Few currencies have had a year as dramatic as the Ghanaian cedi in 2025.
It opened the year trading at ₵14.70 to the dollar, weakened slightly to ₵15.50 by February, and then held steady through April — one of the longest periods of stability in a decade.
Then came the surprise.
Between April and May, the cedi strengthened sharply to ₵10.30, defying nearly all expectations.
Watch the full explainer video here:
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