Renowned Kumawood actor Kwaku Manu has expressed excitement over the recent appreciation of the cedi, currently trading at GHS10.40 to a dollar.

According to the actor, this will affect several travelers, including himself; however, the strengthening of the Ghana cedi is ultimately good news for Ghanaian traders.

He praised President John Mahama for his hard work in less than a year since he came into power.

"One thing I want to say is that if we put politics aside, President John Mahama is really working since he came back to power. He is really working hard. Whenever I travel abroad, I normally return to Ghana to change some dollars I get over here. Since I came here, I have always checked the dollar".

"I know it will affect me when I come back home, but I am happy. I am happy because if you are in Ghana and if you want to buy a ticket to China, the USA, or other countries, you will struggle. Since the dollar has come down, it will help many travelers, especially the traders," he said in a video he shared on Instagram.

Ghana’s local currency, the cedi, continues its upward momentum on the interbank market, registering notable gains against major trading currencies, particularly the US dollar.

As of Friday, May 26, the average interbank rates used by commercial banks for transactions at the close of business showed the US dollar buying at GH₵10.39 and selling at GH₵10.40.

The British pound is buying at GH₵14.09 and selling at GH₵14.11. The euro is currently being bought at GH₵11.82 and sold at GH₵11.83.

Meanwhile, Kwaku Manu has appealed to President John Mahama to pass a law that prohibits citizens from hurling insults at prominent persons such as the president, Asantehene, and others in the country.

He asserts that such individuals at least deserve a one-year jail term to serve as a deterrent to others who exhibit such bad manners online.

Kwaku Manu is a renowned Ghanaian actor, comedian, musician, and television presenter widely recognized for his contributions to the Kumawood film industry.

He used to be a supporter of the National Democratic Congress (NDC) during the year 2016, however, in subsequent years, the actor has adopted a more neutral stance.

While celebrities were publicly endorsing political parties, Kwaku Manu made his stance clear, indicating that “I will not endorse a political party, but I don’t have any problem with a celebrity doing so because they need to survive. Most of them don’t have side jobs and with the coronavirus affecting everything this is the right time for celebs to make money from the politicians especially as we approach elections."

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View this post on Instagram A post shared by KWAKU MANU (@kwakumanubob)