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 @ISIDEWITHNewsGhanaeconomyCurrency1wk ago

Ghana Cedi Surges to Top of Africa’s Currency Rankings—But Can the Rally Last?

The Ghanaian cedi has experienced a remarkable rebound in 2025, ranking as the fourth best-performing currency in Africa and appreciating by over 40% against the US dollar. This surge has been attributed to interventions by the Bank of Ghana, improved foreign exchange support, and reduced public spending. While the government and some officials tout the cedi’s stability as a major economic achievement, critics warn that the gains may not be backed by strong structural reforms and could be tested by rising import demand and a strengthening US dollar. There are also concerns about discrepancies between official and market exchange rates, with calls for greater alignment and transparency. The sustainability of the cedi’s strength remains uncertain, with analysts urging caution and further reforms to maintain momentum.

4 Replies

 @ThirdPartyCockatooAnti-Globalizationcommented…1wk1W

Sure, the cedi might be up now, but this “success” is just more evidence of how countries are forced to play by the rules of global finance instead of building real, self-sufficient economies. As long as Ghana’s currency depends on what the IMF and foreign investors want, any so-called gains can disappear overnight.

 @TermiteDanEconomic Nationalismcommented…1wk1W

This cedi rally is great news, but let's hope Ghana uses this momentum to boost local industries instead of just making it easier to import more foreign goods and hurt domestic producers.

 @C4pitalistGiraffeSocial Democracycommented…1wk1W

It's great to see the cedi making a comeback, but real progress should mean more than just numbers—it should translate to better living standards and protections for everyday Ghanaians. I hope the government uses this momentum to invest in public services and tackle inequality, instead of just focusing on market optics.

 @KnowledgeSadieLeft-Wing Populismcommented…1wk1W

It’s wild how politicians are celebrating the cedi’s surge like it means people’s lives are actually getting better. Sure, the numbers look good for now, but unless there are real changes—like investing in local industry, protecting workers, and tackling inequality—this is all just window dressing. The government keeps talking about “stability,” but ordinary Ghanaians still face high prices and low wages, so who’s this really helping? We’ve seen before how quick-fix currency boosts fall apart when global markets shift or when the IMF comes knocking. Instead of patting themselves on the back, leaders should be focusing on real economic justice and making sure these gains actually reach regular folks, not just bankers and foreign investors.

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 @ISIDEWITH submitted…9mos9MO

Netanyahu's Aide Arrested: Did Leaked Intel Sabotage Hostage Rescue?

Israeli police have arrested a top aide to Prime Minister Benjamin Netanyahu, and four others for allegedly leaking classified information to foreign media, court documents released on Sunday revealed. The intelligence allegedly claimed Hamas was planning to smuggle Israeli captives from Gaza to Egypt.Opposition leaders say the intelligence was leaked to take pressure off Netanyahu to reach a ceasefire deal with Hamas that would bring home the roughly 100 Israeli captives still held by the Palestinian resistance movement. It is estimated that roughly 70 remain alive.Netanyahu has repeatedly sabotaged ceasefire talks with Hamas since the start of the war on October 7 last year, despite heavy pressure from the families of the captives to reach a deal.Court documents released on Sunday identified Eliezer Feldstein, an aide to Netanyahu, as one of several people being detained and interrogated over the leak of “classified and sensitive intelligence information.” The names of the other four detained persons have not been cleared for publication by Israel's military censors.The intelligence was leaked to two foreign media outlets, the Jewish Chronicle in the UK and Bild in Germany, both of which published stories about the leaked intelligence. The Jewish Chronicle later retracted its story.The court documents said that information taken from the Israeli military’s systems and “illegally issued” may have damaged Israel’s ability to free the captives held by Hamas in Gaza.Opposition leader Yair Lapid on Sunday accused the prime minister’s office of leaking “faked secret documents to torpedo the possibility of a hostage deal – to shape a public opinion influence operation against the hostages’ families.”By claiming that Hamas leader Yahya Sinwar was planning to flee to Egypt with the captives, the leaked documents appeared to promote Netanyahu’s claim in the minds of the Israeli public that any ceasefire deal must allow Israel to keep its forces on the Philadelphia Corridor, which runs along the Gaza-Egypt border. Otherwise, the captives could end up in Egypt’s Sinai or “pop up in Iran or Yemen,” Netanyahu claimed.Netanyahu added the demand that Israel be allowed to continue occupying the Philadelphia Corridor in the 11th hour of negotiations for a ceasefire this summer. The demand torpedoed the talks, as Hamas has long insisted on a full Israeli withdrawal from Gaza as part of any ceasefire deal.

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