President John Dramani Mahama has declared the Ghanaian cedi as the world’s best-performing currency in 2025, describing the achievement as a sign of renewed investor confidence and a turnaround in the country’s economic fortunes.
Speaking at the Presidential Investment Forum during the 9th Tokyo International Conference on African Development (TICAD-9) in Japan, Mahama said Ghana’s economic rebound was positioning it 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. I’m happy to announce that this year, the Ghana cedi has been the best-performing currency in the world,” he told Japanese investors.
The President highlighted recent progress in stabilizing the economy, noting that inflation, which reached nearly 23 percent in 2024, has now declined to 13.7 percent and is expected to hit single digits by the end of 2025.
Ghana has also secured a sovereign credit upgrade from “junk status” to B- with a stable outlook, with the prospect of further improvements in the next review.
Mahama attributed the turnaround to fiscal discipline, improved export earnings, and increased inflows from development partners.
He said the progress was helping to ease import costs, strengthen business confidence, and restore credibility in Ghana’s financial management.
“Inflation rose to a high of almost 23% in 2024 and it’s currently down to 13.7%, and we expect that by the end of the year to hit single digit. And as Simon said, we’ve been upgraded from junk status to B minus with a stable outlook, and I’m certain that in the next review, we’re going to be upgraded again.”
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He also used the forum to call for deeper trade and investment cooperation between Ghana and Japan, describing Africa as the “next frontier” for growth.
“Africa is the next frontier for investment. Most parts of the world are saturated when it comes to investment. Africa is opening up, growing, and is a place that Japan should be looking at. And so let us marry Japanese precision with Ghanaian potential and create a win-win situation for ourselves,” Mahama urged.
The President assured investors that Ghana’s political stability, expanding trade framework, and commitment to reforms make it a dependable partner for long-term investment.
Source: Starrfm.com.gh
