Too many economy experts in Ghana but most are clueless in dealing with the economic problems. It took an outsider to tell us the root of our problems.
Too many economy experts in Ghana but most are clueless in dealing with the economic problems. It took an outsider to tell us the root of our problems.
forget that! 9 years ago
WE NEED BRILLIANT MANAGERS OF THE ECONOMY. NOT CURRENCY ADOPTION GAMES. WE HAVE ENOUGH RESOURCES IN GHANA TO BE SELF-SUFFICIENT. CFA COUNTRIES STILL SUCK!
WE NEED BRILLIANT MANAGERS OF THE ECONOMY. NOT CURRENCY ADOPTION GAMES. WE HAVE ENOUGH RESOURCES IN GHANA TO BE SELF-SUFFICIENT. CFA COUNTRIES STILL SUCK!
The 9 years ago
You these NDC made so much noise about Prez Kuffour's NPP government and Ghanaians voted for you. Now you have mismanaged Ghana's economy to the extent that look at the heart breaking comments being made about Ghana's cedi. Y ... read full comment
You these NDC made so much noise about Prez Kuffour's NPP government and Ghanaians voted for you. Now you have mismanaged Ghana's economy to the extent that look at the heart breaking comments being made about Ghana's cedi. You people think communication's just talk and talk and talk and do propaganda and that runs a nation, shame on all of you in the NDC.
Ken Ntiamoa 9 years ago
is worth zilch. Do we hear that loud and clear?
Vikram Mansharaman is a cross between a Sri Lankan man and a white woman.
Ken
is worth zilch. Do we hear that loud and clear?
Vikram Mansharaman is a cross between a Sri Lankan man and a white woman.
Ken
FELA O FELA : NPP BONESHAKER 9 years ago
There is a conspiracy at work o...there is a conspiracy at work!!!
Me I say!!!!
There is a conspiracy at work o...there is a conspiracy at work!!!
Me I say!!!!
Mind 9 years ago
Good comment indeed.
Good comment indeed.
Free Thinker 9 years ago
You said it all, my brother!
I don't blame Vikram. He is just an agent.
Oh Ghana! How many rivers must we cross?
Donkomi at work! Barima Sydney where are you? Tell am again, oh!
You said it all, my brother!
I don't blame Vikram. He is just an agent.
Oh Ghana! How many rivers must we cross?
Donkomi at work! Barima Sydney where are you? Tell am again, oh!
DusTY-FooT-pHiloSophER 9 years ago
Well, I told you so ooooo, Anyemi, I told you so la....
The reminiscence of the last days of Nkrumah is a vivid and all too familiar in this episode 6 movie coming straight from Kukurudu warehouse and it show with all it ... read full comment
Well, I told you so ooooo, Anyemi, I told you so la....
The reminiscence of the last days of Nkrumah is a vivid and all too familiar in this episode 6 movie coming straight from Kukurudu warehouse and it show with all it characteristics up till date, I beg ooo.
dick 9 years ago
it is simple. ghana should join the dollar or pounds zone to stabilize the economy
it is simple. ghana should join the dollar or pounds zone to stabilize the economy
DusTY-FooT-pHiloSophER 9 years ago
So, when did you realise this feat?
So, when did you realise this feat?
GHFUO: nyantakyi, 1/9aa must go ASAP! 9 years ago
WO MAAME TW3...WHO IS ENTERTAINING THIS SON OF A BITCH IN GH? TAKE UR CURENCY CHANGE SUGGESTION TO BANGLADESH U PIECE OF SHIT. U WANNA COMPARE HONG KONG TO GH? GH FOUGHT FOR INDEPENDENCE, HONG KONG DIDNT. HK IS A CITY, GH IS ... read full comment
WO MAAME TW3...WHO IS ENTERTAINING THIS SON OF A BITCH IN GH? TAKE UR CURENCY CHANGE SUGGESTION TO BANGLADESH U PIECE OF SHIT. U WANNA COMPARE HONG KONG TO GH? GH FOUGHT FOR INDEPENDENCE, HONG KONG DIDNT. HK IS A CITY, GH IS A COUNTRY. CHANGE THE CURRENCY TO THE DOLLAR? ARE U MAD?GO TO THE CARRIBBEAN AND CENTRAL AMERICAN NATIONS THAT USE US DOLLAR AND SEE THE NATURE OF THEIR ECONOMIES....East Timor
British Indian Ocean Territory
British Virgin Islands
East Timor
Ecuador
El Salvador
Marshall Islands
Northern Mariana Islands
Palau
Panama
Turks and Caicos Islands
Hong Kong has one of the highest per capita incomes in the world but also the highest income inequality among advanced economies.
Stephens 9 years ago
really the most less desirable person to ever have come on earth. you speak in public domain with such useless words and expect your suggestions to be taken into consideration. Arrant nonsense. Who ever is entertaining him in ... read full comment
really the most less desirable person to ever have come on earth. you speak in public domain with such useless words and expect your suggestions to be taken into consideration. Arrant nonsense. Who ever is entertaining him in Ghana is not your business. Go to the Gathereing of CEO's and business leaders and learn some lessons.
ekow 9 years ago
easy, easy man...
easy, easy man...
Kalahariman 9 years ago
The man is from bangladesh - HE SHOULD GO AND FIX THEIR CURRENCY THERE
The man is from bangladesh - HE SHOULD GO AND FIX THEIR CURRENCY THERE
kwaku new york 9 years ago
You right he's from Bangladesh fortunate enough to be a lecturer in Yale. As much as he thinks can dissect the currency of Ghana, why does his country remains one of the most poverty sriken country in the world and yet canno ... read full comment
You right he's from Bangladesh fortunate enough to be a lecturer in Yale. As much as he thinks can dissect the currency of Ghana, why does his country remains one of the most poverty sriken country in the world and yet cannot help there.? Whatever happens to the ghanaian currency we are far better than bangladesh in every aspect of human endeavor. Who invited that fool to the air? please we need better people to role with.
GHFUO: nyantakyi, 1/9aa must go ASAP! 9 years ago
..THEN ADD THE RATE OF INFLATION ON A YEARLY BASIS. MINUS NPP, NDC POLITICAL CORRUPTION, STEALING BRIGADIERS AND PROPAGANDA. IN 5 YRS, HOW MUCH WILL ABALL OFKENKEY BE?...I SAY $3.50 IF NOT MORE....A BALL OF KENKEY WILL COST M ... read full comment
..THEN ADD THE RATE OF INFLATION ON A YEARLY BASIS. MINUS NPP, NDC POLITICAL CORRUPTION, STEALING BRIGADIERS AND PROPAGANDA. IN 5 YRS, HOW MUCH WILL ABALL OFKENKEY BE?...I SAY $3.50 IF NOT MORE....A BALL OF KENKEY WILL COST MORE IN GH THAN IT DOES IN AMERICA.
Tim 9 years ago
The Prof. is entitled to his views;when there is total lack of confidence in any currency... substitution is called for...but when inflation is causing a weak currency then anti-inflationary measures are called for..Anyway,wh ... read full comment
The Prof. is entitled to his views;when there is total lack of confidence in any currency... substitution is called for...but when inflation is causing a weak currency then anti-inflationary measures are called for..Anyway,why has the world forgotten Keynesianism?or are African Economies so weak to risk full employment-.
DusTY-FooT-pHiloSophER 9 years ago
Thank you sir. Yet of course, we have an acclaimed professor from Yale preaching otherwise in here. What a dishonest soul to his academia of a profession and to his prominent university as well!
Thank you sir. Yet of course, we have an acclaimed professor from Yale preaching otherwise in here. What a dishonest soul to his academia of a profession and to his prominent university as well!
GHFUO: nyantakyi, 1/9aa must go ASAP! 9 years ago
OFFICIAL DOLLARIZATION OF THE GH ECONOMY WILL DESTROY THE NOTION OF BURGERS IN GH. NO BURGER IN EUROPE OR N AMERICA WILL COME TO GH AND SPLURGE LIKE WE KNOW THEY ARE USED TO DOING. THE BURGERS WONT EVEN COME TO GH. WEN THEY C ... read full comment
OFFICIAL DOLLARIZATION OF THE GH ECONOMY WILL DESTROY THE NOTION OF BURGERS IN GH. NO BURGER IN EUROPE OR N AMERICA WILL COME TO GH AND SPLURGE LIKE WE KNOW THEY ARE USED TO DOING. THE BURGERS WONT EVEN COME TO GH. WEN THEY COME. U WONT EVEN SEE THEM.....
SAMO JEWELLERY 9 years ago
Call or whatsapp us on 0244717600 to send you latest pictures of yellow n white wedding n engagement gold rings to choose from.....can also search samo jewellery on facebook,instagram,twitter for more pictures to choose from. ... read full comment
Call or whatsapp us on 0244717600 to send you latest pictures of yellow n white wedding n engagement gold rings to choose from.....can also search samo jewellery on facebook,instagram,twitter for more pictures to choose from....the price of three (3) set ranges from 1300gh to 1800gh for 18 karat gold n 1000gh to 1400Gh for 14 karat gold....dough gold price at world market is stable with the dollar rate but in ghana the price is just moving upwards (galloping) everyday....so the earlier the better if u are planning for wedding or engagement later this year ....link up now.....we also have silver rings n gold alternative...
Mind 9 years ago
You've got your eye on the ball. All we have to do is stop listening to these sinister foreigners. We must not even give them airtime or any time of the day.
You've got your eye on the ball. All we have to do is stop listening to these sinister foreigners. We must not even give them airtime or any time of the day.
TO THE POWERS THAT BE 9 years ago
Here they come again. Let the powers that be know that Ghana is now alert on their manipulations. Where was this guy just befor the economic downturn that hit the USA first. Oburoni e, di wofie as3m. Leave Africa alone, pleas ... read full comment
Here they come again. Let the powers that be know that Ghana is now alert on their manipulations. Where was this guy just befor the economic downturn that hit the USA first. Oburoni e, di wofie as3m. Leave Africa alone, please. Enough is enough! Go suggest that to Mugabe whose country's case is worse; yet, they live on, no crisis. Leave us alone, the powers that be!
Kwadjo, London 9 years ago
I agree with you perfectly. The cedis had been mismanaged for a very long time.BoG is clueless about what is happening to the cedis.It can be done, the right people at the right places.
I agree with you perfectly. The cedis had been mismanaged for a very long time.BoG is clueless about what is happening to the cedis.It can be done, the right people at the right places.
Ostutus 9 years ago
waa bon paa-who said he pointed the root of the currency crisis
waa bon paa-who said he pointed the root of the currency crisis
Barima 9 years ago
Just becos an outsider says something does not mean it is right. The depreciation of the cedi is becos of supply and demand. Ghana wants everything from outside and has to pay using foreig currencies. Meanwhile, what we get( ... read full comment
Just becos an outsider says something does not mean it is right. The depreciation of the cedi is becos of supply and demand. Ghana wants everything from outside and has to pay using foreig currencies. Meanwhile, what we get( export) are inadequate. So we need more dollars than we have. hence depreciation of Ghana cedis. How is adopting a foreign currency going to solve the problem and who will control the currency?
Adams 9 years ago
I completely agree with you brother.
The basic economic law of supply and demand explains partly the problem Ghana is facing today and Ghana doent have a strong economy to adopt the US dollar as it's currency.
I completely agree with you brother.
The basic economic law of supply and demand explains partly the problem Ghana is facing today and Ghana doent have a strong economy to adopt the US dollar as it's currency.
Mind 9 years ago
Why do chaps like you always think the ramblings of a foreigner is truth? Your kind of ignorance is part of the reason why African has problems. Foreigners have been meddling in Ghana since Don Diego D'Azambuja and the other ... read full comment
Why do chaps like you always think the ramblings of a foreigner is truth? Your kind of ignorance is part of the reason why African has problems. Foreigners have been meddling in Ghana since Don Diego D'Azambuja and the other robbers came to Ghana in the 1400s. Grow a brain a learn something useful. Ghana does not need the comments of these foreigners who are only looking forward to enslave Ghanaians and Africans once again but this time in their own countries.
Mind 9 years ago
Since the independence of the USA, the dollar has been devalued more than the Cedi.....should we hazard a guess of 999.9%. We really first need to scrap the dollar and introduce the Cedi to the USA. Every country is trying to ... read full comment
Since the independence of the USA, the dollar has been devalued more than the Cedi.....should we hazard a guess of 999.9%. We really first need to scrap the dollar and introduce the Cedi to the USA. Every country is trying to get rid of using the dollar, so what is the reason for Ghana adopting it? Can Ghanaians with low self-esteem realise that the USA is not better than Ghana. It is like thinking a drug dealer, gangster, murderer etc. which the USA is is better than the beautiful and peaceful country like Ghana.
Kofai 9 years ago
Interesting point
Interesting point
Jacob 9 years ago
This guy sounds like an economist from NSAMANPOM university.Doesn't he know that CFA is backed by the French Franc.
This guy sounds like an economist from NSAMANPOM university.Doesn't he know that CFA is backed by the French Franc.
jk Atta 9 years ago
Adopt the Chinese currency
Adopt the Chinese currency
Kofi cedi 9 years ago
One of the best ways to win an argument is to appeal to Knowledge. In this case get a so called expert to spout rubbish you want to hear. I once met a consultant who called himself 'A bull shitter'.
Have we verified this 'ex ... read full comment
One of the best ways to win an argument is to appeal to Knowledge. In this case get a so called expert to spout rubbish you want to hear. I once met a consultant who called himself 'A bull shitter'.
Have we verified this 'expert's' credentials. Give me time I'll find a consultant that will spout the opposite.
jj 9 years ago
Stupid Prof,if Ghana has buoyant economic activities and sound financial management we can even use "leaves" as our legal tender if we choose to.
Stupid Prof,if Ghana has buoyant economic activities and sound financial management we can even use "leaves" as our legal tender if we choose to.
jj 9 years ago
You neo colonist, cedi is only a legal tender the strength of which depends on ghana's vibrant economic policies supported by sound financial management so go to hell with your short sighted analysis. Ghana needs to develop a ... read full comment
You neo colonist, cedi is only a legal tender the strength of which depends on ghana's vibrant economic policies supported by sound financial management so go to hell with your short sighted analysis. Ghana needs to develop and the cedi will get stronger with it, your analysis is from the outside instead of the inside unfortunately
Humanity 9 years ago
I disagree, Ghana should keep the cedi. I haven't watched the interview, bu I haven't read enough fundamentals/basis as to why the currency should be scrapped.
Sri Lanka has its own currency and plagued by the same problems ... read full comment
I disagree, Ghana should keep the cedi. I haven't watched the interview, bu I haven't read enough fundamentals/basis as to why the currency should be scrapped.
Sri Lanka has its own currency and plagued by the same problems as Ghana, with civil war raging in the country for over 30yrs...why is he not advising them to scrap their currency
nubian 9 years ago
spare us the patronage and stop singing the song of your paymasters.We all know what makes a currency depreciate.Lets fix that. ironically part of the blame can be laid sqaurely at the doorsteps of your payma ... read full comment
spare us the patronage and stop singing the song of your paymasters.We all know what makes a currency depreciate.Lets fix that. ironically part of the blame can be laid sqaurely at the doorsteps of your paymasters.Charity begins at home. So for starters why dont you go tell your ilk in some struggling european countries to abundon the euro and go for the dollar.Never have i heard such crap from an ivy league university professor.he was probably high on cannabis.By the way germany's deutschmark was far weaker than the cedi after WWII did they adopt the US dollar? No.They were saved by the Marshall plan from your forebears.admittedly with a dose of hard work and industrialization which is what we need to do.Or is the case that ghaanaians carry the wrong complexion and dont qualify for such 'largesse'? insulting and Amazing utterances. He should be given a communal beating before he leaves the shores of the this country.I however do not blame him. i blame his hosts who think any light skinned bloke is imbued with wisdom.
Substitute Teacher 9 years ago
Why do we result to insults when somebody is asked a question and he answers the best way he knows how? The man realizes how incompetent our economic managers are that is why he is making that suggestion. Can he go to say "US ... read full comment
Why do we result to insults when somebody is asked a question and he answers the best way he knows how? The man realizes how incompetent our economic managers are that is why he is making that suggestion. Can he go to say "USA" and tell them to abandon their currency? Our retarded leaders have put us in a place where any retard from anywhere can come and tell us how to manage our affair. We just added oil revenue to our resources and look at what is happening.
WILL ACCRA 9 years ago
MR YELE IS RIGHT WHEN MAHAMA TELL US TO USE OUR LOCAL CEDI IN TEMA PORT THEY CHARGE YOU DOLLAR,HOTELS EVERY WHERE DOLLAR THIS USELESS MAHAMA HAVE KNOW SOLUTION FOR OUR ENCONOMY THE CEDIS HAS BECOM VERY USELESS THE ANY CURRE ... read full comment
MR YELE IS RIGHT WHEN MAHAMA TELL US TO USE OUR LOCAL CEDI IN TEMA PORT THEY CHARGE YOU DOLLAR,HOTELS EVERY WHERE DOLLAR THIS USELESS MAHAMA HAVE KNOW SOLUTION FOR OUR ENCONOMY THE CEDIS HAS BECOM VERY USELESS THE ANY CURRENCY THE COUNTRY THAT WE HAVE EVEYTHING THAT CAN MAKES PROUD HAS NOW BEGGEING IF WE CAN MANAGE OUR AFFAIRS MR YALE WILL NOT TELL US WHAT TO DO BUT THIS BRAINLESS MAHAMA HAVE KNOW IDEA.
Mind 9 years ago
What does an USA classroom so-called doctor know about Ghanaian problems? Will Ghanaians ever stop being so gullible?
What does an USA classroom so-called doctor know about Ghanaian problems? Will Ghanaians ever stop being so gullible?
KOFI USA 9 years ago
Panama has being using US dollar for ages but have they develop? They are still the same. US dollar is not the solution to Ghanas problem. Until we stop the corruption nothing will work. The civil servants are more corrupt th ... read full comment
Panama has being using US dollar for ages but have they develop? They are still the same. US dollar is not the solution to Ghanas problem. Until we stop the corruption nothing will work. The civil servants are more corrupt than politicians. those working at tema port.......etc
Jo 9 years ago
The Yale professor is right. However, I agree also with your comments: let's stop corruption and stealing of government money and things will get better!! May be we can employ this prof. to come and help us. There is no shame ... read full comment
The Yale professor is right. However, I agree also with your comments: let's stop corruption and stealing of government money and things will get better!! May be we can employ this prof. to come and help us. There is no shame in it.
Sankofa-Gye Nyame 9 years ago
OMG, OMG, OMG!!!!
WHAT THE FCUK IS WRONG WITH MY BELOVED PEOPLE?
Why are Ghanaians so retarded and gullible? These kinds of people have been meddling in Ghana and running Ghana for the past 600 years and you want to em ... read full comment
OMG, OMG, OMG!!!!
WHAT THE FCUK IS WRONG WITH MY BELOVED PEOPLE?
Why are Ghanaians so retarded and gullible? These kinds of people have been meddling in Ghana and running Ghana for the past 600 years and you want to employ him? WHAT THE FCUK IS WRONG WITH MY BELOVED PEOPLE?
We have many more competent and cleverer Ghanaians than this idiot who have not been paid to come to Ghana and sell this nonsense because they will not sell their country to these greedy foreign vultures. I'm trying not to be ashamed of you.
Do you understand anything about applied economics?
Do you understand anything about geopolitics and its present issues?
Do you believe this idiot because he is pale-faced and claims he has a doctorate degree? Do you know the nature of such a degree?
Do you know the bible story of God and creating is all a lie and the second coming of Christ is what these Europeans are working towards?
DO you know that all these foreign vultures want is to take over your land and enslave you like they did to your ancestors over 500 centuries?
Do you know that first they came with the worthless bible and alcohol to take gold and eventually people and now they want to bring in worthless dollars to take oil and enslave you?
Do you know these people are not even Christians and do not believe in the teachings of the bible their ancestors brought to Ghana to enslave our ancestors?
If you are ready to become a slave them continue embracing these vultures?
What the hell is wrong with some black people who are always looking to white people to solve our problems when they are the ones causing the problems and stealing our wealth? They always give these terrible advise and many times with adverse constraints and when the African nations fail, they lame our corrupt politicians, when it is the foreign vultures who are the most corrupt and bribe our leaders or kill those they do not like by instigating overthrows of governments.
Are you aware these foreign vultures are all about exterminating black people from the face of the earth with the diseases, hoaxes like HIV/AIDS?
Our ancestors who died in slavery, died fighting for independence and are still dying fighting to keep our land will be ashamed of you and will curse you if you let all their hard work be in vain.
When they had their way in South Africa, you can see what happened with their evil ways. They kept black people slaves even in our own land.
When you go online, go onto youtube and research. Just type in "USA and the dollar" as a starting point and all will start coming to you. See how useful the dollar or these educated people are. Learn and contribute to Ghana and Africa's development and do not expect some pale-faced hawks and vultures to do it for you.
Michael, Accra 9 years ago
You will be backward for another 600 years if we do not bring in experts from abroad to help us. After all we borrow money from them and majority of Ghanaians including you would like to go and live abroad.
You have appoi ... read full comment
You will be backward for another 600 years if we do not bring in experts from abroad to help us. After all we borrow money from them and majority of Ghanaians including you would like to go and live abroad.
You have appointed men and woman as ministers and MPs who are nothing but thieves
Mind 9 years ago
This idiotic foreigner is not answering the question the best way he can. He has an agenda to promote with the propaganda he is introducing. Some stupid Ghanaians will think he is right because he is of lighter hue and will r ... read full comment
This idiotic foreigner is not answering the question the best way he can. He has an agenda to promote with the propaganda he is introducing. Some stupid Ghanaians will think he is right because he is of lighter hue and will readily buy into the idea of having the worthless dollar that is held together artificially, which most nations like China, Russia etc. have been rejecting for business transactions.
These foreign propagandists will easily get these retarded Ghanaians to support political parties to introduce this worthless dollar of a decomposing and dying empire. They have been doing these kinds of things for centuries, since Don Diego D'Azambuja in the 1400s and its time for Ghanaians to wise up and stop listening to these vultures coming to our land. We need to clamp down on these retarded views from academicians, who people think are bright but are only useful in the classroom and not in real life or industry.
There is a reason why these people remain in academia. They are always behind time and deal with the world in a historic manner as what they learn in their theoretical endeavours changes well before they ever manage to publish them. They are never really useful to the real world as their publications come from what people are already doing, which in many cases gets revised with current market conditions.
If the idiotic foreigner cannot say in the USA that they should scrap their currency, it is because he is aware he will be terrorised or killed. They killed Gadafi because he wanted to get rid of the dollar in Libyan business.
jj 9 years ago
So sad!!
So sad!!
Mind 9 years ago
I agree with you. The idiot is high on the legalised pot in the USA. They will soon start the campaign to legalise all forms of shit soon. There is nothing wrong with the Cedis. Just the beginning of their propaganda. It will ... read full comment
I agree with you. The idiot is high on the legalised pot in the USA. They will soon start the campaign to legalise all forms of shit soon. There is nothing wrong with the Cedis. Just the beginning of their propaganda. It will fail and we will kick all these shills out with visa bans for 10 years, if they talk in a manner to subvert the economy. We do not need them. African solutions for African problems.
jj 9 years ago
Love your reasoning
Love your reasoning
Asiwome 9 years ago
Why not the British Pound or the Canadian Dollar, after all Ghana is still part of the British "common-wealth" of States. Have a good day.
Why not the British Pound or the Canadian Dollar, after all Ghana is still part of the British "common-wealth" of States. Have a good day.
blackstar 9 years ago
Then why won't they give us visa?
Then why won't they give us visa?
mocking _blacks 9 years ago
but who is this man professor.i think this man must be an arab or persian. Avery very stupid man to tell we Ghanaians what to do.
Who is this white man with a jet-black hair. He is not even a pure white. He is a shit.
but who is this man professor.i think this man must be an arab or persian. Avery very stupid man to tell we Ghanaians what to do.
Who is this white man with a jet-black hair. He is not even a pure white. He is a shit.
Wiseone 9 years ago
Childish rant! You can disagree with someone without hurling insult at them.
Childish rant! You can disagree with someone without hurling insult at them.
Citizen 9 years ago
Thanks a lot. These are the sort of people we have in the country.
Thanks a lot. These are the sort of people we have in the country.
TIJANI 9 years ago
its because of people like you the country is for granted. I am not violent, but there should be someone bold enough to turn him off. his comment and suggestion is irritating. he sounds like he is mocking the country
its because of people like you the country is for granted. I am not violent, but there should be someone bold enough to turn him off. his comment and suggestion is irritating. he sounds like he is mocking the country
A Benyin 9 years ago
Mocking, you are an ass hole. What has black hair got to do with the above? If you have nothing sensible to contribute, leave mature people alone to make thought provoking analysis without interjecting in your infantile crap. ... read full comment
Mocking, you are an ass hole. What has black hair got to do with the above? If you have nothing sensible to contribute, leave mature people alone to make thought provoking analysis without interjecting in your infantile crap. Professor Mansharamani, at least is giving his opinion. That is how advance nations move forward. They use their brains not curse words.
Sankofa-Gye Nyame 9 years ago
Fellow brothers and sisters. Go onto the great YOUTUBE and research. Just type in "USA AND THE DOLLAR" as a starting point and knowledge will start coming to you. See how useful the dollar is to these educated people in the U ... read full comment
Fellow brothers and sisters. Go onto the great YOUTUBE and research. Just type in "USA AND THE DOLLAR" as a starting point and knowledge will start coming to you. See how useful the dollar is to these educated people in the USA, to Ghana and to you. Do not take this so-called educated person's word for it but do your own learning and contribute to Ghana and Africa's development. Don't expect some pale-faced hawks and vultures to do it for you.
kk 9 years ago
You won't even be quiet for someone to pump some sense into your small brain?
You won't even be quiet for someone to pump some sense into your small brain?
Kojo Ghana 9 years ago
I want to hear it then I can make a decision.
I want to hear it then I can make a decision.
truth 9 years ago
will do that for them. serious business.
will do that for them. serious business.
kofi 9 years ago
There are fundamental issues we need to address as a Nation. Why is it that nothing works since independence?
1. The nation's fortunes are paralyzed.
2. Our education system is not working to the extent that a Head of State ... read full comment
There are fundamental issues we need to address as a Nation. Why is it that nothing works since independence?
1. The nation's fortunes are paralyzed.
2. Our education system is not working to the extent that a Head of State who was overseeing the nation's education sent his children to read overseas.
3. The health service is on its knees; to the extend that a President had to travel to seek treatment from outside country and a minister had to die and from from elsewhere.
4. The cedi is a rot currency; to the extend that even the Government makes quotations in Dollars. Market women will only accept Dollars or Euro or Pounds. Ebei!!!
a. Have anyone seen a star that is black in the sky shinning? So the philosophy around the black star from independence is defeat, defeat and defeat! Why not a yellow star emerging from black background? No one thinks about this.
b. If you continue to fix your economy using the US dollar or the Pound stealing, then what was the essence of changing the Pound for Cedi? No one thinks about that but to abuse the young Yale professor as they do to everybody that has good ideas for Ghana.
c. If unemployment number is rising every year-on-year, what is the essence of lowering the number of years students have to study to know better and get mature for work; better than producing half-backed graduates that can't construct a sentence right? The best antidote to unemployment is to increase the years in school to give room to plan for those already not employed!
GHANAIANS MUST THINK AND STOP THE UNNECESSARY POLITICS! So the Senche forum could not come out with these fundamentals that needed corrections?
ABEIKU 9 years ago
Kofi,
I'm with you 100%
Kofi,
I'm with you 100%
koffi 9 years ago
What makes a currency to be strong is what reserve of mineral you have, with Gold at your deposit you can print money against it, but unfortunate the Gold mining in Ghana, is sucks, ask me, do Government have Gold reserve, mi ... read full comment
What makes a currency to be strong is what reserve of mineral you have, with Gold at your deposit you can print money against it, but unfortunate the Gold mining in Ghana, is sucks, ask me, do Government have Gold reserve, mining companies pays u paper money they print in their country and you give your Gold to them, hahahahah, that is one point.
Second our systems are not automated money and people are working together whiles computer and people must work, because where the trace of money corruption will definitely going to be there, if not every services at least the highest income generating point, must be automated and money moves directly to country confers...
Third, Human development is sucks, look at our schools, even people given scholarship dont want to come back, because they advise or will not be place on the right sector to work, even training in the country is nothing to write home about, KNUST,UCC,UG,etc, how many of those universities professors produce something for Ghanaian's to use, its a question to be ask, so imagine what they are going to teach the student. another things is all graduate irrespective their field they all are posted to SHS even some force to move they because no job.
Awareness must start from kindergarten .they are lot of issues l can raise,
courkofi@gmail.com is my mail, Youth in Agric project, if interested email me.
AdwenKwame 9 years ago
the cedi has depreciated by something like 35000 percent, not 99 percent. Clearly shows that the man does not know shit!
the cedi has depreciated by something like 35000 percent, not 99 percent. Clearly shows that the man does not know shit!
Ostutus 9 years ago
from January through the end of July the cedis has fallen more than 99% visa vis the dollar- how could it have fallen 99% since 1950 something. Did the Professor depreciate some of the devaluation.
It would be hopeless to ... read full comment
from January through the end of July the cedis has fallen more than 99% visa vis the dollar- how could it have fallen 99% since 1950 something. Did the Professor depreciate some of the devaluation.
It would be hopeless to adapt another country's currency or peg the cedi to a foreign currency like China.
DDKT 9 years ago
Check ur facts
Check ur facts
Sankofa-Gye Nyame 9 years ago
The foreign vulture did not state anything about aggregate depreciation according to the article. Why try to cover-up his deficiency and incompetence?
Fellow brothers and sisters. Go onto the great YOUTUBE and research. Ju ... read full comment
The foreign vulture did not state anything about aggregate depreciation according to the article. Why try to cover-up his deficiency and incompetence?
Fellow brothers and sisters. Go onto the great YOUTUBE and research. Just type in "USA AND THE DOLLAR" as a starting point and knowledge will start coming to you. See how useful the dollar is to these educated people in the USA, to Ghana and to you. Do not take this so-called educated person's word for it but do your own learning and contribute to Ghana and Africa's development. Don't expect some pale-faced hawks and vultures to do it for you.
Kojo 9 years ago
It is impossible for something to depreciate by more than 100%. Depreciation is a measure of reduction value so if a currency is completely worthless it has depreciated 100%. What you are referring to is percentage increase ... read full comment
It is impossible for something to depreciate by more than 100%. Depreciation is a measure of reduction value so if a currency is completely worthless it has depreciated 100%. What you are referring to is percentage increase in the exchange rate.
Monroe 9 years ago
Vikram should conduct much research on adaption of currency especially on Liberia which used the dollar as legal tender since formation of Liberia until early 1990s when the Military gov't headed by Samuel Doe changed the dol ... read full comment
Vikram should conduct much research on adaption of currency especially on Liberia which used the dollar as legal tender since formation of Liberia until early 1990s when the Military gov't headed by Samuel Doe changed the dollar to the Liberian local currency. Before then Liberia was behind in developments relative to Ghana.
BAFFOUR -- YAW 9 years ago
Ghana at stage can not survive alone because of the CFA currency ,option now to join west africa countries with common destiny and that will be the ecowas money.
Ghana at stage can not survive alone because of the CFA currency ,option now to join west africa countries with common destiny and that will be the ecowas money.
CALM 9 years ago
the dollar easily exposes the incompetence and criminality of the NDC government so they hate it big time.....
the dollar easily exposes the incompetence and criminality of the NDC government so they hate it big time.....
The mask 9 years ago
This Professor does not understand macroeconomics. 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 s ... read full comment
This Professor does not understand macroeconomics. 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)
Ostutus 9 years ago
hmm masa you be pure textbook ---from a practical standpoint who in Ghana wanna buy the Chinese (which is pegged against the dollar at 6.1475 Yuan per dollar) -isn't it more convenient to get the dollar than any other currenc ... read full comment
hmm masa you be pure textbook ---from a practical standpoint who in Ghana wanna buy the Chinese (which is pegged against the dollar at 6.1475 Yuan per dollar) -isn't it more convenient to get the dollar than any other currency anywhere in the world?
the demand for the Euro dollar is artificial -backed by anti American sentiments. We'd see in the very very long run how the Euro chases the dollar out of the international market.
Joe 9 years ago
Competence is what we need which we lack in this country. When you entrust the governance of a nation to SCHOOL BOYS without experience that is what you get.
Competence is what we need which we lack in this country. When you entrust the governance of a nation to SCHOOL BOYS without experience that is what you get.
Ostutus 9 years ago
I'm sure the professor could've juxtaposed Ghana situation to Turkey the only difference is that Turkey phased out 6 zeroes while Ghana only removed 4 zeroes-
one million Turkish lira became 1 New Lira.
I'm sure the professor could've juxtaposed Ghana situation to Turkey the only difference is that Turkey phased out 6 zeroes while Ghana only removed 4 zeroes-
one million Turkish lira became 1 New Lira.
nanaba 9 years ago
I agree with the professor. Ghana should adopt either the pound or dollar. Our cedi is dieing from suffocation
I agree with the professor. Ghana should adopt either the pound or dollar. Our cedi is dieing from suffocation
Adiatogbor 9 years ago
Even adopting the almighty pound sterling will not help matters when we import tooth picks, coffins, nkatie buggar and all manner of things. We import almost everything and export few.Take the example of these oil sharks who ... read full comment
Even adopting the almighty pound sterling will not help matters when we import tooth picks, coffins, nkatie buggar and all manner of things. We import almost everything and export few.Take the example of these oil sharks who are granted licenses to import refined petrol from Holland, where TOR is no more refining oil for our use. These oil sharks import almost $300 million worth of petrol a week and that alone puts pressure on the cedi. There is so much leakage in our revenue mobilization drive, where tax money goes to individual pockets. Talk of ECG where those Indians and Lebanese at the industrial area, melting rubber pay peanuts as electricity bills because there are crooks at ECG that take money and reduce the units the factory consumes. Talk of illegal connection and other dubious deals at Ghana water. Talk of abuse in these govt coupons for fuel and other things. Govt should be blamed, but as individuals, let us patronize local products and until that is done, adopting the strongest currency cannot avert such problems.
adu 9 years ago
infact prez Mahama throw away cedi.
infact prez Mahama throw away cedi.
Ostutus 9 years ago
professors tell us every now and then that no one can become richer just by exchanging money due to PPP (Purchasing Power Parity)and the exchange rate differential- I'd would be more than three times richer by now if I had st ... read full comment
professors tell us every now and then that no one can become richer just by exchanging money due to PPP (Purchasing Power Parity)and the exchange rate differential- I'd would be more than three times richer by now if I had stached some dollars under the bed from the time Mahama was sworn in.
inflation didn't rise by the same rate.
just by sitting around and doing nothing I'd have trippled my dollar assets.
guy guy 9 years ago
My brother you said it all, buying foreign exchange especially the euro has been my strategy for time value analyses for my income in this current Mahama driven crisis... u mind is sharp like mine, cn we link up tru sum mediu ... read full comment
My brother you said it all, buying foreign exchange especially the euro has been my strategy for time value analyses for my income in this current Mahama driven crisis... u mind is sharp like mine, cn we link up tru sum medium and share more ideas?
HBA 9 years ago
He said a country like Hong Kong is doing well currently because it abandoned its local currency for the US Dollar,
=======================================
Hong Kong Has it's own currency the Hong Kong dollar. It is exchang ... read full comment
He said a country like Hong Kong is doing well currently because it abandoned its local currency for the US Dollar,
=======================================
Hong Kong Has it's own currency the Hong Kong dollar. It is exchanged at 7.750 to the US dollar. Every jackass thinks they are qualified to lecture Africa about anything.
Georgee 9 years ago
Our problem has been created by the massive looting that has taken place by the current government. There is nothing wrong with the Cedi.
Our problem has been created by the massive looting that has taken place by the current government. There is nothing wrong with the Cedi.
Naija boy 9 years ago
The cedi is shit!
The cedi is shit!
Magani 9 years ago
Nonesense,what a bogus Analysis.What about the Dollar(US)?How many percent has it lost its value?The Doullar is only surviving,b`cos it is being used as International Trade Currency,imposed upon Countries.Anyone who tries not ... read full comment
Nonesense,what a bogus Analysis.What about the Dollar(US)?How many percent has it lost its value?The Doullar is only surviving,b`cos it is being used as International Trade Currency,imposed upon Countries.Anyone who tries not to will be eliminated.(Sadam as an example)
Mr. Mensah 9 years ago
The value of Ghana money it is not because it is called cedi but directly related to structure and health of the economy. I am ashamed if professional of his statutes give such an unpractical suggestions. Can he tell us the ... read full comment
The value of Ghana money it is not because it is called cedi but directly related to structure and health of the economy. I am ashamed if professional of his statutes give such an unpractical suggestions. Can he tell us the processes what Ghana must do and at what cost we can change the Ghana cedi to another currency . Anyway is he aware of the currency for ECOWAS countries in the offing or he is just from the moon looking at our problem from independence and giving us advise.
Abeeku Mensah 9 years ago
The professor is the latest to confirm that classroom earned degrees is not synonymous with wisdom. The value of Ghana's cedi depreciates because of a whole host of factors the least of which is our credit worthiness. The pr ... read full comment
The professor is the latest to confirm that classroom earned degrees is not synonymous with wisdom. The value of Ghana's cedi depreciates because of a whole host of factors the least of which is our credit worthiness. The professor seems to think that Ghana can continue going down the path of excessive borrowing with shrinking natural, minerals and human resources and would still enjoy the value of the US dollar or British pound if we chose one of those for our legal tender. In essence the professor is taking the round about ways of telling Ghana our independence was a sham and we deserve to live under the dictates of one of the civilized industrial nations of the world. He is very much aware that by adopting one of those currencies, Ghana will be forced to meet rigid standards to maintain the value of the new currency we choose; a rather underhanded way of telling Ghanaians we are not mature to be masters of our own destiny.
Kalahariman 9 years ago
Mr Yale investor and Lecturer - adopting a new currency is not the answer - have you been speaking with Kufour? He made it 90 pesewas to $1:00 today it is almost 4 cedis to a dollar. The problem is productivity - the country ... read full comment
Mr Yale investor and Lecturer - adopting a new currency is not the answer - have you been speaking with Kufour? He made it 90 pesewas to $1:00 today it is almost 4 cedis to a dollar. The problem is productivity - the country never invested in infrasctructure upgrade - water, electricity, oil refinery etc...i hope Ghana did not pay you $40,000 for you BS advise.
BOY KOFI 9 years ago
I have always asked this question, why the CFA is always stable even though we produce and export more than many of these Francophone African countries.This is pure geopolitics and geostrategy that we seldom look at.Thank you ... read full comment
I have always asked this question, why the CFA is always stable even though we produce and export more than many of these Francophone African countries.This is pure geopolitics and geostrategy that we seldom look at.Thank you.
Kalahariman 9 years ago
Dr Kwame Nkrumah will turn in his grave to hear this nonesense
Dr Kwame Nkrumah will turn in his grave to hear this nonesense
Kalahariman 9 years ago
CFA is acceptable among the Francophone countries - one thing for sure Ivory Coast exports more cocoa than Ghana
CFA is acceptable among the Francophone countries - one thing for sure Ivory Coast exports more cocoa than Ghana
BOY KOFI 9 years ago
There are many coutries in Africa who do not produce or export cocoa but their currency is not depreciating so fast like the Cedi.Do we have to depend on foreign currency to survive or not? That is the question.Thank you.
There are many coutries in Africa who do not produce or export cocoa but their currency is not depreciating so fast like the Cedi.Do we have to depend on foreign currency to survive or not? That is the question.Thank you.
Kalahariman 9 years ago
You will have to if you import more than than you export - it is called balance of trade.
You will have to if you import more than than you export - it is called balance of trade.
BOY KOFI 9 years ago
The question here is are we going to keep the cedi that keeps depreciating everyday or should we abandon it and depend on foreign reserve like the Francophone countries who depend on Banque de France for CFA? Thank you.
The question here is are we going to keep the cedi that keeps depreciating everyday or should we abandon it and depend on foreign reserve like the Francophone countries who depend on Banque de France for CFA? Thank you.
DusTY-FooT-pHiloSophER 9 years ago
Before you two Amigo go a wild goose chase by lecturing over the comfort zone accolade to the CFA before the media, do well to seek a detailed information about the currency you're both forcefully preaching to ascertain its p ... read full comment
Before you two Amigo go a wild goose chase by lecturing over the comfort zone accolade to the CFA before the media, do well to seek a detailed information about the currency you're both forcefully preaching to ascertain its pros and cons before making any further broadcasting on that subject. Get it, folks?
Well, a quick question for you two and that's, which country solely intervene in the destabilization of the Ivory Cost in recent memory?
GHFUO: nyantakyi, 1/9aa must go ASAP! 9 years ago
SO FRANCE ACTS AS AN IMF TO THESE CFA USING AFRICAN NATIONS. FRANCE DETERMINES HOW MUCH OF THE CURRENCY IS USED BY EACH COUNTRY AND UNDER WHAT CONDIOTIONS ETC.....UNLIKE GH. THE BANK OF GH CAN PRINT AND FLOOD THE COUNTRY WITH ... read full comment
SO FRANCE ACTS AS AN IMF TO THESE CFA USING AFRICAN NATIONS. FRANCE DETERMINES HOW MUCH OF THE CURRENCY IS USED BY EACH COUNTRY AND UNDER WHAT CONDIOTIONS ETC.....UNLIKE GH. THE BANK OF GH CAN PRINT AND FLOOD THE COUNTRY WITH TOO MANY CEDIS. THE MORE CURRENCY YOU PRINT, THE MORE UR CURRENCY DEVALUES. ADD THIS TO THE RATIO OF GDP, EXPORT/IMPORT, EMPLOYMENT, INFLATION, TAXATION, DEFICIT REDUCTION, GOVT LOANS/BORROWING,SPENDING, NATIONAL SAVINGS/TREASURY AND DAT SHOULD GIVE U AN IDEA OF THE STRENGTH OF THE CEDI...IN GHANA'S CAS MOST OF THESE INSTRUMENTS ARE IDLE OR SIMPLY BEEN LEFT TO ROT. HENCE THE GROSS DEPRECIATION OF THE CEDI. LOOK AT THE AMOUNT OF MONEY NDC HAS BORROWED SINCE IT TOOK OVER MINUS THE PAYMNTS MADE ON THE NATIONAL DEFICIT? HUH?
Vernon 9 years ago
Other bodies can manage the cedi better than we are doing now
Other bodies can manage the cedi better than we are doing now
KOKI 9 years ago
...Not at all! The problem is leadership! Second corruption and not the cedi as legal tender!
...Not at all! The problem is leadership! Second corruption and not the cedi as legal tender!
NATIONAL DEMONS COMPANY (NDC) 9 years ago
GHANA PAA NI ? Square pegs on Round Hole
GHANA PAA NI ? Square pegs on Round Hole
nonsense corrector 9 years ago
Ghana's problem is it's commodity base industrially deficient economic structure structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the povert ... read full comment
Ghana's problem is it's commodity base industrially deficient economic structure structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the poverty in New Haven off the Yale campus (where incidentally blacks are the majority community) before pontificating about Ghana -
nonsense corrector 9 years ago
Ghana's problem is it's commodity based industrially deficient economic structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the poverty in New ... read full comment
Ghana's problem is it's commodity based industrially deficient economic structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the poverty in New Haven off the Yale campus (where incidentally blacks are the majority community) before pontificating about Ghana
Joe 9 years ago
It's funny how we are willingly adopting others but never ours. From brainwashing us from our traditional religion to now adopting a white man currency. Yale is no better than Legon. What makes this guy special to lecture us ... read full comment
It's funny how we are willingly adopting others but never ours. From brainwashing us from our traditional religion to now adopting a white man currency. Yale is no better than Legon. What makes this guy special to lecture us on our currency. It's about time we start appreciating our own and take pride.
JB Osei-Brown 9 years ago
Even though I do not agree with the Lecturer, I do not agree with you either on the qualities of Yale and Legon.
By every standards, Yale is 90% better than Legon (of today): most Legon students cannot construct basic se ... read full comment
Even though I do not agree with the Lecturer, I do not agree with you either on the qualities of Yale and Legon.
By every standards, Yale is 90% better than Legon (of today): most Legon students cannot construct basic sentences without mistakes, do not actually learn but cheat (copy / purchase exams from lecturers, sleep with lecturers and obtain exams etc)
Federation 9 years ago
You're ABSOLUTELY right. Thank you
You're ABSOLUTELY right. Thank you
wang 9 years ago
shut up okay. professor indeed.
shut up okay. professor indeed.
ROBERT 9 years ago
We do not have to wait. Otabil has said it. The Cedi has its own mind. Mahama must be bold. Adopt the Dollar now. You will be the best in the region. You are fighting with your small country
We do not have to wait. Otabil has said it. The Cedi has its own mind. Mahama must be bold. Adopt the Dollar now. You will be the best in the region. You are fighting with your small country
A. Martin K. Battor 9 years ago
The use of Cedi as a legal tender is not the woe of Ghana economy. Togo adopts Francophone CFA but Ghana is better than Togo.
Ghana ailing economy is as a result of lack visionary leaders in the various sectors, more impor ... read full comment
The use of Cedi as a legal tender is not the woe of Ghana economy. Togo adopts Francophone CFA but Ghana is better than Togo.
Ghana ailing economy is as a result of lack visionary leaders in the various sectors, more imports than export, Partisan politics, ethnocentrism, favoritism, nepotism and poor attitude to work.
Until we all get on board to fight these, ....
Africa 9 years ago
The cedi MUST REMAIN. All nations have to struggle with their currency until the learn to maintain its value. Ghana like many other great nations should struggle and eventually we will learn to maintain the value of the Ced ... read full comment
The cedi MUST REMAIN. All nations have to struggle with their currency until the learn to maintain its value. Ghana like many other great nations should struggle and eventually we will learn to maintain the value of the Cedi. After all other major currencies have gone through periods of devaluation. Does anyone remember the days when it was said that Ghana had chosen the wrong path to development compared to Ivory Coast, Nigeria etc. Long Live Ghana and the Cedi, we will not adopt any imperialist currency. We will fight on with the Cedi and history will prove us right in the long run. Long ive the African Revolution and "God bless our homeland Ghana and the Cedi".
blackstar 9 years ago
We need to stand om our own feet. Stop corruption clean up our infrastructure. This not the US we only devalue the our money when we use other currency.
We need to stand om our own feet. Stop corruption clean up our infrastructure. This not the US we only devalue the our money when we use other currency.
John Musah 9 years ago
The US dollar is on a downward slide, propped up mainly by China. Will you ask Pres Obama to scrap the dollar as well? Why do we entertain such racist crap by empty headed people whose only accolade is because we give them fo ... read full comment
The US dollar is on a downward slide, propped up mainly by China. Will you ask Pres Obama to scrap the dollar as well? Why do we entertain such racist crap by empty headed people whose only accolade is because we give them forums in Arica to perpetuate their racism.
We will keep the Cedi.
Longo Live Ghan a.
SAM 9 years ago
THIS GUY CLEARLY MEANS THAT GHANA'S LEADERS LACK THE BRAIN POWER TO IDENTIFY AND SOLVE THE PLETHORA OF GHANA'S SOCIO-ECONOMIC PROBLEMS.
EVEN FOLLOWING CHINA'S HANDOUTS TO HOPELESS AFRICAN LEADERS, OBAMA RECENTLY HAD TO ASS ... read full comment
THIS GUY CLEARLY MEANS THAT GHANA'S LEADERS LACK THE BRAIN POWER TO IDENTIFY AND SOLVE THE PLETHORA OF GHANA'S SOCIO-ECONOMIC PROBLEMS.
EVEN FOLLOWING CHINA'S HANDOUTS TO HOPELESS AFRICAN LEADERS, OBAMA RECENTLY HAD TO ASSEMBLE AFRICA'S FUCKING LEADERS TO HELP THEM IDENTIFY AND SOLVE THEIR SELF-INFLICTED CORRUPTION AND OTHER PROBLEMS.
BLACK AFRICAN LEADERS ARE A HUGE DISGRACE AND EMBARASSMENT TO THE HUMAN RACE.
Hypocrites! 9 years ago
Boyapati Srinu with Sivani Guttikonda and 21 others
Real story of American Dollar v/s Indian Rupee
(Very Interesting Article MUST SHARE)
An Advice to all who are worrying about fall of Indian Rupee
Throughout the coun ... read full comment
Boyapati Srinu with Sivani Guttikonda and 21 others
Real story of American Dollar v/s Indian Rupee
(Very Interesting Article MUST SHARE)
An Advice to all who are worrying about fall of Indian Rupee
Throughout the country please stop using cars except for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is true. The value to dollar is given by petrol only.This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.
Americans understood that Petrol is equally valuable as Gold so they made Agreement with all the Middle East countries to sell petrol in Dollars only. That is why Americans print their Dollar as legal tender for debts. This mean if you don't like their American Dollar and go to their Governor and ask for repayment in form of Gold,as in India they won't give you Gold.
You observe Indian Rupee, " I promise to pay the bearer..." is clearly printed along with the signature of Reserve Bank Governor. This mean, if you don't like Indian Rupee and ask for repayment,Reserve Bank of India will pay you back an equal value of gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy comprehension I am explaining this)
Let us see an example. Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that liter petrol is one Dollar.
But Indians won't have dollars. They have Indian Rupees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal Reserve will take a white paper , print Dollars on it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy petrol.
But there is a fraud here. If you change your mind and want to give back the Dollars to America we can't demand them to pay Gold in return for the Dollars. They will say " Have we promised to return something back to you? Haven't you checked the Dollar ? We clearly printed on the Dollar that it is Debt"
So, Americans don't need any Gold with them to print Dollars. They will print Dollars on white papers as they like.
But what will Americans give to the Middle East countries for selling petrol in Dollars only?
Middle East kings pay rent to America for protecting their kings and heirs. Similarly they are still paying back the Debt to America for constructing Roads and Buildings in their countries. This is the value of American Dollar. That is why Many say some day the Dollar will be destroyed.
At present the problem of India is the result of buying those American Dollars. American white papers are equal to Indian Gold. So if we reduce the consumption of petrol and cars, Dollar will come down
The Above Details are translated originally from Telugu Language to English by Radhika Gr.
Kindly share this and make everyone aware of the facts of American Dollar V/s Indian Rupee.
And here is a small thing other than petrol , what we can do to our Indian Rupee
YOU CAN MAKE A HUGE DIFFERENCE TO THE INDIAN ECONOMY BY FOLLOWING FEW SIMPLE STEPS:-
Please spare a couple of minutes here for the sake of India.
Here's a small example:-
At 2008 August month 1 US $ = INR Rs 39.40
At 2013 August now 1 $ = INR Rs 62
Do you think US Economy is booming? No, but Indian Economy is Going Down.
Our economy is in your hands.INDIAN economy is in a crisis. Our country like many other ASIAN countries, is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation. More than 30,000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages, etc. which are grown, produced and consumed here.
A cold drink that costs only 70 / 80 paise to produce, is sold for Rs.9 and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. We have nothing against Multinational companies, but to protect our own interest we request everybody to use INDIAN products only at least for the next two years. With the rise in petrol prices, if we do not do this, the Rupee will devalue further and we will end up paying much more for the same products in the near future.
What you can do about it?
Buy only products manufactured by WHOLLY INDIAN COMPANIES.Each individual should become a leader for this awareness. This is the only way to save our country from severe economic crisis. You don't need to give-up your lifestyle. You just need to choose an alternate product.
Daily products which are COLD DRINKS,BATHING SOAP ,TOOTH PASTE,TOOTH BRUSH ,SHAVING CREAM,BLADE, TALCUM POWDER ,MILK POWDER ,SHAMPOO , Food Items etc. all you need to do is buy Indian Goods and Make sure Indian rupee is not crossing outside India.
Every INDIAN product you buy makes a big difference. It saves INDIA. Let us take a firm decision today.
we are not anti-multinational. we are trying to save our nation. every day is a struggle for a real freedom. we achieved our independence after losing many lives.
they died painfully to ensure that we live peacefully. the current trend is very threatening.
multinationals call it globalization of indian economy. for indians like you and me, it is re-colonization of india. the colonist's left india then. but this time, they will make sure they don't make any mistakes.
russia, s.korea, mexico - the list is very long!! let us learn from their experience and from our history. let us do the duty of every true indian. finally, it's obvious that you can't give up all of the items mentioned above. so give up at least one item for the sake of our country!
We would be sending useless forwards to our friends daily. Instead, please forward this to all your friends to create awareness. — with franklin and gandhi.
EZEKIEL 9 years ago
NONSENSE, Whatabout Scrapping our Independence ?? Coming from Yale IS NO GARANTEE for nonsense!!
NONSENSE, Whatabout Scrapping our Independence ?? Coming from Yale IS NO GARANTEE for nonsense!!
mr amin 9 years ago
i agree with the prof if it will work for us. the cedi has been weak n falling since time memorial. it is the single problem facing this country n the course of the economic melt down n the in creament in goods and services. ... read full comment
i agree with the prof if it will work for us. the cedi has been weak n falling since time memorial. it is the single problem facing this country n the course of the economic melt down n the in creament in goods and services.the strength of an economy depens on a strong currency. those insulting the Prof should come again. why is the CFA not depreciating? weak cedi courses corruption cos yr salary cant take u home
Mr. Mister 9 years ago
So this is what that funny looking prof came to tell us? How much did he get paid for this and by whom?
So this is what that funny looking prof came to tell us? How much did he get paid for this and by whom?
DD 9 years ago
Please send to dandzide@yahoo.com
Please send to dandzide@yahoo.com
Nana Yaw Tweneboa Asamoah,, 9 years ago
That's better idea,,as we then hand over the Nation to be Colonized again with being a subject to the country who's currency we will use,,if this is our Pride too,, .,,hahahahahahahahaha,,
That's better idea,,as we then hand over the Nation to be Colonized again with being a subject to the country who's currency we will use,,if this is our Pride too,, .,,hahahahahahahahaha,,
Ebibiman 9 years ago
Splendid
Splendid
Gyeeda 9 years ago
But we have been doing that already. NPA is paying $63,000 as rent in Ghana every month. Petrol prices are dollar-indexed. We just have not officially declared the cedi abandoned.
But we have been doing that already. NPA is paying $63,000 as rent in Ghana every month. Petrol prices are dollar-indexed. We just have not officially declared the cedi abandoned.
Dr Robert K Glah 9 years ago
An Economics Lecturer at Yale University, Dr Vikram Mansharamani, says Ghana scrap its use of the Cedi as legal tender.
That is a dead and hollow solution coming from an Economist. Let alone from Yale connection.
Let us ... read full comment
An Economics Lecturer at Yale University, Dr Vikram Mansharamani, says Ghana scrap its use of the Cedi as legal tender.
That is a dead and hollow solution coming from an Economist. Let alone from Yale connection.
Let us wait for the IMF solutions. That would not subscribe to Dr V M solution.
Dr V M is a man of complexions and his opinion is coloured by his complexions. Rubbish Dr V M.
Osei Mensah 9 years ago
Let us be practical.
Let us be practical.
Akadu Mensema 9 years ago
Nonsense! It is not the money itself. It is uue to coruption, mismanagement, etc.
Nonsense! It is not the money itself. It is uue to coruption, mismanagement, etc.
Antiochus - London 9 years ago
Are the little dwarfs with sharp teeth going to criticise this Yale professor as well.
Are the little dwarfs with sharp teeth going to criticise this Yale professor as well.
JH New York 9 years ago
The Cedi depreciation is due to many factors like: lack of strict regulations and controls? by the Bank of Ghana,and the Securities and Exchange Commission,aside from Trade imbalance, etc etc
For instance ,in order to att ... read full comment
The Cedi depreciation is due to many factors like: lack of strict regulations and controls? by the Bank of Ghana,and the Securities and Exchange Commission,aside from Trade imbalance, etc etc
For instance ,in order to attract direct foreign investment to the Country,prospective investors are promised 100 percent repatriation of profits back home.Fine ! But the question is:does the BoG or the Securities and Exchange Commission control these repatriations gradually,so as not to put unnecessary pressure on the nation's foreign Currency deposits ? Are there any form of strict regulations and Surveillance on the ground in these Foreign Banks operating in the Country,with regard to these transfers and others.
All Traders who buy their goods outside the Country, exceeding $10,000 are supposed to open Letters of Credit (L/C) through the Banks.
Under no circumstances should anyone, go out of the Country with an Amount exceeding
Gh Cedis 10,000 or dollars,pounds,or Euros. Is that the case, or that's not the case ?
It should be an offence punishable by 25 years imprisonment with hard labour to Rent your property ,or quoted your price inForeign Currency,including School Fees,Land with no exception to Foreign Missions, etc etc.
Only 4 and 5 Stars Hotels could collect foreign Currencies.The Foreign exchange Shops,if any,must be closed with immediate effect.etc. And the govt should encourage the Banks through Tax incentives to give more Loans to Entrepreneurs to revamp local production,and Agro based industries to increase Export to minimize or bridge the gap in Trade imbalance.
I think that is the way forward.
Yale University Economics Lecturer indeed !
Anyway.
kwamla adjei 9 years ago
This man is not on the faculty list of the department of economics at yale university.
This man is not on the faculty list of the department of economics at yale university.
HE`S NOT AFRAID 9 years ago
YALE PROFESSOR CALLS FOR SCRAPPING OF CEDI AS LEGAL TENDER
YALE PROFESSOR CALLS FOR SCRAPPING OF CEDI AS LEGAL TENDER
jk Atta 9 years ago
What we should be debating really is advantages and disadvantages of adopting a foreign currency vis a vis an economy that imports far more than it exports.
What we should be debating really is advantages and disadvantages of adopting a foreign currency vis a vis an economy that imports far more than it exports.
jk Atta 9 years ago
Whatever you're not capable of doing properly yourself should just be outsourced. Fair enough but are there any guarantees the outside managers will do a better job?. May be we should make a check list of all the factors that ... read full comment
Whatever you're not capable of doing properly yourself should just be outsourced. Fair enough but are there any guarantees the outside managers will do a better job?. May be we should make a check list of all the factors that need correction in the economy in order to see first of all whether we can't fix these things ourselves. If for example due to political reasons we cannot tighten our own belts then surely somebody else must be given that duty to tighten it for us, at least temporarily , until such time that we learn to live within our means. This lecturer has a point, please let's debate it objectively and cut out the emotions.
Lawrence 9 years ago
I have just said earlier today and on another media platform that Ghana simply needs a MOSES.
The stage where we need we have to put all our energy in PRAYING FOR A DELIVERER.
I have just said earlier today and on another media platform that Ghana simply needs a MOSES.
The stage where we need we have to put all our energy in PRAYING FOR A DELIVERER.
Yaw 9 years ago
Thats true
Thats true
GHFUO: nyantakyi, 1/9aa must go ASAP! 9 years ago
BURGERSB3Y3 SOFT PAA...THEY WONT EVEN VISIT GH ANYMORE. WEN THEY COME. U WONT EVEN HEAR/SEE THEM...LOL
BURGERSB3Y3 SOFT PAA...THEY WONT EVEN VISIT GH ANYMORE. WEN THEY COME. U WONT EVEN HEAR/SEE THEM...LOL
Benji 9 years ago
Same old colonialist mentality. They never give up? Do they?
Same old colonialist mentality. They never give up? Do they?
akyekyedie 9 years ago
I know this guy.He is a shoe shiner in Bangladesh.
I know this guy.He is a shoe shiner in Bangladesh.
Too many economy experts in Ghana but most are clueless in dealing with the economic problems. It took an outsider to tell us the root of our problems.
WE NEED BRILLIANT MANAGERS OF THE ECONOMY. NOT CURRENCY ADOPTION GAMES. WE HAVE ENOUGH RESOURCES IN GHANA TO BE SELF-SUFFICIENT. CFA COUNTRIES STILL SUCK!
You these NDC made so much noise about Prez Kuffour's NPP government and Ghanaians voted for you. Now you have mismanaged Ghana's economy to the extent that look at the heart breaking comments being made about Ghana's cedi. Y ...
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is worth zilch. Do we hear that loud and clear?
Vikram Mansharaman is a cross between a Sri Lankan man and a white woman.
Ken
There is a conspiracy at work o...there is a conspiracy at work!!!
Me I say!!!!
Good comment indeed.
You said it all, my brother!
I don't blame Vikram. He is just an agent.
Oh Ghana! How many rivers must we cross?
Donkomi at work! Barima Sydney where are you? Tell am again, oh!
Well, I told you so ooooo, Anyemi, I told you so la....
The reminiscence of the last days of Nkrumah is a vivid and all too familiar in this episode 6 movie coming straight from Kukurudu warehouse and it show with all it ...
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it is simple. ghana should join the dollar or pounds zone to stabilize the economy
So, when did you realise this feat?
WO MAAME TW3...WHO IS ENTERTAINING THIS SON OF A BITCH IN GH? TAKE UR CURENCY CHANGE SUGGESTION TO BANGLADESH U PIECE OF SHIT. U WANNA COMPARE HONG KONG TO GH? GH FOUGHT FOR INDEPENDENCE, HONG KONG DIDNT. HK IS A CITY, GH IS ...
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really the most less desirable person to ever have come on earth. you speak in public domain with such useless words and expect your suggestions to be taken into consideration. Arrant nonsense. Who ever is entertaining him in ...
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easy, easy man...
The man is from bangladesh - HE SHOULD GO AND FIX THEIR CURRENCY THERE
You right he's from Bangladesh fortunate enough to be a lecturer in Yale. As much as he thinks can dissect the currency of Ghana, why does his country remains one of the most poverty sriken country in the world and yet canno ...
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..THEN ADD THE RATE OF INFLATION ON A YEARLY BASIS. MINUS NPP, NDC POLITICAL CORRUPTION, STEALING BRIGADIERS AND PROPAGANDA. IN 5 YRS, HOW MUCH WILL ABALL OFKENKEY BE?...I SAY $3.50 IF NOT MORE....A BALL OF KENKEY WILL COST M ...
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The Prof. is entitled to his views;when there is total lack of confidence in any currency... substitution is called for...but when inflation is causing a weak currency then anti-inflationary measures are called for..Anyway,wh ...
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Thank you sir. Yet of course, we have an acclaimed professor from Yale preaching otherwise in here. What a dishonest soul to his academia of a profession and to his prominent university as well!
OFFICIAL DOLLARIZATION OF THE GH ECONOMY WILL DESTROY THE NOTION OF BURGERS IN GH. NO BURGER IN EUROPE OR N AMERICA WILL COME TO GH AND SPLURGE LIKE WE KNOW THEY ARE USED TO DOING. THE BURGERS WONT EVEN COME TO GH. WEN THEY C ...
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Call or whatsapp us on 0244717600 to send you latest pictures of yellow n white wedding n engagement gold rings to choose from.....can also search samo jewellery on facebook,instagram,twitter for more pictures to choose from. ...
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You've got your eye on the ball. All we have to do is stop listening to these sinister foreigners. We must not even give them airtime or any time of the day.
Here they come again. Let the powers that be know that Ghana is now alert on their manipulations. Where was this guy just befor the economic downturn that hit the USA first. Oburoni e, di wofie as3m. Leave Africa alone, pleas ...
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I agree with you perfectly. The cedis had been mismanaged for a very long time.BoG is clueless about what is happening to the cedis.It can be done, the right people at the right places.
waa bon paa-who said he pointed the root of the currency crisis
Just becos an outsider says something does not mean it is right. The depreciation of the cedi is becos of supply and demand. Ghana wants everything from outside and has to pay using foreig currencies. Meanwhile, what we get( ...
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I completely agree with you brother.
The basic economic law of supply and demand explains partly the problem Ghana is facing today and Ghana doent have a strong economy to adopt the US dollar as it's currency.
Why do chaps like you always think the ramblings of a foreigner is truth? Your kind of ignorance is part of the reason why African has problems. Foreigners have been meddling in Ghana since Don Diego D'Azambuja and the other ...
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Since the independence of the USA, the dollar has been devalued more than the Cedi.....should we hazard a guess of 999.9%. We really first need to scrap the dollar and introduce the Cedi to the USA. Every country is trying to ...
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Interesting point
This guy sounds like an economist from NSAMANPOM university.Doesn't he know that CFA is backed by the French Franc.
Adopt the Chinese currency
One of the best ways to win an argument is to appeal to Knowledge. In this case get a so called expert to spout rubbish you want to hear. I once met a consultant who called himself 'A bull shitter'.
Have we verified this 'ex ...
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Stupid Prof,if Ghana has buoyant economic activities and sound financial management we can even use "leaves" as our legal tender if we choose to.
You neo colonist, cedi is only a legal tender the strength of which depends on ghana's vibrant economic policies supported by sound financial management so go to hell with your short sighted analysis. Ghana needs to develop a ...
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I disagree, Ghana should keep the cedi. I haven't watched the interview, bu I haven't read enough fundamentals/basis as to why the currency should be scrapped.
Sri Lanka has its own currency and plagued by the same problems ...
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spare us the patronage and stop singing the song of your paymasters.We all know what makes a currency depreciate.Lets fix that. ironically part of the blame can be laid sqaurely at the doorsteps of your payma ...
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Why do we result to insults when somebody is asked a question and he answers the best way he knows how? The man realizes how incompetent our economic managers are that is why he is making that suggestion. Can he go to say "US ...
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MR YELE IS RIGHT WHEN MAHAMA TELL US TO USE OUR LOCAL CEDI IN TEMA PORT THEY CHARGE YOU DOLLAR,HOTELS EVERY WHERE DOLLAR THIS USELESS MAHAMA HAVE KNOW SOLUTION FOR OUR ENCONOMY THE CEDIS HAS BECOM VERY USELESS THE ANY CURRE ...
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What does an USA classroom so-called doctor know about Ghanaian problems? Will Ghanaians ever stop being so gullible?
Panama has being using US dollar for ages but have they develop? They are still the same. US dollar is not the solution to Ghanas problem. Until we stop the corruption nothing will work. The civil servants are more corrupt th ...
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The Yale professor is right. However, I agree also with your comments: let's stop corruption and stealing of government money and things will get better!! May be we can employ this prof. to come and help us. There is no shame ...
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OMG, OMG, OMG!!!!
WHAT THE FCUK IS WRONG WITH MY BELOVED PEOPLE?
Why are Ghanaians so retarded and gullible? These kinds of people have been meddling in Ghana and running Ghana for the past 600 years and you want to em ...
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You will be backward for another 600 years if we do not bring in experts from abroad to help us. After all we borrow money from them and majority of Ghanaians including you would like to go and live abroad.
You have appoi ...
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This idiotic foreigner is not answering the question the best way he can. He has an agenda to promote with the propaganda he is introducing. Some stupid Ghanaians will think he is right because he is of lighter hue and will r ...
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So sad!!
I agree with you. The idiot is high on the legalised pot in the USA. They will soon start the campaign to legalise all forms of shit soon. There is nothing wrong with the Cedis. Just the beginning of their propaganda. It will ...
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Love your reasoning
Why not the British Pound or the Canadian Dollar, after all Ghana is still part of the British "common-wealth" of States. Have a good day.
Then why won't they give us visa?
but who is this man professor.i think this man must be an arab or persian. Avery very stupid man to tell we Ghanaians what to do.
Who is this white man with a jet-black hair. He is not even a pure white. He is a shit.
Childish rant! You can disagree with someone without hurling insult at them.
Thanks a lot. These are the sort of people we have in the country.
its because of people like you the country is for granted. I am not violent, but there should be someone bold enough to turn him off. his comment and suggestion is irritating. he sounds like he is mocking the country
Mocking, you are an ass hole. What has black hair got to do with the above? If you have nothing sensible to contribute, leave mature people alone to make thought provoking analysis without interjecting in your infantile crap. ...
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Fellow brothers and sisters. Go onto the great YOUTUBE and research. Just type in "USA AND THE DOLLAR" as a starting point and knowledge will start coming to you. See how useful the dollar is to these educated people in the U ...
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You won't even be quiet for someone to pump some sense into your small brain?
I want to hear it then I can make a decision.
will do that for them. serious business.
There are fundamental issues we need to address as a Nation. Why is it that nothing works since independence?
1. The nation's fortunes are paralyzed.
2. Our education system is not working to the extent that a Head of State ...
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Kofi,
I'm with you 100%
What makes a currency to be strong is what reserve of mineral you have, with Gold at your deposit you can print money against it, but unfortunate the Gold mining in Ghana, is sucks, ask me, do Government have Gold reserve, mi ...
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the cedi has depreciated by something like 35000 percent, not 99 percent. Clearly shows that the man does not know shit!
from January through the end of July the cedis has fallen more than 99% visa vis the dollar- how could it have fallen 99% since 1950 something. Did the Professor depreciate some of the devaluation.
It would be hopeless to ...
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Check ur facts
The foreign vulture did not state anything about aggregate depreciation according to the article. Why try to cover-up his deficiency and incompetence?
Fellow brothers and sisters. Go onto the great YOUTUBE and research. Ju ...
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It is impossible for something to depreciate by more than 100%. Depreciation is a measure of reduction value so if a currency is completely worthless it has depreciated 100%. What you are referring to is percentage increase ...
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Vikram should conduct much research on adaption of currency especially on Liberia which used the dollar as legal tender since formation of Liberia until early 1990s when the Military gov't headed by Samuel Doe changed the dol ...
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Ghana at stage can not survive alone because of the CFA currency ,option now to join west africa countries with common destiny and that will be the ecowas money.
the dollar easily exposes the incompetence and criminality of the NDC government so they hate it big time.....
This Professor does not understand macroeconomics. 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 s ...
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hmm masa you be pure textbook ---from a practical standpoint who in Ghana wanna buy the Chinese (which is pegged against the dollar at 6.1475 Yuan per dollar) -isn't it more convenient to get the dollar than any other currenc ...
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Competence is what we need which we lack in this country. When you entrust the governance of a nation to SCHOOL BOYS without experience that is what you get.
I'm sure the professor could've juxtaposed Ghana situation to Turkey the only difference is that Turkey phased out 6 zeroes while Ghana only removed 4 zeroes-
one million Turkish lira became 1 New Lira.
I agree with the professor. Ghana should adopt either the pound or dollar. Our cedi is dieing from suffocation
Even adopting the almighty pound sterling will not help matters when we import tooth picks, coffins, nkatie buggar and all manner of things. We import almost everything and export few.Take the example of these oil sharks who ...
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infact prez Mahama throw away cedi.
professors tell us every now and then that no one can become richer just by exchanging money due to PPP (Purchasing Power Parity)and the exchange rate differential- I'd would be more than three times richer by now if I had st ...
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My brother you said it all, buying foreign exchange especially the euro has been my strategy for time value analyses for my income in this current Mahama driven crisis... u mind is sharp like mine, cn we link up tru sum mediu ...
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He said a country like Hong Kong is doing well currently because it abandoned its local currency for the US Dollar,
=======================================
Hong Kong Has it's own currency the Hong Kong dollar. It is exchang ...
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Our problem has been created by the massive looting that has taken place by the current government. There is nothing wrong with the Cedi.
The cedi is shit!
Nonesense,what a bogus Analysis.What about the Dollar(US)?How many percent has it lost its value?The Doullar is only surviving,b`cos it is being used as International Trade Currency,imposed upon Countries.Anyone who tries not ...
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The value of Ghana money it is not because it is called cedi but directly related to structure and health of the economy. I am ashamed if professional of his statutes give such an unpractical suggestions. Can he tell us the ...
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The professor is the latest to confirm that classroom earned degrees is not synonymous with wisdom. The value of Ghana's cedi depreciates because of a whole host of factors the least of which is our credit worthiness. The pr ...
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Mr Yale investor and Lecturer - adopting a new currency is not the answer - have you been speaking with Kufour? He made it 90 pesewas to $1:00 today it is almost 4 cedis to a dollar. The problem is productivity - the country ...
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I have always asked this question, why the CFA is always stable even though we produce and export more than many of these Francophone African countries.This is pure geopolitics and geostrategy that we seldom look at.Thank you ...
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Dr Kwame Nkrumah will turn in his grave to hear this nonesense
CFA is acceptable among the Francophone countries - one thing for sure Ivory Coast exports more cocoa than Ghana
There are many coutries in Africa who do not produce or export cocoa but their currency is not depreciating so fast like the Cedi.Do we have to depend on foreign currency to survive or not? That is the question.Thank you.
You will have to if you import more than than you export - it is called balance of trade.
The question here is are we going to keep the cedi that keeps depreciating everyday or should we abandon it and depend on foreign reserve like the Francophone countries who depend on Banque de France for CFA? Thank you.
Before you two Amigo go a wild goose chase by lecturing over the comfort zone accolade to the CFA before the media, do well to seek a detailed information about the currency you're both forcefully preaching to ascertain its p ...
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SO FRANCE ACTS AS AN IMF TO THESE CFA USING AFRICAN NATIONS. FRANCE DETERMINES HOW MUCH OF THE CURRENCY IS USED BY EACH COUNTRY AND UNDER WHAT CONDIOTIONS ETC.....UNLIKE GH. THE BANK OF GH CAN PRINT AND FLOOD THE COUNTRY WITH ...
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Other bodies can manage the cedi better than we are doing now
...Not at all! The problem is leadership! Second corruption and not the cedi as legal tender!
GHANA PAA NI ? Square pegs on Round Hole
Ghana's problem is it's commodity base industrially deficient economic structure structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the povert ...
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Ghana's problem is it's commodity based industrially deficient economic structure - not it's nominal currency - I went to Grad School in New Haven Connecticut - where Yale is - the professor should address the poverty in New ...
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It's funny how we are willingly adopting others but never ours. From brainwashing us from our traditional religion to now adopting a white man currency. Yale is no better than Legon. What makes this guy special to lecture us ...
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Even though I do not agree with the Lecturer, I do not agree with you either on the qualities of Yale and Legon.
By every standards, Yale is 90% better than Legon (of today): most Legon students cannot construct basic se ...
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You're ABSOLUTELY right. Thank you
shut up okay. professor indeed.
We do not have to wait. Otabil has said it. The Cedi has its own mind. Mahama must be bold. Adopt the Dollar now. You will be the best in the region. You are fighting with your small country
The use of Cedi as a legal tender is not the woe of Ghana economy. Togo adopts Francophone CFA but Ghana is better than Togo.
Ghana ailing economy is as a result of lack visionary leaders in the various sectors, more impor ...
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The cedi MUST REMAIN. All nations have to struggle with their currency until the learn to maintain its value. Ghana like many other great nations should struggle and eventually we will learn to maintain the value of the Ced ...
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We need to stand om our own feet. Stop corruption clean up our infrastructure. This not the US we only devalue the our money when we use other currency.
The US dollar is on a downward slide, propped up mainly by China. Will you ask Pres Obama to scrap the dollar as well? Why do we entertain such racist crap by empty headed people whose only accolade is because we give them fo ...
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THIS GUY CLEARLY MEANS THAT GHANA'S LEADERS LACK THE BRAIN POWER TO IDENTIFY AND SOLVE THE PLETHORA OF GHANA'S SOCIO-ECONOMIC PROBLEMS.
EVEN FOLLOWING CHINA'S HANDOUTS TO HOPELESS AFRICAN LEADERS, OBAMA RECENTLY HAD TO ASS ...
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Boyapati Srinu with Sivani Guttikonda and 21 others
Real story of American Dollar v/s Indian Rupee
(Very Interesting Article MUST SHARE)
An Advice to all who are worrying about fall of Indian Rupee
Throughout the coun ...
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NONSENSE, Whatabout Scrapping our Independence ?? Coming from Yale IS NO GARANTEE for nonsense!!
i agree with the prof if it will work for us. the cedi has been weak n falling since time memorial. it is the single problem facing this country n the course of the economic melt down n the in creament in goods and services. ...
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So this is what that funny looking prof came to tell us? How much did he get paid for this and by whom?
Please send to dandzide@yahoo.com
That's better idea,,as we then hand over the Nation to be Colonized again with being a subject to the country who's currency we will use,,if this is our Pride too,, .,,hahahahahahahahaha,,
Splendid
But we have been doing that already. NPA is paying $63,000 as rent in Ghana every month. Petrol prices are dollar-indexed. We just have not officially declared the cedi abandoned.
An Economics Lecturer at Yale University, Dr Vikram Mansharamani, says Ghana scrap its use of the Cedi as legal tender.
That is a dead and hollow solution coming from an Economist. Let alone from Yale connection.
Let us ...
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Let us be practical.
Nonsense! It is not the money itself. It is uue to coruption, mismanagement, etc.
Are the little dwarfs with sharp teeth going to criticise this Yale professor as well.
The Cedi depreciation is due to many factors like: lack of strict regulations and controls? by the Bank of Ghana,and the Securities and Exchange Commission,aside from Trade imbalance, etc etc
For instance ,in order to att ...
read full comment
This man is not on the faculty list of the department of economics at yale university.
YALE PROFESSOR CALLS FOR SCRAPPING OF CEDI AS LEGAL TENDER
What we should be debating really is advantages and disadvantages of adopting a foreign currency vis a vis an economy that imports far more than it exports.
Whatever you're not capable of doing properly yourself should just be outsourced. Fair enough but are there any guarantees the outside managers will do a better job?. May be we should make a check list of all the factors that ...
read full comment
I have just said earlier today and on another media platform that Ghana simply needs a MOSES.
The stage where we need we have to put all our energy in PRAYING FOR A DELIVERER.
Thats true
BURGERSB3Y3 SOFT PAA...THEY WONT EVEN VISIT GH ANYMORE. WEN THEY COME. U WONT EVEN HEAR/SEE THEM...LOL
Same old colonialist mentality. They never give up? Do they?
I know this guy.He is a shoe shiner in Bangladesh.