Pensions Authority chases defaulting companies

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• The mask 9 years ago

  A stupid Indian Professor is calling for the scrapping of the cedi as legal tender. This is the most stupid advice thus far.
  
  Ghana has a market economy. Ghana is not an OECD country. Prices of goods and services in Ghana m ...
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  A stupid Indian Professor is calling for the scrapping of the cedi as legal tender. This is the most stupid advice thus far.
  
  Ghana has a market economy. Ghana is not an OECD country. Prices of goods and services in Ghana must be determined by demand and supply.
  
  There is supply of certain currencies but absolutely no demand for those currencies. What should be the value of these currencies? These currencies include Canadian dollar, Australian dollar, Swiss Franc, Danish krone, Swedish krona, Norwegian Krone. All EU countries must transfer or bring to Ghana only Euros.
  
  The global supply of United States dollars is disturbing.
  
  On the contrary there is demand for chinese Yuan but there is no supply in Ghana.
  
  We must not forget that the role of currency is to facilitate the exchange of goods and services. That is commodity-Money-Commodity (C-M-C)

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