Tokyo, 17 August 2025 — President John Mahama has declared Ghana’s cedi as the best-performing currency in the world this year, using it to assure foreign investors of Ghana’s financial resilience during an investment forum in Japan.
The Claim
Mahama cited data from Bloomberg, which ranked the cedi among the top-performing emerging market currencies in mid-2025, appreciating nearly 15% against the US dollar since January.
Investor Confidence
Speaking to Japanese business leaders, Mahama emphasized that the stability of the cedi proves Ghana’s readiness for foreign investment. “Despite challenges, Ghana remains one of Africa’s most attractive markets,” he said.
Economic Context
Analysts, however, caution that while the cedi has gained value in recent months, the improvement is largely due to IMF bailout inflows and strict import controls, rather than long-term structural reforms.
Public Reactions
Local business owners remain skeptical. “Yes, the cedi is stable, but prices of goods are still high. That’s what matters to ordinary Ghanaians,” said Ama Boateng, a trader in Accra.
What’s Next?
Economists say the real test will come in 2026, when IMF financing tapers off. Sustaining the cedi’s performance will depend on export growth, fiscal discipline, and foreign investor confidence.