Cedi Ranked 4th Strongest Currency in Africa Amid Economic Recovery
Ghana’s cedi has emerged as the fourth-strongest currency on the African continent in 2025, recording a year-to-date gain of approximately 30%, according to data from the Forbes Currency Converter. Currently trading at GH₵10.42 to the US dollar, the cedi’s impressive performance is being credited to Ghana’s ongoing economic recovery, improving investor confidence, and a buildup of strong international reserves.
The ranking places Ghana behind only Tunisia, Libya, and Morocco, whose respective dinars and dirham hold the top three spots. The Tunisian dinar has been Africa’s best-performing currency in July 2025, followed closely by the Libyan dinar and the Moroccan dirham. Rounding out the top 10 are the Botswana pula, Seychellois rupee, Eritrean nakfa, and South African rand.
Analysts say the cedi’s appreciation reflects Ghana’s tighter fiscal controls, ongoing structural reforms, and renewed confidence from development partners and foreign investors. The government’s recent measures to support local industries, boost exports, and stabilize inflation have also contributed to the cedi’s resilience.
With Ghana’s economy showing signs of stabilization and growth, financial experts expect the cedi to maintain relative strength against major currencies, particularly the US dollar, throughout the remainder of the year.
