Larry Madowo laments Ghana’s weak cedi against US dollar

CNN International Correspondent Larry Madowo has sounded the alarm on Ghana’s depreciating cedi, highlighting its dramatic decline in value against the US dollar.

In a recent social media post, Madowo expressed concern that GHS100 now equates to just $6 in the international market.

This stark comparison sparked widespread conversations across Ghana and beyond ¹.
Madowo, renowned for his in-depth reporting on Africa’s economic issues, shared his astonishment at the cedi’s depreciation since his first visit to Ghana in 2011, when the exchange rate was roughly 1:1 with the US dollar.

Fast forward to today, and the cedi’s value has plummeted, with 100 cedis barely covering $6