John Dramani Mahama is the President of Ghana
President John Dramani Mahama has declared that Ghana’s local currency, the cedi, is currently the best-performing currency in the world, following years of volatility.
He also noted that there has been a significant drop in inflation to 13.7%, alongside a reduction in the cost of doing business.
Speaking at the Ghana Presidential Investment Forum, held on the sidelines of the 9th Tokyo International Conference on African Development (TICAD IX) on Wednesday, August 20, 2025, President Mahama announced that Ghana has successfully restored macroeconomic stability and boosted investor confidence.
“For those of you who know the history of the Ghanaian cedi, it’s been one of the most volatile currencies in Africa. A few years ago, it was ranked among the worst-performing currencies. I’m happy to announce that this year, the Ghana cedi has been the best-performing currency in the world,” he stated.
Interbank Market: Cedi trades at GH¢10.80 to $1 on August 20
According to him, these developments signal a strong turnaround in the local economy.
While courting Japanese investors, President Mahama pointed out Africa’s growth trajectory and its vast market potential of 1.4 billion people.
“Let us marry Japanese precision with Ghanaian potential and create a win-win situation for ourselves,” he urged.
Meanwhile, the cedi has shown resilience against major trading currencies on the interbank market, particularly the US dollar.
The Bank of Ghana in its daily update said the cedi is trading at a buying price of GH¢10.79 and a selling price of GH¢10.80 to the dollar.
The British pound is being bought at GH¢14.56 and sold at GH¢14.58 while the euro is trading at a buying price of GH¢12.59 and a selling price of GH¢12.60.
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