Story perspectives

50% of African Currencies to Weaken by 2025

5/30/2025

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Summary

Story summary

The African Development Bank predicts that nearly 50% of Africa's currencies will weaken against the U.S. dollar by 2025.
21 of 54 countries, including Egypt, Nigeria, and Ghana, may experience declines of 6% or more.
In contrast, Kenya and Morocco could see currency appreciation of over 3%.
Increased borrowing costs and limited dollar access have led nations to enhance gold reserves.
Ghana's cedi has surged by 43% due to elevated global gold prices.

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Story summary

The African Development Bank predicts that nearly 50% of Africa's currencies will weaken against the U.S. dollar by 2025.
21 of 54 countries, including Egypt, Nigeria, and Ghana, may experience declines of 6% or more.
In contrast, Kenya and Morocco could see currency appreciation of over 3%.
Increased borrowing costs and limited dollar access have led nations to enhance gold reserves.
Ghana's cedi has surged by 43% due to elevated global gold prices.