Ghana’s cedi knows no political party – Pres. Mahama

Accra, Ghana — President John Dramani Mahama has dismissed attempts to politicise the performance of Ghana’s currency, declaring that the cedi recognises no political party and responds only to sound economic management.

Speaking at a public engagement, the President sought to defuse partisan arguments over the local currency’s stability, insisting that the health of the cedi is a national concern that should unite rather than divide the political class. He noted that currencies are moved by economic fundamentals, market confidence, and policy credibility—not by party colours or campaign slogans.

The President’s remarks come amid renewed debate over the cedi’s recent performance, with supporters of the governing party touting gains against major international currencies while opponents question whether the stability is durable or merely temporary. Mahama’s response reframed the conversation, urging Ghanaians to judge the economy by evidence rather than rhetoric.

He pointed to the government’s efforts to shore up foreign reserves, attract investment, and manage fiscal pressures as evidence of a deliberate strategy to anchor the currency. At the same time, he acknowledged that challenges remain and that exchange rate stability requires sustained discipline from both the government and the private sector.

The President also cautioned against the temptation to weaponise economic indicators for political advantage, warning that such tactics undermine public confidence and obscure the real issues affecting ordinary Ghanaians. He called for a more mature national conversation about economic policy, one grounded in facts and shared responsibility.

His comments are likely to resonate with Ghanaians who have grown weary of partisan blame games over the economy. However, critics may argue that the government must do more to demonstrate that the currency’s resilience is structural rather than circumstantial.

For Mahama, the message is clear: the cedi belongs to all Ghanaians, and its fate should not be reduced to a political football.

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