CNN Journalist Larry Madowo has revealed that his first time in Ghana in 2011 the Ghanaian cedi to the US dollar was at the ratio of 1:1.
According to Larry Madowo, the cedi depreciation today is 100 cedis to just $6.
Larry’s full post on X accompanied by a 100 cedis note reads, “My first time ever in Ghana in 2011, the cedi was about 1:1 to the US dollar. Today, 100 cedis is just $6”.
Ghana’s local currency continues to experience persistent depreciation against major foreign currencies like the US dollar. Checks by YawaNews on November 12, 2024, show that the cedi is trading at GH¢17.20 to the dollar, while the pound is trading at GH¢21.53 at several major forex bureaus across the country.
Larry Madowo has however praised Ghana’s Kumasi Airport as one of the nicest regional airports in Africa, according to him his favorite feature of the airport is how much natural light you get in the Kumasi Airport, now the Prempeh I International Airport.
Larry Madowo, a Kenyan and a CNN’s International correspondent.
See the post below:
My first time ever in Ghana in 2011, the cedi was about 1:1 to the US dollar.
Today, 100 cedis is just $6 pic.twitter.com/gf5y9JE7eP
— Larry Madowo (@LarryMadowo) November 12, 2024
