Ghana cedi is world’s best-performing currency – Mahama tells investors in Japan

President John Mahama has declared that the Ghanaian cedi is the best-performing currency in the world this year, as he urged Japanese businesses to seize new investment opportunities in Ghana. Speaking at the Ghana Presidential Investment Forum on the sidelines of the 9th Tokyo International Conference on African Development (TICAD IX) on Wednesday, he said […]

120 Days in Office: Mahama’s second term records best Cedi performance across transitions since redenomination

The Ghanaian cedi has recorded its strongest first 120-day performance against the US dollar under the current administration of President John Dramani Mahama, ranking top among all presidential transitions since the cedi was redenominated in 2007. A comparative analysis by JoyNews Research reveals that from January 7 to May 7, 2025, the cedi appreciated by 9.25%, moving […]

Stabilising the cedi; BoG to hold series of discussions with banks, forex associations this week

In an effort to halt speculation and stabilitise the foreign exchange market in the country, the Bank of Ghana will hold (Tuesday October 25, 2022) hold series of discussions with the leadership of universal banks and Forex Bureau Associations, starting Tuesday. The Minister of Information, Kojo Oppong Nkrumah, who made this known at a press […]

On the Coronavirus – Ghana Cedi Linkage: What Do We Know so Far?-Dr. Muazu Ibrahim Writes

Ghana’s local currency, the Cedi has made significant gains against its major trading partner, the US dollar ($) in 2020. This earned the Cedi its current position as the best performing currency against the dollar globally according to Bloomberg. As it is always done, every Ghanaian professes to be an expert in analysing economic phenomenon […]