The Ghana's cedi has gained nearly 50% against the US dollar in 2025.

 

In a remarkable financial turnaround, Ghana's cedi has surged nearly 50% against the US dollar so far in 2025, outperforming every global currency this year. According to Bloomberg data, it opened at approximately ₵15/$1 on January 1, 2025, and by early June had strengthened dramatically to around ₵10.21/$1, marking a stunning appreciation of nearly fifty percent.

This meteoric rise marks a sharp reversal from early 2022, when the cedi plunged over 55% against the dollar during a wave of inflation and sovereign debt turmoil. Today, however, its new standing reflects not just a temporary rally but a deep structural shift in Ghana's economic landscape.

Ghana, now the world’s sixth-largest gold producer, has benefited from a surge in global gold prices—from approximately $2,000 per ounce in 2024 to a peak of $3,400 in May 2025. This translated into gold export revenues rising from $7.6 billion in 2023 to an impressive $11.6 billion in 2024.

Additionally, cocoa and oil exports helped push the nation’s trade surplus to $4.3 billion in 2024, reinforcing external financial stability.