Kumasi, Ghana – Dr. Johnson Asiama, Governor of the Bank of Ghana (BoG), announced on Wednesday, July 23, 2025, that the central bank is preparing to implement firm measures to curb the dollarisation of Ghana’s economy. The Governor made the statement during a courtesy call on His Majesty Otumfuo Osei Tutu II, the Asantehene, at the Manhyia Palace in Kumasi.
Accompanied by management members, Board of Directors, and both Deputy Governors, Dr. Asiama assured that the BoG is actively collaborating with various national agencies to enforce the Ghana cedi as the sole legal tender for all financial transactions within the country.
During the visit, Dr. Asiama appealed to the Asantehene for his support in the central bank’s public education campaign. He emphasized that Otumfuo Osei Tutu II’s esteemed status could significantly bolster efforts to inform the populace that the cedi is Ghana’s exclusive legal currency.
“We have always been preaching to Ghanaians that the cedi is the only legal tender in Ghana, and we believe that we can also seek the support of the Asantehene,” Dr. Asiama stated. He added, “The Bank of Ghana is working hard to firmly stabilise the cedi, and we also believe that should also help in dealing with this challenge.”
Ruth Abla ADJORLOLO
