High Court Dismisses Bank of Ghana's Application in Cedis Depreciation Case

ACCRA, Ghana – July 23, 2025 – The High Court has dismissed an application by the Bank of Ghana (BoG) seeking to strike out a case alleging negligence in the management of the Ghana Cedi since 2017.

The decision means the lawsuit, which claims the central bank's actions or inactions contributed to the significant depreciation of the national currency, will proceed. The case has garnered considerable public interest amidst ongoing concerns about the cedi's performance against major international currencies.

Details regarding the specific plaintiffs or the exact nature of the negligence alleged were not immediately available, but the High Court's ruling signals a continuation of legal proceedings that could have significant implications for the Bank of Ghana and its leadership.

The cedi has experienced substantial depreciation over the past few years, impacting various sectors of the Ghanaian economy and leading to increased cost of living. This lawsuit brings to the forefront questions about accountability in currency management.

Further updates are expected as the case progresses through the court system.