Cedi is 7th strongest currency in Africa in quarter 1 2025

As of the end of the first quarter of 2025, the Ghana Cedi has been ranked 7th among Africa’s strongest currencies, with a value of GH¢15.48 to one US dollar, according to the Forbes currency calculator.

However, the Cedi experienced a 5.3% decline in value on the interbank market and a nearly 3% depreciation in the retail market during the first quarter.

Leading the rankings is Tunisia’s Dinar, followed by the Libyan Dinar, Morocco’s Dirham, Botswana’s Pula, Seychelles Rupee, and Eritrean Nakfa.

Despite the Cedi’s decline, a strong currency remains crucial for economic stability, as highlighted by the steady performance of Kenya’s Shilling, bolstered by foreign inflows.