The International Monetary Fund (IMF) has ranked the Ghana cedi as the best performing currency in Africa in 2025.
According to local media reports, the IMF analysed at least 20 major economies on the continent, out of which Ghana’s local currency appreciated more tha 40 percent against the US dollar in 2025.
The end‑of‑year assessment places the cedi ahead, marking a major shift from earlier projections by international financial institutions that had ranked it outside the top three.
Economic analysts attribute the cedi’s rebound to a mix of monetary policy decisions and IMF‑supported reforms.
The Bank of Ghana strengthened foreign reserves to nearly US$14 billion by the end of 2025, helping to stabilise the currency and improve market confidence.
Support from the IMF programme has further reinforced fiscal and monetary discipline, enabling the central bank to implement policy measures that continue to boost investor sentiment and enhance exchange‑rate stability.
The cedi’s dramatic rise in 2025 has drawn global attention not only for the scale of its appreciation but also for the speed of its recovery.
Additional data from Bloomberg, confirms that the cedi appreciated by nearly 40.7%, ending the year at approximately GH¢10.93 to the US dollar its strongest annual performance in over three decades.
The currency’s renewed appreciation follows years of volatility marked by inflationary pressures, debt distress, and market uncertainty.
With the cedi now recognized as Africa’s strongest currency for 2025, attention turns to 2026, where financial experts predict that the Bank of Ghana may introduce additional policies to consolidate this progress and maintain stability.
