Ghanaian Cedi most worthless currency against US dollar – Franklin Cudjoe
The Founding President of think tank IMANI Centre for Policy and Education, Franklin Cudjoe, has bemoaned the current depreciation of the cedi against the US dollar.
According to Mr. Cudjo, the cedi which currently trades at GHS12 against USD1 stands to be the most worthless currency globally against the dollar.
In a Facebook post on Monday, 17 October 2022, Mr Cudjoe said the Ghanaian currency has no value now as compared to the US dollar.
“The Ghanaian currency, the cedi, is officially the most worthless against the dollar. My Cedi Committee did its best to advise against this eventuality,” he posted.
He pointed out that setting up committees in the country, to deal with important issues such as the depreciation of the Ghana Cedi is a waste, as the recommendations of such committees are not enforced.
“Alas, when you see a snake, just kill it. No need to set up a committee on snakes,” the Policy analyst opined.