The Ghana cedi was the best-performing currency in Africa in the first eight months of 2025, the World Bank has revealed in its October 2025 Africa Pulse Report.

With a year-to-date gain of 20%, the World Bank pointed out that the local currency was buoyed by tight fiscal and monetary policy, rising export revenue and improved market sentiment.

During the same period in 2024, the cedi had lost about 19% to the American greenback.

The second-highest currency in Africa this year is the Zambian kwacha with a year-to-date appreciation of 16%.

The World Bank said addressing barriers to structural transformation and prudent fiscal management will help sustain the gains in both currencies.

The weaker currencies in Africa in 2025 are the South Sudanese pound and the Ethiopian birr. They have done year-to-date reductions in value that exceed 10%.

The cedi has appreciated by 21.0% against the US dollar in nine months of 2025.

However, the local currency lost about 19% in value between late July 2025 and September 2025, after recording 40.5% appreciation as of July 2025.

According to the Bank of Ghana’s September 2025 Summary of Economic and Financial Data, the cedi traded at GH¢12.15 to one US dollar on the interbank market. However, in the retail market, the cedi is going for about GH¢13.60 t one American greenback.