{"id":100629,"date":"2025-10-28T08:51:58","date_gmt":"2025-10-28T08:51:58","guid":{"rendered":"https:\/\/sotnews.agency\/?p=100629"},"modified":"2025-10-28T08:51:58","modified_gmt":"2025-10-28T08:51:58","slug":"cedi60-banks-support-bogs-push-for-currency-stability","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=100629","title":{"rendered":"Cedi@60: Banks support BoG\u2019s push for currency stability"},"content":{"rendered":"
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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.<\/p>\n

Speaking on Joy FM\u2019s Super Morning Show ahead of the official launch of the Cedi@60<\/em> 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 \u2014 but citizens also have a crucial role to play.<\/p>\n

\u201cSo as a community of banks, we are very much with the Central Bank, with the country, in celebrating this milestone,\u201d he said. <\/p>\n

\u201cIt\u2019s in the interest of all of us as users to respect the currency, to value the currency, to transact in the currency.\u201d<\/p>\n

He noted that the goal is not merely to chase appreciation or fear depreciation, but to ensure the Cedi remains stable within \u201cmanageable confines,\u201d which supports economic confidence.<\/p>\n

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.<\/p>\n

Mr. Awuah\u2019s comments come as Ghana marks 60 years since the introduction of the national currency in 1965. <\/p>\n

The celebration \u2014 held under the theme \u201c60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience\u201d<\/em> \u2014 highlights ongoing efforts by the Central Bank to sustain financial stability amid global economic pressures.<\/p>\n

He assured Ghanaians that commercial banks remain committed to collaborating with regulators to support the Cedi and strengthen the local economy.<\/p>\n<\/div>\n

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\"GhanaChief 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.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6150,1919,4205,1951,1883,117,10,9],"tags":[],"class_list":["post-100629","post","type-post","status-publish","format-standard","hentry","category-banks","category-cedi","category-currency","category-hp-news-1","category-national","category-news","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/100629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100629"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/100629\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}