Kojo Oppong Nkrumah Explains Prez Akufo-Addo's 'Sika Mpɛ Dede' Quote | Politics

Kojo Oppong Nkrumah, the Minister for Information, has clarified President Nana Akufo-Addo's well-known 'sika mpɛ dede' remark throughout his nation handle on Sunday, October 30, 2022.

The President recounted measures his government is taking to handle the cedi devaluation and restore the financial system.

The President, in giving assurance to the general public of the government's dedication to resolving the financial hardships, went proverbial.

"Fellow Ghanaians, as the French would say, money does not like noise, 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 mentioned.

The quote has since gone viral spreading throughout social media, broadcast and print media.

Explaining the President's speech, the Information Minister, in an interview with Kwami Sefa Kayi on Peace FM's'Kokrokoo' dialogue program Monday morning, said that the President's 'sika mpɛ dede' quote was in reference to speculations on the influence of the cedi depreciation.

He famous that some persons are spreading false info that individuals who have their investments with the banks danger dropping them, thus leading to concern and panic.

So the quote by the President, he added, is to invoke calm.

"I think the President said that in reference to the speculation issue. If we don't let the real purposes for currency trade work and we create panic in the system with people making social media audio that you should remove your money from the bank or else this will happen results in panic and then you will go to the banks and people are trying to do withdrawals to buy dollar because they have seen something on social media or sometimes, you will see news websites [otherwise well-respected news website] has done a story like it happened on Friday that if you have dollar, the government will seize it and give you cedi and that creates panic; so the point the President was making was all those things don't help," he mentioned.

When requested why, of all of the President mentioned, that is what has most caught the eye of Ghanaians, the Minister responded; "For every address, there are takeaways."