The Cedi has achieved significant gains against the dollar following the third quarter of 2025, even as it experienced a marginal depreciation of 13%, as reported by the World Bank’s latest African Pulse Report.
The report indicates that the cedi has appreciated by more than 20 percent since the beginning of the year, marking the most robust performance among African currencies.
It further gave credit to 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. Also, the successful debt restructuring has contributed immensely to the gains of cedi according to the report.
The Zambian Kwacha currently stands as the second most robust performing currency in Africa, attributed to enhanced dollar supply and reduced oil import expenses.
The cedi’s recovery is noteworthy due to Ghana’s economic reforms and improved external conditions. The World Bank credits a lower U.S. dollar, rising commodity prices, and favorable global financial conditions for the strengthening of African currencies in 2025, which has helped reduce inflationary pressures and stabilize markets across the continent.
