The 14th Ghana Economic Forum 2025 was held in Accra under the theme “Currency Stability – A Reset for Sustainable Economic Growth.”
The forum, organised by the Business and Financial Times, brought together participants from across the business community, providing an important platform for meaningful dialogue on the state of Ghana’s economy and the way forward.
Speaking at the forum, the Vice President, Professor Naana Jane Opoku-Agyemang, urged Ghanaians to remain disciplined and focused as the nation works to secure lasting stability for the cedi and the broader economy.
She said Ghana’s recent economic gains and the strengthening of the cedi were the results of deliberate, consistent choices rather than luck or chance.
Professor Opoku-Agyemang praised the Business and Financial Times for continuing to host the forum, saying it offers an important platform for meaningful dialogue about the economy and the country’s development direction.
She noted that Ghana’s economic history shows that short-term comfort must never come at the expense of long-term stability.
“Previous generations knew that selling one’s means of livelihood may bring a brief benefit, but it eventually leads to hardship. The same lesson applies to our currency and our economy,” she said.
The Vice President explained that the government’s ongoing efforts to reset the economy and restore confidence in the cedi reflect this wisdom.
She described the cedi as a symbol of Ghana’s discipline, productivity, and national choices, noting that the currency’s value is built on the trust and hard work of the people.
“When the cedi weakens, every household feels the pain, but when the cedi is stable, inflation slows, credit becomes cheaper, and families feel secure,” she said.
She emphasised that macroeconomic stability must not be dismissed as a distant or abstract idea.
Ghana’s monetary story, she said, has passed through several phases — from the use of the British pound to the introduction of the cedi under Dr Kwame Nkrumah, through to the 2007 re-domination.
“Across these chapters, one truth stands out: when we depend too much on raw exports, import excessively, or fail to control public spending, the cedi suffers,” she said.
Professor Opoku-Agyemang said Ghana’s ongoing economic recovery was being driven by prudent spending cuts, stronger financial controls, and effective fiscal management.
“Our economy is restoring confidence, rebuilding value, and achieving tangible gains. The story of 2025 is one of cautious hope,” she stressed.
She noted that the cedi has made significant gains, recovering from the turbulence of a few years ago when it was named among the world’s worst-performing currencies.
Inflation has dropped to 9.4 per cent, gold reserves have grown, and debt agreements with creditors have eased the country’s fiscal pressures.
“These are not miracles; they are the outcomes of deliberate, disciplined choices,” she said.
She commended the Bank of Ghana for its careful policies and pointed to improved export performance and the Gold Board’s initiative, which ensured Ghana’s gold directly strengthens national reserves, as key contributors to renewed economic confidence.
BY AGNES OPOKU SARPONG
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