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Sika mpɛ dede - President Akufo-Addo on what caused the cedi depreciation

  President Nana Addo Dankwa Akufo-Addo has stated that the recent depreciation of the Ghana cedi was caused by low inflows of foreign exchange, as well as the activities of speculators and the Black Market. According to him, "If you allow some unidentifiable person to talk down your money, it will go down". He added that all Ghanaians could play a part in helping to strengthen the cedi by having confidence in the currency, avoiding speculation and keeping it as a store of value. The President in an address on the state of the Ghanaian economy on Sunday said all Ghanaians could help to strengthen the cedi by having confidence in the currency and avoiding speculation. Fellow Ghanaians, as the French would say, l’argent n’aime pas le bruit, to wit, money does not like noise, sika mpɛ dede. Where there is chaos, where there is noise, where there is unrest, you will not find money. If you talk down your money, it will go down. If you allow some unidentifiable person to talk down ...