Ghana cedi appreciated roughly 50% against the dollar in 2025, closing near GH₵10.45. It beat the rand with a 15.6% bilateral gain as gold reserves hit US$11.4B.
Africa · Western
Key Facts
—2025 rally. The cedi appreciated roughly 40–50% against the US dollar, closing the year near GH₵10.45 after starting near GH₵15.7.
—Rand comparison. Bloomberg data placed the cedi ahead of the South African rand in Africa’s 2025 currency performance tables, with a 15.6% bilateral gain against the rand.
—Gold reserves. Central-bank gold purchases lifted gross international reserves by 24% to roughly US$11.4 billion by October 2025.
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