News
BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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GHS

Ghanaian Cedi

GHS · Ghana

47
Moderate
Risk
Historical Scores
445259Jul 2021Jul 2023May 2026
What does this mean for you?

The Ghanaian Cedi is in decent shape overall, scoring 47 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

Your savings need 24.3%/yr returns to not lose value. GHS100 today → GHS81 next year. Calculator ↓

Inflation
22.8%
Debt / GDP
Not available
GDP Growth
5.6%
FX Volatility
20.8
Governance
0.0
Reserves
1.6 mo
Analysis
What's working well
Economy is growing healthily
What to watch out for
Banks are struggling — 21% of loans aren't being repaid
Prices rising fast (22.8% per year) — your savings lose value quickly
Full Ghana analysis →

Savings Impact Calculator

GHS
Holding cash in GHS22.8% inflation
GHS 357−GHS 643 (64% purchasing power lost)
Your GHS 1,000 buys 64% less in 5 years
What if you invested GHS 1,000 instead? (5yr, in GHS terms)
USD-denominated assets gain an additional ~19.8%/yr from expected GHS depreciation vs USD
Hold USD Cash
GHS 2178
+GHS 1178
+16.8%/yr net in GHS
S&P 500
GHS 3691
+GHS 2691
range: GHS 1913–GHS 6599
10% USD return + 19.8% FX · ±16% vol
Gold
GHS 3416
+GHS 2416
range: GHS 1208–GHS 8073
8% USD return + 19.8% FX · ±24% vol
Bitcoin
GHS 6376
+GHS 5376
range: GHS 619–GHS 31.1k
25% USD return + 19.8% FX · ±54% vol

All values in GHS. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~19.8%/yr based on the inflation differential between Ghana (22.8%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how GHS ranks differently.
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