Skip to main content

Bank of Ghana to mark Cedi@60 on July 19

 


The Bank of Ghana (BoG) has announced that it will celebrate the 60th anniversary of the Ghana Cedi on July 19, 2025.

A statement released by the central bank on May 13 said the cedi will mark 60 years as Ghana’s sole legal tender.

Since its issuance on July 19, 1965, the Cedi replaced the Ghanaian Pound as the sole legal tender, and has remained a strong symbol of Ghana’s economic sovereignty and development.

To adapt to the changing demands of the Ghanaian economy, the Cedi has evolved through several modifications in form and policy direction, over the last 60 years. Ghana’s tenacity, innovation and quest for economic stability are all embodied in the Cedi’s reforms, from the first note and coins to the safe currency we use today”, the statement said.

The BoG explained that in recognition of the important milestone, the central bank intends to commemorate the 60th anniversary of the issue of the cedi with a series of nationwide activities and engagements between July and December 2025, including official launch events, public exhibitions, educational campaigns and stakeholder forums.

“This anniversary offers an opportunity for Ghanaians to reflect on the history of the cedi, to celebrate the progress made, and to reaffirm our collective responsibility to protect the value and integrity of the currency. In addition to being a medium of exchange, the Cedi is a symbol of our pride, heritage and shared aspirations for a prosperous future”.

The BoG pointed out that the evolution of the cedi reflects Ghana’s resilience, innovation and pursuit of a robust economy.

The Bank of Ghana extends an invitation to the public, institutions, organisations, stakeholders and development partners to join the Bank in celebrating this important milestone. Further details of the programmes and activities will be announced in due course. The Bank of Ghana is committed to maintaining a stable Cedi in pursuit of stability in the general level of prices”, it ended.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...