The Margin: From Grip to Greatness
- In just six months, Ghana’s economic narrative has flipped — from shaky ground to calm. Inflation, which stood at 23.5% in January 2025, now sits at 13.7% as of June 2025 while Treasury bill yields have fallen to 14.7% in the same period, and Bank of Ghana bills have declined to 12.5% in July 2025 from 27.0% earlier in the year.
- Even more remarkable is the cedi’s 42% appreciation against the U.S. dollar in the first half of 2025, including a nearly 50% surge in 2Q2025 — one of the world’s strongest currency rebounds this year.
- These numbers are eye-catching and the product of a bold, fast-moving macroeconomic playbook led by the Bank of Ghana.