Bloomberg has described the Cedi as one of Africa’s three best performing currencies after its massive appreciation rate against the United States Dollar and other major foreign currencies.
According to Bloomberg’s report, the cedi has experienced a 41% increase in value against the dollar in 2025, while the Kwacha, which was previously outpacing the dollar, has only managed an 18.5% appreciation against the dollar.
The Kwacha was matching the greenback at 13.8 per cent to 22.8 per cent in 2024 ranking it as the best performing currency in Africa that year.
The analysis emphasized that the dollar declined by 8% following Trump’s inauguration in January, whilst the kwacha strengthened against key currencies, including the rand, pound sterling, and euro.
Starting the year at Ghs14.75 to 1 dollar, the cedi is now trading at Ghs10.3480 to 1 dollar, a significant increase that has made it one of the most successful African currencies at the moment.
According to the Ghana International Trade and Finance Conference (GITFiC), the growth of the cedi may be attributed to four variables. These factors include the stabilization of commodity prices, the reduction of speculative activity in the foreign exchange market, and the interventions of the central bank in terms of liquidity.
A significant number of Ghanaians and the business community are pleased with the appreciating trend of the cedi, with many expressing optimism that its steady rise will boost investor confidence, strengthen trade links with foreign nations, and spur economic growth.
