Ghana’s Cedi performance in 2025 has been absolutely wild this year, and the currency has jumped up by around 50% against the US dollar. The cedi’s trading at about GHS10.21 to the dollar right now, which is way up from the GHS15 we saw at the beginning of the year. Ghana inflation rate 2025 has cooled down to 21.2%, and also gold exports Ghana are doing really well, plus foreign reserves growth hit $11.4 billion. All of this happened because of the IMF monetary policies Ghana put in place.

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Ghana Cedi Performance 2025: Inflation, IMF Policies, Gold Exports, and Reserves Boost

Central Bank Gets Tough on Rates

Thus, the Bank of Ghana wanted to be serious about Ghana Cedi performance 2025, and they shocked all of us with a large 100 basis point increase in the rates in March. They raised the policy rate to 28 percent that was supposed to address the Ghana inflation rate 2025 and to attract more foreign funds. They too resorted to these spot-market forex auctions, which among other things helped in circulating more dollars there and prevented simultaneous hoarding of dollars too.

Bank of Ghana Governor Johnson Asiama had this to say:

“Stability doesn’t mean fixation.”

Gold Prices Surge to Mindboggling Record Highs

Gold exports in Ghana have been on fire this year, and export money jumped from $7.6 billion in 2023 all the way up to $11.6 billion in 2024. Gold prices went from $2,000 per ounce last year to $3,400 in May, which really helped Ghana Cedi performance 2025 in a major way. The Gold Board made this rule that domestic gold buyers have to pay in cedis before exporting, and that boosted foreign reserves growth from just 9 tonnes to 31 tonnes at the time of writing.

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IMF Money Comes at Perfect Time

The IMF monetary policies Ghana program brought in $3 billion, and the government suspended about ₵65 billion in debt payments they owed. Treasury bill rates dropped from 28% down to 15%, which made investors feel better about putting money in and also restored confidence. These changes have been keeping Ghana inflation rate 2025 under control and also supporting Ghana Cedi performance 2025 right now at the time of writing.