IMF Data ranks Ghana Cedi Africa’s strongest currency in 2025

The Ghana cedi has been named Africa’s strongest-performing currency in 2025, based on International Monetary Fund (IMF) data covering more than 20 leading economies across the continent.

The report, sighted by Joy Business, shows that the cedi gained over 40 per cent against the US dollar during the year, outperforming more than 20 other African currencies included in the analysis. This placed the cedi at the top of the continent’s currency performance rankings for 2025.

The IMF’s findings come after earlier assessments by some international media organisations and global financial institutions had ranked the cedi as the fourth-best-performing currency in Africa. However, a comprehensive full-year review of IMF data indicates that the Ghana cedi ultimately led the continent in terms of appreciation against the US dollar.

Analysts have linked the cedi’s strong showing to policy interventions by the Bank of Ghana, alongside reforms introduced under the IMF-supported economic programme. By the close of 2025, Ghana’s international reserves had risen to nearly US$14 billion, helping to reinforce currency stability.

Sources further suggest that the central bank is considering additional policy actions in 2026 to sustain and strengthen the gains achieved in stabilising the cedi.