Nana Kwame Bediako, also known as Cheddar, the founder and leader of the New Force, has pledged to implement policies enabling Ghana to print its own currency if elected in the 2024 elections.
During the New Force Key Policy Launch on Sunday, September 1, Cheddar criticized the current practice of outsourcing currency printing to foreign countries like England and Switzerland.
He questioned why Ghana relies on external entities for such a fundamental task and argued that this dependence reflects a broader issue of economic reliance.
“With all the reserve there is one thing that I would like to add and I know we probably have never thought of it. Why do we buy money? Why do we have to go to England or Switzerland or Belarus to print our money and we fly it or ship it before we have money?
“What happens to the industrial power that we are creating now? We are going to print money on our own. We don’t need to go to America or England to print money.
“We don’t need to go anywhere else to go and buy food and bring it here. We don’t need to pay seven times the taxes of whatever that is already in our country and someone has just packaged it and we go and buy it for premium price and bring it back here, that stops. Because we are going to create them here,” he stated.
