Business News of Wednesday, 26 February 2025
Source: www.ghanawebbers.com
As 2025 begins, African countries with strong currencies against the US dollar enjoy key fiscal advantages, including lower inflation, increased purchasing power, and greater investor confidence.
A stable currency attracts foreign direct investment (FDI), as it minimizes risks of depreciation and ensures predictable business costs, aiding expansion and industrial productivity.
Additionally, strong currencies improve trade negotiations, particularly within AfCFTA, enhancing exports and economic integration. Countries with stronger currencies can also acquire technology, raw materials, and machinery at competitive prices, boosting production.
According to Forbes (February 26, 2025), Tunisia, Libya, Morocco, Botswana, Seychelles, Eritrea, Ghana, Lesotho, Namibia, and Eswatini have the strongest African currencies, reinforcing their economic stability and global competitiveness.