'Every dollar must enter our system' – BoG to probe drop in remittance inflows

Read Article

Comments (76)

This article is closed for comments.

Read Comments Comments (76)

Rory 4 months ago

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 4 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 4 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 4 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 4 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. 4 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 4 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 4 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 4 months ago

Well said

Well said
Edi 4 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 4 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 4 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 4 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 4 months ago

* Welcome to the best adult dating site -> Sexy24.mom

* Welcome to the best adult dating site -> Sexy24.mom
Joe 4 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 4 months ago

STUPID GOVERNMENT WITH BRAINDEAD ECONOMISTS

STUPID GOVERNMENT WITH BRAINDEAD ECONOMISTS
Coo 4 months ago

Keep your rate and I keep my £

Keep your rate and I keep my £
Nana 4 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 4 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 4 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 4 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 4 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 4 months ago

If remittances not needed, why Dr asiamah is yelling?

If remittances not needed, why Dr asiamah is yelling?
Pelicles 4 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 4 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 4 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 4 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 4 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 4 months ago

Correct! 100%

Correct! 100%
Pp 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 months ago

Hahaha. You’re just right .

Hahaha. You’re just right .
ODS-USA 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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?.. 4 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 4 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! 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 months ago

You behave as if you employed us in Europe

You behave as if you employed us in Europe
KoBakor 4 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 4 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 4 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 4 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 4 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 3 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.

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

News

'Every dollar must enter our system' – BoG to probe drop in remittance inflows

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (76)

Read Comments Comments (76)