The Founding President of think-tank IMANI Centre for Policy and Education, Franklin Cudjoe, has bemoaned the depreciation of the cedi against the US dollar.

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The cedi currently trades at above GH¢12 against US$1.

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In a Facebook post on Monday, 17 October 2022, Mr Cudjoe described the Ghanaian currency as the most worthless against the US dollar.

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"The Ghanaian currency, the cedi, is officially the most worthless against the dollar.

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"My Cedi Committee did its best to advise against this eventuality," he wrote.

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He noted that setting up committees in the country, to deal with important issues such as the depreciation of the Ghana Cedi is a waste, as the recommendations of such committees are not enforced.

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"Alas, when you see a snake, just kill it. No need to set up a committee on snakes," Mr Cudjoe remarked.

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