Cedi Named One Of The Worst African Currencies Currently

According to a recent article, the Ghana cedi is currently one of Africa’s worst-performing currencies.

This is the third month of 2022, and the cedi has taken a beating, losing a significant amount of value when compared to other currencies.

Joy Business published a report that claimed the cedi had surpassed the Zambian kwacha as the worst-performing currency.

The cedi has devalued by around 7.60 percent against the dollar, indicating that the country is having difficulty mobilizing revenue and managing expenditure.

Take a look at the graph below.

conclusion

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Source: Townflex.com