The cedi jumped by more than 40% against the US dollar in 2025, greatly outperforming its African and emerging counterparts. The rise in the Ghanaian currency has reduced the cost of the country's external debt and given it greater fiscal leeway

The recovery of the cedi is another welcome boost for Ghana as it tries to recover from a default and severe economic crisis. According to LSEG data, in total, the cedi has appreciated by 42% against the dollar since January, trading at nearly 10.20 per greenback on Wednesday morning. According to Ghanaian President John Mahama, “If this trajectory continues, the goal of 55 to 58 percent debt sustainability by 2028 will be reached by the end of this year. This means that we will start to have fiscal leeway to invest in the most productive sectors of the economy.”