Cedi now Africa’s worst-performing currency – falls 7.6%
The Ghana cedi is now the worst-performing currency in Africa.
It has depreciated 7.6 per cent to the dollar since the beginning of 2022.
It is the worst performer among 15 of Africa’s top currencies.
A dollar is currently selling at GHS7.05.
AFRICA’S TOP CURRENCIES
CURRENCY YEAR-TO-DATE PERFORMANCE RANKING
Namibian dollar 4.49% 1st
South African rand 3.68% 2nd
Botswana pula 1.17% 3rd
Tunisia dinar 0.75% 4th
Uganda shilling 0.46% 5th
Egypt Pound 0.02% 6th
Malawi kwacha 0.00% 7th
Tanzania shilling -0.02% 8th
Kenya shilling -0.06% 9th
Nigerian naira -0.70% 10th
Mauritius rupee 0.75% 11th
Côte d’Ivoire CFA -0.90 12th
Morocco dirham -2.56% 13th
Zambia kwacha -5.98% 14th
Ghana cedi -7.60 15th
Source: Classfmonline.com
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