Remittances have dropped because people are not satisfied with the prevailing exchange rate which leads to at least 30% loss of cedis to the sender and receiver.
Remittances have dropped because people are not satisfied with the prevailing exchange rate which leads to at least 30% loss of cedis to the sender and receiver.
Mahama 24 Hour Economy is Real & West Togoland independence 11 months ago
Foolish man, we are not sendingany money. We have abandoned all our projects in Ghana. When we invest abroad, we get better yield. Foolish man who is artificially controlling the exchange rate of allowing the market forces t ... read full comment
Foolish man, we are not sendingany money. We have abandoned all our projects in Ghana. When we invest abroad, we get better yield. Foolish man who is artificially controlling the exchange rate of allowing the market forces to dictate.
When the Cedi begins to depreciates, it will be catastrophic
Nostradamus 11 months ago
Why insulting? Why use the word “foolish man?” Let’s respect one another that’s a sign of civilised society. Just drop your comment, we are here as “One People” to share ideas and experiences.
We should learn ho ... read full comment
Why insulting? Why use the word “foolish man?” Let’s respect one another that’s a sign of civilised society. Just drop your comment, we are here as “One People” to share ideas and experiences.
We should learn how to engage in a MEANINGFUL and CONSTRUCTIVE dialogue without resorting to insults and abusive language.
KoBakor 11 months ago
I entirely agree with you. I always feel sad and disappointed when some bloggers just spew out insults if they disagree with another person’s views. Others are also wont to resort to the hackneyed NPP/NDC blame game. Am not ... read full comment
I entirely agree with you. I always feel sad and disappointed when some bloggers just spew out insults if they disagree with another person’s views. Others are also wont to resort to the hackneyed NPP/NDC blame game. Am not advocating censorship but the media should find a way of sieving out insults and tribalism from bloggers.
Oklemekuku 11 months ago
Na lie, you have no project here in Ghana to abandon. Depreciation of the cedi goes with inflation, if you don't know. You want us to carry money in sacks, to buy a loaf of bread?
Na lie, you have no project here in Ghana to abandon. Depreciation of the cedi goes with inflation, if you don't know. You want us to carry money in sacks, to buy a loaf of bread?
Sleeping Tablet. 11 months ago
With the present exchange rate, we rather kerp Our Dollar and Euro under Our pillow
With the present exchange rate, we rather kerp Our Dollar and Euro under Our pillow
CITIZEN 11 months ago
When you fix such a low rate at interbank to deceive the masses when forex bureau rates are high, this is what happens. People will rather find ways to transact with forex bureau and illegal black markets instead of bank syst ... read full comment
When you fix such a low rate at interbank to deceive the masses when forex bureau rates are high, this is what happens. People will rather find ways to transact with forex bureau and illegal black markets instead of bank system. Allow the free market to operate or fight the black market
Abena Asigbanu 11 months ago
HOW CAN A WHOLE CENTRAL BANK GOVERNOR SPEAK LIKE SOME DISAPPOINTED “JANGO”? ENGAGE THE CITIZENS IN THE DIASPORA, RESEARCH OTHER INNOVATIVE WAYS AND SPEAK LIKE A WELL TRAINED TECHNOCRAT. WHY ARE USING LANGUAGE LIKE “ I A ... read full comment
HOW CAN A WHOLE CENTRAL BANK GOVERNOR SPEAK LIKE SOME DISAPPOINTED “JANGO”? ENGAGE THE CITIZENS IN THE DIASPORA, RESEARCH OTHER INNOVATIVE WAYS AND SPEAK LIKE A WELL TRAINED TECHNOCRAT. WHY ARE USING LANGUAGE LIKE “ I AM WARNING THEM” AND ALL THAT? DO YOU THINK GHANA IS A REVOLUTIONARY COUNTRY? GOVERNMENT APPOINTEES MUST APPLY SOME DECENCY IN THEIR RHETORIC. PEOPLE CAN CHOOSE TO DO WHATEVER THEY LIKE WITH THEIR OWN HARD EARNED FOREX. WHY DO YOU WANT TO COMMAND COMPLIANCE? YOUR ATTITUDE WILL MAKE IT WORSE.
Akwasi Borga 11 months ago
Well said
Well said
Edi 11 months ago
THE GHANA BANKSTERS RIP OFF PEOPLE THAT GET MONEY FROM OVERSEAS SO THE REMITTANCE DROPPING PEOPLE FINDS OTHER WAYS TO GIVE DOLLARS TO THEIR RELATIVE INSTEAD OF REGULAR REMITTANCE TO DISHONEST CRIMINAL BANKS
THE GHANA BANKSTERS RIP OFF PEOPLE THAT GET MONEY FROM OVERSEAS SO THE REMITTANCE DROPPING PEOPLE FINDS OTHER WAYS TO GIVE DOLLARS TO THEIR RELATIVE INSTEAD OF REGULAR REMITTANCE TO DISHONEST CRIMINAL BANKS
Francis Mccarthy 11 months ago
MR.ASIAMAH THE GOV. OF BOG. THERE IS NOTHING WRONG. WE ARE NOT SENDING MORE AS WE USED TO BECAUSE OF THE MASSIVE DEPRECIATION. THE INTER -BANK RATE AND THE FOREAUX IS HUGE.
MR.ASIAMAH THE GOV. OF BOG. THERE IS NOTHING WRONG. WE ARE NOT SENDING MORE AS WE USED TO BECAUSE OF THE MASSIVE DEPRECIATION. THE INTER -BANK RATE AND THE FOREAUX IS HUGE.
Owusey 11 months ago
Not much is passing through your system because the difference between your bank rate and that of "ABOCHI"
is huge.So stop the propaganda rate and see if the Remittance would not increase
Not much is passing through your system because the difference between your bank rate and that of "ABOCHI"
is huge.So stop the propaganda rate and see if the Remittance would not increase
Juvenal Urbino 11 months ago
The artificial appreciation of the Cedi is the main reason why remittances have declined. It’s just common sense. You want your numbers to look good for political expediency and folks in the diaspora want to invest WISELY. ... read full comment
The artificial appreciation of the Cedi is the main reason why remittances have declined. It’s just common sense. You want your numbers to look good for political expediency and folks in the diaspora want to invest WISELY. Do your politics and they’ll stick to their guns.
Hannan 11 months ago
* Welcome to the best adult dating site -> Sexy24.mom
* Welcome to the best adult dating site -> Sexy24.mom
Joe 11 months ago
How can someone exchange at a low rate and buy things at exorbitant price. Do the mathematics for yourself.
How can someone exchange at a low rate and buy things at exorbitant price. Do the mathematics for yourself.
NAA 11 months ago
STUPID GOVERNMENT WITH BRAINDEAD ECONOMISTS
STUPID GOVERNMENT WITH BRAINDEAD ECONOMISTS
Coo 11 months ago
Keep your rate and I keep my £
Keep your rate and I keep my £
Nana 11 months ago
We are not in hurry to complete our projects in Ghana. We will either continue to keep our dollars, euros and pounds under our pillows until the exchange rates improve or we will buy our project materials from here and send t ... read full comment
We are not in hurry to complete our projects in Ghana. We will either continue to keep our dollars, euros and pounds under our pillows until the exchange rates improve or we will buy our project materials from here and send them to Ghana to continue our projects. When the dollar was selling at ghc15, a bag of cement was selling for ghc 125 and now that you have tamed the dollar and it’s selling at GHC 10.25, a bag of cement is GHC 115. It doesn’t make any economic sense for us to send our hard earned forex to Ghana for any business transaction. Maybe you can print your own forex and give it to the banks to sell at the rates that are in line with your mid year budget as read by your finance minister.
Your era 11 months ago
Am advising all people in the diaspora to stop sending money to ghana.
Am advising all people in the diaspora to stop sending money to ghana.
Mike 11 months ago
How I wished, but we have to buy the medicines which is still expensive, even when the dollar to ghs has reduced by 42%
How I wished, but we have to buy the medicines which is still expensive, even when the dollar to ghs has reduced by 42%
ReRe 11 months ago
Reduced as much as possible, already! Gov is ripping us, the senders off! Ripping off cocoa farmers, and by Friday everyone, due to transport costs increase. This government is a disaster already!
Reduced as much as possible, already! Gov is ripping us, the senders off! Ripping off cocoa farmers, and by Friday everyone, due to transport costs increase. This government is a disaster already!
Salami 11 months ago
Ghanaians don't need support from remittance. They are happy with their economic situation presently. Thanks to low inflation rate, cheap / low prices of commodities. Remittances not needed.
Ghanaians don't need support from remittance. They are happy with their economic situation presently. Thanks to low inflation rate, cheap / low prices of commodities. Remittances not needed.
Ky 11 months ago
If remittances not needed, why Dr asiamah is yelling?
If remittances not needed, why Dr asiamah is yelling?
Pelicles 11 months ago
Do you understand what the governor is saying, I hope not.
Do you understand what the governor is saying, I hope not.
ReRe 11 months ago
Cheap? Low inflation? Must be a joke! Prices have increased, since May, dramatically! Electricity, now increase in transportation. A small tin sardines 12-13 cedis, water price increase etc. What planet are you living?
Cheap? Low inflation? Must be a joke! Prices have increased, since May, dramatically! Electricity, now increase in transportation. A small tin sardines 12-13 cedis, water price increase etc. What planet are you living?
Tom Boy Jones 11 months ago
This man paaaa! Since February 2025 I have remitted any money to Ghana. Borgas heard Ghanaian saying Aban papa aba so now I ask people in Ghana for money! After the propaganda comes the consequences
This man paaaa! Since February 2025 I have remitted any money to Ghana. Borgas heard Ghanaian saying Aban papa aba so now I ask people in Ghana for money! After the propaganda comes the consequences
Concern Citizen 11 months ago
Monkey de work baboon de chop. Mr governor there is no industry player manipulating the system. Who will send huge sums of dollars to Ghana with your fake stabilization of the dollar? Everyone had advised himself if you think ... read full comment
Monkey de work baboon de chop. Mr governor there is no industry player manipulating the system. Who will send huge sums of dollars to Ghana with your fake stabilization of the dollar? Everyone had advised himself if you think you are doing well with your fake stabilization.
Kwasi 11 months ago
Stupid governor, why are you pretending you dont know the reason why we have stopped sending money home? I used to buy cement at 130 ghs when a pound was 17ghs. Now a pound is less around 13ghs but cement prices remains high. ... read full comment
Stupid governor, why are you pretending you dont know the reason why we have stopped sending money home? I used to buy cement at 130 ghs when a pound was 17ghs. Now a pound is less around 13ghs but cement prices remains high. I have stopped sending money to my mason because I am not sending money until either the prices of goods go down significantly or the pound appreciates against the cedi. I believe it is the situation with most diasprians.
ReRe 11 months ago
Correct! 100%
Correct! 100%
Pp 11 months ago
I think your calculations must be wrong formally $400 gives ghc 4000.00 now that gives less than ghc 3000.00
I think your calculations must be wrong formally $400 gives ghc 4000.00 now that gives less than ghc 3000.00
Smartman 11 months ago
Sorry mr governor, diasporians are too smart to allow ourselves to be manipulated by your government. I will rather buy a ticket and carry my money with me than to remit it, when doing my project, with this kind of rate.
Th ... read full comment
Sorry mr governor, diasporians are too smart to allow ourselves to be manipulated by your government. I will rather buy a ticket and carry my money with me than to remit it, when doing my project, with this kind of rate.
Things are just too expensive and it does not make economic sense to send money this time around. Set your rate and abokyi will get my £. Thank you
Alidu 11 months ago
It has not declined yet ooh, just imagine l was sending 1800$ dollars for my family up keep last year because the rate was good although good and services were expensive but l had the purchasing power because of then good exc ... read full comment
It has not declined yet ooh, just imagine l was sending 1800$ dollars for my family up keep last year because the rate was good although good and services were expensive but l had the purchasing power because of then good exchange rate, now the exchange rate is bad and the prices of goods and services are still high so now l have to send my family 2500$ as family up keep. After assessing the situation it better l don't remit the money through your banking system, now l send the money through travellers
Obeng 11 months ago
Pls allow the system to flow and stop all these dollar propaganda. See how your dollar system cost our dear farmers.
Pls allow the system to flow and stop all these dollar propaganda. See how your dollar system cost our dear farmers.
Patrick 11 months ago
I’m Building in Ghana, in January when sent 1000 dollars I can get over 150 bags of cement. Now the same thousand dollars can’t get me 100 bags. We have all stop our projects. It doesn’t make sense anymore. A bag of cem ... read full comment
I’m Building in Ghana, in January when sent 1000 dollars I can get over 150 bags of cement. Now the same thousand dollars can’t get me 100 bags. We have all stop our projects. It doesn’t make sense anymore. A bag of cement in Ghana can buy 2 bags in Nigeria.
Truth 11 months ago
The MTOs especially MTN is making money from this angle...you guys know it. Let us not pretend. Allowing foreigners to even handle this business is not the best. It should be only the banks so every cent would be accounted fo ... read full comment
The MTOs especially MTN is making money from this angle...you guys know it. Let us not pretend. Allowing foreigners to even handle this business is not the best. It should be only the banks so every cent would be accounted for
Me 11 months ago
Interested in Diaspora remittances but still don’t want them to exercise their vote during elections. Stupid wicked selfish leaders
Interested in Diaspora remittances but still don’t want them to exercise their vote during elections. Stupid wicked selfish leaders
Dollar doesn't go far like before after the exchange rate chsnge 11 months ago
It will take some time for us to get used to the exchange rate especially when prices haven't droped in response to the exchange rate. This have become expensive for us all of a sudden
It will take some time for us to get used to the exchange rate especially when prices haven't droped in response to the exchange rate. This have become expensive for us all of a sudden
MARY MAVIS GYAMFIWAA 11 months ago
You are very stupid and a nincompoop if you need my hard earned dollar remittance to govern the country.
You are very stupid and a nincompoop if you need my hard earned dollar remittance to govern the country.
Benny 11 months ago
Hahaha. You’re just right .
Hahaha. You’re just right .
ODS-USA 11 months ago
How do you expect us to send our hard earned dollars for this your politically motivated artificial rate. You haven’t seen anything yet, let me tell you, it’ll continue to decline more and more if you don’t stop this s ... read full comment
How do you expect us to send our hard earned dollars for this your politically motivated artificial rate. You haven’t seen anything yet, let me tell you, it’ll continue to decline more and more if you don’t stop this stupidity. Non of us sending money anymore for our projects because it doesn’t make any economic sense. Prices and services are still high meaning we will have to send in more foreign currency for same goods and services and we are smarter than that
Consumers are very smart 11 months ago
Good job . Smart consumers . This government is bereft with ideas and competent people with foresight to predict the basic economic theory of demand and supply.
Good job . Smart consumers . This government is bereft with ideas and competent people with foresight to predict the basic economic theory of demand and supply.
Target 11 months ago
It is laughable that he is calling for an investigation. He must be so naive. It would have been prudent to have allowed the economic forces to dictate the value of the cedi rather than pumping in the dollars to keep its rate ... read full comment
It is laughable that he is calling for an investigation. He must be so naive. It would have been prudent to have allowed the economic forces to dictate the value of the cedi rather than pumping in the dollars to keep its rate high. As so many have correctly mentioned in the comments above, funds from the diaspora have significantly reduced because we will not tolerate your stupidity. Abokye must be laughing all the way to your Bank, Mr Governor. Get smart.
Mine 11 months ago
Also, the borgers have not been coming home since the cedis gained that strange appreciation ooo. If the borgers don’t come and spend or inject dollar into the economy it will affect remittances. People have stopped the pro ... read full comment
Also, the borgers have not been coming home since the cedis gained that strange appreciation ooo. If the borgers don’t come and spend or inject dollar into the economy it will affect remittances. People have stopped the projects they were doing since the time the dollar depreciated badly. All projects halted and they are channeling their money into something different in their host countries. Building materials businesses have had sales dropped significantly and a lot of artisans are unemployed now . You should have anticipated this swift response from citizens who command the dollar before you depreciated it to that level . We warned you of the consequences.
Yaayaa 11 months ago
Aburokyire ay3 den wai. We can’t be working and sending all our money back home for people to chop.
Aburokyire ay3 den wai. We can’t be working and sending all our money back home for people to chop.
Yaayaa 11 months ago
Also the romance scam is not working as well as it did a few years ago. The scammers have to improve their skills,
With the inflation and economic downturn most Americans are staying off line. Sorry 419. Now they can only s ... read full comment
Also the romance scam is not working as well as it did a few years ago. The scammers have to improve their skills,
With the inflation and economic downturn most Americans are staying off line. Sorry 419. Now they can only scam locals
GOV 1 11 months ago
@ rate 15, $100 could buy about 18 bags of cement depending on your location BUT now @ rate 10.40 , $100 can only buy about 7 or 8 bags of cement. So we have put all our construction activities on hold . We only send chop mon ... read full comment
@ rate 15, $100 could buy about 18 bags of cement depending on your location BUT now @ rate 10.40 , $100 can only buy about 7 or 8 bags of cement. So we have put all our construction activities on hold . We only send chop monies. Nobody is playing games with remittances. We have rather advised ourselves. SIR.
Owusu66 11 months ago
Sir please, we will not bring our hard earned dollars to Ghana for a low exchange rate, and then buy a bag of cement for 130ghana cedis for our projects... please fix the mess you have created. Thank you.
Sir please, we will not bring our hard earned dollars to Ghana for a low exchange rate, and then buy a bag of cement for 130ghana cedis for our projects... please fix the mess you have created. Thank you.
Owusu66 11 months ago
Mr governor, what do you expect! I will not send my hard earned dollars for chicken change oo, we will all put our projects on hold until you guys fix the mess you have created.
Mr governor, what do you expect! I will not send my hard earned dollars for chicken change oo, we will all put our projects on hold until you guys fix the mess you have created.
Where are the remittances from ndc supporters?.. 11 months ago
I wonder why diasporan NDC supporters have not increased their remittances to offset the equation.
I wonder why diasporan NDC supporters have not increased their remittances to offset the equation.
B I P 11 months ago
NDC supporters are slow learners but they are catching up. They are also realising the mess that has created. Sending their $s is not option on the table now.
NDC supporters are slow learners but they are catching up. They are also realising the mess that has created. Sending their $s is not option on the table now.
Spare a thought for us poor cocoa farmers! 11 months ago
Poor cocoa farmers! We wish we had the choice which you guys in the diaspora have! This year alone, "by day" labour rates have jumped by 20% @ between ghc80 to ghc100. We can't tell the already scarce labourers that Maamah ... read full comment
Poor cocoa farmers! We wish we had the choice which you guys in the diaspora have! This year alone, "by day" labour rates have jumped by 20% @ between ghc80 to ghc100. We can't tell the already scarce labourers that Maamah says we have moved from the weak Ghana cedi to the strong Tarzan cedi and therefore, we will pay less. The labourers have to go to market and pay the ever increasing prices! And we don't have the luxury of refusing to sell cocoa to Maamah for peanuts. We are the same long suffering poor farmers whose labour went to pay for the free and pointless education (or the lack of it) for the likes of Maamah and his henchmen while our children, nieces and nephews went without education. Enough is enough.
Now is the time for us to have a strong union of cocoa farmers. Unfortunately, most of us are very poor and have no formal education.
The governor hasn't seen anything yet. He should wait and see more cocoa lands become galamsey sites. At this stage, and with all my education, I will happily give up my 90 acre cocoa farm for galamsey. And I know I'm not alone.
Kofi 11 months ago
I'll sell my dollar at the BLACK MARKET than deal with the Bank.
I'll sell my dollar at the BLACK MARKET than deal with the Bank.
Alhaji Sani 11 months ago
Why do we always have a negative view of the private sector. Consider also that when opposing politicians false run down the economy and country the perception of risk is heighten so much that the Ghanaian diaspora don't cons ... read full comment
Why do we always have a negative view of the private sector. Consider also that when opposing politicians false run down the economy and country the perception of risk is heighten so much that the Ghanaian diaspora don't consider their country as a safe for investment and savings. It is also note worthy that most people facing threats of deportation and the risk of losing their jobs or withdrawal permanent residence will not be in a position to remit. So it may not necessarily be a hike in irregularities but a drying of the sources. Whatever assessment must be comprehensive enough to included income security, migrant status disruptions and risks, as well as rising cost of living and even the appreciation of the cedi despite rising cost of living, meaning remittance can buy less than before
Lambert Logoh 11 months ago
Hmm please will sending the money to Togo help? Or it can’t only help if one is spending it there.
Hmm please will sending the money to Togo help? Or it can’t only help if one is spending it there.
Sam Ayeh 11 months ago
It is not difficult to see why emittances to Ghana have significantly dropped. The cedi is artificially inflated hence people are holding on to their foreign money till about Oct, Nov when the cedi will find its true rate. I ... read full comment
It is not difficult to see why emittances to Ghana have significantly dropped. The cedi is artificially inflated hence people are holding on to their foreign money till about Oct, Nov when the cedi will find its true rate. In the mean time the local plumbers, masons, electricians and kenkey sellers will suffer as not much money is flowing into the country.
Maxwell 11 months ago
The answer is simple. I used to send about £120 per month to support my family in Ghana before the cedi appreciated. But now I have to top it up by £45 for them to get the same amount of cedis because prices of goods have n ... read full comment
The answer is simple. I used to send about £120 per month to support my family in Ghana before the cedi appreciated. But now I have to top it up by £45 for them to get the same amount of cedis because prices of goods have not been reduced across board to warrant the continuation of sending £120 per month.
Secondly, I have temporarily suspended sending money for projects in Ghana in anticipation that the pound sterling will appreciate as prices of items have not been significantly reduced in line with the appreciation of the cedi.
To curb the situation I think the Bank of Ghana needs to allow the cedi to find its own level.
Ghana man 11 months ago
You so foolish to be the head of BoG. I guess you dont see what is going on with your exchange rate
You so foolish to be the head of BoG. I guess you dont see what is going on with your exchange rate
ReRe 11 months ago
Why there is a drop? Simple, have reduced my spending in Ghana. Especially our house project has to wait. Ghana is becoming far to expensive! Value for money is terrible!
Why there is a drop? Simple, have reduced my spending in Ghana. Especially our house project has to wait. Ghana is becoming far to expensive! Value for money is terrible!
The Trump factor 11 months ago
Many immigrants can not work. Trumps policy is hitting hard especially th3 dollars .
Many immigrants can not work. Trumps policy is hitting hard especially th3 dollars .
Kwasi 11 months ago
NDC is the most dishonest, fraudulent, corrupt and violent political party in Africa. People in Diaspora are not so naive to remit at this moment when Azaa party is back in power. AZAA PROMAX
NDC is the most dishonest, fraudulent, corrupt and violent political party in Africa. People in Diaspora are not so naive to remit at this moment when Azaa party is back in power. AZAA PROMAX
Kobbbi 11 months ago
What’s wrong with this Man, you’ve artificially inflated the exchange rate, but still prices of goods are the same, who should send money at a reduced rate meanwhile prices of goods haven’t changed. I would rather inves ... read full comment
What’s wrong with this Man, you’ve artificially inflated the exchange rate, but still prices of goods are the same, who should send money at a reduced rate meanwhile prices of goods haven’t changed. I would rather invest my dollars here.
Busiah 11 months ago
Let me ask you don't you dollar in your office or your house who are you saying this to we Ghanaians. Mad. Dapaah hide dollar in her house and Sammy Gyamfi is having his in his car now so as you.
Let me ask you don't you dollar in your office or your house who are you saying this to we Ghanaians. Mad. Dapaah hide dollar in her house and Sammy Gyamfi is having his in his car now so as you.
Adu Paku, USA 11 months ago
You think we are fools. Not untill you fix the system we will not remit a dime to that country. We have suspended all our projects until further notice. Who cares about your probes?
You think we are fools. Not untill you fix the system we will not remit a dime to that country. We have suspended all our projects until further notice. Who cares about your probes?
Adu Paku, USA 11 months ago
There's nothing to probe. Find the answer or the solution in the comments
There's nothing to probe. Find the answer or the solution in the comments
Dan 11 months ago
Every dollar?? Im Ghanaian living in uk pound stronger than dollar Africa need to do away and stop using the dollar
Every dollar?? Im Ghanaian living in uk pound stronger than dollar Africa need to do away and stop using the dollar
Francis Boateng 11 months ago
Me Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex burea ... read full comment
Me Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex bureaus is too big.
Francis Boateng 11 months ago
Mr Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex burea ... read full comment
Mr Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex bureaus is too big.
Kwei 11 months ago
Massa a stop they send money. Project on hold , that fake rate . I will keep my money once i get a rate that realist i will start my project . If i should continue , i will be loosing value for my money through the purchase ... read full comment
Massa a stop they send money. Project on hold , that fake rate . I will keep my money once i get a rate that realist i will start my project . If i should continue , i will be loosing value for my money through the purchase of goods big time. The government should pray the dont start remittance tax.
Reason 11 months ago
Bag of rice went from G120 to G80.
Container of oil went from G940 to G600.
Cement prices stayed the same. We have plans to build 40 houses/ condos, but I won't invest a cedi into building until cement prices drop.
Bag of rice went from G120 to G80.
Container of oil went from G940 to G600.
Cement prices stayed the same. We have plans to build 40 houses/ condos, but I won't invest a cedi into building until cement prices drop.
Harry 11 months ago
You behave as if you employed us in Europe
You behave as if you employed us in Europe
KoBakor 11 months ago
Dear Governor, Ghanaians are complaining that despite the recent appreciation of the Cedi prices in Ghana are not getting lower; in some cases they are even going up. Consequently people in the diaspora have found quite a leg ... read full comment
Dear Governor, Ghanaians are complaining that despite the recent appreciation of the Cedi prices in Ghana are not getting lower; in some cases they are even going up. Consequently people in the diaspora have found quite a legitimate way of sending money to Ghana without going through your prescribed system. They get much more for their dollars and sterling than your fixed rates. So you fix the rate Sir Allah Bar dealers get the dosh. Simple.
Henry 11 months ago
Increase the exchange rate at least 11.50 ghc then you will see the increase.Who will send money when the dollar is very low
Increase the exchange rate at least 11.50 ghc then you will see the increase.Who will send money when the dollar is very low
Appiah 11 months ago
You and your were buying the dollar and keeping it, and the same will happen to you.
You and your were buying the dollar and keeping it, and the same will happen to you.
Yawdonkor 11 months ago
Ah, this is as simple as anything one can imagine.
Think diasporeans are fools? What research or cajoling can sway their minds. On your paper with propaganda, the cedi has appreciated. Bread that I used to buy for 27ghs befo ... read full comment
Ah, this is as simple as anything one can imagine.
Think diasporeans are fools? What research or cajoling can sway their minds. On your paper with propaganda, the cedi has appreciated. Bread that I used to buy for 27ghs before January now sells at 30ghs, a cob of roasted corn which used to be 2 or 3 Gh’s last year now sells at 4 or 5ghs and you want me to clap for you? It is always said that we should not go against our instincts; I did and voted next and here we are, talk, talk and talk. I can’t trust any party in Ghana anymore.
It’s pathetic!
Fifi Afriyie 11 months ago
Because prices of everything have not changed to reflect the strong value of the cedi. Which means we have to up the amount of money for our remittances which we can’t afford to spend. The cedi is strong now so the value of ... read full comment
Because prices of everything have not changed to reflect the strong value of the cedi. Which means we have to up the amount of money for our remittances which we can’t afford to spend. The cedi is strong now so the value of commodities should be lower.
Ekow Yankee 11 months ago
Where did this guy get his education? What a moron. Why will I send money to Ghana with such a low dollar rate.
Where did this guy get his education? What a moron. Why will I send money to Ghana with such a low dollar rate.
Remittances have dropped because people are not satisfied with the prevailing exchange rate which leads to at least 30% loss of cedis to the sender and receiver.
Foolish man, we are not sendingany money. We have abandoned all our projects in Ghana. When we invest abroad, we get better yield. Foolish man who is artificially controlling the exchange rate of allowing the market forces t ...
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Why insulting? Why use the word “foolish man?” Let’s respect one another that’s a sign of civilised society. Just drop your comment, we are here as “One People” to share ideas and experiences.
We should learn ho ...
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I entirely agree with you. I always feel sad and disappointed when some bloggers just spew out insults if they disagree with another person’s views. Others are also wont to resort to the hackneyed NPP/NDC blame game. Am not ...
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Na lie, you have no project here in Ghana to abandon. Depreciation of the cedi goes with inflation, if you don't know. You want us to carry money in sacks, to buy a loaf of bread?
With the present exchange rate, we rather kerp Our Dollar and Euro under Our pillow
When you fix such a low rate at interbank to deceive the masses when forex bureau rates are high, this is what happens. People will rather find ways to transact with forex bureau and illegal black markets instead of bank syst ...
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HOW CAN A WHOLE CENTRAL BANK GOVERNOR SPEAK LIKE SOME DISAPPOINTED “JANGO”? ENGAGE THE CITIZENS IN THE DIASPORA, RESEARCH OTHER INNOVATIVE WAYS AND SPEAK LIKE A WELL TRAINED TECHNOCRAT. WHY ARE USING LANGUAGE LIKE “ I A ...
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Well said
THE GHANA BANKSTERS RIP OFF PEOPLE THAT GET MONEY FROM OVERSEAS SO THE REMITTANCE DROPPING PEOPLE FINDS OTHER WAYS TO GIVE DOLLARS TO THEIR RELATIVE INSTEAD OF REGULAR REMITTANCE TO DISHONEST CRIMINAL BANKS
MR.ASIAMAH THE GOV. OF BOG. THERE IS NOTHING WRONG. WE ARE NOT SENDING MORE AS WE USED TO BECAUSE OF THE MASSIVE DEPRECIATION. THE INTER -BANK RATE AND THE FOREAUX IS HUGE.
Not much is passing through your system because the difference between your bank rate and that of "ABOCHI"
is huge.So stop the propaganda rate and see if the Remittance would not increase
The artificial appreciation of the Cedi is the main reason why remittances have declined. It’s just common sense. You want your numbers to look good for political expediency and folks in the diaspora want to invest WISELY. ...
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How can someone exchange at a low rate and buy things at exorbitant price. Do the mathematics for yourself.
STUPID GOVERNMENT WITH BRAINDEAD ECONOMISTS
Keep your rate and I keep my £
We are not in hurry to complete our projects in Ghana. We will either continue to keep our dollars, euros and pounds under our pillows until the exchange rates improve or we will buy our project materials from here and send t ...
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Am advising all people in the diaspora to stop sending money to ghana.
How I wished, but we have to buy the medicines which is still expensive, even when the dollar to ghs has reduced by 42%
Reduced as much as possible, already! Gov is ripping us, the senders off! Ripping off cocoa farmers, and by Friday everyone, due to transport costs increase. This government is a disaster already!
Ghanaians don't need support from remittance. They are happy with their economic situation presently. Thanks to low inflation rate, cheap / low prices of commodities. Remittances not needed.
If remittances not needed, why Dr asiamah is yelling?
Do you understand what the governor is saying, I hope not.
Cheap? Low inflation? Must be a joke! Prices have increased, since May, dramatically! Electricity, now increase in transportation. A small tin sardines 12-13 cedis, water price increase etc. What planet are you living?
This man paaaa! Since February 2025 I have remitted any money to Ghana. Borgas heard Ghanaian saying Aban papa aba so now I ask people in Ghana for money! After the propaganda comes the consequences
Monkey de work baboon de chop. Mr governor there is no industry player manipulating the system. Who will send huge sums of dollars to Ghana with your fake stabilization of the dollar? Everyone had advised himself if you think ...
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Stupid governor, why are you pretending you dont know the reason why we have stopped sending money home? I used to buy cement at 130 ghs when a pound was 17ghs. Now a pound is less around 13ghs but cement prices remains high. ...
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Correct! 100%
I think your calculations must be wrong formally $400 gives ghc 4000.00 now that gives less than ghc 3000.00
Sorry mr governor, diasporians are too smart to allow ourselves to be manipulated by your government. I will rather buy a ticket and carry my money with me than to remit it, when doing my project, with this kind of rate.
Th ...
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It has not declined yet ooh, just imagine l was sending 1800$ dollars for my family up keep last year because the rate was good although good and services were expensive but l had the purchasing power because of then good exc ...
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Pls allow the system to flow and stop all these dollar propaganda. See how your dollar system cost our dear farmers.
I’m Building in Ghana, in January when sent 1000 dollars I can get over 150 bags of cement. Now the same thousand dollars can’t get me 100 bags. We have all stop our projects. It doesn’t make sense anymore. A bag of cem ...
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The MTOs especially MTN is making money from this angle...you guys know it. Let us not pretend. Allowing foreigners to even handle this business is not the best. It should be only the banks so every cent would be accounted fo ...
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Interested in Diaspora remittances but still don’t want them to exercise their vote during elections. Stupid wicked selfish leaders
It will take some time for us to get used to the exchange rate especially when prices haven't droped in response to the exchange rate. This have become expensive for us all of a sudden
You are very stupid and a nincompoop if you need my hard earned dollar remittance to govern the country.
Hahaha. You’re just right .
How do you expect us to send our hard earned dollars for this your politically motivated artificial rate. You haven’t seen anything yet, let me tell you, it’ll continue to decline more and more if you don’t stop this s ...
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Good job . Smart consumers . This government is bereft with ideas and competent people with foresight to predict the basic economic theory of demand and supply.
It is laughable that he is calling for an investigation. He must be so naive. It would have been prudent to have allowed the economic forces to dictate the value of the cedi rather than pumping in the dollars to keep its rate ...
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Also, the borgers have not been coming home since the cedis gained that strange appreciation ooo. If the borgers don’t come and spend or inject dollar into the economy it will affect remittances. People have stopped the pro ...
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Aburokyire ay3 den wai. We can’t be working and sending all our money back home for people to chop.
Also the romance scam is not working as well as it did a few years ago. The scammers have to improve their skills,
With the inflation and economic downturn most Americans are staying off line. Sorry 419. Now they can only s ...
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@ rate 15, $100 could buy about 18 bags of cement depending on your location BUT now @ rate 10.40 , $100 can only buy about 7 or 8 bags of cement. So we have put all our construction activities on hold . We only send chop mon ...
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Sir please, we will not bring our hard earned dollars to Ghana for a low exchange rate, and then buy a bag of cement for 130ghana cedis for our projects... please fix the mess you have created. Thank you.
Mr governor, what do you expect! I will not send my hard earned dollars for chicken change oo, we will all put our projects on hold until you guys fix the mess you have created.
I wonder why diasporan NDC supporters have not increased their remittances to offset the equation.
NDC supporters are slow learners but they are catching up. They are also realising the mess that has created. Sending their $s is not option on the table now.
Poor cocoa farmers! We wish we had the choice which you guys in the diaspora have! This year alone, "by day" labour rates have jumped by 20% @ between ghc80 to ghc100. We can't tell the already scarce labourers that Maamah ...
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I'll sell my dollar at the BLACK MARKET than deal with the Bank.
Why do we always have a negative view of the private sector. Consider also that when opposing politicians false run down the economy and country the perception of risk is heighten so much that the Ghanaian diaspora don't cons ...
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Hmm please will sending the money to Togo help? Or it can’t only help if one is spending it there.
It is not difficult to see why emittances to Ghana have significantly dropped. The cedi is artificially inflated hence people are holding on to their foreign money till about Oct, Nov when the cedi will find its true rate. I ...
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The answer is simple. I used to send about £120 per month to support my family in Ghana before the cedi appreciated. But now I have to top it up by £45 for them to get the same amount of cedis because prices of goods have n ...
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You so foolish to be the head of BoG. I guess you dont see what is going on with your exchange rate
Why there is a drop? Simple, have reduced my spending in Ghana. Especially our house project has to wait. Ghana is becoming far to expensive! Value for money is terrible!
Many immigrants can not work. Trumps policy is hitting hard especially th3 dollars .
NDC is the most dishonest, fraudulent, corrupt and violent political party in Africa. People in Diaspora are not so naive to remit at this moment when Azaa party is back in power. AZAA PROMAX
What’s wrong with this Man, you’ve artificially inflated the exchange rate, but still prices of goods are the same, who should send money at a reduced rate meanwhile prices of goods haven’t changed. I would rather inves ...
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Let me ask you don't you dollar in your office or your house who are you saying this to we Ghanaians. Mad. Dapaah hide dollar in her house and Sammy Gyamfi is having his in his car now so as you.
You think we are fools. Not untill you fix the system we will not remit a dime to that country. We have suspended all our projects until further notice. Who cares about your probes?
There's nothing to probe. Find the answer or the solution in the comments
Every dollar?? Im Ghanaian living in uk pound stronger than dollar Africa need to do away and stop using the dollar
Me Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex burea ...
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Mr Governor stop the artificial control of the exchange rrate and allow demand and supply to determine the rate and Ghanaians abroad will send the remittances. The gap between your exchange rate and that of the forex burea ...
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Massa a stop they send money. Project on hold , that fake rate . I will keep my money once i get a rate that realist i will start my project . If i should continue , i will be loosing value for my money through the purchase ...
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Bag of rice went from G120 to G80.
Container of oil went from G940 to G600.
Cement prices stayed the same. We have plans to build 40 houses/ condos, but I won't invest a cedi into building until cement prices drop.
You behave as if you employed us in Europe
Dear Governor, Ghanaians are complaining that despite the recent appreciation of the Cedi prices in Ghana are not getting lower; in some cases they are even going up. Consequently people in the diaspora have found quite a leg ...
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Increase the exchange rate at least 11.50 ghc then you will see the increase.Who will send money when the dollar is very low
You and your were buying the dollar and keeping it, and the same will happen to you.
Ah, this is as simple as anything one can imagine.
Think diasporeans are fools? What research or cajoling can sway their minds. On your paper with propaganda, the cedi has appreciated. Bread that I used to buy for 27ghs befo ...
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Because prices of everything have not changed to reflect the strong value of the cedi. Which means we have to up the amount of money for our remittances which we can’t afford to spend. The cedi is strong now so the value of ...
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Where did this guy get his education? What a moron. Why will I send money to Ghana with such a low dollar rate.