
Audio By Carbonatix
Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, has called on Ghanaians to take a greater interest in protecting the value of the Cedi by using and valuing it more in everyday transactions.
Speaking on Joy FM’s Super Morning Show ahead of the official launch of the Cedi@60 commemoration in Accra on Tuesday, Mr Awuah said commercial banks are working closely with the Bank of Ghana and the Ministry of Finance to maintain currency stability — but citizens also have a crucial role to play.
“So as a community of banks, we are very much with the Central Bank, with the country, in celebrating this milestone,” he said.
“It’s in the interest of all of us as users to respect the currency, to value the currency, to transact in the currency.”
He noted that the goal is not merely to chase appreciation or fear depreciation, but to ensure the Cedi remains stable within “manageable confines,” which supports economic confidence.
The GAB CEO recalled recent improvements in market conditions when the gap between the interbank and parallel market rates narrowed significantly. He stressed that such gains must be preserved through disciplined policies and collective behaviour.
Mr. Awuah’s comments come as Ghana marks 60 years since the introduction of the national currency in 1965.
The celebration — held under the theme “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience” — highlights ongoing efforts by the Central Bank to sustain financial stability amid global economic pressures.
He assured Ghanaians that commercial banks remain committed to collaborating with regulators to support the Cedi and strengthen the local economy.
Latest Stories
-
Character, not concrete, is the greatest infrastructure a nation can build – Bagbin
3 minutes -
Jospong Group calls for sustained waste management
12 minutes -
Bawumia mourns Ya-Na Abukari Mahama II, describes his death as a great loss to Ghana
17 minutes -
How Barbara Quashigah is creating value across business, agriculture and philanthropy
25 minutes -
WAFCON 2026: Zambia ready to challenge for a first continental title
34 minutes -
WAFCON 2026: Nigeria ready to defend their continental crown
37 minutes -
NPP supporters gather at EOCO headquarters demanding release of Miracles Aboagye
38 minutes -
Police arrest 7 suspects for disrupting NPP constituency executive elections at Wiamoase
41 minutes -
‘Rambo style arrest unacceptable’ – Senyo Amekplenu defends Miracles Aboagye
45 minutes -
Startup Exchange 2.0 urges founders to build resilient businesses through collaboration
45 minutes -
Kwaku Kwarteng petitions NPP to sanction Ayew Afriyie over Obuasi West executive elections dispute
48 minutes -
CIMG launches 2026 awards, vows crackdown on fraudulent marketing practices
52 minutes -
Kumasi SHS receives $85,000 modern kitchen as calls grow for nationwide SHS kitchen upgrades
1 hour -
Photos: Residents report uncollected debris after national clean-up exercise
1 hour -
FIFA celebrates 23-year-old Ghanaian medical doctor for his voluntary service at World Cup
1 hour