The Ghana cedi ended 2025 as the 4th best performing currency in Africa.
According to Forbes, the cedi’s currency value of GH¢10.93 per US dollar makes it one of the strongest currencies on the continent.
Tunisia dinar came 1st with a currency value of 2.90 per US dollar. It was followed by Libyan dinar and Morocco dirham in 2nd and 3rd respectively.
In 5th, 6th, 7th and 8th were Botswana pula, Seychelles rupee, Eritrea nakfa and Swaziland lilangeni.
Rounding up the top 10 were South Africa rand (9th) and Namibia dollar (10th).
The World Bank stated that Ghana’s currency was strengthened by tight monetary and fiscal policies, increase export revenues buoyed by higher prices of gold and cocoa and improved market sentiment.
Meanwhile, the cedi appreciated by a record 27.75% to one American greenback in the retail market in 2025.
It traded at GH¢12.30 to one US dollar at the forex bureau. The Bank of Ghana, however, quoted the cedi at GH¢10.45 cedi to one US dollar.
The International Monetary Fund in its recent Staff Report said the Bank of Ghana (BOG) is actively managing the foreign exchange market, while increasing its footprint.
“Since program approval, the BoG has taken an increasingly active role as an intermediary in the FX [forex] market on the back of stronger BoP [Balanced of Payments] inflows”.
It added that the Domestic Gold Purchasing Programme has been the key source of these inflows, which also included cocoa inflows and repatriation requirement on extractive sector export proceeds.
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