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President John Dramani Mahama has assured international investors that Ghana’s economy is on a stable recovery path, underscored by the cedi’s remarkable turnaround on the global market.
Speaking at the 9th Tokyo International Conference on African Development (TICAD IX) in Japan, Mahama highlighted that the Ghanaian cedi is currently the world’s best-performing currency in 2025, a development he said has boosted investor confidence and positioned Ghana as one of Africa’s most attractive destinations for foreign capital.
“For those of you who know the history of the Ghanaian cedi, it’s been one of the most volatile currencies in Africa, and a few years back, we were said to be the worst-performing currency,” Mahama told participants. “I’m happy to announce that this year, the Ghana cedi has been the best-performing currency in the world.”
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Mahama attributed the cedi’s performance to improved fiscal discipline, higher export earnings, and increased inflows from development partners. He said the progress was restoring credibility in Ghana’s financial management.
The president noted that inflation, which soared to nearly 23% in 2024, has dropped to 13.7% and is projected to hit single digits by year-end. Ghana has also received a sovereign credit rating upgrade from “junk status” to B- with a stable outlook, with expectations for further improvements.
“These gains reflect that Ghana is gradually restoring credibility in its financial management, while reforms are lowering the cost of doing business and supporting private sector growth,” he added.
Mahama pointed to ongoing reforms in the financial and energy sectors, alongside infrastructure development, as creating new opportunities in agriculture, industry, and digital technology.
He also highlighted Ghana’s position as a regional hub under the African Continental Free Trade Area (AfCFTA), which allows duty-free and tariff-free trade across nearly 50 African countries.
“Once you register your product and it meets the standards, you can export duty-free and tariff-free into each other’s markets,” Mahama emphasised, urging Japanese investors to leverage Ghana’s strategic position.
The cedi’s strong performance is expected to ease import costs, improve business confidence, and enhance Ghana’s overall economic outlook in the coming months.
Mahama reassured investors that Ghana’s stability, democratic credentials, and expanding trade opportunities make it a dependable partner for long-term investment.
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