The Ghana cedi fell by 18.21 per cent against the US dollar in the first quarter of 2022, Bloomberg says.

It keeps the cedi in the ‘worst spot returns’ league table.

It also makes the cedi the worst-performing currency in Africa.

The Angolan Kwanza is the best-performing currency in Africa within the quarter.

It appreciated by 24 per cent against the dollar.

South Africa’s rand follows with an appreciation of 9.38% against the dollar.

CURRENCIES WITH “WORST SPOT RETURNS” AT THE END OF QUARTER 1, 2022

RANKING   CURRENCY YEAR-TO-DATE

16th  New Sudanese pound   -2.08%

17th  Ethiopian Birr      -3.89%

18th  Liberian dollar     -4.94%

19th  Sierra Leone leone      -5.10%

20th  Mauritian rupee   -7.05%

21st  Zambian kwacha -8.02%

22nd Egypt pound       -14.27%

23rd  Ghana cedi -18.21%

CURRENCIES WITH “BEST SPOT RETURNS” AT THE END OF QUARTER 1, 2022

RANKING   CURRENCY YEAR-TO-DATE

1st    Angolan kwanza  24.2%

2nd   South African rand       9.38%

 3rd   Guinean franc     4.40%

4th    Botswana pula      2.59%     

5th    Nigerian naira     1.74%

6th    Kenya shilling      1.59%

7th    Rwanda franc     0.66%

8th Mozambique new metica l0.19%