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 controlled public spending, which have helped stabilize the currency and reduce public debt by an estimated GHS150 billion. However, there are concerns about the sustainability of these gains, as some analysts and MPs argue that the appreciation is not backed by deep structural reforms and that discrepancies between official and market exchange rates persist. Import pressures and a strong US dollar could also test the cedi’s resilience in the coming weeks. While the government celebrates the cedi’s performance, experts caution that lasting stability will require more comprehensive economic reforms.
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