Woman Cries Out Over Cedi Appreciation, Says Value of Monies Received from Abroad Has Reduced

• A Ghanaian woman has opened up about her challenges with the rise in the value of the Ghana cedi
• In a now-viral video, the young woman openly criticised the development, stating that it was bad for people who receive money from abroad
• Netizens who saw the video of the woman speaking about the development expressed mixed reactions in the comments section of the post

A Ghanaian woman has gone viral after emotionally expressing frustration over the recent appreciation of the Ghanaian cedi, a development many have hailed as a sign of economic recovery.

In a video circulating on social media, the woman shared her displeasure, explaining that the rising value of the cedi is negatively affecting her livelihood, as she depends heavily on remittances from family members abroad.

The Ghanaian cedi has recently experienced some positive changes, appreciating against the US dollar. As of the time of filing this report, the value of the cedi stood at GH¢12.39 per dollar as against the GH¢16, which was recorded during the election period.

While the cedi’s recent gains have been widely welcomed by policymakers and market watchers especially for their potential to reduce inflation and lower the cost of imports, it has emerged that some Ghanaians, like the young woman mentioned above, are unhappy about the move.

She stated that she hoped the government would fix the economy and not focus on bringing the value of the dollar against the cedi down.

Watch the video of the young woman speaking about how the cedi appreciation is affecting her:

Netizens react to young lady's views about cedi

Netizens who saw the views of the young lady on the cedi appreciation expressed mixed reactions in the comments section of the now-viral video.

While some agreed with her remarks, another section of commentators disagreed and criticised her under the post.

@CoolGodVibes wrote:

"If the Cedi keeps appreciating with no change in prices locally, is it a good thing or not? We will shop outside the country and let wicked vendors chew their stuff."

@tin_kudi wrote:

"I blame free SHS, she is a product of free SHS."

@CadmanAttaMills wrote:

"Hmmmm. "Focus on the economy and not the dollar (exchange rate)". I believe she is saying something quite profound based on her lived experience."

@Nanaezze wrote:

"Not every person who goes to school is schooling, some are actually scamming the schooling system like this one."

Okatakyie Afrifa calls out NDC, President Mahama

Earlier, YEN.com.gh reported that Sammy Gyamfi, the CEO of GoldBod, was seen in public for the first time after gifting Agradaa some dollars.

The GoldBod CEO landed in trouble after "extending a helping hand to the needy" in a video, which has since gone viral.

Photos of his recent public appearance have got many people talking on social media as Ghanaians continue to debate the appropriateness of his actions. His supporters were overwhelmed with joy and expressed their views in the comments section of the post.

Source: YEN.com.gh