Cedi occupies fourth position as the best performing currency in Africa.

In July 2025, the Ghana cedi was ranked as the fourth best-performing currency in Africa.

According to the Forbes Currency Converter, the cedi traded at GH¢10.42 to the US dollar, marking a year-to-date appreciation of approximately 30%.

Topping the list of African currencies was the Tunisian dinar, followed by the Libyan dinar and the Moroccan dirham in second and third places, respectively.

Rounding out the top ten were the Botswana pula, Seychellois rupee, Eritrean nakfa, South African rand, Lesotho loti, and Namibian dollar in fifth through tenth positions.

Looking ahead, the Ghana cedi is projected to maintain relative stability against the US dollar and other major currencies, supported by a stronger macroeconomic environment and robust international reserves, now exceeding four months of import cover.

In a recent press briefing, the International Monetary Fund noted: “Faced with large policy slippages and reform delays at the end of 2024, the new administration has taken bold corrective actions to keep the Economic Credit Facility programme on track. These efforts, alongside continued reforms and a stronger external position, are expected to help Ghana achieve its goals of economic stabilization, resilience building, and more inclusive growth.”

The IMF further emphasized the government’s commitment to restoring fiscal discipline and tackling structural challenges, highlighting the passage of a 2025 budget aligned with programme objectives and the implementation of a reinforced fiscal responsibility framework.

These developments reinforce a positive outlook for the cedi as Ghana approaches the peak economic season.