An economic analyst attributed the recent appreciation of the Ghanaian cedi to increased dollar inflows from unprecedented gold exports; an occurrence which got restored confidence in the economy due to prudent fiscal and monetary measures.

According to the analyst, the cedi’s strength was not primarily due to gold reserve accumulation, which only increased by 1 tonne in 2025. Instead, the significant surge in dollar inflows from gold exports increased the supply of dollars in the market, meeting and exceeding demand.

The analyst also credited the current government’s fiscal and monetary policies for restoring confidence in the economy, leading to the cedi’s appreciation. Consequently, the cedi was named the world’s best-performing currency, a stark contrast to its performance under the previous administration, when it was dubbed the worst-performing currency globally.

The analyst’s comments came as a rebuttal to claims that the previous administration deserved credit for the cedi’s current strength.