The cedi touched a record high’ – What Gabby said about the cedi’s depreciation in 2015

The depreciation of the Ghana cedi is among the leading causes of increased economic hardships in Ghana today.

Things are very hard in the country, the Ghana Cedi can’t buy anything.

As of October 10, 2022, the currency is selling at 11 to $1 dollar at some forex bureaus in the country.

In June 2015, a leading member of the New Patriotic party, Gabby Asare Otchere-Darko wrote on his Twitter page,

“The cedi touched a record high of GHS/USD 4.45 this week”.

While some social media users have reacted in shock to the current state of the local currency in sharp contrast to what it was in 2015, others have taken a swipe at the NPP government for leading a “failing economy”.

According to the latest Bloomberg and World Bank report, the Ghana Cedi ranks as the worst-performing currency in Africa.

The World Bank report noted that: “The worst performing currencies in the region since the beginning of the year include those of Ghana (with a depreciation of 60 percent), South Sudan (50.8 percent), Sudan (28.6 percent), Malawi (25.4 percent), and CFA Franc (13.3 percent).”

The cedi touched a record high of GHS/USD 4.45 this week.
— Gabby Otchere-Darko (@GabbyDarko) June 12, 2015


You were running ur mouth as if you had an expertise in running an economy or administration. https://t.co/jwEfS5Thmi
— KWAME ???????? (@KwameNanaba) October 10, 2022

Wicked and Corrupt government.. you see how tables have turned around .. You see how you’re making Ghana look like rubbish in the sight of others .. Kill us all cos we’re tired ????????‍ ♂️????????‍ ♂️.. What did Ghanaians do to you and your president ????????‍ ♂️.. Can’t you see you’re killing us ???? ???? https://t.co/iwyJJlVYRH
— TEN HAAG’S ANTONY???????????????? (@MeatpieWura) October 10, 2022

឵឵឵ ឵឵឵ Sekunde ???????????????? (@Kofi_Phanteboi) October 10, 2022
The cedi touched a record high of GHS/USD 11 this week https://t.co/NcWF6LAr8k
— Kwame Kyei Baffour (@kwamekyeibafour) October 10, 2022




Peter N. Djangmah is a multifaceted individual with a passion for education, entrepreneurship, and blogging. With a firm belief in the power of digital education and science, I am affectionately known as the Private Minister of Information. Connect with me

Related Articles

Back to top button

Adblock Detected

Kindly turn on ads to support our work