MTN FA Cup Chief Links Cedi Depreciation to Foreign Sports Coverage

Wilson Arthur, Chairman of the MTN FA Cup Committee, has connected the depreciation of the cedi against the dollar to the prevalence of foreign sports coverage in Ghanaian media.

Currently, the cedi’s value has declined, with approximately 15 Ghana cedis needed to exchange for 1 dollar.

Arthur expressed his concern that over 75% of sports content in local media is focused on European football, which he believes negatively impacts the local economy.

During an interview on Oyerepa FM, Arthur emphasized the importance of shifting the focus towards promoting local sports to address this issue.

“The dominance of foreign sports content on our local media, exceeding 75%, is a significant factor contributing to the poor performance of the cedi against the dollar, and the media plays a substantial role in this,” remarked Arthur.

Despite these economic challenges, Arthur is optimistic about the upcoming FA Cup semi-final matches. The fixtures will feature holders Dreams FC against Bofoakwa Tano, as well as Legon Cities facing Nsoatreman FC.

Both games are set to take place at the WAFA Park in Sogakope, and Arthur is hopeful for a successful event.

Written by Silas Boahene

Hey sports fans! I'm Silas, your go-to companion for the exhilarating world of sports. As a passionate blogger, I go beyond scores, delving into the personal stories that make each match unforgettable. From heartwarming victories to strategic plays, join me in celebrating the highs, analyzing the lows, and reveling in the beauty of the game.🌟🏆

Published on May 12, 2024