Ghana's Cedi Emerges as Africa's Best-Performing Currency Amid Economic Recovery Under Mahama

In a remarkable economic turnaround, Ghana's cedi has been recognized as Africa's best-performing currency for 2025, appreciating nearly 40% against the US dollar, according to Bloomberg. This significant recovery is attributed to strategic policy initiatives implemented under President John Dramani Mahama's leadership, notably the "Reset Agenda" and the 24-hour economy initiative.

Novihoho Afaglo, a prominent member of the National Democratic Congress (NDC), lauded these policies, stating they have played a crucial role in stabilizing the economy, which was previously on the brink of collapse. The cedi's value improved from approximately GH¢17.00 to about GH¢10.35, earning it recognition as the best-performing currency globally in 2025.

Additionally, inflation rates have seen a dramatic decline from over 23% at the end of 2024 to 6.5% in December 2025, resulting in lower prices for goods and alleviating financial pressure on consumers. Afaglo also highlighted the reduction of the national debt by nearly GH¢150 billion and reported an impressive economic growth rate of 6.1% in early 2025, marking the highest growth rate in recent years.

This recovery stands in stark contrast to the depreciation of the Ethiopian birr, which faced the most significant decline against the dollar in the same period. The cedi's performance, alongside the broader economic improvements, reflects a positive outlook for Ghana as it navigates the complexities of the global market.