The Cedi Wahala

Chaley, I have not come to tell you about the nuances of the Cedi (Ghana Cedi) problems against its major trading currencies. I say that because, I think it’s so obvious, and also that it has been said or discussed over and over again, more so because my first Degree in Economics is not even qualified to work at the Bank of Ghana, you see what I mean? So I won’t worry my head.

But look at this simple analogy; think of the Cedi or the amount of Cedis in circulation in the Economy as Men, and the amount of Dollars as Women. As much as the Men (Cedis) find need to make use of the Women (Dollars) for the purposes of dating, one night stand, marriage (import clearing services, Ghana’s four star hotel services, Ghana’s perpetual import dependency, respectively), they go after the Women. Bear in mind that the Women hardly/scarcely find need for the Men. All other things being constant (ceteris paribus) won’t the women begin to feel ‘Tweaaaaaaa’ (disdain) towards the men, and as a result attain a higher price (exchange rate) in the economy? That is the problem of our currency at the moment.

As it stands now, the Cedis (Men) should realise that they are not ‘co-equal’(in equilibrium) with/to the Dollars (Women) and hence, the need to undertake measures aimed at averting the downward trend/falling value as concretely as possible, otherwise, it is ‘Tweaaaaaaaaaaa’ (disdain) continua !

THANK YOU!