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.
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