IMF Crowns Ghanaian Cedi Africa’s Best-Performing Currency in 2025
The International Monetary Fund (IMF) has ranked the Ghanaian cedi as the best-performing currency in Africa for 2025, following a year of remarkable appreciation against the US dollar.
Damian Owusu 
The International Monetary Fund (IMF) has ranked the Ghanaian cedi as the best-performing currency in Africa for 2025, following a year of remarkable appreciation against the US dollar.
The cedi appreciated by over 40% against the US dollar in 2025. This performance placed Ghana ahead of more than 20 other African currencies tracked in the IMF’s assessment. Earlier reports had ranked the cedi as the fourth-best-performing currency, but the IMF’s full-year review confirmed it as the top performer.
Market analysts and the IMF attributed the cedi’s resilience to:
Policy measures by the Bank of Ghana, including tighter monetary controls.
Reforms under the IMF-supported programme, which boosted investor confidence.
International reserves built up to nearly US$14 billion by the end of 2025, providing a buffer for currency stability.
Sources suggest the Bank of Ghana may roll out additional policy measures in 2026 to consolidate these gains. Analysts believe continued fiscal discipline and external reserve management will be crucial to sustaining the cedi’s strength.
This recognition positions Ghana as a standout in Africa’s financial landscape, reinforcing its image as a “poster boy” for economic recovery and stability.
