Pricing In Cedis Will Help Stabilise the Cedi- BoG Boss

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has encouraged Ghanaians to make use of the legal tender instead of pricing in dollars.

From his observation, Ghanaians prefer the dollar instead of the cedi, an action, he says, that derails efforts in reining in the currency against major currencies.

“On the cedi, we have been preaching to Ghanaians that the cedi is the only legal tender we have, but it’s as though Ghanaians prefer to use the dollar. While we implement measures to make sure that the cedi is stable, we expect Ghanaians to price in the cedi,” he said during a courtesy visit to the Asantehene on July 23, 2025.

He pleaded with the Asantehene to assist in the advocacy.

“It’s all that we have. We will ask for help from Nana to also preach that message to Ghanaians. If you go to South Africa, it’s the Rand they use, if you go to Kenya, it is their Shilling, but it appears that in Ghana, we don’t like the Cedi. We will do our part, but we will plead that as we improve the economy, Ghanaians join us.”

In furthering this advocacy, he said the Bank had outlined some activities to celebrate the 60th Anniversary of the tender, which was introduced by Dr Kwame Nkrumah.

“All these are meant to tell Ghanaians… that if we all embrace the cedi, it will be stable. If we all embrace the cedi, our monetary policy will be effective.”

Source: https://opemsuo.com/author/hajara-fuseini/