President Akufo-Addo Promises Ghanaians He Would ‘Arrest’ the Depreciation of the Cedi – As if We Haven’t Heard that Before

1 min

After just over two years in office, the President seems to have woken up from his slumber and has promised Ghanaians that the steep depreciation of the Ghanaian cedi against every major currency in the world is going to be halted.

According to Nana Akufo-Addo, his government has taken note of the cedi’s depreciation and are taking steps to ‘arrest’ it.

Reversing the depreciation of the cedi was one of the biggest promises of the NPP which helped them kick out the previous NDC government, with then running mate Mahamudu Bawumia positioning himself as the best economic guru in Ghanaian history who would ‘arrest’ the cedi with just a snap of his fingers.

The reality, however, has been massively different as the cedi has just kept falling since the NPP came to power, with the dollar now trading at over 5cedis and the pounds over 7 cedis.

READ ALSO: Slay Queen Records Atopa Session with Her Boyfriend and Posts it Online

However, for some reason, the President claims they are now going to arrest it and they have put many policies in place to ensure the cedi’s fall is halted.

“I am extremely upset and anxious about it, but I want to assure you that all efforts are being made to arrest the decline and restore the cedi to stability,” the President said.

Don’t hold your breath.

Source: GhanaCelebrities.Com


Nii Smiley Byte
My friends call me Moonbyte, my Mum named me Godwin. I am the Managing Editor of GhanaCelebrities.Com, Founding editor of Innonews24.Com and a fixer for foreign journalists working in Ghana. I have three strong passions in life -- football, blogging and music -- in that order. I love spending time with friends talking about the important things in life and hate nothing more than 'authority' and hypocrisy fueled by dogma. My personal motto is that you can do everything you set your mind to, which I stole from my favourite person of all time Eminem. For writing or fixing gigs, contact [email protected]