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
-
Environment Minister calls for transparency in Ghana’s GMO adoption
20 minutes -
Ghana risks 10% to 100% tariffs on exports to US under Trump’s threats as it moves to join BRICS
35 minutes -
Moroccan king says migration cooperation model with Spain hit limit
2 hours -
Libya’s military seizes narcotics after firefight with smugglers
2 hours -
At least 139 migrants dead, including some children, after boat from Djibouti to Yemen capsizes, UN agency says
2 hours -
“US Embassy introduced TRIBE Culture Fest to NSA, GTA” – Kofi Adams
3 hours -
“NSA did not tell us of any embassy arrangement” – Kofi Adams
3 hours -
Kumasi records third commercial fire in three days
4 hours -
Trump faces growing backlash over plans to import diesel from Russia
4 hours -
AI is less regulated than milk, says Microsoft president
5 hours -
Boots sold in £7bn deal to Canadian billionaire family
5 hours -
Glasner suffers loss on Selhurst return as Palace beat Forest
5 hours -
WAFU B U17: ‘We won but I expected more from my boys’ – Kassim Ocansey
5 hours -
Royal Mail plans to cut 2,500 jobs
5 hours -
Man City cruise to statement win over 10-man Liverpool
5 hours