President John Dramani Mahama has attributed the recent strengthening of the Ghanaian cedi to the strategic interventions of the newly operational Ghana Gold Board (GoldBod). He described the currency’s steady performance as a direct outcome of sound policy decisions and decisive leadership.

Speaking at the official inauguration of the GoldBod Taskforce at the National Security headquarters, President Mahama dismissed the idea that the cedi’s improvement in global currency rankings was coincidental.

Instead, he credited it to the government’s deliberate efforts to restructure and formalize the country’s gold trade.

“For too long, our gold sector has been plagued by fragmentation, weak regulation, and rampant smuggling,” he said.

“These practices have deprived Ghana of critical foreign exchange earnings for years.”

The President described the establishment of GoldBod as a bold and timely response to these persistent challenges.

For the first time in years, he noted, the country is beginning to see tangible results from a well-structured and coordinated approach to managing its mineral wealth—particularly gold.

“It’s the Gold Board that has made the cedi abranteɛ now,” President Mahama declared, invoking the Akan word for a ‘gentleman’ to reflect the cedi’s newfound strength and respectability.

He called on members of the newly inaugurated Taskforce to remain focused, patriotic, and unwavering in their duties.

“This is not business as usual,” he cautioned.

“The Taskforce must operate without fear or favour.”

President Mahama further urged the team to uphold the highest standards of transparency and accountability, placing national interest above all else.

“The Ghana Gold Board is central to our economic recovery and currency stability,” he stressed.

“Let us protect it, empower it, and ensure it works for every Ghanaian.”