President John Dramani Mahama has announced that Ghana’s economic recovery is gaining momentum, with the Ghana cedi emerging as the best-performing currency in the world this year.
According to him, the cedi’s recent performance marks a historic turnaround for a currency that once ranked among the weakest in Africa.
“Our cedi has stabilized. For those of you who know the history of the Ghanaian cedi, it was one of the most volatile fallen currencies in Africa, and a few years back, we were set to be the worst performing currency. I’m happy to announce that this year, Ghana’s cedi has been the best-performing currency in the world,” President Mahama declared.
The President noted that strong fiscal discipline, tighter monetary policy, and improved foreign inflows have contributed to stabilizing the currency and boosting investor confidence.
He added that government’s reforms are also being recognized by the international community.
“We’ve been upgraded from junk status to B-minus with a stable outlook, and I’m certain that in the next review we are going to be upgraded again,” he said, stressing that this development reflects renewed global confidence in Ghana’s economic direction.
The President was speaking at the Ghana Presidential Investment Forum on the sidelines of the 9th Tokyo International Conference on African Development (TICAD IX) in Japan on Wednesday 20, August, 2025.
President Mahama highlighted key achievements in macroeconomic stability, inflation control, and credit ratings as evidence that Ghana’s economic reforms are yielding positive results.
“We are re-establishing macrostability and the growth momentum of the economy. Inflation rose to a high of almost 23% in 2024 and is currently down to 13.7%, and we expect that by the end of the year it will hit single digits,” he said.
