Ghanaian Cedi Ranked 7th Strongest Currency in Africa in 2025

Ghanaian Cedi Ranked 7th Strongest Currency in Africa in 2025

The Ghanaian Cedi has secured the seventh spot among Africa’s strongest currencies as of the first quarter of 2025, with an estimated exchange rate of GH¢15.48 to $1 USD. This ranking was based on data from the Forbes currency calculator, highlighting the performance of African currencies against the US dollar.

Cedi’s Performance and Depreciation Trends

Despite its position among the continent’s strongest currencies, the Cedi experienced some depreciation. According to the Bank of Ghana, the currency lost 5.3% of its value on the interbank market during the first quarter of 2025. However, on the retail market, the decline was slightly lower at around 3.0%. This performance reflects ongoing economic pressures, but many analysts believe that government interventions and foreign exchange inflows could help stabilize the Cedi in the coming months.

The Strongest Currencies in Africa

At the top of the list, Tunisia’s Dinar claimed the title of Africa’s strongest currency, with an exchange rate of 3.09 per US dollar. Following closely were:

• Libyan Dinar (2nd)
• Moroccan Dirham (3rd)
• Botswana’s Pula (4th)
• Seychelles Rupee (5th)
• Eritrean Nakfa (6th)

Meanwhile, the Lesotho Loti, Namibian Dollar, and South African Rand took the eighth, ninth, and tenth spots, respectively.

The Importance of Currency Stability

A strong and stable currency is crucial for any economy, especially for African nations striving for economic growth. Stability helps prevent inflation spikes, protects purchasing power, and boosts confidence among investors and businesses. Forbes notes that some African countries have maintained relatively strong currencies due to consistent foreign inflows, trade balances, and remittances. One such example is Kenya’s Shilling, which has remained stable largely due to non-governmental organization (NGO) funding and steady remittances from the diaspora. As Ghana continues efforts to strengthen its economy, financial experts suggest that foreign investments, trade policies, and monetary strategies will play a key role in determining the future performance of the Cedi. MORE TRENDING NEWS