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
