The Ghanaian cedi may have earned the title of the world’s best-performing currency in 2025, according to Bloomberg data, but analysts caution that this is not a time for celebration.
Despite the seeming strength, the appreciation is viewed more as a recovery than a sign of long-term currency stability or economic strength.
This year’s currency rebound, where the cedi appreciated by over 25 percent against the U.S. dollar, stands in stark contrast to its 2022 crisis, when it lost more than 55 percent of its value amid soaring inflation, rising debt, and fiscal mismanagement.
