THE CEDIS WILL DEPPRECIATE MUCH MORE TO 17 CEDIS TO 1 USD BY THE END OF 2027. WHEN ALL THE GOLD RESERVES HAVE BEEN SQUANDERED AND CAN'T BE CUSHIONED ARTIFICIALLY ANYMORE.
THE CEDIS WILL DEPPRECIATE MUCH MORE TO 17 CEDIS TO 1 USD BY THE END OF 2027. WHEN ALL THE GOLD RESERVES HAVE BEEN SQUANDERED AND CAN'T BE CUSHIONED ARTIFICIALLY ANYMORE.
Fd 1 month ago
Your dreams will come true in your npp sleep!
Your dreams will come true in your npp sleep!
.mr amin 1 month ago
EM advisory what is your problem? Some people just hate the cedi to appreciate but govt should take note that it's success lies in the stability and appreciation of the cedi, the cedi should be allowed to appreciate to a sing ... read full comment
EM advisory what is your problem? Some people just hate the cedi to appreciate but govt should take note that it's success lies in the stability and appreciation of the cedi, the cedi should be allowed to appreciate to a single digit, if our purchasing power is good local business would strive and create jobs,
Daniel 1 month ago
Odwan it will depreciate in your father's house aboa
Odwan it will depreciate in your father's house aboa
Agbeli Kumordziì 1 month ago
Currency decorated with bomb throwers
Terrorists of the republic
Currency decorated with bomb throwers
Terrorists of the republic
BD. DOMINIC, MBA. 1 month ago
Ghana’s currency problem is not a mystery, and it is not about which political party is in power. It is a structural economic issue that requires technical discipline, not speeches.
A country’s currency weakens when it i ... read full comment
Ghana’s currency problem is not a mystery, and it is not about which political party is in power. It is a structural economic issue that requires technical discipline, not speeches.
A country’s currency weakens when it imports more than it produces and exports. Ghana mainly exports raw materials and imports finished goods. That means dollars keep leaving the country faster than they come in. Until we change what we produce, the cedi will always be under pressure, no matter who is president.
The solution is not just “support local businesses” in words. It requires a coordinated national industrial strategy led by technical experts, with political leaders committing to consistency for 15–20 years.
First, Ghana must move from exporting raw materials to exporting processed and manufactured goods. Cocoa should become chocolate and cosmetics. Crude oil should feed petrochemical and plastic industries. Cassava should feed industrial starch, ethanol, and pharmaceutical inputs. Bauxite should lead to aluminum products. This is where foreign exchange stability begins.
Second, we must deliberately reduce imports we are capable of producing competitively. This does not mean banning everything. It means identifying specific sectors, agro-processing, pharmaceuticals, building materials, packaging, light machinery, and giving them stable power, tax incentives tied to performance, access to long-term financing, and protection that is conditional on improving quality and exporting.
Third, policy must reward production, not just trading. Too much of our economy is import-and-sell. Banks, tax policy, and government procurement should favor companies that manufacture, add value, and create supply chains inside Ghana.
Fourth, technical institutions must lead industrial policy, not just politicians. Economists, engineers, industrial planners, and export specialists should set measurable targets: how much we reduce specific imports, how much we increase non-traditional exports, how many local inputs go into key industries.
Finally, currency strength should be the result of productivity, not artificial defense. When Ghana produces more, exports more, and keeps more dollars circulating locally, the cedi will stabilize naturally.
This is not about ideology. It is about production, value addition, exports, and discipline. Countries that developed followed this path. Ghana can too but only if we move from talking about industrialization to systematically building it.
Global politics is real, and powerful countries do protect their interests. But changing foreign allies or taking a tough geopolitical stance does not automatically build a strong economy. True independence comes from producing what we consume and exporting what the world needs.
Look at countries like China, they built industrial strength first, then gained global influence. Without strong local production, diversified exports, stable energy, and technical capacity, bold political posturing can lead to inflation, shortages, and currency pressure.
The real solution is not East vs West. It is production vs dependence. When Ghana builds industries, adds value to its raw materials, and earns steady foreign exchange, our leaders will naturally have more confidence and bargaining power on the world stage.
That keeps the focus on practical economic mechanics and puts responsibility on systems and execution, not political slogans. Economic strength is what turns sovereignty from a slogan into reality.
Mr Acheampong 1 month ago
What you say is true. However the abrupt appreciation of the Cedi caused exporters to lose approximately 35% of their income which, unless your profit margin is more than that, is unsustainable. Timber companies are going bus ... read full comment
What you say is true. However the abrupt appreciation of the Cedi caused exporters to lose approximately 35% of their income which, unless your profit margin is more than that, is unsustainable. Timber companies are going bust, fruit exporters the same. Imports are now much cheaper, affecting local competitive manufacturers negatively. Power is still going up in price and down in reliability, fuel is going up whilst the global price falls. What has been done so far by this government is precisely what you don't want to happen!
Daniel 1 month ago
This very nonsense comments why do people always want doom for this country so all this good things that are going on you people don't appreciate and always predicting foolish things here and there monfa mokwasea predictions ... read full comment
This very nonsense comments why do people always want doom for this country so all this good things that are going on you people don't appreciate and always predicting foolish things here and there monfa mokwasea predictions nkodohwan mmoaa
Jokers. Bread and butter economy
THE CEDIS WILL DEPPRECIATE MUCH MORE TO 17 CEDIS TO 1 USD BY THE END OF 2027. WHEN ALL THE GOLD RESERVES HAVE BEEN SQUANDERED AND CAN'T BE CUSHIONED ARTIFICIALLY ANYMORE.
Your dreams will come true in your npp sleep!
EM advisory what is your problem? Some people just hate the cedi to appreciate but govt should take note that it's success lies in the stability and appreciation of the cedi, the cedi should be allowed to appreciate to a sing ...
read full comment
Odwan it will depreciate in your father's house aboa
Currency decorated with bomb throwers
Terrorists of the republic
Ghana’s currency problem is not a mystery, and it is not about which political party is in power. It is a structural economic issue that requires technical discipline, not speeches.
A country’s currency weakens when it i ...
read full comment
What you say is true. However the abrupt appreciation of the Cedi caused exporters to lose approximately 35% of their income which, unless your profit margin is more than that, is unsustainable. Timber companies are going bus ...
read full comment
This very nonsense comments why do people always want doom for this country so all this good things that are going on you people don't appreciate and always predicting foolish things here and there monfa mokwasea predictions ...
read full comment