June 14, 2024
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‘The cedi doesn’t like noise; if you talk about it, it will continue to go down’ ~ Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has cautioned Ghanaians against badmouthing and talking down the local currency Cedi.

According to him, talking down the Ghana cedi encourage and further contribute to its terrible performance.

Addressing the nation on the economy on Sunday October 30, Mr Akufo-Addo said “Money doesn’t like noise. If you talk down you currency, it will go down, if you allow others to talk downy your currency it will go down.”

He further warned persons who are publishing false news about the currency.

He said the relevant state security agencies will come after such persons.

All of us have a role to play in strengthening the Cedi, stop speculation. Those who publish falsehood resulting in panic, the relevant state agencies will act against such person.

The Cedi has been struggling against the major trading currencies especially the Dollar. But it is making some gains recently.

We are determined to restore stability in the economy, President Akufo-Addo said.

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