The Ghana cedi fell by nearly 10% against the US dollar in the second quarter of 2026. This decline makes the cedi the worst-performing African currency during the period. The depreciation reflects ongoing economic challenges in the country.
The Ghanaian currency has faced significant pressure due to inflation and external economic factors. The Central Bank of Ghana has been monitoring the situation closely. The decline has raised concerns among businesses and investors.
This is the second consecutive quarter of currency depreciation for the cedi. The trend highlights broader economic instability in West Africa. The government has introduced measures to stabilize the currency. These efforts aim to restore confidence in the financial system.
