• Thu. Aug 4th, 2022

Cedi Named One Of The Worst African Currencies Currently

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

The cedi has taken a battering in the third month of 2022, losing a significant amount of value when compared to other currencies.

According to a report released by Joy Business, the cedi has surpassed the Zambian kwacha as the worst-performing currency.

The cedi has lost roughly 7.60 percent of its value versus the dollar, showing that the country is having trouble raising revenue and controlling spending.

Take a look at the graph below.

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