- Ghana cedi ranked Africa’s best-performing currency in 2025, per IMF data
- Currency appreciated over 40% against the US dollar
- IMF full-year review places cedi ahead of 20+ African currencies
The Ghana cedi has been ranked Africa’s best-performing currency in 2025, according to International Monetary Fund (IMF) data analysed across more than 20 major economies on the continent.
The IMF report, sighted by Joy Business, shows that the cedi appreciated by over 40 per cent against the US dollar during the year, outperforming all other African currencies included in the assessment.
This contrasts with earlier reports by some international news agencies and global financial institutions, which had placed the cedi as the fourth-best-performing currency in Africa. However, the IMF’s comprehensive full-year review indicates that the Ghana cedi ultimately emerged as the continent’s top performer in terms of US dollar appreciation.
Analysts attribute the currency’s strong performance to policy measures adopted by the Bank of Ghana, alongside reforms implemented under the IMF-supported programme.
By the close of 2025, the Bank of Ghana had built international reserves of nearly US$14 billion, providing further support for exchange rate stability.
Sources also suggest that the central bank is considering additional policy measures in 2026 to sustain and consolidate the cedi’s gains.
