https://www.myjoyonline.com/twitter-users-encourage-ghana-cedi-to-fight-hard-against-the-dollar/-------https://www.myjoyonline.com/twitter-users-encourage-ghana-cedi-to-fight-hard-against-the-dollar/
Banking | Economy | National

Twitter users encourage Ghana Cedi to fight hard against the dollar

Even though the Cedi is reported to have been the worst-performing currency on the African continent this year, some “fans” have taken to Twitter to speak highly of the currency in relation to its performance against the dollar and other major trading currencies in the world.

The sudden words of affirmation for the Cedi come after President Akufo-Addo warned the public against speculations about the local currency during his address to the nation on Sunday.

He said the speculations have contributed to the consistent depreciation in the value of the Cedi in recent times, partly because “sika mpɛ dede,” which means ‘money does not like noise,’ in Twi.

https://twitter.com/NAkufoAddo/status/1586815366789009410

The President added that if one speaks ill of their money or currency, it will cause its value to slump.

https://twitter.com/NAkufoAddo/status/1586815405456330752

He also urged the public to desist from spewing speculation about the Cedi.

https://twitter.com/NAkufoAddo/status/1586815703088349185

He further cautioned the public that the government will now deal with persons who publicize false information regarding the local currency.

https://twitter.com/NAkufoAddo/status/1586815722390519809

Heeding the President’s advice, some Ghanaians on Twitter expressed their love and adoration for the cedi.

https://twitter.com/NKaaayyy/status/1587032543337107456
https://twitter.com/_akpene_/status/1586997162918936578
https://twitter.com/OtiAdjei/status/1586838791301566467
https://twitter.com/almost_Esther/status/1587036929706565634
https://twitter.com/theyawofosu/status/1586981794720743424

One Twitter user said the cedi is the best currency ever.

https://twitter.com/fremekwame/status/1587006316731564034

Another user offered some words of encouragement to the cedi in its fight against the dollar.

https://twitter.com/meister_kwame/status/1587125775253344259

Another user also urged Ghanaians to take very good care of the cedi, for it possesses "power and influence."

https://twitter.com/therichmenaoye/status/1587045481720545281
https://twitter.com/bigjoebooks/status/1587041091215302657
https://twitter.com/theriaboss/status/1587016637429026819

A few hours after the President's address, followed by the words of affirmation to the cedi from some citizens, the currency's rate of depreciation slowed down.

https://www.myjoyonline.com/cedi-strengthens-again-to-the-dollar-one-dollar-now-%C2%A213-60/

But, is it feasible for the Cedi to end 2022 at GHS 7.03 to a dollar, as projected by the Center for Economics, Finance and Inequality Studies in January 2022? Only time will tell.

https://www.myjoyonline.com/cedi-to-end-2022-at-%C2%A27-03-to-a-dollar/

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.