Dr Cassiel Ato Forson, Minister of Finance
The Minister for Finance, Dr Cassiel Ato Forson, has reiterated that the US dollar is not Ghana’s legal tender and has urged businesses and the general public to conduct all transactions strictly in the Ghanaian cedi.
Delivering remarks at the launch of the 60th anniversary celebration of the cedi in Accra on October 28, 2025, Dr Forson expressed concern over the increasing trend of quoting prices in foreign currencies, especially the US dollar.
He described the practice as harmful to the strength and credibility of the national currency and to the economy as a whole.
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“Let me use this opportunity to once again stress that as Ghanaians, the Ghana cedi remains the only legal tender. The US dollar is not our currency. The cedi is our only currency,” he emphasised.
The finance minister warned that dollarisation contributes to exchange rate instability and undermines confidence in the domestic market.
“The continued pricing of goods and services in the US dollar will only hurt us. Let’s stop it, and let us stop it now,” he stated.
Dr Ato Forson further called on traders, institutions and citizens to demonstrate patriotism by reinforcing the use of the cedi in everyday transactions.
“The cedi is the only currency we have. Let us protect it, let us trade with it, and let us defend it with all the vim within us. Let us talk about the cedi with pride, not as a burden,” he added.
The Cedi@60 celebration, themed “60 Years of the Cedi: A Symbol of Sovereignty, Stability and Economic Resilience,” highlights six decades of the national currency, which has weathered cycles of inflation, devaluation, redenomination, and recovery.
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