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Tuesday, November 18, 2025

Cedi’s relevance must be preserved amid digital payment growth

Dr Johnson Asiam is the Governor of the Bank of Ghana play videoDr Johnson Asiam is the Governor of the Bank of Ghana

The Governor of the Bank of Ghana, Dr Johnson Asiama, has urged Ghanaians to uphold the trust and integrity of the local currency, stressing that the cedi must remain a benchmark of confidence for future generations.

According to him, major global shifts are redefining the role and perception of physical cash.

Speaking at the Currency Anniversary Conference in Accra on Tuesday, November 18, 2025, Dr Asiama observed that while digital payments are expanding rapidly and digital currencies are gaining momentum, this trend should not overshadow the continued relevance of cash in every economy.

He explained that every generation holds its own memory of the national currency, making it crucial to consider how young Ghanaians will relate to the cedi in the years ahead.

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“Young Ghanaians are growing up in a world where value is moved instantly, where digital interaction is second nature, and where expectations of transparency and accountability continue to rise. Part of our responsibility as policymakers, technicians, and leaders is to ensure that the Cedi — however it is accessed — continues to serve these aspirations,” he stated.

Dr Asiama further emphasised the enduring importance of cash to national economies.

He added that the trust future generations place in the cedi will depend on the credibility of the institutions responsible for managing it.

Watch the Day 1 of the conference below:

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