General News

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.

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.

READ MORE: My detractors in Ashanti Region will be shamed today, tomorrow and tomorrow’s next – Akufo-Addo

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.

KASTLE90.3FM – tune in or log on to broadcasts online
Follow us on Twitter: @kastle903fm
#kastlef90.3fm, Cape Coast
#…Blending tradition with style

Source:myjoyonline.com

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close