Ghana Cedi at 60 and Its Relevance to the Tourism Sector

29th Oct 2025 32 0


On Monday, 28th October 2025, Ghana officially launched the 60th Anniversary Celebration of the Cedi, under the theme, “60 Years of the Cedi: A Symbol of Sovereignty, Stability and Economic Resilience.”

The event brought together key stakeholders including the Minister for Finance, Dr. Cassiel Ato Forson, the Governor of the Bank of Ghana, Dr. Johnson Asiama, members of the financial sector, academia, diplomatic corps, and senior government officials.

In her address, Vice President Professor Naana Jane Opoku-Agyemang reflected on the Cedi’s historical and symbolic importance to Ghana’s identity and sovereignty. Introduced in 1965 under Dr. Kwame Nkrumah, the Cedi represented a bold assertion of economic independence and a declaration that Ghana’s value system and destiny were rooted in our own history and capacity.

The Vice President described the Cedi as a “social contract that reflects our confidence in national institutions and economic management.” A stable Cedi, she noted, enhances business competitiveness, protects farmers, enables better household planning, and supports long-term investments.

She also highlighted the resilience of the Ghanaian economy through various global and domestic challenges. Once rated the worst performing currency globally in 2022, the Cedi has now become one of the best performing currencies in 2025. Inflation has dropped from 54.1% to 9.4%, and Ghana’s international reserves continue to strengthen ,signaling renewed market confidence.

However, Prof. Opoku-Agyemang emphasized that this recovery requires sustained discipline and prudent fiscal management. She called for collective responsibility across government, parliament, the private sector, and citizens to protect and sustain the value of the Cedi.



The Relevance of the Cedi to the Tourism Sector

A stable Cedi plays a vital role in promoting Ghana’s tourism and hospitality industry.
Here’s how:

1. Investor Confidence: A stable economy attracts both local and international investors to the tourism sector — from hotels and resorts to airlines and tour companies.
2. Travel Planning: Stable exchange rates make Ghana more appealing to international travelers who want to plan and budget their trips ahead of time.
3. Digital Payments: The Bank of Ghana’s eCedi initiative makes cashless transactions easier for tourists, improving convenience and safety.
4. National Image: A strong and stable Cedi boosts Ghana’s global image, positioning the country as a safe and progressive destination under initiatives like Beyond the Return and Visit Ghana.


As we celebrate 60 years of the Ghana Cedi, we also celebrate six decades of resilience, innovation, and national pride. The story of the Cedi mirrors Ghana’s story — one of strength, stability, and sovereignty.

For the tourism sector, this milestone is a reminder that economic stability and cultural pride go hand in hand in building Ghana as a world-class destination.

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