Government won't allow cedi to reach GH¢18 to a dollar – Currency Analyst

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What can the govt do? 1 year ago

If anything can be done about the cedi, now is the time to do it. Why wait till things get worse?

If anything can be done about the cedi, now is the time to do it. Why wait till things get worse?
Why wait and act only during times of elections? 1 year ago

Roads are repaired, allowances are paid, and promises are made only during an election year.

Does this mean that if there were no elections this year, the govt would allow the cedi to depreciate to GHS 20?

Roads are repaired, allowances are paid, and promises are made only during an election year.

Does this mean that if there were no elections this year, the govt would allow the cedi to depreciate to GHS 20?
Freewill 1 year ago

Quite bogus! If government have control the exchange rate would be 1:1. We are watching!

Quite bogus! If government have control the exchange rate would be 1:1. We are watching!
Former President 1 year ago

What can they do? Do they even know what to do? You can beg for an IMF bailout and wonder why the cedis is worth less than toilet paper. Kindergarten economics

What can they do? Do they even know what to do? You can beg for an IMF bailout and wonder why the cedis is worth less than toilet paper. Kindergarten economics
TT 1 year ago

Meanwhile The National idiot says the cedis is doing better than ever before.

Meanwhile The National idiot says the cedis is doing better than ever before.
Abiba 1 year ago

His face even looks like a fool. Bawumia's face looks like a fool

His face even looks like a fool. Bawumia's face looks like a fool
Farmer 1 year ago

He is right in so far that the government will do everything in its power to slow the depreciation of the Cedi because it will make them loose any chance of winning the election. But they are already doing whatever is in thei ...
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He is right in so far that the government will do everything in its power to slow the depreciation of the Cedi because it will make them loose any chance of winning the election. But they are already doing whatever is in their power. The daily erratic movements are telling a clear enough story.

However, even with the total politization of the Bank of Ghana, they cannot arrest the situation. They would need to fix the exchange rate because they are already quickly depleting all available FOREX reserves.

This would suspend the IMF program, create a second tier black market and drive the economy into chaos.

In reality, this government and NPP as a whole have nothing left but prayers. All human opinions to remedy the upcoming desaster are exhausted.
Cut expenditure, reduce ministers 1 year ago

What about cutting expenditure?

What about cutting expenditure?
Wisefolk 1 year ago

Currency Analyst talking about elections and the government will do something. Really? In Ghana any idiot is an Analyst. I found nothing analytical about his views.

Currency Analyst talking about elections and the government will do something. Really? In Ghana any idiot is an Analyst. I found nothing analytical about his views.
Bawumia has a Greasy pole to climb 1 year ago

Don't worry, Bawumia will reverse everything if he comes to power. Lol

Don't worry, Bawumia will reverse everything if he comes to power. Lol
Bawumia has a Greasy pole to climb 1 year ago

Don't worry, Bawumia will reverse everything if he comes to power. Lol

Don't worry, Bawumia will reverse everything if he comes to power. Lol
UncoverGh.NY 1 year ago

@Farmer the accusations being levelled against the Bank of Ghana is the same as those for which the former governor of the Central Bank of Ni9eria is standing trail for.
It's quite stinking so pls find them out for yourself ...
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@Farmer the accusations being levelled against the Bank of Ghana is the same as those for which the former governor of the Central Bank of Ni9eria is standing trail for.
It's quite stinking so pls find them out for yourself as to how the cedi can be rescued, imagine this scenario everyone knows that x amount of foreign exchange is coming to Ghana this year plus the foreign exchange reserves being held by the Central Bank so the total amount of foreign exchange available is known. What we also know is that y amounts of foreign exchange must be sent abroad to meet the countries loan obligation and calls by foreign companies who have to repatriate profit and the rest is for local and foreign traders to require foreign exchange to work
UncoverGh.NY 1 year ago

Suddenly the Central Banks pumps so much local currency into the system and Ike Adongo is alleging that a chunk of this new money may not even be in the banking system all chasing after this limited amounts of foreign exchang ...
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Suddenly the Central Banks pumps so much local currency into the system and Ike Adongo is alleging that a chunk of this new money may not even be in the banking system all chasing after this limited amounts of foreign exchange what then do you think will happen and to make matters worse the amount of cedis outside the banking system is not known
Cut expenditure, reduce ministers 1 year ago

Amishaddai and the other retiree commissioner of IRS were threatening to tax remittances from Ghanaians abroad. Ghanaians abroad are not as stupid as the government so they advised themselves. Hence the reduced foreign curren ...
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Amishaddai and the other retiree commissioner of IRS were threatening to tax remittances from Ghanaians abroad. Ghanaians abroad are not as stupid as the government so they advised themselves. Hence the reduced foreign currency in the system. Cut expenditure, stop the politics and get competent people to work for the people.
Chief 1 year ago

so it's an achievement to be at 15 now abi?? kwaasiato!!!

so it's an achievement to be at 15 now abi?? kwaasiato!!!
BOY KOFI 1 year ago

Put on your life jacket,the ship is sinking very fast.Tnx.

Put on your life jacket,the ship is sinking very fast.Tnx.
Kissi 1 year ago

Rubbish! Why did they “allow” it to reach GHS15 to the dollar? An analyst indeed!

Rubbish! Why did they “allow” it to reach GHS15 to the dollar? An analyst indeed!
Critical Thinker 1 year ago

Government should audit profit repatriation by Chinese at Quarry sites around Winneba to Kasoa enclave, this Chinese are making huge profits.

Government should audit profit repatriation by Chinese at Quarry sites around Winneba to Kasoa enclave, this Chinese are making huge profits.
Kimi 1 year ago

Government won't allow? How ridiculous this so-called sounds.

Government won't allow? How ridiculous this so-called sounds.

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Government won't allow cedi to reach GH¢18 to a dollar – Currency Analyst

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