It seems much of true African brains are working now.
It seems much of true African brains are working now.
Nana 5 months ago
No body is questioning forex intermediation. Why, will this be the first time it is being done? It is the quantum and it's impact that is worrying. For an economy that is worth 80 billion dollars in nominal terms, to pump 10 ... read full comment
No body is questioning forex intermediation. Why, will this be the first time it is being done? It is the quantum and it's impact that is worrying. For an economy that is worth 80 billion dollars in nominal terms, to pump 10 billion dollars in less than a year for forex intervention is insane. Put into perspespective, if this continues, in 4 years, we would have pumped over 40% of our gdp which is currently growing at 4% pa for that purpose. That is how unsustainable it is.
Nana 1 week ago
So Mr. Kwaakye has confirmed that the BOG is doing direct injection of fx from reserves into the market. That is technically different from intermediation.
So Mr. Kwaakye has confirmed that the BOG is doing direct injection of fx from reserves into the market. That is technically different from intermediation.
It seems much of true African brains are working now.
No body is questioning forex intermediation. Why, will this be the first time it is being done? It is the quantum and it's impact that is worrying. For an economy that is worth 80 billion dollars in nominal terms, to pump 10 ...
read full comment
So Mr. Kwaakye has confirmed that the BOG is doing direct injection of fx from reserves into the market. That is technically different from intermediation.