Cedi records largest depreciation among currencies in Africa
The Ghanaian cedi has emerged as the weakest-performing currency among a group of African currencies monitored by the World Bank, despite the government’s claims that it has stabilised the local currency and brought relief to Ghanaians. The finding is contained in the World Bank’s October 2026 Africa Economic Update, titled Building AI Readiness, which examines, […] The post Cedi records largest…
The Ghanaian cedi has shown the most significant depreciation among African currencies, according to data from the World Bank's October 2026 Africa Economic Update. Despite the government's claims of stabilization and relief for Ghanaians, the cedi's performance was marked by a substantial decline compared to the end of February. This depreciation followed the escalation of the Middle East conflict, which initially caused broad-based currency depreciation across most African countries, except for the CFA franc zone.
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