Since January 1, 2025, the Ghanaian cedi has climbed +42% against the US dollar, making it the #1 best‑performing currency globally.
🔍 Why it’s happening:
• Gold & Oil Boom: Ghana’s gold production is thriving—export revenues are up with record prices. And oil earnings are giving a healthy boost to FX reserves.
• IMF‑Backed Strategy: A strict stabilization plan and a surprise rate hike to ~28% have strengthened investor confidence.
• Forex Management: Clean auction systems, growing remittance inflows, and strategic central bank interventions have stabilized the currency.
📊 Projection:
Analysts suggest the cedi could sustain gains into Q3 2025, provided gold & oil prices hold steady and policy discipline continues—though geopolitical risks and global headwinds could impact the pace. Stay tuned!
