The Ghanaian Cedi is worse than the Ukrainian hyrvnia, according to John Jinapor.

 John Abdulai Jinapor, Member of Parliament for the Yapei- Kusawgu constituency, has expressed concern about Ghana's currency's continuous depreciation against major trading currencies.According to him, the recent performance of the Ghana cedi has made it worse than the Ukrainian currency, despite the fact that the Akufo-Addo-led government has repeatedly blamed the current crisis on the effects of Russia's ongoing invasion of Ukraine and the COVID-19 pandemic.On Thursday, March 10, 2023, during a debate on the president's State of the Nation's Address (SONA), John Jinapor stated on the floor of parliament: "... when compared to Congo, Senegal, Burkina Faso, and Uganda, whose currencies have depreciated by 53%, COVID affects everyone and all currencies. COVID does not only refer to the Ghanaian cedi; all currencies should be equal. Your currency is worse than the Ukrainian currency, and you say it is COVID, which worries me because you don't understand the issue. If you understand the problem, you will find a solution. Which African country has an inflation rate of 50%? Please notify us."Since the beginning of 2022, the local currency has depreciated by approximately 50% against the US dollar. The development has increased the cost of living, caused fuel price increases, and caused general gloom among Ghanaians.Ghana hopes to reach a Board-Level Agreement with the International Monetary Fund by the end of March this year, among other things, to restore macroeconomic stability.