{"id":111714,"date":"2026-01-19T05:18:00","date_gmt":"2026-01-19T05:18:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=111714"},"modified":"2026-01-19T05:18:00","modified_gmt":"2026-01-19T05:18:00","slug":"cedis-record-performance-in-2025-is-a-shared-national-gain-first-deputy-governor","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=111714","title":{"rendered":"Cedi\u2019s record performance in 2025 is a shared national gain \u2013 First Deputy Governor"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 13 Second <\/div>\n\n <\/div>
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The Second Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has said the cedi\u2019s strong performance in 2025 should not be viewed as a victory for the central bank alone but as a shared national achievement.<\/p>\n

Dr Mumuni explained that this is why protecting the cedi must be seen as a collective responsibility.<\/p>\n

\u201cProtecting the cedi is not the task of one institution, but a collective responsibility of policymakers, businesses, households, and yes, the media,\u201d he said.<\/p>\n

He made the remarks in a speech on reporting on the Bank of Ghana\u2019s operations and their impact on markets, delivered as part of the Governor\u2019s New Year Media Engagement.<\/p>\n

Dr Mumuni noted that the cedi ended the year much stronger, reflecting improved economic fundamentals, disciplined policy choices and growing confidence in the policy framework.<\/p>\n

\u201cAnd just as instability hurts everyone, stability benefits everyone,\u201d he added.<\/p>\n

He praised the media for its role during the Cedi@60 campaign, saying coverage during the period demonstrated the power of responsible reporting.<\/p>\n

\u201cBy reinforcing responsible currency handling and national ownership of the cedi, your reporting helped turn policy into public action,\u201d he said.<\/p>\n

However, the First Deputy Governor cautioned against sensational reporting, warning that it can amplify anxiety, while incomplete context can distort public understanding.<\/p>\n

He maintained that responsible journalism can help stabilise expectations and strengthen confidence in the economy.<\/p>\n

\u201cThis is not about silencing criticism,\u201d he said. \u201cIt is about recognising that in macroeconomics, perception often precedes reality.\u201d<\/p>\n

Cedi\u2019s performance<\/strong><\/p>\n

The Ghana cedi ended 2025 with an appreciation of more than 40 per cent against the US dollar, making it one of the best-performing currencies in Africa for the year.<\/p>\n

Market analysts have attributed the strong performance largely to the Bank of Ghana\u2019s decisive measures to stabilise the local currency.<\/p>\n

Central bank\u2019s losses and the media<\/strong><\/p>\n

Dr Mumuni also stressed the need for context when reporting central bank losses, noting that such outcomes are not unusual.<\/p>\n

\u201cCentral banks across the world can incur losses while taking decisive actions to stabilise their economies during periods of crisis,\u201d he said.<\/p>\n

According to him, such losses reflect policy choices made in the public interest rather than financial recklessness.<\/p>\n

\u201cThese outcomes reflect policy choices made in the public interest, not financial recklessness,\u201d he emphasised.<\/p>\n

He warned that failing to clearly explain this distinction could erode public trust.<\/p>\n

\u201cWhen this distinction is not clearly explained, public trust can be eroded,\u201d he said.<\/p>\n

Dr Mumuni added that the broader policy outcomes should not be overlooked.<\/p>\n

\u201cThe thrust of policy must not be lost; inflation fell sharply, reserves were rebuilt, and the cedi strengthened,\u201d he noted.<\/p>\n<\/div>\n

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\"Cedi\u2019sThe Second Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has said the cedi\u2019s strong performance in 2025 should not be viewed as a victory for the central bank alone but as a shared national achievement. Dr Mumuni explained that this is why protecting the cedi must be seen as a collective [\u2026]<\/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":[1904,4571,2558,15580,1978,1883,10,9],"tags":[],"class_list":["post-111714","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-cedi-stability","category-dr-zakari-mumuni","category-first-deputy-governor","category-hp-business-1","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/111714","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=111714"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/111714\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}