Why ‘Sika mpɛ dede’ is social media’s takeaway from Akufo-Addo speech
Government communicators over the past few weeks partly blamed the fast-depreciating local currency on speculations. This critique found expression in President Akufo-Addo’s speech on Sunday night. According to him, negative speculation about the cedi has an attendant effect on how the forex market reacts. At a time when the government is struggling to restore confidence in an economy in crisis, the president says such conversations are pointless. “Fellow Ghanaians, as the French would say, l’argent n’aime pas le bruit , to wit, money does not like noise, sika mpɛ dede . Where there is chaos, where there is noise, where there is unrest, you will not find money. If you talk down your money, it will go down. If you allow some unidentifiable person to talk down your money, it will go down,” he said in his address. He was speaking on the state of the economy and measures taken to salvage the situation as talks with the International Monetary Fund (IMF) continue. The coun...