Ghanaian highlife singer, Eugene Kwame Marfo, popularly known as Kuami Eugene, has expressed mixed feelings about the recent strength of the Ghana cedi.
The Monica hitmaker shared his thoughts on his official X page, noting that the cedi’s rapid appreciation is negatively affecting his dollar reserves. “We beg Pres. @JDMahama for slow down small, my dollar reserves all dey go waste,” he posted, echoing the sentiments of many who are facing similar concerns.
His statement, directed at President John Dramani Mahama, offered no detailed analysis of the cedi’s rise, but captured the emotional dilemma many are experiencing. “I’m happy and sad at the same time,” he added.
As of May 28, 2025, the Bank of Ghana pegs the official interbank rate at GHS 10.2949 to the US dollar (buying) and GHS 10.3052 (selling). This reflects a notable appreciation from earlier in the month when the rate hovered around GHS 11.85, marking a 24.1% gain within the first five months of the year.
