Ghana Cedi Ranked Among Africa’s Top-Performing Currencies in April 2026, Full List Released
- Ghana's currency has grabbed the headlines after it earned high marks in a recent report
- This comes after the cedi was ranked among the top-performing African currencies, taking the fourth spot, only behind Tunisia, Libya, and Morocco
- Countries whose currencies also recorded a strong performance in the new report by Business Insider were Seychelles, Eritrea, Eswatini, Namibia, and Lesotho
Ghana's currency continues to make significant strides, with its recent recognition coming on the international scene.
This comes after the cedi was named in the list of the top-performing currencies in Africa.
Source: Facebook
Data from the Forbes calculator, as reported by Business Insider on April 30, 2026, showed countries whose currencies recorded strong performance in April 2026.
With this, the Ghana cedi ranked fourth on the list of the top ten performing currencies on the continent.
The data showed that Tunisia emerged first on the list of African countries with the strongest currencies, followed in second place by Libya, with Morocco in third place and Eritrea taking fifth place.
The other countries that completed the list of currencies with strong performance in Africa were Seychelles, Eswatini, Namibia, and Lesotho.
Ato Forson hails cedi’s strong performance
Finance Minister Dr Cassiel Ato Forson has been very vocal about the performance of the Ghana cedi.
In May 2025, the Minister hailed the strong performance of the Ghana cedi, calling it a remarkable turnaround.
He noted that the cedi had appreciated by 16.7% against the US dollar year-to-date, reversing a 13.4% depreciation over the same period in 2024.
Source: Getty Images
Bloomberg, for instance, named the cedi the world’s best-performing currency earlier in May 2025 after it appreciated nearly 16% against the US dollar.
Speaking at the inauguration of the Ghana Gold Board, Ato Forson attributed the surge to a carefully coordinated policy framework.
He touched on the fact that stringent monetary policy by the Bank of Ghana, aggressive liquidity sterilisation, and prudent public financial management had worked in tandem to achieve this outcome.
In addition to sound policy, Ghana’s foreign exchange inflows from gold, cocoa, and remittances played a vital role.
The Minister then said the softening US dollar amid global uncertainties also contributed to the local currency’s appreciation.
“Our foreign exchange reserves at the Bank of Ghana reached a record high in April 2025, surpassing targets set under the IMF-supported programme ahead of schedule.It will change how both the Ghana cedi and Ghana’s foreign exchange accumulation will behave in the future.”
Twene Jonas hails Forson over cedi strength
In a related development, YEN.com.gh reported that US-based social commentator Twene Jonas commended Dr Ato Forson over the cedi’s performance against the dollar and major global currencies.
The outspoken social commentator said the cedi’s appreciation against the dollar was due to Ato Forson’s strong economic management.
In a video shared on TikTok, the outspoken US-based Ghanaian described Ato Forson as one of the best finance ministers in the world.
Source: YEN.com.gh
