According to Bloomberg, the Ghana cedi is now the worst-performing currency among Africa’s major currencies. Between January 1, 2022, and February 25, 2022, Bloomberg estimates an 8.86 percent devaluation of the cedi against the dollar.

The Zambian kwacha, which has lost 6.02 percent of its value, is next.

The Ghana cedi was voted the best performing currency in the world versus the US dollar by an international media and research body in 2020.

Ghana’s and Zambia’s economies have been struggling with budgetary problems, and their mounting debts have caused investors to be concerned about their economic prospects.

According to Bloomberg, the Ghana cedi is now the worst-performing currency among Africa’s major currencies. Between January 1, 2022, and February 25, 2022, Bloomberg estimates an 8.86 percent devaluation of the cedi against the dollar.

The Zambian kwacha, which has lost 6.02 percent of its value, is next.

The Ghana cedi was voted the best performing currency in the world versus the US dollar by an international media and research body in 2020.

Ghana’s and Zambia’s economies have been struggling with budgetary problems, and their mounting debts have caused investors to be concerned about their economic prospects.

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