BoG set to liberate Cedi@60 anniversary on October 28; to air survive all Joy platforms – Life Pulse Daily

Introduction

Bank of Ghana to Marks Cedi@60 Anniversary with Landmark Launch on October 28 – Ghanaians are abuzz with anticipation as the Bank of Ghana (BoG) prepares to commemorate the 60th anniversary of the Ghana Cedi with a grand celebration on October 28, 2025. The event, tagged “Cedis@60,” will unite monetary policymakers, historians, and the public in reaffirming the Cedi’s role as a cornerstone of national identity and economic resilience.

From the symbolic exchange of the Kwacha for the Cedi in 1965 to the unveiling of enhanced security features in recent banknotes, the anniversary promises to highlight Ghana’s monetary journey. With promises of live broadcasts across JoyFM, Joy News, and digital platforms, the BoG aims to democratize access to this historic occasion while advocating for financial literacy and cleaner currency practices.

Analysis

Historical Context of the Ghana Cedi – Since its introduction in 1965, the Cedi (GHS) has evolved from a symbol of post-colonial independence to a dynamic representation of Ghana’s economic sovereignty. Initially replacing the British West African Dollar, the Cedi’s design has undergone multiple redesigns, with the most recent series incorporating advanced anti-counterfeiting measures to bolster public trust.

Economic and Cultural Significance – Beyond its monetary function, the Cedi serves as a canvas for Ghana’s cultural heritage. Erudite scholars and financiers alike will appreciate the currency’s journey through Ghana’s economic milestones, including hyperinflation in the 1990s, structural adjustment programs, and the current sovereign debt restructuring.

Global Relevance – The planned overseas cash conference underscores Ghana’s commitment to fostering dialogue among central bankers, policymakers, and international financial institutions, positioning the Cedi as a case study in emerging market currency management.

Summary

The Cedi@60 celebrations will be a multifaceted event featuring:

• A national launch at the Accra International Conference Centre, attended by President Mahama and financial dignitaries.
• Exhibition tours showcasing Cedi’s historical designs and anti-counterfeiting innovations.
• Regional Cedi Van Roadshows to educate citizens on cash handling and security features.
• Public campaigns to promote the Clean Note Campaign.
• A symposium uniting central banks to address global currency challenges.

The BoG emphasizes that these initiatives will deepen public engagement with monetary policy and inspire national pride in Ghana’s financial narrative.

Key Points

Practical Advice

Participating in the Celebrations – To immerse yourself in the events:

• Tune into Live Streams: Set reminders for October 28 at 9 AM GMT (JoyFM and Joy News).
• Attend Regional Roadshows: Join the Cedi Van tour in cities like Kumasi, Tamale, or Accra for hands-on learning.
• Leverage Digital Resources: Follow the BoG’s educational portal for lesson plans on Cedi history and anti-counterfeiting tips.

Protecting Your Currency – The Clean Note Campaign urges Ghanaians to report mutilated Cedi to banks. Key steps include:

• Familiarize yourself with security features: Watermarks, watermark zones, and micro-lettering.
• Use bank ATMs for ATMs linked to the Clean Note Campaign for exchange of damaged notes.

Points of Caution

Economic Realities vs. Celebratory Ambitions – While the Cedi@60 event aims to rejuvenate public confidence, Ghana’s current economic challenges—ranging from exchange rate volatility to public debt—may overshadow the festivities. Critics argue that celebrating the Cedi’s history without addressing contemporary fiscal issues could risk appearing tone-deaf.

Streaming Platform Reliability – Ensure Joy FM and Joy News platforms are accessible in your region to avoid missing the broadcast. Pre-register for SMS reminders via Joy’s official channels.

Counterfeit Risks – With the introduction of new note designs, unscrupulous individuals may produce fraudulent copies. Stay vigilant for discrepancies in official security features.

Comparison

The evolution reflects Ghana’s adaptive monetary policies, balancing tradition with modern anti-counterfeiting needs.

Legal Implications

The BoG’s authority to launch the Clean Note Campaign falls under the Bank of Ghana Act, 2002 (Act 575), which mandates the central bank to ensure currency integrity and combat fraud. Non-compliance with clean note protocols (e.g., hoarding damaged Cedi) remains a criminal offense under the Counterfeit Note and Related Offences Act, 1994 (Act 484).

Conclusion

The Cedi@60 anniversary is poised to reinforce Ghana’s pride in its monetary history while promoting vigilance against counterfeiting. By aligning cultural celebration with economic education, the BoG reinforces the Cedi’s dual role as a historical artifact and a practical tool for financial inclusion.

As the date approaches, stakeholders are urged to leverage available resources—both online and in-person—to engage meaningfully with Ghana’s financial legacy. Whether through watching the live stream or attending the Discovery Boat tour, every effort counts toward sustaining the Cedi’s legacy.

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