The Ghana Gold Board (GoldBod)
The Ghana Gold Board (GoldBod) has expressed satisfaction with its role in the recent strengthening of the Ghana cedi, as the nation marks six decades of its national currency.
The Bank of Ghana is celebrating the cedi’s 60th anniversary under the theme: “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience.”
Speaking at the Cedi@60 Ghana Currency Conference, President John Mahama commended ongoing efforts to improve foreign exchange liquidity management, noting that the “cedi has regained respect.”
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He also congratulated the Bank of Ghana for its work in helping stabilise the currency in recent months.
In line with these achievements, the Ghana Gold Board reiterated the strategic role it continues to play in supporting the cedi against major global currencies.
The Head of Media Relations at GoldBod, Prince Kwame Minkah, said he was encouraged by the President’s remarks on the currency’s performance.
According to him, the improvement reflects the institution’s core mandate of asserting Ghana’s sovereignty over its gold and other natural resources.
“GoldBod has been instrumental in gold accumulation and in boosting Ghana’s reserves, which has contributed significantly to strengthening the national currency,” he noted.
He added that the Board remains committed to deepening its collaboration with the Bank of Ghana to sustain the cedi’s current momentum.
Ghana has long grappled with cyclical currency depreciation, a trend the current administration is seeking to reverse through strategic resource-backed initiatives, with GoldBod serving as a key conduit in building the country’s foreign exchange buffers.
This year’s Cedi@60 celebration marks six decades since Ghana introduced the cedi in 1965, replacing the Ghanaian Pound, an enduring milestone underscoring the nation’s pursuit of economic sovereignty and stability.
SP/MA
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