The Ghana cedi has been ranked as Africa’s best-performing currency in 2025, according to International Monetary Fund (IMF) data analysed across more than 20 major African economies.
A report sighted by Joy Business shows that the cedi appreciated by over 40 per cent against the US dollar in 2025, outperforming all other African currencies included in the IMF’s assessment.
This finding contrasts with earlier reports from some international news agencies and global financial institutions, which had placed the cedi as the fourth-best-performing currency on the continent.
However, the IMF’s comprehensive full-year review indicates that the Ghana cedi ultimately emerged as Africa’s strongest currency in terms of US dollar appreciation.
Analysts have attributed the cedi’s strong performance to a combination of policy interventions by the Bank of Ghana and economic reforms implemented under the IMF-supported programme.
By the close of 2025, Ghana’s international reserves had risen to nearly US$14 billion, providing a solid buffer to support currency stability.
Sources say the central bank is expected to introduce additional policy measures in 2026 to sustain and consolidate the gains made in stabilising the cedi.
