The Ghana Cedi has depreciated by about 4.0% to the US greenback thus far in 2025, the World Financial institution April 2025 Africa Pulse Report has revealed.
This is among the greatest performances in current occasions.
In 2024, the cedi misplaced over 17% in worth to the American dollar.
In Africa, the CFA Franc utilized by most Francophone West African international locations is one of the best performing.0 foreign money, appreciating by about 2.0% to the American greenback.
Based on the World Financial institution, the weakest performing currencies over the previous 12 months had been the South Sudanese pound, the Ethiopian birr, and the Nigerian naira, with reductions in worth that exceeded 40% in 2024.
It continued that as monetary situations grew to become much less restrictive and the positive factors from overseas alternate market reforms started to materialise, some African currencies regularly began to strengthen.
As an illustration, the Kenyan shilling appreciated 20% all through 2024 and has remained comparatively steady in 2025.
Alternatively, the South African rand and currencies which can be pegged to the rand have fluctuated barely in 2024 and thus far in 2025 across the values registered by the tip of 2023.
Additionally, African international locations that skilled overseas alternate shortages—because of elevated exterior debt service and subdued export revenues—noticed their currencies weaken sharply, notably in 2024.
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