{"id":1240769,"date":"2022-11-01T13:56:32","date_gmt":"2022-11-01T13:56:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/01\/twitter-users-encourage-ghana-cedi-to-fight-hard-against-the-dollar\/"},"modified":"2022-11-01T13:56:32","modified_gmt":"2022-11-01T13:56:32","slug":"twitter-users-encourage-ghana-cedi-to-fight-hard-against-the-dollar","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/01\/twitter-users-encourage-ghana-cedi-to-fight-hard-against-the-dollar\/","title":{"rendered":"Twitter users encourage Ghana Cedi to fight hard against the dollar"},"content":{"rendered":"

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Even though the Cedi is reported to have been the worst-performing currency on the African continent this year, some \u201cfans\u201d have taken to Twitter to speak highly of the currency in relation to its performance against the dollar and other major trading currencies in the world.<\/p>\n

The sudden words of affirmation for the Cedi come after President Akufo-Addo warned the public against speculations about the local currency during his address to the nation on Sunday.<\/p>\n

He said the speculations have contributed to the consistent depreciation in the value of the Cedi in recent times, partly because \u201csika mp\u025b dede,\u201d which means \u2018money does not like noise,\u2019 in Twi.<\/p>\n

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Fellow Ghanaians, as the French would say, l\u2019argent n\u2019aime pas le bruit, to wit, money does not like noise, sika mp\u025b dede. Where there is chaos, where there is noise, where there is unrest, you will not find money.<\/p>\n

\u2014 Nana Akufo-Addo (@NAkufoAddo) October 30, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

The President added that if one speaks ill of their money or currency, it will cause its value to slump.<\/p>\n

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If you talk down your money, it will go down. If you allow some unidentifiable person to talk down your money, it will go down.<\/p>\n

\u2014 Nana Akufo-Addo (@NAkufoAddo) October 30, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

He also urged the public to desist from spewing speculation about the Cedi.<\/p>\n

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All of us can play a part in helping to strengthen the cedi by having confidence in the currency, and avoiding speculation. Let us keep our cedi as the good store of value it is.<\/p>\n

\u2014 Nana Akufo-Addo (@NAkufoAddo) October 30, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

He further cautioned the public that the government will now deal with persons who publicize false information regarding the local currency.<\/p>\n

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To those who make it a habit of publishing falsehoods, which result in panic in the system, I say to them that the relevant state agencies will act against such persons.<\/p>\n

\u2014 Nana Akufo-Addo (@NAkufoAddo) October 30, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Heeding the President\u2019s advice, some Ghanaians on Twitter expressed their love and adoration for the cedi.<\/p>\n

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\u201cCedi, look at me. This ain\u2019t you. You\u2019re brave. You\u2019re smart. You\u2019re the best I\u2019ve ever known and I\u2019m very lucky to be with you.\u201d pic.twitter.com\/DkfqvafOQZ<\/a><\/p>\n

\u2014 Royalty \ud83e\udd34\ud83c\udffe (@NKaaayyy) October 31, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

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Dear Cedi, you are enough, you are wonderful, you can rise. Love and light \u2728\u2728<\/p>\n

\u2014 \ud835\ude74\ud835\ude97\ud835\udea2\ud835\ude98.\ud835\udea1\ud835\udea1 (@_akpene_) October 31, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

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One Twitter user said the cedi is the best currency ever.<\/p>\n

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The Cedi is strong
The Cedi is fighting depreciation
The Cedi is the best currency
The Cedi is doing amazing <\/p>\n

The Cedi is strong
The Cedi is fighting depreciation
The Cedi is the best currency
The Cedi is doing amazing<\/p>\n

\u2014 Osei Kwame (@fremekwame) October 31, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Another user offered some words of encouragement to the cedi in its fight against the dollar.<\/p>\n

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Another user also urged Ghanaians to take very good care of the cedi, for it possesses \u201cpower and influence.\u201d<\/p>\n

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Ghanaians do not crumple the Cedi
The Cedi is rising
The Cedi has power and influence
The Cedi is leading
The Cedi increases in value <\/p>\n

The Cedi is strong and mighty
The Cedi is restored
The Cedi can buy twice its value
The Cedi is known and heard of
The Cedi will never fall<\/p>\n

\u2014 BIG GOD (@therichmenaoye) October 31, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

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Dear Cedi,
You\u2019re strong.
You\u2019re brave.
You\u2019re valuable.
You\u2019re doing well. <\/p>\n

You\u2019re unstoppable.
No one can talk down on you unless you allow yourself. <\/p>\n

You\u2019re powerful.
You\u2019d be great.
Your name will be adored from afar. <\/p>\n

Go you Cedi & do great exploits. https:\/\/t.co\/0zkIVpg3We<\/p>\n

\u2014 Big Joe (The Bookseller) (@bigjoebooks) October 31, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

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A few hours after the President\u2019s address, followed by the words of affirmation to the cedi from some citizens, the currency\u2019s rate of depreciation slowed down.<\/p>\n

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But, is it feasible for the Cedi to end 2022 at GHS 7.03 to a dollar, as projected by the Center for Economics, Finance and Inequality Studies in January 2022? Only time will tell.<\/p>\n

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