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Cedi was worst African currency in quarter 2, 2026 – World Bank
Amid the Middle East conflict, the Ghana cedi was the worst currency in Africa, depreciating nearly 10% to the US dollar between March 2026 and June 2026, the World Bank has revealed in its October 2026 Africa Economic Update.
Meanwhile, the cedi remained under pressure over the last two weeks, extending its year-to-date depreciation against the US dollar to 10.
According to the World Bank, the escalation of the conflict in the Middle East initially exerted broad-based pressure on African currencies.
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