The New Patriotic Party (NPP) Minority in Parliament has credited former President Nana Akufo-Addo with playing a “major contributory role” in the current stability of the Ghanaian cedi on Wednesday, as the nation marked the 60th anniversary of its currency with a high-profile launch by the Bank of Ghana (BoG).
Deputy Minority Whip, Jerry Ahmed Shaib made the remarks during parliamentary proceedings, stating: “Credit Akufo-Addo for Cedi Stability. He is a major contributor.” The praise aligns with earlier NPP assertions that macroeconomic foundations laid by the Akufo-Addo/Bawumia administration — including IMF program adherence and fiscal reforms — underpin the cedi’s recent 37% appreciation against the U.S. dollar.
The BoG launched “Cedi@60” on Tuesday at the Accra International Conference Centre under the theme “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience.” Introduced on July 19, 1965, by Kwame Nkrumah to replace the Ghanaian pound, the cedi has endured redenominations in 1967 and 2007 amid economic turbulence.
Governor Dr. Johnson Pandit Asiama highlighted recent gains: headline inflation at 9.4% in September 2025 and the cedi’s transformation from the world’s worst performer in 2022 to a top global gainer in 2025, per Bloomberg. Vice President Prof. Naana Jane Opoku-Agyemang urged fiscal discipline to sustain progress, while Finance Minister Dr. Cassiel Ato Forson reaffirmed the Mahama government’s commitment to stability.
The year-long initiative includes exhibitions, public lectures, and diaspora engagements to boost confidence and combat dollarization. Commercial banks backed BoG measures, noting narrowed interbank-parallel market gaps.
NPP’s attribution reignites partisan debate in Ghana’s polarized politics, with the party — ousted in December 2024 elections — claiming credit for post-crisis recovery amid Mahama’s “Reset Ghana” agenda. Analysts caution that sustained reforms in exports, reserves, and governance are key to long-term resilience.
