Supreme Court to hear cedi case

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GHFUO: nyantakyi, 1/9aa must go.ASAP! 9 years ago

The onus of strengthening the cedi lies with the policies put forth by the bank of gh and the minister of finance. The bank of gh oversees the micro and the finance minister oversees the macro. Interest rates, mortgages, bank ...
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The onus of strengthening the cedi lies with the policies put forth by the bank of gh and the minister of finance. The bank of gh oversees the micro and the finance minister oversees the macro. Interest rates, mortgages, bank levies, loan rates, taxes etc are discussed and put forth by the 2 and often communicated by the finance minister. Whiles currency printing, denominations, interest rates etc are overseen by the bog. So these monkeys can't even compare notes with other western nations..why waste time in court over such matters. Create, loot and share again?
oba nyansani baako Pe in Ghana 9 years ago

Ghanaians are very funny! Instead of them to be bold enough and tell Mahama and his idiots to step down look at what they are doing. I know you favoured Mahama to win the supreme court case because you thought he could perfor ...
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Ghanaians are very funny! Instead of them to be bold enough and tell Mahama and his idiots to step down look at what they are doing. I know you favoured Mahama to win the supreme court case because you thought he could perform better but now look at the way he is moving the country to? Therefore, you idiots have right to tell Mahama off to step down. I am right to Day this but l know Dome foolish men will come to attack me. But l don't Care because l am right.
Conventional Youth 9 years ago

John Ephraim Baiden, a lawyer and former banking lecturer, filed a writ in the country’s apex court in March seeking a declaration that “upon a true and proper interpretation of Article 183(2)(a) of the 1992 Constitution ...
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John Ephraim Baiden, a lawyer and former banking lecturer, filed a writ in the country’s apex court in March seeking a declaration that “upon a true and proper interpretation of Article 183(2)(a) of the 1992 Constitution and Bank of Ghana Act, 2002, Section 4(b), the Bank of Ghana has neither promoted nor maintained a stable currency for the Republic of Ghana.”

Article 183(2)(a) of Ghana’s constitution says: “The Bank of Ghana shall promote and maintain the stability of the currency of Ghana and direct and regulate the currency system in the interest of the economic progress of Ghana”, and Section 4(b) of the Bank of Ghana Act, 2002, provides that the central bank “shall promote by monetary measures the stabilisation of the value of the currency within and outside Ghana.”

The plaintiff asserts in his case that the level of depreciation of the cedi over time does not show the central bank to be promoting and maintaining a stable currency for economic progress, and wants the court to concur and order the bank to stabilise the currency.
Obuabasa 9 years ago

Gets itself entangled in this 'stupid' and frivolous legal action! And that would not be because it does not have better things to do with its time.
The so-called 'intellectuals' of this country,it seems to me,enjoy this pas ...
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Gets itself entangled in this 'stupid' and frivolous legal action! And that would not be because it does not have better things to do with its time.
The so-called 'intellectuals' of this country,it seems to me,enjoy this pastime of frittering away our limited resources.
Kotoua Selira 9 years ago

The central Bank of Ghana is messing up with the Ghana cedis and causing blames on president Mahama. Before the old cedi was removed from the Ghanaian system, I was one of the people that recommended the method of removing th ...
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The central Bank of Ghana is messing up with the Ghana cedis and causing blames on president Mahama. Before the old cedi was removed from the Ghanaian system, I was one of the people that recommended the method of removing the zeros from the old cedi to a single digit an idea I obtained from the Turkish economy. During Kufour regime, the cedi was supported and monitored by the central Bank of Ghana. The foreign currencies were pumped into the Ghanaian system while the Ghana cedi was held as a scarce commodity in our economy. In simple terms we had less cedis in the system while we had more foreign currencies flooding in the economy.
As a result of this, the foreign currencies became cheap against the local currencies and the economy of the country went well. Things were cheap. Kids could take one cedi to school for lunch. Today a president from the North has become a tribal issue and a problem for the country so the central Bank is intentionally sabotaging the economy in the name of NDC and the punishment is now on the neck of everyone in the country. It is so shameful that the management of Ghana central bank is doing this to our own country. Ghana is our home land and only we can make it better. No one from anywhere in the world would come to Ghana to help build Ghana for us. Shame against the central Bank of Ghana.
olo Vivi 9 years ago

Demand and supply holding corruption plus mischief constant.

Demand and supply holding corruption plus mischief constant.
Kwame 9 years ago

We said that the state has nothing to do with business, thus how can a person who is not in business control the value of the currency. When you import goods and services you must have the same value of goods and services, or ...
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We said that the state has nothing to do with business, thus how can a person who is not in business control the value of the currency. When you import goods and services you must have the same value of goods and services, or better more than that value or your currency that is consuming without producing will fall.
This case is like trying to force your wife who is going to the market on a village market day to take gongong and announce before the market day that she is the one in charge of the price of goods and services in the market. That she is going there to detect the price of goods and services and one who does not agree should keep away from the market.
Ben Twum 9 years ago

The law suit should rather be directed against bank managers who launder dollars meant for the bank's dispensation to the black market for huge personal profits. Let the BNI investigate and bring all these economic saboteurs ...
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The law suit should rather be directed against bank managers who launder dollars meant for the bank's dispensation to the black market for huge personal profits. Let the BNI investigate and bring all these economic saboteurs to book
Papa Yaw. 9 years ago

No

No
mr amin 9 years ago

we should seriously surport this law suit. thanks to Dr Baiden for thinking about the people. BoG has fail the nation. we need a fix exchange regime. Go go Dr Baiden u have our surport n respect. thank u God bless u may u win ...
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we should seriously surport this law suit. thanks to Dr Baiden for thinking about the people. BoG has fail the nation. we need a fix exchange regime. Go go Dr Baiden u have our surport n respect. thank u God bless u may u win this case. Amen.
Dr Robert K Glah 9 years ago

Justiceability of the case could ditch the claim.

The Claimant must prove abuse of discretion by the BoG

Invite Amicus Curia

Justiceability of the case could ditch the claim.

The Claimant must prove abuse of discretion by the BoG

Invite Amicus Curia
ROGUE LAWYER 9 years ago

I think that suprem court had to uproot the trueth which had been expensive from the economic Management Team to ghanaians for us to know the true state of the economy.

government is not telling us the trueth and she must ...
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I think that suprem court had to uproot the trueth which had been expensive from the economic Management Team to ghanaians for us to know the true state of the economy.

government is not telling us the trueth and she must be forced by the laws of the land to give us the honest Picture of the economy.

and the economic handlers must also be forced to give us the realistic solution to the Problems to Show us that they are more than compitent to hold those positions and deserve the monthly salary they paid themselfs
Hard Listeners 9 years ago

when you are told how much of your money you can withdraw or use per a time limit, you certainly get an unstable currency. It's like our leaders don't gather info from outside the country. This is what took place in Greece, S ...
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when you are told how much of your money you can withdraw or use per a time limit, you certainly get an unstable currency. It's like our leaders don't gather info from outside the country. This is what took place in Greece, Spain and Portugal and everything collapsed immediately. Learn, Please learn from other mistakes done elsewhere.
Ebibiman 9 years ago

Lost country

Lost country
kwam 9 years ago

I don't think this case will not see day light, which State institution in Ghana is performing well? even the Courts are not doing well to our expectations, so are we going to send the Courts to Court? this shows how our lear ...
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I don't think this case will not see day light, which State institution in Ghana is performing well? even the Courts are not doing well to our expectations, so are we going to send the Courts to Court? this shows how our learned people are bookish! they should think outside the classroom.
Boamah 9 years ago

Why is the Supreme Court agreeing to hear every case brought before it?

Are they that bored?

Why is the Supreme Court agreeing to hear every case brought before it?

Are they that bored?
THE NATIONALIST 9 years ago

IT SHOULD EVEN BE POSSIBLE TO SEND THE GOVERMENT TO COURT FOR NOT PERFORMING IN THE INTEREST OF THE PEOPLE. CURRENT POLICIES ALLOWS ROOM FOR CORRUPTION AND PAST AND PRESENT GOVERMENTS HAVE TAKEN ADVANTAGE OF THAT TO THE DETRI ...
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IT SHOULD EVEN BE POSSIBLE TO SEND THE GOVERMENT TO COURT FOR NOT PERFORMING IN THE INTEREST OF THE PEOPLE. CURRENT POLICIES ALLOWS ROOM FOR CORRUPTION AND PAST AND PRESENT GOVERMENTS HAVE TAKEN ADVANTAGE OF THAT TO THE DETRIMENT OF THE NATION.
Kojo Ghana 9 years ago

And the court wants to hear this case?

And the court wants to hear this case?

Supreme Court to hear cedi case

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