Akufo-Addo blames WhatsApp for cedi depreciation

The recent important depreciation of the Ghana cedi against the dollar and other major currencies, according to the President of the Republic of Ghana, H.E. Nana Addo Danquah Akufo-Addo, is the result of speculation.

He claimed that a two-minute audio message posted anonymously on the WhatsApp network spread panic and dread.

We all went to banks and forex offices to sell our cedis, and before we knew it, the cedi had further devalued, he alleged, because of an anonymous two-minute audio message on the WhatsApp platform that predicted a so-called haircut on government bonds.

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According to the President, criticizing and making “unnecessary” comments about the local currency will only make it weaker.

The President emphasized that “sika mpe dede,” or “money doesn’t like noise,” in the Akan regional dialect during his speech to the nation on Sunday, October 30.

Your money will decrease if you talk negatively about it. Your money will decrease if you let an amorphous person criticize it.

“My fellow Ghanaians, money does not enjoy noise, or as the French would say, l’argent n’aime pas le bruit, sika mp dede. You won’t find money in places where there is disorder, noise, or discontent “declared the President.

Ending the pointless clamor will, in the President’s words, “ensure a stable currency that will present a high level of predictability for citizens and the business community.”

He further said “Our motto must be “exports, not imports”! After so, the Secretariat of the African Continental Free Trade Area has its headquarters in Accra.”

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