Stanbic Launches Diaspora Mortgage Product

Read Comments Comments (13)

• OSEI OWUSU 9 years ago

  A VERY LAUDABLE VENTURE.

  A VERY LAUDABLE VENTURE.

  reply
• akas 9 years ago

  THIS IA VERY ATTRACTIVE PRODUCT IF RUN PROPERLY

  THIS IA VERY ATTRACTIVE PRODUCT IF RUN PROPERLY

  reply
• bn 9 years ago

  ARTICLE
  
  
  Depreciation of Ghana Cedi Is a Blessing In Disguise - Fifi Kwetey
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling ef ...
  read full comment

  ARTICLE
  
  
  Depreciation of Ghana Cedi Is a Blessing In Disguise - Fifi Kwetey
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the national economy, but a Deputy Minister of Finance and Economic Planning in-charge of Financial and Allied Institutions believes it’s a blessing in disguise.According to Hon. Fifi Fiavi Kwetey, the depreciation of any currency comes with advantages that could be tapped for the betterment of the country's economy.
  
  “…the depreciation of the currency should actually be a blessing for countries that are looking at exporting but the reason why we are complaining and suffering is because our country is filled with imports,” he claimed.
  
  
  This advice comes in the wake of a weak national currency which has led to demonstrations and closure of shops by the Ghana Union Traders Association (GUTA) to press home their demand for government to take action to stabilize the Cedi.
  
  Was Fiifi Kwetey being showery when he said that? What do we export that will make the depreciation of the cedi a blessing? Even Mr Kwetey is well aware we import more than what we export so how can this be a blessing to an importing country like Ghana when what we export is raw materials like cocoa, oil, gold etc that cannot even be increased in the short and medium terms to take advantage of the cedi's depreciation.? Fiifi is heralded by Ndc as one of its rising Economic gurus but his understanding of Economics is very pedestrian and I am not being foofaraw about this. It seems to me Fiifi Kwetey learnt the theories of this Economic subject without applying the practicality aspect of this Economic
  
  Fiifi Kwetey just read from a textbook which says that a devalued currency is good for export and imbibed that theory without learning further that, its practicality is more in sync with industrialized countries with manufacturing industries . He is right but sorry to say he can not apply knowledge to a situation. You do not just begin to export because the value of your currency is going down. The question is what is to be exported?, what is it that his economy is producing? In the Ghana situation, a fall of the cedi is a curse and not a blessing. This can be a blessing in China, USA, Germany, Japan, South Korea and others because these countries export a lot of manufactured goods. Is this a finance minister at the Presidency? This is empty-headedness and that is why our economy is in a mess because I shudder to believe this guy is giving financial and economic advice to the President.
  
  As I said earlier, we don't export manufacture goods to take advantage of a weak dollar. All we export is raw materials like Cocoa, oil, Gold, Timber etc and it is not like we have some of these goods in storage that we couldn't export because of high prices that we can immediately bring to the market and export.All sectors of the economy is showing negative growth and he's talking of exports. Can FiifiKwetey tell us how the depreciated cedi is a blessing to Ghana at the moment?
  
  Another area that a weakened currency can take advantage of immediately is tourism industry. A weakened Kenya Shillings will help Kenya double or triple its developed tourism industry with Safari tours from Europe, China and USA but not in Ghana where our beaches have been turned into toilets and it's an eyesore to even the locals for the depreciated cedi to take advantage of. We have a lot of tourist attractions, Paga crocodile pond, Kintampo Waterfalls, and a lot of places in Volta Region if we can develop them.

  reply
• Jay Rogue Ray Ram Liar 9 years ago

  When we are not Ghanaians to obtain dual citizenship, when we cannot contest for electoral office, when we cannot participate in your decision-making process, do we need to buy houses in Ghana?

  When we are not Ghanaians to obtain dual citizenship, when we cannot contest for electoral office, when we cannot participate in your decision-making process, do we need to buy houses in Ghana?

  reply
• Kwesi 9 years ago

  You can apply for dual citizenship whenever you want. No one is stopping you. If you don't want to buy houses in Ghana, by all means don't. No one is forcing you to buy in Ghana. It is your prerogative to do as you wish with ...
  read full comment

  You can apply for dual citizenship whenever you want. No one is stopping you. If you don't want to buy houses in Ghana, by all means don't. No one is forcing you to buy in Ghana. It is your prerogative to do as you wish with your money. This service is only for those who want to purchase property in Ghana. Not for folks such as yourself.

  reply
• gh 9 years ago

  ?
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  ?
  
  ?
  
  
  
  Justice Sarpong
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of g ...
  read full comment

  ?
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  ?
  
  ?
  
  
  
  Justice Sarpong
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the national economy, but a Deputy Minister of Finance and Economic Planning in-charge of Financial and Allied Institutions believes it’s a blessing in disguise.According to Hon. Fifi Fiavi Kwetey, the depreciation of any currency comes with advantages that could be tapped for the betterment of the country's economy.
  
  “…the depreciation of the currency should actually be a blessing for countries that are looking at exporting but the reason why we are complaining and suffering is because our country is filled with imports,” he claimed.
  
  
  This advice comes in the wake of a weak national currency which has led to demonstrations and closure of shops by the Ghana Union Traders Association (GUTA) to press home their demand for government to take action to stabilize the Cedi.
  
  Was Fiifi Kwetey being showery when he said that? What do we export that will make the depreciation of the cedi a blessing? Even Mr Kwetey is well aware we import more than what we export so how can this be a blessing to an importing country like Ghana when what we export is raw materials like cocoa, oil, gold etc that cannot even be increased in the short and medium terms to take advantage of the cedi's depreciation.? Fiifi is heralded by Ndc as one of its rising Economic gurus but his understanding of Economics is very pedestrian and I am not being foofaraw about this. It seems to me Fiifi Kwetey learnt the theories of this Economic subject without applying the practicality aspect of this Economic theory.
  
  Fiifi Kwetey just read from a textbook which says that a devalued currency is good for export and imbibed that theory without learning further that, its practicality is more in sync with industrialized countries with manufacturing industries . He is right but sorry to say he can not apply knowledge to a situation. You do not just begin to export because the value of your currency is going down. The question is what is to be exported?, what is it that his economy is producing? In the Ghana situation, a fall of the cedi is a curse and not a blessing. This can be a blessing in China, USA, Germany, Japan, South Korea and others because these countries export a lot of manufactured goods. Is this a finance minister at the Presidency? This is empty-headedness and that is why our economy is in a mess because I shudder to believe this guy is giving financial and economic advice to the President.
  
  As I said earlier, we don't export manufactured goods to take advantage of a weak dollar. All we export is raw materials like Cocoa, oil, Gold, Timber etc and it is not like we have some of these goods in storage that we couldn't export because of high prices that we can immediately bring to the market and export.All sectors of the economy is showing negative growth and he's talking of exports. Can FiifiKwetey tell us how the depreciated cedi is a blessing to Ghana at the moment when we don't have any available goods to export?
  
  Another area that a weakened currency can take advantage of immediately is tourism industry. A weakened Kenya Shillings will help Kenya double or triple its developed tourism industry with Safari tours from Europe, China and USA but not in Ghana where our beaches have been turned into toilets and it's an eyesore to even the locals for the depreciated cedi to take advantage of. We have a lot of tourist attractions, Paga crocodile pond, Kintampo Waterfalls, and a lot of places in Volta Region if we can develop them.
  
  
  
  
  Fiifi Flavi Kwetey is your typical Ghanaian educated illiterate with a "chew and pour" theory based education and not practically challenged mind. We have a lot of these people in the present Mahama administration and not because we don't have well educated Economist and financial gurus in Ndc, we do with people like Dr. Botwe, Kwame Peprah,Dr. Cadman Mills etc but it seems to me President Mahama cannot deal with strong characters who can disagree with him so he has surrounded himself with praise singers, children with sharp teethes, Yes Sir 'Massa' types who are all willing to do anything to please him irrespective of how it will affect economy. You listen to people like Afriyie Ankrah, Fiifi, Ofosu Kwakye, Yamin and others and you start shaking your head about what Mahama saw in them to make them Ministers.
  
  
  
  
  Justice Sarpong
  
  
  
  
  (CARDINAL of TRUTH)

  reply
• gh 9 years ago

  ?
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  ?
  
  ?
  
  
  
  Justice Sarpong
  
  
  
  
  
  
  
  
  
  
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  The devalu ...
  read full comment

  ?
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  ?
  
  ?
  
  
  
  Justice Sarpong
  
  
  
  
  
  
  
  
  
  
  
  Depreciation Of Ghana Cedi Is A Blessing In Disguise - Fifi Kwetey
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the national economy, but a Deputy Minister of Finance and Economic Planning in-charge of Financial and Allied Institutions believes it’s a blessing in disguise.According to Hon. Fifi Fiavi Kwetey, the depreciation of any currency comes with advantages that could be tapped for the betterment of the country's economy.
  
  “…the depreciation of the currency should actually be a blessing for countries that are looking at exporting but the reason why we are complaining and suffering is because our country is filled with imports,” he claimed.
  
  
  This advice comes in the wake of a weak national currency which has led to demonstrations and closure of shops by the Ghana Union Traders Association (GUTA) to press home their demand for government to take action to stabilize the Cedi.
  
  Was Fiifi Kwetey being showery when he said that? What do we export that will make the depreciation of the cedi a blessing? Even Mr Kwetey is well aware we import more than what we export so how can this be a blessing to an importing country like Ghana when what we export is raw materials like cocoa, oil, gold etc that cannot even be increased in the short and medium terms to take advantage of the cedi's depreciation.? Fiifi is heralded by Ndc as one of its rising Economic gurus but his understanding of Economics is very pedestrian and I am not being foofaraw about this. It seems to me Fiifi Kwetey learnt the theories of this Economic subject without applying the practicality aspect of this Economic theory.
  
  Fiifi Kwetey just read from a textbook which says that a devalued currency is good for export and imbibed that theory without learning further that, its practicality is more in sync with industrialized countries with manufacturing industries . He is right but sorry to say he can not apply knowledge to a situation. You do not just begin to export because the value of your currency is going down. The question is what is to be exported?, what is it that his economy is producing? In the Ghana situation, a fall of the cedi is a curse and not a blessing. This can be a blessing in China, USA, Germany, Japan, South Korea and others because these countries export a lot of manufactured goods. Is this a finance minister at the Presidency? This is empty-headedness and that is why our economy is in a mess because I shudder to believe this guy is giving financial and economic advice to the President.
  
  As I said earlier, we don't export manufactured goods to take advantage of a weak dollar. All we export is raw materials like Cocoa, oil, Gold, Timber etc and it is not like we have some of these goods in storage that we couldn't export because of high prices that we can immediately bring to the market and export.All sectors of the economy is showing negative growth and he's talking of exports. Can FiifiKwetey tell us how the depreciated cedi is a blessing to Ghana at the moment when we don't have any available goods to export?
  
  Another area that a weakened currency can take advantage of immediately is tourism industry. A weakened Kenya Shillings will help Kenya double or triple its developed tourism industry with Safari tours from Europe, China and USA but not in Ghana where our beaches have been turned into toilets and it's an eyesore to even the locals for the depreciated cedi to take advantage of. We have a lot of tourist attractions, Paga crocodile pond, Kintampo Waterfalls, and a lot of places in Volta Region if we can develop them.
  
  
  
  
  Fiifi Flavi Kwetey is your typical Ghanaian educated illiterate with a "chew and pour" theory based education and not practically challenged mind. We have a lot of these people in the present Mahama administration and not because we don't have well educated Economist and financial gurus in Ndc, we do with people like Dr. Botwe, Kwame Peprah,Dr. Cadman Mills etc but it seems to me President Mahama cannot deal with strong characters who can disagree with him so he has surrounded himself with praise singers, children with sharp teethes, Yes Sir 'Massa' types who are all willing to do anything to please him irrespective of how it will affect economy. You listen to people like Afriyie Ankrah, Fiifi, Ofosu Kwakye, Yamin and others and you start shaking your head about what Mahama saw in them to make them Ministers.
  
  
  
  
  Justice Sarpong
  
  
  
  
  (CARDINAL of TRUTH)

  reply
• Ben 9 years ago

  I hear lower interest rates but how low is it? If you can compete with the interest rates being offered by my bank here in the States, the it will be wiser for me to use your services.

  I hear lower interest rates but how low is it? If you can compete with the interest rates being offered by my bank here in the States, the it will be wiser for me to use your services.

  reply
• Pontius Pilate 9 years ago

  The weak domestic economy is the driving force behind this business decision. Operating a mortgage service in Ghana is a nightmare considering low income levels, high cost of building and a very very weak and unstable currenc ...
  read full comment

  The weak domestic economy is the driving force behind this business decision. Operating a mortgage service in Ghana is a nightmare considering low income levels, high cost of building and a very very weak and unstable currency.
  
  The wisest thing to do is therefore target people whose income is not devalued by the day.
  
  Per the exchange rate now my take home is now $250 a month. How do I qualify for a morgage and provide decent housing for my family

  reply
• notes 9 years ago

  Deputy Minister of Education in charge of tertiary, Mr. Samuel Okudzeto Ablakwa, has reiterated that the US Embassy and the US Government will have to do more in the current tweeter comment saga.
  
  He argued “this is about ...
  read full comment

  Deputy Minister of Education in charge of tertiary, Mr. Samuel Okudzeto Ablakwa, has reiterated that the US Embassy and the US Government will have to do more in the current tweeter comment saga.
  
  He argued “this is about Ghana, our Sovereign Republic, which is at stake and not a political party, ...Our laws are very clear. Foreigners cannot engage in politics or meddle with our affairs."The tweet reads "As a people, we have had to make sacrifices. I wish to assure you that the results of these sacrifices would begin to show very soon." The US Embassy re-tweeted, “And what sacrifices are you making? Don't tell me that pay cut."
  
  
  
  General News of Friday, 18 July 2014
  
  Source: myjoyonline.com
  
  Ghana is a vibrant country with huge potential – UK High Commissioner
  
  
  The new United Kingdom High Commissioner to Ghana, Mr. Jon Benjamin, has described Ghana as a vibrant country with huge potential.
  Mr. Jon Benjamin believes Ghana, which he says has “a network of relationship with the UK which is second to none,” is a country of great potential.
  
  
  
  Let's really see that Mahaha and his useless Ndc government is upset by rejecting any aid or loan coming from USA government or any agency associated with USA.
  
  Let Mahama boycott his upcoming visit to USA in August and cut diplomatic relations with USA and then we will know that he is serious instead of hiding behind an Ndc organized demonstration and and calling it Ghanaians.
  
  Disgraceful Mahama and his corrupt administration should spare us this childish nonsense. Americans will get pictures of anybody who will take part of this demonstration and will never get any visa to USA.
  
  would you be complaining about the American Embassy flaunting our sovereignty if the Embassy had tweeted that Mahama and his administration are sacrificing personally because they have cut cut their salaries and Ghanaians should be proud of the government we have?
  
  Be truthful because some Embassies and foreign agencies have commended this government when inflation was 8 percent and I did not hear any complaints from government officials about foreigners butting into our internal politics.
  
  I guess when it is a praise, then our sovereignty is well and sound huh? What a country.
  
  
  Don't say Ghanaians. Rather say Ndc fool soldiers are going to be given jorums of akpeteshie to drink and sent out there because based on the response Ghanaians have given, they are in sync with what the Embassy said.
  
  Send your foolish ndc foot soldiers out there and identify them as ndc is demonstrating against the American Embassy.

  reply
• me 9 years ago

  factor in 17.5% taxes for each transaction

  factor in 17.5% taxes for each transaction

  reply
• bn 9 years ago

  : Economist
  I love the subject of Economics and therefore agree totally with Dr. Richard Akomeah. When the NDC came they politicised the cocoa spraying to the extent that Ghana's cocoa production has fallen and Fiifi is tal ...
  read full comment

  : Economist
  I love the subject of Economics and therefore agree totally with Dr. Richard Akomeah. When the NDC came they politicised the cocoa spraying to the extent that Ghana's cocoa production has fallen and Fiifi is talking of exports? All sectors of the economy is showing negative growth and he's talking of exports. Where are all the monies that could have been utilized to prop up the economy? Are they not in the pockets of your cronies? You people have goofed big time. It's only the ignorant, bootlickers, psycophants, THIEVES, CHEATS and LIARS who are still following you. this Party is a big DISGRACE!!!!
  
  
  
  
  
  
  
  
  
  
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  Depreciation of Ghana Cedi Is a Blessing In Disguise - Fifi Kwetey
  
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  10-Jul-2014 Comments ( 89) Email Print
  
  
  
  
  
  
  
  
  
  
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  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the national economy, but a Deputy Minister of Finance and Economic Planning in-charge of Financial and Allied Institutions believes it’s a blessing in disguise.
  
  According to Hon. Fifi Fiavi Kwetey, the depreciation of any currency comes with advantages that could be tapped for the betterment of the country's economy.
  
  “…the depreciation of the currency should actually be a blessing for countries that are looking at exporting but the reason why we are complaining and suffering is because our country is filled with imports,” he claimed.
  
  Hon. Fifi Kwetey made this disclosure during an exclusive interview with Nana Osei Mensah of PEACE FM on the ways to tackle the sharp fall of the Cedi against the major trading currencies.
  
  The Deputy Minister of Finance and Economic Planning who doubles as the Member of Parliament for Ketu South also charged the youth of Ghana to make the most of the situation by going into exportation.
  
  “…we need to have, especially our young people, looking at what has happened to our currency and ask question as to what we can do in order to go into export. When we talk about export, we are not just talking about exporting to Europe and America or to China but to our West-African neighbors and Africa as a whole,” he said.
  
  This advice comes in the wake of a weak national currency which has led to demonstrations and closure of shops by the Ghana Union Traders Association (GUTA) to press home their demand for government to take action to stabilize the Cedi.
  
  
  
  
  
  
  
  Name: kojott m
  what a load of claptrap!!!. Is that all you can say after using my taxes to further your education in London? I pity your lecturers, they might be reading a load of nwura in your papers. you are not intelligent at all cos you are going thru the classroom but nothing is going thru you from your lectures. what an empty head. next time fiifi think before you open your mouth and stop putting your dirty feet in that mouth every time you open it
  
  
  
  Name: FAKOR
  WOW BY EXTENSION A SPINNER IS A METAL SO YOU CAN USE IT AS HAMMER
  
  
  
  Name: AYIGBE SAMMY
  LOOK AT THIS BABY WITH SHARP TEETH WHO COMPARES HIMSELF TO DR. BAWUMIAH. NDC ECONMICS IS THE BEST IN THE WORLD. GREETINGS TO PRESIDENT MAHAMA OF REPUBLIC OF CORRUPTION.
  
  
  
  Name: Patriotic Citizen
  ***barred word*** and ignorant Fiifi Kwettey. How can this be a blessing in disguise. This depreciation has been caused by the NDC government mismanagement, corruption at its best, and the create, loot and share mantra as being the norm of the day. What happened to the spirit of June 4th? Probity and accountability, where are you? I wish you were here. Please somebody bring back the days of the revolution and let the blood of the wicked flow. All this thievery, robbery and corruption happening in broad daylight with impunity. Then you have the nerve to say Jack? Lord have mercy! Do you know how much money those of us patriotic and industrious citizens abroad who opted to do business back home have endured because of these unpatriotic acts of immorality and financial indiscipline. To hell with your thoughts and ideas. Fire burn you and burn you well & good!!!
  
  
  
  Name: AKO
  This bunch of NDC ministers are the lukiest people in Ghana. Busia government devalue cedi by less than 5 percent and he was overthrown by Acheampong with some ministers spending a couple of months and years in jail. Fifi Kwartey deserve to be jailed. A so-called economist? He knows nothing
  
  
  
  Name: AYIGBEMAN
  LOOK AT THE TYPE OF PEOPLE RULING GHANA. OH GHANA MY MOTHERLAND WHAT AT ALL HAVE YOU DONE TO DESERVE TO BE RULED BY THESE CREATE LOOT AND SHARE STEALERS NDC.
  
  
  
  Name: akonoba
  The Bole Mahama has no clue. Did Mahama put it in NDC manifesto as policy for depreciation of the cedi??? This is ridiculous. It is only Mahama govt that has a policy of depreciation and target higher inflation. What a Mahama we have as a president.
  
  
  
  Name: Garbby, Toronto
  @Mercy, after you do your export won't you convert your dollars back into Cedis? And how much business would you be able to transact with a depreciated cedi? NDC folks should be mindful that at least not everyone in Ghana is illiterate. Even if you wannna export now that the dollar is up against the Cedi the dynamics of doing so will always be up from labour, to energy, water, workers salaries, transportation etc. In other words, an employee that was payed Gh1 will now seek Gh3 or Gh4 because his/her salary cannot afford the convenience he/she desires.
  
  
  
  Name: kaf
  has this guy got sense at all ? he doesn't feel the current crisis so that all he has to say.if the prez surrounds the presidency with guys like this ,how can he succeed ?total nonsense
  
  
  
  Name: yaah
  OOOOOH!!!! Ama Gh TIB)NK)SO ABAN PAAAA

  reply
• bn 9 years ago

  Depreciation of Ghana Cedi Is a Blessing In Disguise - Fifi Kwetey
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the n ...
  read full comment

  Depreciation of Ghana Cedi Is a Blessing In Disguise - Fifi Kwetey
  
  
  The devaluation of Ghana’s Cedi against the major trading currencies is of great concern to importers and traders due to its rippling effects on the national economy, but a Deputy Minister of Finance and Economic Planning in-charge of Financial and Allied Institutions believes it’s a blessing in disguise.According to Hon. Fifi Fiavi Kwetey, the depreciation of any currency comes with advantages that could be tapped for the betterment of the country's economy.
  
  “…the depreciation of the currency should actually be a blessing for countries that are looking at exporting but the reason why we are complaining and suffering is because our country is filled with imports,” he claimed.
  
  
  This advice comes in the wake of a weak national currency which has led to demonstrations and closure of shops by the Ghana Union Traders Association (GUTA) to press home their demand for government to take action to stabilize the Cedi.
  
  Was Fiifi Kwetey being showery when he said that? What do we export that will make the depreciation of the cedi a blessing? Even Mr Kwetey is well aware we import more than what we export so how can this be a blessing to an importing country like Ghana when what we export is raw materials like cocoa, oil, gold etc that cannot even be increased in the short and medium terms to take advantage of the cedi's depreciation.? Fiifi is heralded by Ndc as one of its rising Economic gurus but his understanding of Economics is very pedestrian and I am not being foofaraw about this. It seems to me Fiifi Kwetey learnt the theories of this Economic subject without applying the practicality aspect of this Economic theory.

  reply