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September 28, 2023

Sika mpɛ dede: Akufo-Addo warns against speculations on Cedi’s value

Sika mpɛ dede: Akufo-Addo warns against speculations on Cedi’s value

Nana Addo Dankwa Akufo-Addo, the president of the Republic of Ghana, has finally spoken out on the state of the country’s economy.

He discussed the issues that led to Ghana’s current economic situation, among other things, and then described some of the steps his government was taking to reverse the downturn and put the economy back on the path to growth.

Sika mpɛ dede

He spent a considerable amount of time discussing the problem of currency depreciation and, in an effort to support his argument, used a French proverb.

“Fellow Ghanaians, money does not enjoy noise, or as the French would say, l’argent n’aime pas le bruit, or “sika mp dede.” You won’t discover money in places where there is disorder, commotion, or turmoil.

Money dislikes commotion. In his address on Sunday night, President Akufo-Addo warned that if you criticize your currency or allow others to do so, it will weaken.

“All of us have a responsibility to play in correcting the Cedi and ending conjecture,” the President continued. The appropriate governmental agencies will take action against anyone who publishes false information that causes fear.

He reaffirmed that his administration is committed to resolving the problem at hand and that significant steps will be taken to address the Ghanaian cedi’s depreciation.

President Akufo-Addo emphasized once more that his administration is committed to stabilizing the economy and putting it on a road of expansion.



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