
McDan CEO, others kneel at gunpoint over warehouse demolition exercise
2 mins read
17th June 2025 2:06:14 PM
3 mins readBy: Amanda Cartey
Renowned highlife maestro, Agya Koo Nimo, has stated that he feels calm in his old age now because of the current value of the dollar.
Responding to the question of what gives him peace lately, Agya Nimo told Kafui Dey in an interview that, “I’ll say the dollar, the way the dollar is coming down is good.”
According to him, he is at peace because the appreciation of the cedi has helped strengthen the economy and made life sustainable for Ghanaians.
“We are all with it. It should even come down more,” he said.
Since the start of 2025, the cedi has appreciated by roughly 40–50% against the US dollar, one of the best‑performing currencies globally in 2025.
It strengthened from around GHS15/USD in January to about GHS10–GHS10.30 by mid‑June.
This appreciation has helped ease inflation, leading to cheaper imports and fuel as well as an increased purchasing power.
Meanwhile, Ghanaian highlife artiste, Kuami Eugene, has disclosed that he is losing value on the US dollars he has saved because the cedi is appreciating.
He jovially took to social media to cry out to the President, urging him to slow down the cedi's appreciation.
"We beg Pres. John Mahama for slow down small , my dollar reserves all dey go waste,” he wrote.
Similarly, renowned Kumawood actor Kwaku Manu expressed excitement over the recent appreciation of the cedi.
According to the actor, this will affect several travelers, including himself; however, the strengthening of the Ghana cedi is ultimately good news for Ghanaian traders.
He praised President John Mahama for his hard work in less than a year since he came into power.
"One thing I want to say is that if we put politics aside, President John Mahama is really working since he came back to power. He is really working hard. Whenever I travel abroad, I normally return to Ghana to change some dollars I get over here. Since I came here, I have always checked the dollar".
"I know it will affect me when I come back home, but I am happy. I am happy because if you are in Ghana and if you want to buy a ticket to China, the USA, or other countries, you will struggle. Since the dollar has come down, it will help many travelers, especially the traders," he said in a video he shared on Instagram.
Ghana’s local currency, the cedi, continues its upward momentum on the interbank market, registering notable gains against major trading currencies, particularly the US dollar.
As of Friday, May 26, the average interbank rates used by commercial banks for transactions at the close of business showed the US dollar buying at GHS10.39 and selling at GHS10.40.
The British pound is buying at GHS14.09 and selling at GHS14.11. The euro is currently being bought at GHS11.82 and sold at GHS11.83.
He has also appealed to President John Mahama to pass a law that prohibits citizens from hurling insults at prominent persons such as the president, Asantehene, and others in the country.
He asserts that such individuals at least deserve a one-year jail term to serve as a deterrent to others who exhibit such bad manners online.
2 mins read
8 mins read
6 mins read
5 mins read
8 mins read
2 mins read
6 mins read
4 mins read
5 mins read