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Wire · operational-macro

How Ghana’s cedi went from Africa’s best-performing currency to weakest in 2026

29 July 2026 · By · Wire by Fusion42

Published

29 July 2026

Topic

operational-macro

◆ Geography

Ghana

◆ Source

Read at news.google.com →

◆ Verified

Fusion42 · 30 July 2026 · Fusion42 review

Ghana's cedi, Africa's best-performing currency in 2025, has become the continent's weakest in 2026, depreciating 11.6% against the USD. The reversal is attributed not to poor fundamentals but to external shocks like rising oil prices and seasonal domestic demand for dollars.

◆ ◆ The Wire takeaway

Your costs in Ghana just jumped, and your revenue fell. The currency's rapid slide means any cash you hold in cedi is losing value against the dollar daily.

◆ Related on Wire

◆ Topics

ghanacurrency-depreciationfx-volatilitymacroeconomicsafrica-economy