The Ghanaian cedi is the worst-performing currency globally during the third quarter, according to Bloomberg.

However, according to the BoG, the cedi has increased by 23% compared to the US dollar in 2025 and is still one of the best-performing currencies in that year.

The reversal occurs fewer than five months after the cedi, which has gained 16 percent against the US dollar since the year began, was dubbed the world's best-performing currency by Bloomberg in April.

By bringing consumer inflation down to 21.2%, the lowest level in eight months at the time, that rally assisted in reducing inflationary pressures.

The currency, which was at the top of the world rankings because to high gold prices, has now dropped 13% in the last quarter.

Bloomberg claims that its statistics indicated that this was the world's greatest decline, wiping off a portion of the 50% growth that was observed between April and June.

From food to machinery, Ghana's import-dependent economy imports a wide range of items, and as businesses get ready for Christmas, demand usually increases at the end of the year. The cedi has been under pressure due to the increased demand for dollars and the Bank of Ghana's limited foreign exchange supply.