After JoyNews posted the current dollar-to-cedi exchange rate on their official X (formerly Twitter) page, Ghanaians expressed their shock and skepticism on social media. The exchange rate has been ranging from 16.5 to 17.2 over the last three months, but in only one week, it has fallen sharply to 15.95.
Many Ghanaians are curious and debating the abrupt decline in the dollar-to-cedi exchange rate. Some people are quite suspicious of the news, while others are applauding it as a sign of advancement. Many think that the administration may be deliberately lowering the rate as elections draw near in order to earn favor.
Critics contend that this shift may not be long-lasting and that following the elections, the rate may increase once more. Just political gimmickry, one social media user said plainly. We will observe the actual exchange rate following the elections. * "Ghanaians should not be fooled by this," warned another. It's a short-term solution to get votes.
The exchange rate’s sharp decline has left many questioning whether this is genuine progress or just another election season tactic. Only time will tell.
Some optimists, however, have voiced optimism, speculating that this could mark the start of economic stability. Despite these conflicting responses, the general internet tone is one of mistrust, with many advising Ghanaians to exercise caution.
As people closely monitor how the dollar-to-cedi exchange rate will go over the next few weeks, the argument is still going strong. It is unclear if this decline is an indication of a short-term political ploy or a long-term economic recovery. Ghanaians are currently expressing their opinions about this contentious issue without holding back.
Below are some of the comments from Netizens
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