You are here: HomeNews2022 10 19Article 1645457

General News of Wednesday, 19 October 2022

    

Source: classfmonline.com

Franklin Cudjoe laments Cedi's depreciating worth against US dollar

Franklin Cudjoe, Founding President of Imani Africa and President Akufo-Addo Franklin Cudjoe, Founding President of Imani Africa and President Akufo-Addo

The Founding President of think tank IMANI Centre for Policy and Education, Mr Franklin Cudjoe, has bemoaned the depreciation of the cedi against the US dollar.

The cedi currently trades at GHS12 against USD1.

In a Facebook post on Monday, 17 October 2022, Mr Cudjoe described the Ghanaian currency as the most worthless against the US dollar.

"The Ghanaian currency, the cedi, is officially the most worthless against the dollar.

"My Cedi Committee did its best to advise against this eventuality," he wrote.

He noted that setting up committees in the country, to deal with important issues such as the depreciation of the Ghana Cedi is a waste, as the recommendations of such committees are not enforced.

"Alas, when you see a snake, just kill it. No need to set up a committee on snakes," Mr Cudjoe remarked.

Read full article