Cedi depreciation started 20 yrs ago – Financial analyst

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OSEI 10 years ago

THE NDC GOVT. HAS DONE ABYSMALLY POOR WITH MANAGING THE EXCHANGE RATE. NO FINGER POINTING. IT IS CLEAR. 20 YEARS OR 30 YEARS K4 WAS ABLE TO HOLD IT FOR EIGHT YEARS. I KNOW YOU WON'T ADMIT THAT IT WAS APPRECIATED AT SOME POINT ...
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THE NDC GOVT. HAS DONE ABYSMALLY POOR WITH MANAGING THE EXCHANGE RATE. NO FINGER POINTING. IT IS CLEAR. 20 YEARS OR 30 YEARS K4 WAS ABLE TO HOLD IT FOR EIGHT YEARS. I KNOW YOU WON'T ADMIT THAT IT WAS APPRECIATED AT SOME POINT.
They Say They Say 10 years ago

Mannn even when you read the article in front of you,you still can't understand and interpret. The cedi was introduced in 2007 and the dollar rate was $1 to Ghc.0.91. By 2008 when Kufour left the rate was Ghc.1.10 to $1. In o ...
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Mannn even when you read the article in front of you,you still can't understand and interpret. The cedi was introduced in 2007 and the dollar rate was $1 to Ghc.0.91. By 2008 when Kufour left the rate was Ghc.1.10 to $1. In one single year the cedi fell about 20% but somehow you see that as steady. What is this? Lack of understanding or just can't accept it.
GHFUO, be serious & change ur MENtali 10 years ago

ANY PERSON WHO SUPPORTS NDC IS RETARDED...

ANY PERSON WHO SUPPORTS NDC IS RETARDED...
Kwaku Amexo 10 years ago

Stop blaming political parties and support current governments to achieve a common goal- Better country. The problems of the country are not caused by the political parties but every citizen, leaders of the world financial in ...
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Stop blaming political parties and support current governments to achieve a common goal- Better country. The problems of the country are not caused by the political parties but every citizen, leaders of the world financial institutions and circumstances nobody can control. The Cedi is pegged against the dollar. Why should Ghanaians use dollars to transact business instead of Cedis? You help the Dollar against the Cedi if you continue using the Dollar as a trading currency in Ghana.
AGYABA 10 years ago

So Why is the so called expect trying to tell us the decline of the Cedi started 20years ago? The fact is that the economy was in shambles and HIPCed in 2000, in 2001, the NPP decleared HIPC and went on to move the economy to ...
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So Why is the so called expect trying to tell us the decline of the Cedi started 20years ago? The fact is that the economy was in shambles and HIPCed in 2000, in 2001, the NPP decleared HIPC and went on to move the economy to middle income and created a condition that made the cedi stronger than the dollar. In 2009, as show in the article, the cedis started declining as a result of imcompetence, propaganda and corruption, today the cedi is sold at 2.5 t0 US$1.00, so who should we be told that it started 20yrs ago when in the actual fact, it started only from 2009? Please let us for once tell the truth in Ghana, now professionals, experts, Professor and Prophets and Pastor alike have all sold their concience to the NDC govt and have joined the CREAT LOOT AND SHARE(CLS) syndicate so they can't even tell the truth in their own fields of study and calling. Oh God save Mother Ghana from criminals and their "BAPHOMET AGENTS".
ABU 10 years ago

politicization of our whole body politics,what is the solution of yours in the midst of NPP NDC thing of yours.

politicization of our whole body politics,what is the solution of yours in the midst of NPP NDC thing of yours.
Krikri,, 10 years ago

Our BOSSES lack the will to take pragmatic dedisions to solve this problem. When all we do ia to sell companies established by THE ONLY PRESIDENT we have had in thia country, Dr Kwame Nkrumah,how do we expect the cedi to stab ...
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Our BOSSES lack the will to take pragmatic dedisions to solve this problem. When all we do ia to sell companies established by THE ONLY PRESIDENT we have had in thia country, Dr Kwame Nkrumah,how do we expect the cedi to stabilize? (2)Everybody gets some cash and ME KWO FA NIAMA. So how do we expect the cedi to stabilize if we KWO FA tooth pick,water or eve used toilet roll? wht do we allow rent at Cantonments, Labone, Airport, etc to be paid in US DOLLAR, how do we expect the cedi to stabilize? Are officials of revenue collecting bodies unaware? Mahama keep on travelling by heart like Kufour & u will be shocked in 2016
LARYEAH 10 years ago

SHUT UP FOOL, TELL YOUR NDC PEOPLE TO GIVE IF CANNOT HANDLE THE JOB.

SHUT UP FOOL, TELL YOUR NDC PEOPLE TO GIVE IF CANNOT HANDLE THE JOB.
mumuni 10 years ago

This so called expert is displaying gross ignorance. I often hear him offering warped pronouncements on economic issues at TV3.

This so called expert is displaying gross ignorance. I often hear him offering warped pronouncements on economic issues at TV3.
OTWEN BIN TS 10 years ago

The four zeros of the cedi was achieved achieved by NDC. The cedi gain value and respect by NPP. NDC now in power is disgracing ths cedi again. NDC is a curse for Ghana.

The four zeros of the cedi was achieved achieved by NDC. The cedi gain value and respect by NPP. NDC now in power is disgracing ths cedi again. NDC is a curse for Ghana.
Kwaku Amexo 10 years ago

The aim of democracy is not what is practiced in Ghana. Can Ghanaians move on after one party wins? Ghana will be a better place if all the parties help whoever wins to achieve a common goal. Why do people trade in Dollars in ...
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The aim of democracy is not what is practiced in Ghana. Can Ghanaians move on after one party wins? Ghana will be a better place if all the parties help whoever wins to achieve a common goal. Why do people trade in Dollars in Ghana and complain about the weak Cedis?
ACA 10 years ago

And in the last 10 years the US dollar has also dropped substantially in value!

And in the last 10 years the US dollar has also dropped substantially in value!
MENSAH 10 years ago

Ghana CEDI should have gained a whole lot of respect from the ALMIGHTY DOLLAR,but the opposite is the case.
The recession in 2008 got the developed countries economy crawling,and Ghana could have taken an advantage on their ...
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Ghana CEDI should have gained a whole lot of respect from the ALMIGHTY DOLLAR,but the opposite is the case.
The recession in 2008 got the developed countries economy crawling,and Ghana could have taken an advantage on their weakened economy,by stabilizing ours.But the opposite was the case,it was rather depreciating in the midst of plenty.
Our economic planners and financial gurus should wake up from their slumber,and save our Ghana from wicked,unwanted and dangerous punches from the almighty dollar.
NKRUMAH & BUSIA could do well with our economy,therefore MAHAMA should learn from them.
If this "GUINEA FOWL POLITICIANS" have not been able to transform our economy into A FINISHED PRODUCT INDUSTRY,but still wallowing in CRUDE RAW MATERIALS EXPORTS,they should find a way to stem this CEDI DEPRECIATION.
NKRUMAH & BUSIA LEFT A VIRGIN GHANA,FULL OF OPPORTUNITIES AND A VIBRANT ECONOMY FOR US,BUT NOW,NDC HAS THROWN IT INTO GARBAGE.
GHFUO, be serious & change ur MENtali 10 years ago

THE POUND IS STRONG BCOS THEY HVE GOLD RESERVES TO BACK IT. US DOSENT HVE ANY GOLD RESERVES AND THEY R IN DEBT. THIS HAS AFFECTED THE DOLLAR WHICH IS NOW ALMOST WORTHLESS. ITS ONLY VALUE LIES IN IT BEING RECOGNIZED AS THE MON ...
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THE POUND IS STRONG BCOS THEY HVE GOLD RESERVES TO BACK IT. US DOSENT HVE ANY GOLD RESERVES AND THEY R IN DEBT. THIS HAS AFFECTED THE DOLLAR WHICH IS NOW ALMOST WORTHLESS. ITS ONLY VALUE LIES IN IT BEING RECOGNIZED AS THE MONETARY TOOL FOR EXCHANGE.
ABU 10 years ago

When the military intefere in what it has no competency with any person at all ruling ,and thinking with gun,torture,executions,disappearance,physical liquidation and brutality all will be sublime,there we are for popular dem ...
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When the military intefere in what it has no competency with any person at all ruling ,and thinking with gun,torture,executions,disappearance,physical liquidation and brutality all will be sublime,there we are for popular demands then with let the blood flow which we are being made to pay for today.This is the price of state organised murder and executions,we have greatly sinned against God and humanity.Never again as a nation and people should we ever call for blood to flow.
MENSAH 10 years ago

Former President Kufour,EVEN IN HIS PREPARATION TIME FOR THE OIL DRILLING,WITHOUT A DROP OF IT,IN HIS ERA,could do A VERY MARVELLOUS JOB TO STABILIZE THE CEDI AGAINST THE ALMIGHTY DOLLAR.
In the midst of plenty these incompe ...
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Former President Kufour,EVEN IN HIS PREPARATION TIME FOR THE OIL DRILLING,WITHOUT A DROP OF IT,IN HIS ERA,could do A VERY MARVELLOUS JOB TO STABILIZE THE CEDI AGAINST THE ALMIGHTY DOLLAR.
In the midst of plenty these incompetent "guinea fowl politicians"do not even know how to block dangerous punches,thrown by the almighty dollar,and rendered GHANA ECONOMY,A MERE PUNCHING BAG,TO ABSORB EVERY BLOW THROWN.
NDC does not belong.WE SHOULD SHOW THEM THEIR EXIT,COME 2016.
GOOS 10 years ago

GHANA WAS WELL POSITION WITHOUT SINGLE DROP OF OIL. BUT NOW WITH OIL THE CURRENCY AND THE ECONOMY IS WORSEN. FAILURE WAS POOR ECONOMIC POLICIES, POOR TAX REVENUES, HEAVY IMPORT BILL, HEAVY STEALING DURING ELECTION CAMPAIGNE, ...
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GHANA WAS WELL POSITION WITHOUT SINGLE DROP OF OIL. BUT NOW WITH OIL THE CURRENCY AND THE ECONOMY IS WORSEN. FAILURE WAS POOR ECONOMIC POLICIES, POOR TAX REVENUES, HEAVY IMPORT BILL, HEAVY STEALING DURING ELECTION CAMPAIGNE, LEAKAGES IN THE SYSTEM, HEAVY PUBLIC SALARY
GOOS 10 years ago

GHANA HAVE NO STRONG MANUFACTURING, IMPORT EVERYTHING LIKE 600 MILLION FOR RICE, BIG PUBLIC WAGE OR SALARY BILL, OVERSPENDING DURING ELECTIONS, CORRUPTION, GREED IN ALL SECTORS, E-PAY SYSTEM NEED TO APPLY, E-CHEQUE ELIMINATE ...
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GHANA HAVE NO STRONG MANUFACTURING, IMPORT EVERYTHING LIKE 600 MILLION FOR RICE, BIG PUBLIC WAGE OR SALARY BILL, OVERSPENDING DURING ELECTIONS, CORRUPTION, GREED IN ALL SECTORS, E-PAY SYSTEM NEED TO APPLY, E-CHEQUE ELIMINATE LOOPHOLES
Kwame Angel 10 years ago

"The new Ghana Cedi was introduced on July 3, 2007 after four zeros were knocked off, making it the highest-valued currency unit issued by any sovereign country in Africa in 2007" Listen to this journalists. Redenomination of ...
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"The new Ghana Cedi was introduced on July 3, 2007 after four zeros were knocked off, making it the highest-valued currency unit issued by any sovereign country in Africa in 2007" Listen to this journalists. Redenomination of a currency add NO value. It only helps avoid carrying chop boxes of notes around as happened before the redenomination. Our economy is still heavily import based. Local contracts are quoted in dollars. The economy is still heavily dollarized to the point where all housing units and rents are being quoted in US dollars. This puts the dollar in high demand. Economic 101 teaches us that when there is an increased demand for a commodity, the price ($$) increases relative to competitive goods (GHC). Any laws aimed at strengthening the cedi should focus on these practices.
The Mask 10 years ago

The role of currencies are to facilitate the exchange of goods and services. That is commodity-money-commodity (C-M-C).

Exchange rates are based on demand and supply. The question I would want to ask is what is the demand ...
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The role of currencies are to facilitate the exchange of goods and services. That is commodity-money-commodity (C-M-C).

Exchange rates are based on demand and supply. The question I would want to ask is what is the demand for australian dollars, danish kroner, CFA franc, nigerian dollars, swiss franc.
It is clear that the supply of these currencies are very high.

When the supply is high and the demand is low what should be the value of the currency in Ghana?
Kwadjo, London 10 years ago

To some degree I agree with you,20yrs ago the cedis was put on the market, that was a good thing done by Dr Kwesi Botchway.
The problem is who manages the cedi? It is the central bank on behalf of the Ministry of finance hen ...
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To some degree I agree with you,20yrs ago the cedis was put on the market, that was a good thing done by Dr Kwesi Botchway.
The problem is who manages the cedi? It is the central bank on behalf of the Ministry of finance hence the govt.
How do people get hold of foreign currency in the country?
If one wants to purchase foreign currency in the country , how is this done?
2. The cedi is falling because the market perceives the Presidency to be corrupt because the President's brother's debt became the subject of negotiation during the sale of Merchant Bank.
Awurade kasa 10 years ago

This shows the inefficiency of government officials allowing themselves to be rubber stamped. They are hired on the basis of POLITRICKS not of knowledge.
What do you suggest Sir.

This shows the inefficiency of government officials allowing themselves to be rubber stamped. They are hired on the basis of POLITRICKS not of knowledge.
What do you suggest Sir.

Cedi depreciation started 20 yrs ago – Financial analyst

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