The Cedi in 2026: Positioning for Importers and Investors
We expect continued cedi volatility in 2026 and advise importers and investors to match currency exposure to obligations — using hard-currency revenue lines and disciplined allocation rather than speculative timing.
Currency remains the single largest swing factor for Ghanaian portfolios. Rather than forecast a level, we focus on positioning that survives a range of outcomes.
Match exposure to obligation
Businesses with cedi costs and hard-currency obligations should hedge the mismatch, not the headline. Investors can tilt toward companies whose revenue is naturally dollar-linked.
Avoid timing the turn
Speculative timing of FX moves has a poor track record. A disciplined allocation that accepts volatility within set bands tends to outperform reactive trading.
Apply this to your portfolio
Speak to a Union Capital advisor about what it means for you.