Hoteliers fume at Bank of Ghana

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Whatever 10 years ago

You want us to endanger the value of the cedi because as for you, you want to horde dollars into your safes and care less as the cedi suffer credibility crisis. You can collect the cedi and and go and exchange it at the burea ...
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You want us to endanger the value of the cedi because as for you, you want to horde dollars into your safes and care less as the cedi suffer credibility crisis. You can collect the cedi and and go and exchange it at the bureau for dollars but Dollars can't be allowed to be used as the exchange in hotels which is part of Ghana
GHANAian 10 years ago

""Hoteliers from Royal Fiesta Hotel, Holiday Inn Hotel and African Regent Hotel, expressed their grievances to the Ministry of Tourism at a stakeholders’ meeting on the dollarization of the country’s economy at the Coconu ...
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""Hoteliers from Royal Fiesta Hotel, Holiday Inn Hotel and African Regent Hotel, expressed their grievances to the Ministry of Tourism at a stakeholders’ meeting on the dollarization of the country’s economy at the Coconut Grove Regency Hotel in Accra on Tuesday."
IT IS SOMETIMES VERY HARD TO IMBIBE PEOPLES' BLUFF. WHAT THE HELL CAN A HOTEL FUME ON GOVERNMENT LAWS. I PRAY THAT THIS NEW LAW TAKES EFFECT IMMEDIATELY AND WITH TASK FORCE TO CONTROL IT.
DON'T THE HOTELIERS FEEL ASHAMED OF THEMSELVES??
Ada Boy 10 years ago

The hoteliers must explain to the average person on the street why the need for them to run a parallel currency to the local cedi?
These are the economic saboteurs and they need to be rein for the sake of sanity in our count ...
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The hoteliers must explain to the average person on the street why the need for them to run a parallel currency to the local cedi?
These are the economic saboteurs and they need to be rein for the sake of sanity in our country.The BOG and the finance ministry are the only authorized state authorities that decides how we conduct trade and commerce in this country.
Illegal structures,rubber stamp parliament,unburied corpses and state funerals for everyone! What the hell is going on here?
GHFUO, be serious & change ur MENtali 10 years ago

SILLY FIESTA. THE UGLY GIRLS WHO DO ROOM SERVICE STINK. THER STEAL UR SHIT AND WHEN THEY K NOCK ON UR DOOR N SAY"HOUSE KEEPING" THEY OPEN THE DOOR AND BARGE IN...FOOLS
BOG MUST MAKE IT LAW, MAKE IT ILLEGAL TO COLLECT MONEY I ...
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SILLY FIESTA. THE UGLY GIRLS WHO DO ROOM SERVICE STINK. THER STEAL UR SHIT AND WHEN THEY K NOCK ON UR DOOR N SAY"HOUSE KEEPING" THEY OPEN THE DOOR AND BARGE IN...FOOLS
BOG MUST MAKE IT LAW, MAKE IT ILLEGAL TO COLLECT MONEY IN ANY OTHER CURRENCY ASIDE FROM THE CEDI. THESE HOTELS SHOULD HAVE AFTER HRS CURRENCY EXCHANGE OFFICES IN THEIR HOTELS THAT CHARGE VISITORS A NOMINAL FEE TO EXCHANGE DOLLARS OR ETC TO CEDIS. U ARE FUMING AT THE GOVT, BUT DONT U THINK WE R FUMING AT THESE EXORBITANT HOTEL RATES INGH?
Ghanaian 10 years ago

Just do whatever transaction in Ghana cedi and its a problem. your own currency you dont want to use it, Ghana cedi or Ghana cedi and nothing else. If those tourist do not value our cedi and cannot do transaction in cedi when ...
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Just do whatever transaction in Ghana cedi and its a problem. your own currency you dont want to use it, Ghana cedi or Ghana cedi and nothing else. If those tourist do not value our cedi and cannot do transaction in cedi when they are Ghana, they can go and burn the sea.Enough of these nonsense.
Fooooooooolish Ghanaians!!
ROGUE LAWYER 10 years ago

do the owners of the Hotels pay their workers in Dollars?
what type of lawless Country are we trying to build?

if you want Dollars go to America and operate your Hotel.

why should the whole Country allow very few Peo ...
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do the owners of the Hotels pay their workers in Dollars?
what type of lawless Country are we trying to build?

if you want Dollars go to America and operate your Hotel.

why should the whole Country allow very few People to enrich themselfs to the disadvantages of the masses?
Mr. Mensah 10 years ago

LET US TRY TO DO THE RIGHT THINGS NOW.AFTER DOING THE WRONG THING FOR SO LONG. IN LONDON YOU DON'T PAY FOR YOUR BILLS IN EVEN DOLLARS BUT IN POUNDS. WHAT IS NECESSARY IS ADEQUATE ARRANGEMENTS MUST BE MADE TO CHANGE THE THE FO ...
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LET US TRY TO DO THE RIGHT THINGS NOW.AFTER DOING THE WRONG THING FOR SO LONG. IN LONDON YOU DON'T PAY FOR YOUR BILLS IN EVEN DOLLARS BUT IN POUNDS. WHAT IS NECESSARY IS ADEQUATE ARRANGEMENTS MUST BE MADE TO CHANGE THE THE FOREX INTO THE CEDI IN THESE HOTELS.
Kwame 10 years ago

In london you can pay for hotel bills in dollars. Hotels should be exempt from thie draconian law or else the whole tourism industry will collapse.

In london you can pay for hotel bills in dollars. Hotels should be exempt from thie draconian law or else the whole tourism industry will collapse.
oracle 10 years ago

Don't tell lies. the only places foreign currencies of other countries are accepted are at border crossings - duty free, airports, etc. No country allows another country's currency as legal tender - except Ghana until 3 weeks ...
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Don't tell lies. the only places foreign currencies of other countries are accepted are at border crossings - duty free, airports, etc. No country allows another country's currency as legal tender - except Ghana until 3 weeks ago
MENSAH 10 years ago

If tourists can change their dollars into cedis at their hotels,then the hotels should also help them with dollars,when they are going back to their destinations.
USING CEDIS IN GHANA SHOULDN'T BE A PROBLEM,AT ALL.
IT IS OU ...
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If tourists can change their dollars into cedis at their hotels,then the hotels should also help them with dollars,when they are going back to their destinations.
USING CEDIS IN GHANA SHOULDN'T BE A PROBLEM,AT ALL.
IT IS OUR MONEY AND HAS TO BE USED AND RESPECTED.IT HAS TO BE THE ONLY MEDIUM OF EXCHANGE,IN GHANA.
PERIOD.
Kwame 10 years ago

I have passed through major airports and have had no problems changing US $ into transient or final destination's currency. Ghana has a problem because the leaders have bitten more than they can swallow and are restricting co ...
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I have passed through major airports and have had no problems changing US $ into transient or final destination's currency. Ghana has a problem because the leaders have bitten more than they can swallow and are restricting commerce and free enterprise. If they had executed proper policies instead of borrowing and chop chop, the cedi would have appreciated and probably worth more than the dollar. Pure supply and demand and if u deny it, it will come back and bite u. The British pound is of more value than the $. Govt's job is to encourage free enterprise and not to restrict it
Kwaku Amexo 10 years ago

In as much as I agree that Cedis should be used in Ghana, there should be great caution as far as hospitality industry is concerned. Tourists visit for experience. If I arrive at the airport, get to my hotel day or night wher ...
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In as much as I agree that Cedis should be used in Ghana, there should be great caution as far as hospitality industry is concerned. Tourists visit for experience. If I arrive at the airport, get to my hotel day or night where should I get cedis to use? Until there are adequate measures to make the change of currency painless other currencies should be used in hospitality business. If I am not happy I will not return. You make more money from repeated customers than one time customers.
oracle 10 years ago

when you arrive in Accra with your fancy too known attitude use your plastic - guess what the ATM's dispense Ghana Cedi. Stop making fucking excuses and respect the country or stay out

when you arrive in Accra with your fancy too known attitude use your plastic - guess what the ATM's dispense Ghana Cedi. Stop making fucking excuses and respect the country or stay out
Yoya 10 years ago

Straight like that.
Fit in or Fuck off,period!

Straight like that.
Fit in or Fuck off,period!
MENSAH 10 years ago

I think,it would help the hotels in securing lots of dollars,if foreigners do exchange of their money(dollars)into cedis at their hotels.
There shouldn't be any problem there,I think.
IT'S LEFT WITH THE HOTELS TO MAKE AVAIL ...
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I think,it would help the hotels in securing lots of dollars,if foreigners do exchange of their money(dollars)into cedis at their hotels.
There shouldn't be any problem there,I think.
IT'S LEFT WITH THE HOTELS TO MAKE AVAILABLE CEDIS,TO HELP THE FOREIGNERS THAT USE THEIR HOTELS.
In 1993 I went to CHINA from Toronto,on a business trip.
They have an office that changed my dollars into their currency,right at the hotel.
NO BIG DEAL,HERE IN GHANA,IF THE HOTELS ALSO DO THE SAME.
ADJEI 10 years ago

We all complain and lambast the president as being inefficient, lazy, lack ideas to all sorts of personal insults. But when the government or its agency comes out with a directive that affects some segment of our society, the ...
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We all complain and lambast the president as being inefficient, lazy, lack ideas to all sorts of personal insults. But when the government or its agency comes out with a directive that affects some segment of our society, they complain about how that will affect the economy. Which economy are they talking about? We need to stop the complaints and step up to the plate to clean out the mess created by us Ghanaians. Hotels, Real estates, private companies, and gov't organizations should all comply.
oracle 10 years ago

Hear hear

Hear hear
KS 10 years ago

I wish remind the hoteliers that ' if you are in Rome you do as the Romans' period

I wish remind the hoteliers that ' if you are in Rome you do as the Romans' period
Concerned Ghanaian 10 years ago

If these draconian and ineffective laws are what these half-baked economists and policymakers including the finance minister could prescribe for the resurrection of the ailing cedi, then our country Ghana is in big big troubl ...
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If these draconian and ineffective laws are what these half-baked economists and policymakers including the finance minister could prescribe for the resurrection of the ailing cedi, then our country Ghana is in big big trouble. These class one economists and policy makers are going to collapse Ghana. We should all wait and see what would have happened to the economy by the end of June 2014. Book long irrelevant brain dead academics.
OKOFO 10 years ago

The only legal tender in Ghana is the Cedi. Any foreigners operating business in Ghana as well as Ghanaian businessowners must respect the laws of the country. There is no where in UK that hotels are allowed to charge any cur ...
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The only legal tender in Ghana is the Cedi. Any foreigners operating business in Ghana as well as Ghanaian businessowners must respect the laws of the country. There is no where in UK that hotels are allowed to charge any currency apart from sterling, in the US only dollar is accepted and in Europe the Euro is the only legal tender. If these hotel owners want to charge $ then they must move their business to USA. We are complaining bitterly about the fall in the value of the cedi but we ready to assist foreigners to transact business in Ghana in dollars indirectly increasing demand for the $ resulting to decrease in the value of the cedi. We Ghanaians are our own enemies for our own problems - our taste for everything foreign is so bad and needs to be changed and the time to do it is now. Lets put politics aside and face reality.
Isaac Kusi, Bronx, NY. 10 years ago

Holiday Inn should allow visiting Ghanaians coming to their hotels in USA to accept payment in Cedis.

Holiday Inn should allow visiting Ghanaians coming to their hotels in USA to accept payment in Cedis.
GHFUO, be serious & change ur MENtali 10 years ago

GO TO THE WALDORF IN MANHATTAN WITH CEDIS N SEE IF THEY DONT CALL NYPD ON UR BLECK ASS!

GO TO THE WALDORF IN MANHATTAN WITH CEDIS N SEE IF THEY DONT CALL NYPD ON UR BLECK ASS!
dan 10 years ago

AND RE-THINK THEIR GHANA INVESTMENTS
THE GOVRENMENT OF GHANA IS DOING ANYTHING TO MAKE INVESTORS RUN AWAY FROM GHANA AND SLOWLY SLOWLY IT WILL HAPPEN

AND RE-THINK THEIR GHANA INVESTMENTS
THE GOVRENMENT OF GHANA IS DOING ANYTHING TO MAKE INVESTORS RUN AWAY FROM GHANA AND SLOWLY SLOWLY IT WILL HAPPEN
Guardian 10 years ago

Hotels services must be paid in Cedis. Why should they insist on $ payments in Ghana. There is no nation where hotels insist that clients should pay in a currency that is not their home currency. What are the hotels complaini ...
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Hotels services must be paid in Cedis. Why should they insist on $ payments in Ghana. There is no nation where hotels insist that clients should pay in a currency that is not their home currency. What are the hotels complaining about ?? Why do they need to hoard the $$. They pay for services, utilities, labor in Cedis so why they need payment in US$
oracle 10 years ago

Actually they don't insist on anyone paying in Dollars. I agree with the govt but the hotels displays their rates in Dollar - which is what should stop - but you can pay in cedi if you so wish and you have a briefcase full of ...
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Actually they don't insist on anyone paying in Dollars. I agree with the govt but the hotels displays their rates in Dollar - which is what should stop - but you can pay in cedi if you so wish and you have a briefcase full of cash
Concerned 10 years ago

"According to them, the hospitality industry has over the years contributed immensely to the generation of revenue and therefore it should be exempt from the new directives."

Maybe it was the person who wrote this story - ...
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"According to them, the hospitality industry has over the years contributed immensely to the generation of revenue and therefore it should be exempt from the new directives."

Maybe it was the person who wrote this story - Ghana journalists too, but that's another story. There isn't even a single point made to try to defend why hotels should be allowed to quote prices in $.

So if a corrupt politician says, i should be allowed to do my thing because i have made money and paid taxes to gov't, should we allow them. The desire to charge prices in $ is simply a selfish, self-profiting agenda by the hotels. Your business will not die because you price in Cedis. You will probably make less/marginal losses in currency conversion, but all your costs (labor, utlities, etc) are in Cedis, so why do you need to be paid in dollar denominations.

With GPHA at least, we can see how they would spend the actual $ in activities overseas, but hotels...?
EZEKIEL 10 years ago

WHY do they fume ??
If you come, just CHANGE some spending money into Ghana Cedis and enjoy your holidays !! Ghanaians are too something!!!!!

WHY do they fume ??
If you come, just CHANGE some spending money into Ghana Cedis and enjoy your holidays !! Ghanaians are too something!!!!!
GHFUO, be serious & change ur MENtali 10 years ago

THE GREEDY GH HOTELS ARE FUMING BCOS THEY R GREEDY. NOT ONLY ARE THEY CHARGING 200PLUS DOLLARS PER NIGHT FOR A ROOM. THEY ALSO WANT THE FOREIGN CURRENCIES LIKE THE POUNDS, DOLLARS BCOS THESE CURRENCIES USUALLY APPRECIATE. THE ...
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THE GREEDY GH HOTELS ARE FUMING BCOS THEY R GREEDY. NOT ONLY ARE THEY CHARGING 200PLUS DOLLARS PER NIGHT FOR A ROOM. THEY ALSO WANT THE FOREIGN CURRENCIES LIKE THE POUNDS, DOLLARS BCOS THESE CURRENCIES USUALLY APPRECIATE. THE MORE POUNDS, DOLLARS U HVE, THE BETTER. THE CEDI WILL DIP 99PERCENT OF THE TIME SO THEY DONT EVENT WANT TO KEEP IT...LOL
Akos 10 years ago

Do these hoteliers use Dollars in Europe when visiting any EU country GH is on the right track for the first time in fighting money laundering & dubious characters parading around with luggages filled with Dollar notes ...
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Do these hoteliers use Dollars in Europe when visiting any EU country GH is on the right track for the first time in fighting money laundering & dubious characters parading around with luggages filled with Dollar notes which has led to the state we have found our state in.
whatever 10 years ago

where ever you go to pay taxes, duties or a simple ID card, the officials ask for Dollar instead of Cedis. Every price everywhere is based in USD as we are working for us and not Ghana. The song "because of Dollars !" is just ...
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where ever you go to pay taxes, duties or a simple ID card, the officials ask for Dollar instead of Cedis. Every price everywhere is based in USD as we are working for us and not Ghana. The song "because of Dollars !" is just horrible.
K Man 10 years ago

The hoteliers are trying to use this as an excuse. Simply quote the price in dollars if they want to BUT payment has to be made in Cedis.
This will help reduce the demand for dollars and help strike a balance.

BOG has be ...
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The hoteliers are trying to use this as an excuse. Simply quote the price in dollars if they want to BUT payment has to be made in Cedis.
This will help reduce the demand for dollars and help strike a balance.

BOG has been useless in most things but agree 100% with this.

Hoteliers fume at Bank of Ghana

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