The Ghana cedi has emerged best currency in Africa for the first quarter of 2021. This year's first-quarter performance of the Ghana cedi against the dollar is similar to its 2020 performance.

The Ghana cedi was ranked among 15 important African currencies including the Egyptian pound, Nigerian naira and South African rand.

A Senior Economic Analyst at Databank Research, Courage Martey, is reported to have told Joy Business that “the Ghana cedi ended the first quarter of 2021 with yet another impressive performance, similar to what it did in the first quarter of 2020. You will recall that in the first quarter of 2020, the local currency ended the quarter with an appreciation of almost 1.7% against the US dollar and that made it the second most resilient currency in our basket of 15 African currencies, only behind the Egyptian pound.”

He is further quoted as saying “it is quite impressive, against the fact that the pandemic has not yet given way so there is still so much uncertainties within the global financial market space”.

“Immense thanks to the Bank of Ghana's intervention measures, particularly on the FX forward market but the significant inflows of foreign portfolio investments into the bond market especially during the course of this year has been significantly supportive of the Ghana cedi to put up the kind of performance we are seeing in the first quarter of 2021”.

Performance

Ghana cedi 0.55%
Egyptian pound 0.18%
Nigerian naira 0.00%
Tanzania shilling 0.00%
Kenya shilling -0.31%

Source: https://www.pulse.com.gh/business/ghana-cedi-emerges-best-african-currency-for-1st-quarter-of-2021/rlsnj0m

Giant of Africa ma yansh..

Ghana Cedi?

Naira is useless like our president

Nigeria 0.00%

And naira is depreciating every day,God destroy all the enemies of this nation

Ghana is becoming one of the surest country to run to by Nigerian now

Naira now

wait....

Nigeriabiafra82:
Naira now

YOU MEAN

Nigerian naira 0.00% the naira don die like this

Imagine Ghana that is almost the same population as Lagos.

Please what is the cost of living in ghana like?
How much is the value compared to dollar.
An average three bedroom flat in portharcourt is 600k.in middle class areas.
What is the equivalent in a city in ghana like kumasi.
An average meal of garri in ph is about 600naira.with one meat at a bukka.
A bag of rice is 28k in nigeria.
Please ghana residents give me it's equivalent.I want to check something.

kingjoe:
Please what is the cost of living in ghana like?
How much is the value compared to dollar.
An average three bedroom flat in portharcourt is 600k.in middle class areas.
What is the equivalent in a city in ghana like kumasi.
An average meal of garri in ph is about 600naira.with one meat at a bukka.
A bag of rice is 28k in nigeria.
Please ghana residents give me it's equivalent.I want to check something.

Until they wake up one day and start chanting "Nigeria must go"