WHEN I WAS IN GHANA IN 2011,1 CEDI WAS 1 US DOLLAR, TODAY, 100 CEDIS IS JUST $6″ — CNN’s Larry Madowo Laments

Larry Madowo, CNN International Correspondent currently in Ghana, has pointed out the increasing effects of Ghana’s sinking cedi, employing social media to demonstrate the significant decline of the local currency against the US dollar.

In a recent update on X(formerly Twitter), Madowo voiced worries about the cedi’s low value, highlighting that GHS100 currently translates to only $6 on the global market.

The Kenyan reporter, recognized for his in-depth coverage of Africa’s economic matters, expressed his opinions in a tweet that has now ignited discussions throughout Ghana and elsewhere.

‘My first time ever in Ghana in 2011, the cedi was about 1:1 to the US dollar. Today, 100 cedis is just $6″, he tweeted.

My first time ever in Ghana in 2011, the cedi was about 1:1 to the US dollar.

Today, 100 cedis is just $6 pic.twitter.com/gf5y9JE7eP

— Larry Madowo (@LarryMadowo) November 12, 2024

 

 

 

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