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– –<\/span> Sharing a photo of himself and his bestie Medikal while having fun and laughing hard over some jokes, Shatta Wale said a lof Ghanaians engage much in buffoonery and this contributed to the worthlessness of the cedi against the major international currencies.<\/p>\n Meanwhile, the free fall of the cedi under the watchful eyes of Dr. Mahamudu Bawumia who had claimed he will \u2018arrest\u2019 the dollar when he and his boss Nana Akufo Addo comes to power is under the spotlight once again.<\/p>\n According to Bloomberg statistics, the Ghana cedi is currently the currency that has performed the poorest globally when compared to the US dollar.<\/p>\n – –<\/span> Over the past few months, the value of the currency has been steadily declining in relation to the dollar.<\/p>\n This is linked to the fact that prior to the country\u2019s agreement with the International Monetary Fund, \u201cwait-and-see investors continued to squeeze foreign capital into the west African country.<\/p>\n – –<\/span> This makes the cedi\u2019s depreciation the worst among 148 currencies tracked by Bloomberg, overtaking Sri Lanka\u2019s rupee whose depreciation has been 44.7%.<\/p>\n SOURCE: www.Ghbase.com<\/strong><\/p>\n – –<\/span>
\n<\/p>\nShatta Wale has ascribed a reason for the abysmal performance of the cedi against the dollar which has plunged the country into a state of hopelessness characterized by the soaring prices of goods and services.<\/h2>\n
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