Ghana’s local currency, the cedi, has been ranked the fourth best-performing currency in Africa as of July 2025, according to data from the Forbes Currency Converter.
The report indicates that the cedi recorded a year-to-date gain of 30%, trading at GH¢10.42.
Leading the continent was the Tunisian dinar, which claimed the top spot, followed by the Libyan dinar and the Moroccan dirham, placing second and third, respectively.
Other currencies in the top ten include the Botswana pula, Seychellois rupee, Eritrean nakfa, South African rand, Lesotho loti, and the Namibian dollar, which ranked fifth to tenth.
The cedi has continued to show stability against major trading currencies, particularly the US dollar, on the interbank market.
According to the Bank of Ghana’s daily update, the cedi is trading at a buying price of GH¢10.44 and a selling price of GH¢10.45 per U.S. dollar as of July 28, 2025.
The British pound is being bought at GH¢14.01 and sold at GH¢14.03, while the euro at a buying price of GH¢12.24 and a selling price of GH¢12.25.
Meanwhile, the Governor of the Bank of Ghana, Dr Johnson Asiama, has pointed out that the cedi has appreciated by 42% in the first half of 2025.
This signals a strong macroeconomic performance and growing investor confidence.
SA/MA
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