price. The cedis recovery is not a miracle. It is the outcome of deliberate disciplinary choices. The Bank of Ghana’s careful policies, stronger export performance and the Gold Board initiative, which ensures our gold directly strengthens our gold reserves, have helped to increase cedis confidence both at home and abroad.
“Investors are returning. However, this is not a time for complacency. It is a time for consolidation,” she said.
The Vice President said value addition to raw materials produced in the country will make the cedi strong. “The cedi will never be as strong as it should be if we continue to export, for example, cocoa beans instead of chocolate, bauxite instead of aluminum,” she stated.
The Vice President added that through prudent expenditure cuts, strengthening employment controls and sound financial management by the government, the economy is restoring confidence, rebuilding value and achieving tangible economic gains.
CEO of Business and Financial Times (B&FT), Dr. Godwin Acquaye, emphasised that a stable currency is more than an economic indicator. According to him, it reflects national confidence, business certainty, and social well-being. “When the cedi is stable, businesses can plan better, investors are more likely to stay longer, and households thrive.”
He also highlighted the Ghana Economic Forum’s impact, saying it has not only discussed problems but also generated insights, influenced policies, and strengthened public-private sector collaborations.
Chairman of the Ghana Economic Forum 2024, Edward Annan, emphasised the need to learn from the past, acknowledge the present, and envision the future to build a Ghana that is more competitive, inclusive, and resilient.
By Prince Fiifi Yorke