The Ghana cedi has been recognised as the best-performing currency in Africa for 2025, according to comprehensive data from the International Monetary Fund (IMF). An analysis of more than 20 major African currencies shows the cedi appreciated by over 40 % against the US dollar over the year, outperforming its continental peers.
Earlier in the year, some international financial reports had placed the cedi among the top four African currencies. However, the IMF’s end-of-year review, which incorporated a full set of 2025 data, confirms that Ghana’s currency led the pack in dollar gains.
Economists and market analysts point to a combination of sound policy frameworks by the Bank of Ghana and structural reforms supported by the IMF as key drivers of the cedi’s strong performance. These measures helped stabilise the currency and rebuild investor confidence amid challenging global economic conditions.
By December 2025, Ghana’s central bank had accumulated nearly US$14 billion in international reserves — a buffer that further underpinned currency stability and market credibility.
Looking ahead, sources within financial circles say the Bank of Ghana is considering additional policy actions in 2026 to safeguard the cedi’s hard-won gains and strengthen monetary resilience.
