From crisis to confidence: Ghana’s remarkable economic turnaround

Not long ago, Ghanaians were watching the cedi lose value almost weekly, prices at the market were rising faster than wages, and the government was struggling to pay its debts. It felt, to many, like the economy was in freefall. Today, that same cedi is the best-performing currency in the world. Inflation has dropped from nearly 24% to single digits. Reserves are at a record high. This turnaround did not happen by accident, and it did not come without cost. This piece explains what happened, what it cost, and where we go from here.

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