Ghanaians have been urged by President Nana Addo Dankwa Akufo-Addo to stop disparaging the local currency.
He claims that the cedi’s collapse, especially when compared to the US dollar, was caused by FX speculation and unlawful trade in recent months.
“Fellow Ghanaians, you will not find money where there is confusion, where there is noise, or where there is turbulence,” the French proverb goes. “Money does not like noise, sika mp dede.”
If you enable someone who cannot be identified to comment negatively about your money, it will also decrease, he said.
Although this hypothesis is debatable, Ghanaians have been actively trying to “resurrect” the cedi on the social media site Twitter. The cedi is currently ranked as the worst-performing currency in the world, surpassing the Sri Lankan Rupee.
Some Ghanaians on the forum have been clamoring for the cedi to suddenly appreciate and perform better than it is, which is a somewhat comical turn of events.
“Oh Cedi, rise up! Again, I say, get up! One user posted, “Have you thanked the cedi this morning? Do the necessary,” and another responded, “Yes.”
Ayomide, rise! yelled another Twitter user.