In recent weeks, government communicators have blamed the rapidly depreciating local currency on speculation.
This criticism was expressed in President Akufo-Addo Sunday night speech.
Negative speculation about the cedi, he claims, has an impact on how the forex market reacts.
At a time when the government is working hard to restore trust in an economy in crisis, the president says such discussions are pointless.
“Fellow Ghanaians, as the French would say, l’argent n’aime pas le bruit, to wit, money does not like noise, sika mpɛ dede. Where there is chaos, where there is noise, where there is unrest, you will not find money. If you talk down your money, it will go down. If you allow some unidentifiable person to talk down your money, it will go down,” he said in his address
He was speaking about the state of the economy and the steps being taken to improve things as talks with the International Monetary Fund (IMF) continue.
The country is in an economic crisis, which is having a devastating effect on all sectors.
Ghana is currently approaching the Fund for possible $3 billion in assistance, despite intensifying hardship, skyrocketing fuel prices, rising living costs, and a depreciating cedi.
The reactions on social media to this comment are focused on how he said it rather than what he said.
Here are some of the reactions:
‘l’argent n’aime pas le bruit
Sika mp3 dede.
Money does not like noise’. @NAkufoAddo