Ghana’s economic landscape has witnessed a remarkable transformation, thanks in part to the phenomenal performance of its national currency, the cedi.
According to recent reports, the cedi has been crowned the world’s best-performing currency, having appreciated by nearly 16% against the US dollar since April 2025.
This impressive surge has been a significant factor in mitigating inflationary pressures, contributing to Ghana’s lowest inflation rate in eight months.
The cedi’s remarkable ascendance has not only bolstered consumer confidence but also alleviated the burden of imported goods, providing a much-needed respite for the country’s economy.
Government Statistician Alhassan Iddrus underscored the cedi’s impact, stating, “A rally in the cedi reduced the cost of imports.”
This stellar performance has sparked optimism about Ghana’s economic prospects.
The International Monetary Fund has expressed confidence that inflation will continue to trend downward, aligning with the country’s program objectives.
Ghana’s economic growth has been further buoyed by a significant surge in gold exports, with revenues soaring to $11.6 billion in 2024, representing a substantial 52.6% increase.
Key Economic Indicators:
-Inflation Rate: Down to 21.2% in April from 22.4% in March
-Cedi Appreciation: Nearly 16% against the US dollar since April 2025
-Gold Export Revenues: $11.6 billion in 2024, a 52.6% increase
