{"id":103801,"date":"2025-11-18T13:50:11","date_gmt":"2025-11-18T13:50:11","guid":{"rendered":"https:\/\/sotnews.agency\/?p=103801"},"modified":"2025-11-18T13:50:11","modified_gmt":"2025-11-18T13:50:11","slug":"cedi60-mahama-mocks-calculator-shoppers-as-he-celebrates-cedis-revival","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=103801","title":{"rendered":"Cedi@60: Mahama mocks \u2018calculator shoppers\u2019 as he celebrates Cedi\u2019s revival"},"content":{"rendered":"
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President John Dramani Mahama brought humour and applause to the Ghanaian currency as he playfully jabbed Ghanaians who complain about getting fewer cedis when exchanging foreign currency.<\/p>\n

Speaking at the Cedi@60 anniversary celebration on Tuesday, November 17, President Mahama recounted moments from his past travels, when some members of his entourage would anxiously convert prices abroad into cedis before deciding whether to make a purchase.<\/p>\n

At the event themed \u201cSovereignty, Stability, and Economic Resilience,\u201d President Mahama said: \u201cIn the past, when we travelled with our security and drivers and they got their per diem, anytime they went to the shop to buy a few things, they always used their calculator.<\/p>\n

\u201cIf they saw a shoe for 120 pounds, they would convert it into cedis and shout, \u2018What?!\u2019 When they saw how many cedis they would get for the money instead, they would say, \u2018No, I won\u2019t buy. I\u2019d take it home,\u201d he said, while laughing and drawing laughter from the audience.<\/p>\n

He joked that such \u201ccalculator shoppers\u201d might not be too pleased with the central bank today over the cedi\u2019s strengthened performance.<\/p>\n

\u201cI\u2019m sure they will not be very happy with the Bank of Ghana and Governor Asiamah, because now, when they use that calculator, it will not be as much as it used to be before,\u201d he said, teasing those who once relied on forex conversions to maximise value.<\/p>\n

President Mahama used the anecdote to highlight what he described as renewed confidence in the cedi, noting that landlords who previously demanded rent in dollars now insist on being paid in cedis.<\/p>\n

\u201cToday, people are quoting in cedis. Even house rent, you want to pay in dollars, and he says, \u2018No, pay me in cedis.\u2019 A lot of respect has returned to our currency,\u201d he added.<\/p>\n

The President went on to commend the Bank of Ghana, the Ministry of Finance, and their teams for their management of the economy, saying Ghanaians are appreciative of the progress made.<\/p>\n

The celebration comes at a time when the Ghanaian cedi has shown a stronger performance in recent weeks. <\/p>\n

According to market data from November 11, the local currency closed the interbank market at GH\u00a210.92 to the US dollar, a 0.64% depreciation from GH\u00a210.85. The British pound also fell by 0.37% to GH\u00a214.37, while the euro edged up marginally to GH\u00a212.64.<\/p>\n<\/div>\n

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