Stop dollarisation of the economy, say bankers

Read Article

Comments (19)

This article is closed for comments.

Read Comments Comments (19)

GOSH 11 years ago

GHANAIANS ARE NOT SMART, WHY USE US DOLLARS IF YOU INVEST OR BUY, SELL, RENT IN GHANA. ALL PUBLIC AND PRIVATE SECTORS AS WELL AS INVESTORS SHOULD USE CEDIS NOT DOLLARS. IT SHAME TO CONTINUE TO BE A SLAVE USING SLAVE MASTER CU ...
read full comment

GHANAIANS ARE NOT SMART, WHY USE US DOLLARS IF YOU INVEST OR BUY, SELL, RENT IN GHANA. ALL PUBLIC AND PRIVATE SECTORS AS WELL AS INVESTORS SHOULD USE CEDIS NOT DOLLARS. IT SHAME TO CONTINUE TO BE A SLAVE USING SLAVE MASTER CURRENCY INSTEADD OF YOUR OWN CURRENCY.
CITIZEN ONE 11 years ago

It's like the entire Accra is a Duty Free Shop. Everybody quotes you prices and rates in Dollars. School Fees, Hotel Rates, Marina Mall Clothing Shops, Even the average Akwele Kenkey Seller could very well tell you her kenkey ...
read full comment

It's like the entire Accra is a Duty Free Shop. Everybody quotes you prices and rates in Dollars. School Fees, Hotel Rates, Marina Mall Clothing Shops, Even the average Akwele Kenkey Seller could very well tell you her kenkey is 2 balls for a dollar. Are we really sick or playing games with ourselves?
DAN 11 years ago

why was it renumerated from 9000 cedi in 2007???? because the cedi is as worthless as Ghana gov.!

why was it renumerated from 9000 cedi in 2007???? because the cedi is as worthless as Ghana gov.!
GOSHA 11 years ago

NOT HAVING FAITH IN YOUR CURRENCY AND STILL BEING SLAVE USING YOUR MASTER CURRENCY INSTEAD OF YOURS, ONLY IN GHANA. GOVERNMENT SHOULD BRING REGULATION THROUGH PARLIAMENT REGARDING LIMITS.

NOT HAVING FAITH IN YOUR CURRENCY AND STILL BEING SLAVE USING YOUR MASTER CURRENCY INSTEAD OF YOURS, ONLY IN GHANA. GOVERNMENT SHOULD BRING REGULATION THROUGH PARLIAMENT REGARDING LIMITS.
DAN 11 years ago

Ndc made you a slave to China long ago!

Ndc made you a slave to China long ago!
KFC 11 years ago

When you go to China to import everything, do you use cedis or dollars, when your goverment is not even providing the basic electricity to manuafcture simple toilet roll,what do you do, you go and import..with dollars.. Only ...
read full comment

When you go to China to import everything, do you use cedis or dollars, when your goverment is not even providing the basic electricity to manuafcture simple toilet roll,what do you do, you go and import..with dollars.. Only fools like you will think we should use cedis when we have such an incompetent government who is killing all industries because he cannot ensure that we have basic power for our small local manufacturers.
CITIZEN ONE 11 years ago

This fake life of us would be so much better and easier, if we only adopt the American System from head to toe, instead of us fooling ourselves into believing that we were once cultured and civilized. Our most commonly used l ...
read full comment

This fake life of us would be so much better and easier, if we only adopt the American System from head to toe, instead of us fooling ourselves into believing that we were once cultured and civilized. Our most commonly used language is so trashy, so annoying, so uncivilized, but who born dog...we think "WO YE GUY ALL THE TIME". Our politicians have no clue how to manage a country. They all act like village chiefs and kings, giving orders without a clue about what they really want accomplished.

Question: Why is everything that has been so destructive about Ghana, suddenly seem to be emerging out of the wood works as though it all started 4 months ago?

Useless people all around.
unlimited 11 years ago

KFC is very smart n I like that . Will buy KFC to nite for my dinner.

KFC is very smart n I like that . Will buy KFC to nite for my dinner.
Trotro 11 years ago

What an irony???Alshassan talking about dollariazation? How did he pay his son's school fees in America? Dollars of course. The university did not accept cedis? Right? Where did he get the dollars from?

What an irony???Alshassan talking about dollariazation? How did he pay his son's school fees in America? Dollars of course. The university did not accept cedis? Right? Where did he get the dollars from?
Tamrock DP 1500 11 years ago

The Government can bring the dollar rate down as much as irrelevant to attract the use of dollars in Ghana if only the Government wants. Many African countries use dollars along side their national currency yet the rate is th ...
read full comment

The Government can bring the dollar rate down as much as irrelevant to attract the use of dollars in Ghana if only the Government wants. Many African countries use dollars along side their national currency yet the rate is the same.
These people in the banks of Ghana think we don't know what is going on, what they steal to bring about unwelcome situations on the good people of Ghana whose businesses demand the use of dollars.
GHFUO, BE SERIOUS NOT PRIDEFUL! 11 years ago

halt quotation of goods and services in dollars. ITS ONLY IN OUR INTEREST

halt quotation of goods and services in dollars. ITS ONLY IN OUR INTEREST
DAN 11 years ago

if the value of cedi changes daily like the stock market...go to www.oanda.com...at watch the cedi change value everyday..Even the Nigerian Niaria keeps the same value everyday!

if the value of cedi changes daily like the stock market...go to www.oanda.com...at watch the cedi change value everyday..Even the Nigerian Niaria keeps the same value everyday!
CITIZEN ONE 11 years ago

Ghanaians have become pathological thieves and cheats. Everybody wants to cheat you, everybody wants to get rich quick or overnight. Rich, poor, abject poor, are all hotwired to dishonesty.

Even the highly educated still s ...
read full comment

Ghanaians have become pathological thieves and cheats. Everybody wants to cheat you, everybody wants to get rich quick or overnight. Rich, poor, abject poor, are all hotwired to dishonesty.

Even the highly educated still speak in "the million cedi" currency, yet they transact the final business in New Cedi Currency. We blame it on the uneducated hard cash makola women alone, but even bank clerks and professionals do same. What would it take for us to start behaving like average regular human beings, where you don't have to be perfect, but your entire life is so well organized, even when in despair.

Greed, selfishness, lack of confidence in each other is in our genes. Nobody in Ghana needs education. God gave every human a brain. These same elements refuse to speak English, hate everything foreign, yet their entire existence depends on all things foreign. I love Accra so much, because it is my hometown (no transplant), but I hate everybody in Accra, and hope and pray they'd all leave sooner than later.
Kofi - USA 11 years ago

this is nonsense. the Cedi does not buy anything outside Ghana and everything including toilet rolls and toothpicks are imported. You cannot import things with Cedis. All these bank officials don't travel overseas with Cedis ...
read full comment

this is nonsense. the Cedi does not buy anything outside Ghana and everything including toilet rolls and toothpicks are imported. You cannot import things with Cedis. All these bank officials don't travel overseas with Cedis so they are just talking Nonsense. Until we start producing things in the country we will always depend on the almighty Dollar.
Kwadjo, London 11 years ago

Mr Adani is not a banker what he is saying is professionally out of place. If Mr Wampah actually detected foreign currencies due to the state being channelled away without reporting, then he, the bank in question and customer ...
read full comment

Mr Adani is not a banker what he is saying is professionally out of place. If Mr Wampah actually detected foreign currencies due to the state being channelled away without reporting, then he, the bank in question and customers must be arrested and brought to book.
You are not suggesting exchange control by all these crying. The govt must show prudence in the financial management.
NIITEIKO TACKIE 11 years ago

It is really long overdue and the goverment should do something about it
Americans do not use any other
currency in America but the dollar.

It is really long overdue and the goverment should do something about it
Americans do not use any other
currency in America but the dollar.
Kyekyeku 11 years ago

The government is doing it and telling us not to.

The government is doing it and telling us not to.
K Man 11 years ago

Why are people confusing dollarisation of the lOCAL economy with importation of goods in dollars. The issue is when local sellers, schools hotels etc are quoting in dollars. Of course when you import the goods will be paid in ...
read full comment

Why are people confusing dollarisation of the lOCAL economy with importation of goods in dollars. The issue is when local sellers, schools hotels etc are quoting in dollars. Of course when you import the goods will be paid in dollars...BUT THAT IS NOT the issue that is being discussed.
Erasmus Asem 11 years ago

Shut up if you do not know and understand the economics of a third world country like Ghana. If we stop the use of the DOLLAR how can we get the logistics for our NDC party and all the present and past commrades? Well if you ...
read full comment

Shut up if you do not know and understand the economics of a third world country like Ghana. If we stop the use of the DOLLAR how can we get the logistics for our NDC party and all the present and past commrades? Well if you do not know let me tell you we are still giving huge allowances to all old party members like Peprah Tawiah, the Ahoi's Ama Benyiwa Doe to name a few in dollars. How do you think Peprah Tawiah can still pay a $2000 monthly rent for his girlfriend? It is our time and we will enjoy.

Stop dollarisation of the economy, say bankers

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (19)

Read Comments Comments (19)