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Social media reacts to cedi’s ranking as worst performer against dollar
Ghanaians are not enthused about what the local currency has been reduced to.
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Ghanaians are not enthused about what the local currency has been reduced to.
The value of the cedi has seen a downward spiral against many foreign currencies, especially the dollar in the past few months.
On Monday, findings by Bloomberg placed the cedis as the worst-performing currency against the US dollar.
The report attributed the situation partly to the wait-and-see approach adopted by some investors.
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The cedi also lost 9.03% in value to the US dollar last week (October 10-October 14, 2022).
A section of the public took to social media to air their grievance about the development.
Many are also wondering how the governance-troubled Sri Lanka, which topped the worst currency performance table, managed to surpass Ghana.
Find the online posts below.
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Source:myjoyonline.com