Nii Moi rubbishes Bawumia's "false" analysis

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SAMMY 9 years ago

BAWUMIAH ECONOMIC IS EMPTY AND HAS AGENDA TO CONFUSE GHANAIANS. FAILED AGENDA1

BAWUMIAH ECONOMIC IS EMPTY AND HAS AGENDA TO CONFUSE GHANAIANS. FAILED AGENDA1
OYOKOBA 9 years ago

Nii Moi is just a smooth talker providing solace to disheveled NDCeivers.

Nii Momone wants to project as the NDCeivers counterweight to Bawumia, but when you follow closely his drift, you would realize he is just tailgating ...
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Nii Moi is just a smooth talker providing solace to disheveled NDCeivers.

Nii Momone wants to project as the NDCeivers counterweight to Bawumia, but when you follow closely his drift, you would realize he is just tailgating Bawumia with the hope to catch some of his shine. But it ain't working, Bawumia has a lot more credibility and believability about him than Nii Moi Thompson.
obiba JK 9 years ago

It seems Dr. Nii Moi is all over the place trying to explain the simple fact that the Cedi has depreciated a lot more than announced by the Bank of Ghana. However much Dr. Nii Moi wants to spin it, the truth remain the same.

It seems Dr. Nii Moi is all over the place trying to explain the simple fact that the Cedi has depreciated a lot more than announced by the Bank of Ghana. However much Dr. Nii Moi wants to spin it, the truth remain the same.
Whatever 9 years ago

To get the cedi’s depreciation (or appreciation), he should have first found the value of ONE GHANA CEDI against the US dollar at two different points in time, which would be the following: 1 divided by 2.1628 and 1 divided ...
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To get the cedi’s depreciation (or appreciation), he should have first found the value of ONE GHANA CEDI against the US dollar at two different points in time, which would be the following: 1 divided by 2.1628 and 1 divided by 3.035. If there’s a depreciation, the computer would automatically insert a negative sign (there would be no need to fudge); otherwise, it would be an appreciation. In this case, based on his data, the depreciation rate of the cedi against the dollar would actually be -28.7%, and not 40.3% (which, again, is the appreciation rate of the dollar against the cedi). Nii Moi be too much
OLD SOLDIER 9 years ago

Another stupid buffoon in the NDC. OMG. I blame the supreme court judges. Prez Mahama is corrupt and clueless.

Another stupid buffoon in the NDC. OMG. I blame the supreme court judges. Prez Mahama is corrupt and clueless.
ADANKO 9 years ago

So, Nii, you call yourself a presidential adviser. Hmmm, Ghana is suffering because of people like you Nii. How can you advice when you look stupid?

So, Nii, you call yourself a presidential adviser. Hmmm, Ghana is suffering because of people like you Nii. How can you advice when you look stupid?
MAYOR 9 years ago

Is Bawumia FORMER Deputy Governor of the Bank of Ghana or STILL working there? Why is he challenging those still in the office? Is he getting the figures in his bedroom or through dream? Bawumia should get it direct in his em ...
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Is Bawumia FORMER Deputy Governor of the Bank of Ghana or STILL working there? Why is he challenging those still in the office? Is he getting the figures in his bedroom or through dream? Bawumia should get it direct in his empty head that he will never become Vice President of Mother Ghana therefore he should stop calculating PINK SHEETS as BoG figures.
SGT ANAI FIADZOE 9 years ago

This stupid monkey who call himself Nii Moi should tell the majority people of this country whereabouts of the $600
million American Dollars which is said
to have been lost from the BoG.

Why such a big money could be los ...
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This stupid monkey who call himself Nii Moi should tell the majority people of this country whereabouts of the $600
million American Dollars which is said
to have been lost from the BoG.

Why such a big money could be lost
when we have a Governor of the Bank
in place? Nii Moi, you are idiot, talk
about that not Dr. Bawumia who is very
credible and dynamic politician in our
country. SWINE.
ADWEN 9 years ago

Dr Nii Moi's currency conversion is WRONG. His approach is appropriate if we aredealing with Cross currencies. Here we are dealing with straight FX rates. It would have been appropriate if we have say Cedi to $ at one year an ...
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Dr Nii Moi's currency conversion is WRONG. His approach is appropriate if we aredealing with Cross currencies. Here we are dealing with straight FX rates. It would have been appropriate if we have say Cedi to $ at one year and Cedi to £ in another year and we need to calculate Cedi to one of the currencies to a different period. Dr Moi's approach is INACCURATE.
SGT ANAI FIADZOE 9 years ago

NDC stupid cleaners and illiterate fools
better fix the economy and fuck off,
where is the result of the so-called Senche Economic Forum and what sent you idiot like people there?

It is stupid monkeys such as you hence
...
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NDC stupid cleaners and illiterate fools
better fix the economy and fuck off,
where is the result of the so-called Senche Economic Forum and what sent you idiot like people there?

It is stupid monkeys such as you hence
NPP boycotted that your senseless and
useless Senche Economic Forum.

No one in NDC know shame otherwise no
NDC Cow can wake up and talk about the economy they (NDC) has forced it to go into exile.
SGT ANAI FIADZOE 9 years ago

What economic advise did this hopeless Moi offered corrupt Dramani Mahama in
and dafter the NDC stupid Senche Economic Forum before he (MOI) is blowing his empty trumpets? Look at an animal like that.

So you Moi are you i ...
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What economic advise did this hopeless Moi offered corrupt Dramani Mahama in
and dafter the NDC stupid Senche Economic Forum before he (MOI) is blowing his empty trumpets? Look at an animal like that.

So you Moi are you in the NDC gangsters before Mahama and his NDC
incompetent fools could not manage our
economy now that you are coming to expose your stupidity and political naivety? Oh please give the People of Ghana a break.
Papa Gasty (Germany) 9 years ago

Why I desist to comment here, people speak as if they don't think. some comments are far from the subject under discussion and even insult intellectuals and respectable people in society in the name of politics. The Ghanaian ...
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Why I desist to comment here, people speak as if they don't think. some comments are far from the subject under discussion and even insult intellectuals and respectable people in society in the name of politics. The Ghanaian youth being fooled by politics to rain insult forget that one day he will become a leader and his credibility will be drag in the gutters without basis as he is doing to others now. perhaps unless such person has no future or incapable of managing affairs in Ghana. I feel pity sometimes as I usually come here to read. Just don't talk politics, comment with focus and fact on the issues raised and debate as a sensible Ghanaian. what is all this insult to people you perhaps have no match
in your family. Grow my brothers
NOT AN IDIOT LIKE YOU 9 years ago

And ask - It is 3.7 all day long Dr Nii Moi !!! Dont spin like Ablakwa who claims 72% Examination failure rate must be acceptable comparatively. Idiots are managing the country that is why we are falling behind in all thongs.

And ask - It is 3.7 all day long Dr Nii Moi !!! Dont spin like Ablakwa who claims 72% Examination failure rate must be acceptable comparatively. Idiots are managing the country that is why we are falling behind in all thongs.
Annorwuo 9 years ago

What Nii Moi Thompson has done with this short rebuttal, reminds me of a 'mini-showdown' that took place some four decades ago between a so-called white African expert and a Ghanaian Professor,Kofi Hedjor[then teaching at the ...
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What Nii Moi Thompson has done with this short rebuttal, reminds me of a 'mini-showdown' that took place some four decades ago between a so-called white African expert and a Ghanaian Professor,Kofi Hedjor[then teaching at the Univ of Guelph]. Hedjor,after listening to the presentation of that 'invited learned guest', emerged from the audience in a fully-packed university auditorium,to jap the guest speskers with some pointed quetions,which sent him pack-peddling!
The chairman for the event,the VP for Academic Affairs,sensing that the audience had been sold 'sub-standard goods',invited Kofi Hedjor to the poduim,where upon our Danshiki -attired Kofi Hedjor engaged in a 'demolition exercise' akin to the feat Nii Moi Thompson has just accomplished! And guess what, after his short intervention[no more than ten-minutes] Hedjor was given a rousing standing ovation which lasted for more than two minutes by a predominantly white audience.
But let`s not forget that Nii Moi did not only expose Bawuniah alone;but with just a single stroke, all the other charlatans like Casely-Hayford, Kwaku Kwarteng,and the host of all those '"pampaso" academics' who have sought to ride on the coat-tails of Bawumiah! My own advice to all those who jump into some of these 'useless sparring' encounters,is to be very honest and remain true to their profession,because there is always a danger in playing fast and loose with numbers!
Floating Voter. 9 years ago

Thanks,
You have disentangled the confusion in my brain with your piece.
They say #the devil would quote the scriptures to support his evil deed #, and i think that is what is going on here.Have a nice day.

Thanks,
You have disentangled the confusion in my brain with your piece.
They say #the devil would quote the scriptures to support his evil deed #, and i think that is what is going on here.Have a nice day.
Kojo Billy Duncan 9 years ago

The intellectual dishonesty demonstrated by people who are very desperate for 'power' knows no bounds.

The intellectual dishonesty demonstrated by people who are very desperate for 'power' knows no bounds.
obiba JK 9 years ago

Nii Moi said nothing to debunk what Dr Bawumia said. He only went bunkers with his whole rebuttal. In fact his own example shot him in the foot. The point is the cedi has depreciated more than 40% since December 2013. It does ...
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Nii Moi said nothing to debunk what Dr Bawumia said. He only went bunkers with his whole rebuttal. In fact his own example shot him in the foot. The point is the cedi has depreciated more than 40% since December 2013. It does not take a college degree to know this.
It is quite strange that people like you support such a wham analysis of a simple fact.
Hard Listeners 9 years ago

Annorwuo, you may be pleased with Dr. Nii Moi's analysis but reality stares us everyday in the various markets. Keep on tickling yourself and have a good laugh.

Annorwuo, you may be pleased with Dr. Nii Moi's analysis but reality stares us everyday in the various markets. Keep on tickling yourself and have a good laugh.
Annorwuo 9 years ago

Thank God there are a few of us around,,who cannot be easily swayed by the antics of 'WWE-type Economists' like Bawumiah,who play to the gallery!
By the way,have you read about his latest 'bombshell' concerning a govt plot t ...
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Thank God there are a few of us around,,who cannot be easily swayed by the antics of 'WWE-type Economists' like Bawumiah,who play to the gallery!
By the way,have you read about his latest 'bombshell' concerning a govt plot to shortchange cocoa farmers in this country?
Go back and read the ending paragraphs of Nii Moi Thompson`s rebuttal, and then come back and tell all forumers if he[Nii Moi],in any way, attempted to downplay "reality"!
Joe Effeih 9 years ago

I dont undertand Nii Moi's argument! He sought to rabbish Bawumiah's statement from the back end. What Bawumiah is simply saying saying is that, BOG does not generate any administraitve foreign exchange rates but relies on th ...
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I dont undertand Nii Moi's argument! He sought to rabbish Bawumiah's statement from the back end. What Bawumiah is simply saying saying is that, BOG does not generate any administraitve foreign exchange rates but relies on the prevailing interbank rates.Nii Moi, is that true or not?
if that is true, on the date in erefrence, Bawumia provided a list of prevaling interbank rates for the various commercial banks in Ghana. Nii Moi, were those rates true or false?
the rates ranged foe 3.65 - 4.10 cedis to the dollar, and averaging that will give some 3.8 cedis to 1 dollar, is that one to true or false?
so if at DEC 2013 the 2.2 cedis was for 1 one dollar and now 3.8 cedis is to 1 dollar rather than the 3.03 cedisa to 1 dollar BOG is qoutting, which one is right? if BOG takes all interbank rates and calculates the average, how can figures ranging from 3.65 - 4.10 give an aaverage of 3.03, a figure which is even lower the lowest figure in the range of tabulated figures?
Nii Moi should know that calculating the cedi depreciation ration rate of 40% was not only done by Bawumia but the Financial Times of UK and another reputable financial institution in US.
Here in Ghana, the Head of Finance Dept at University of Ghana Business School also share the same thought as Bawumia. IMANI, a local policy Tink tank is also having the same line of calculation, which is basic to everybody with basic knowledge of statistics and arithmetic. so Nii Moi, stop your propanga, no wonder your advise has lead the economy to where it is now; you can only succeeed in deceiveing those within the government but not the intellectuals outside government. As for your take on Inflation, what items are in the CPI basket? if you choose to put items which people dont usually buy and therefore their prices are relatively stable in the basket, dont expect to get get figures which refelect happenings on the ground. As you indicated in your concluding paragraph, what is causing the hard times we are facing? is the dereciation rate which you claim is low or the inflation rate which you agree is some 1.5%. what is the cause of the hardship then? Tell us!
DR. DIASEMPA 9 years ago

Hey Dr Nii Moi, it's a pity petty politics would make you degrade your economic analysis into pedestrian propaganda. Use those Real figures prevailing on the ground. Why neglect the Interbank figures, which are the real figur ...
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Hey Dr Nii Moi, it's a pity petty politics would make you degrade your economic analysis into pedestrian propaganda. Use those Real figures prevailing on the ground. Why neglect the Interbank figures, which are the real figures operating on the ground? Can you Dr Nii go to the BoG to buy a Dollar for 3.03 cedis? If so why would the commercial banks not go to buy the Dollar at 3.03 and resell at 3.7-4.1? You can Eat your Economics but we on the streets know better what is happening. We know better than the Jubilee house manipulators, propagandists.
Whatever 9 years ago

2.1628-3.035 = -0.8722 which is divided by 3.035 *100 = -28.7380%. The method I use produce the same is the same as Nii Moi's own. Yet Bawumia, so called economist gave a figure of 40%. How did he get that figure calculating ...
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2.1628-3.035 = -0.8722 which is divided by 3.035 *100 = -28.7380%. The method I use produce the same is the same as Nii Moi's own. Yet Bawumia, so called economist gave a figure of 40%. How did he get that figure calculating changing values of currency using that figure. This is Disgraceful.
Rebuilding Ghana 9 years ago

We need more people with mathematical brains. Mathematics helps boost brain activity. Mathematics helps people to develop systematic approaches, orderliness and procedures. Science also helps people to become principled.

...
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We need more people with mathematical brains. Mathematics helps boost brain activity. Mathematics helps people to develop systematic approaches, orderliness and procedures. Science also helps people to become principled.

Poor performance in Science and Mathematics among the majority of our educated folks is the cause of our national mess.
THE SARP 9 years ago

HEY DOCTOR NDC, TO WORK OUT THE CHANGE IS SIMPLE ARITHMETIC 2.1628-3.035 = -0.8722 AND THEN -0.8722/2.1628 =-40%.
THE NDC HIRED DOCTOR DID THAT IN HIS ANALYSIS AS IF HE HAS NEVER DONE PERCENTAGE CHANGE IN ORDINARY LEVEL. HE ...
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HEY DOCTOR NDC, TO WORK OUT THE CHANGE IS SIMPLE ARITHMETIC 2.1628-3.035 = -0.8722 AND THEN -0.8722/2.1628 =-40%.
THE NDC HIRED DOCTOR DID THAT IN HIS ANALYSIS AS IF HE HAS NEVER DONE PERCENTAGE CHANGE IN ORDINARY LEVEL. HE SHOULD GO BACK TO SCHOOL. HOW CAN THIS BE A DOCTOR? WALA!!
DR. DIASEMPA 9 years ago

What a pathetic calculation from a dum uninitiated NDC apologist. Why divide by 3.o35 as the base rather than 2.1628?
This is the falacy inept NDC empty barrels make to deceive the ignorant and mostly uninformed unsuspectin ...
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What a pathetic calculation from a dum uninitiated NDC apologist. Why divide by 3.o35 as the base rather than 2.1628?
This is the falacy inept NDC empty barrels make to deceive the ignorant and mostly uninformed unsuspecting Ghanaians. What taught you such Math?
Whiac of the two figures should be the base to calculate the percentage increase? God Save Ghana from these ignoramuses! Pecentage increase should be: 0.8722/2.1628=40.327 Bawumia RIGHT, Nii Moi WRONG!
Whatever 9 years ago

Go and revise your depreciation notes before you pronounce yourself ignorant. There is a difference in calculating loss of purchase power and calculating changing value of a currency against another currency. In the latter th ...
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Go and revise your depreciation notes before you pronounce yourself ignorant. There is a difference in calculating loss of purchase power and calculating changing value of a currency against another currency. In the latter the greater exchange is use as base because the rate difference must relate to the present rate value, and not its past.
John Pen 9 years ago

What base year did Dr. Nii used in calculating his % increase or decrease as the case may be. Using 2013 figure as the base year the % change is 40, while using 2014 August figure of 3.035 as the base year the % change is 28. ...
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What base year did Dr. Nii used in calculating his % increase or decrease as the case may be. Using 2013 figure as the base year the % change is 40, while using 2014 August figure of 3.035 as the base year the % change is 28.7. but my elementary school arithmetic tells me that 2013 should be used as the base year to give the correct % change. Thus the cedi has actually depreciated by 40% and not 28.7% as Dr.Nii wants the public to believe.
DR. DIASEMPA 9 years ago

I support you Absolutely. I wonder what type of Math Dr Nii Moi studied or who taught him Math. The percentage increase from 2013 to 2014 is 40.33%. God Save Ghana from these diaper wearing babies who can only insult tested w ...
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I support you Absolutely. I wonder what type of Math Dr Nii Moi studied or who taught him Math. The percentage increase from 2013 to 2014 is 40.33%. God Save Ghana from these diaper wearing babies who can only insult tested wisdom.
Abeeku Mensah 9 years ago

Just because you do not understand economics or economic principles and or CPI calculations and entities that affect CPI calculus does not mean Dr. Nii Moi is a liar. He provided an academic rebuttal to the academic jaundiced ...
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Just because you do not understand economics or economic principles and or CPI calculations and entities that affect CPI calculus does not mean Dr. Nii Moi is a liar. He provided an academic rebuttal to the academic jaundiced presentation of Dr. Bawumia.

The problem in Ghana and particularly with political parties of NPP and NDC is that foolishness trumps truthfulness and propaganda without factual basis trumps intellectual debates/presentation with facts. In the end Dr. Bawumia led the NPP into battle at the Supreme Court and lost with his empty statistical calculations and analysis and yet as an NPP pied piper he keeps trumpeting along with dummies following to their grave.
BlindMan 9 years ago

He gave us ANANSELYSIS, something comparable to his supervision over the 2007/2008 economy which the state is struggling to overturn. He seems not clear of the DEPTH he plunged the state's economy, and only if, he would take ...
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He gave us ANANSELYSIS, something comparable to his supervision over the 2007/2008 economy which the state is struggling to overturn. He seems not clear of the DEPTH he plunged the state's economy, and only if, he would take time to consult with some unemployed workers, then he would experienced the difficulties of raising a family without an income or a paycheque!
Hopefully, an associate would educate him on the dangers of his CRUSADE, and then, he would use it as a marker to reconsider his 'outburst' on economics platform.
Adeladza Kwassi 9 years ago

Nii Moi MUST say something like this rubbish to continue earning his income. Period

Nii Moi MUST say something like this rubbish to continue earning his income. Period
PRINCE KWASI ADADE (OFIE) 9 years ago

WE KNOW ONLY TWO NAMES, NANA ADDO & BAWUMIA. NANA'S LEADERSHIP WITH BAWUMIA IS EXCELLENT. NANA IS OUR POLITICAL MESSIAH!! WE WILL PATIENTLY WAIT FOR HIM TO COME AND LIBERATE US FROM OUR ECONOMIC OPPRESSORS.WE CAN'T PUT OUR TR ...
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WE KNOW ONLY TWO NAMES, NANA ADDO & BAWUMIA. NANA'S LEADERSHIP WITH BAWUMIA IS EXCELLENT. NANA IS OUR POLITICAL MESSIAH!! WE WILL PATIENTLY WAIT FOR HIM TO COME AND LIBERATE US FROM OUR ECONOMIC OPPRESSORS.WE CAN'T PUT OUR TRUST IN THESE YOUNG NDC THIEVES (WITH NO WORK RECORD) WHO WANT TO LIVE LIKE KINGS OVERNIGHT, OWNING JETS, BIG MANSIONS, BANKS, ROLLS ROYCE, DATING MODELS ETC. AT THE EXPENSE OF THE POOR. BEING A PRESIDENT REQUIRES THE USE OF BRAIN NOT BRAWN. A PRESIDENT DOES NOT "THROW" PICK AXE!!! WHO CAN DO THE JOB BETTER THAN NANA, AT THIS TIME IN OUR HISTORY, WHERE GREEDY CORRUPT , SHARP TEETH ROTTEN PLANK NDC SMALL BOYS, PARADING AS POLITICIANS, HAVE PLUNDERED OUR RESOURCES TO THE BONE, THAT OUR OIL ECONOMY INHERITED FROM THE GREAT KUFFOUR HAS HAD NO IMPACT ON THE LIVES OF THE ORDINARY CITIZENS OF OUR COUNTRY???? LONG LIVE GHANA!! LONG LIVE NANA ADDO. MORE GREASE TO YOUR ELBOWS!! EVERY THIEF IN GHANA, TODAY, IS SCARED OF BOLD AND MIGHTY NANA ADDO. NANA IS CLEAN !! CLEAN TO THE BONE!
OYOKOBA 9 years ago

Nii Moi is just a smooth talker providing solace to disheveled NDCeivers.

Nii Momone wants to project as the NDCeivers counterweight to Bawumia, but when you follow closely this drift, you would realize he is just tailgatin ...
read full comment

Nii Moi is just a smooth talker providing solace to disheveled NDCeivers.

Nii Momone wants to project as the NDCeivers counterweight to Bawumia, but when you follow closely this drift, you would realize he is just tailgating Bawumia with the hope to catch some of his shine. But it ain't working, Bawumia has a lot more credibility and believability about him than Nii Moi Thompson.
Whatever 9 years ago

At the currency retail level, Some Banks in Ghana on purpose went beyond their foreign currency positions by buying currency assets far in excess of the currency liabilities because importers over-demanding for more dollar. T ...
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At the currency retail level, Some Banks in Ghana on purpose went beyond their foreign currency positions by buying currency assets far in excess of the currency liabilities because importers over-demanding for more dollar. This exposure by the Banks in the long term wasn't sustainable yet because these Banks see an opening for profit-making ,they deliberately tell their customers that there are shortages so as to create excuse to sell at high rates and because Banks sell more than they buy from these customer, the banks knew their net position will inevitably produce profits. Bawumia as a BOG Dep. chair knows this yet he pretend he doesn't know the dirty schemes of the Bank and decided to use their rates as elements in calculating depreciation. This is Disgraceful. Its disingenuous.
ohwini 9 years ago

The selling rate of the cedi is its true rate. How it was pushed to that point by the banks is irrelevant. So what is all the technical grandiloquence about? Economists speak with forked tongues and you are encouraging the do ...
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The selling rate of the cedi is its true rate. How it was pushed to that point by the banks is irrelevant. So what is all the technical grandiloquence about? Economists speak with forked tongues and you are encouraging the double-talking Nii Moi to confuse the good people of Ghana for political gain to his paymasters.
Ka Na Wu 9 years ago

Foolish Nii Moi taking a match order from his corrupt masters.

Foolish Nii Moi taking a match order from his corrupt masters.
bobby 9 years ago

incredible!! So these so called economist cum financial analyst hv been misleading the good people of dis country after all for political gains? God ve mercy on dis clueless Bawumia a.k.a DR PINK SHEETS

incredible!! So these so called economist cum financial analyst hv been misleading the good people of dis country after all for political gains? God ve mercy on dis clueless Bawumia a.k.a DR PINK SHEETS
Whatever 9 years ago

Bawumia thinks Ghana is Operating a FREE MARKET ECONOMY, something his NPP believes in so in his calculation of depreciation, he chose the market figures even when the law says otherwise. Under the law only figures from the B ...
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Bawumia thinks Ghana is Operating a FREE MARKET ECONOMY, something his NPP believes in so in his calculation of depreciation, he chose the market figures even when the law says otherwise. Under the law only figures from the Bank of Ghana counts and not the market. My surprise with Bawumia is that he has been at the Bank of Ghana before, he knows the exchange control act which grants administrative powers over foreign currencies to bank of Ghana so how can he come and initiate discussion using market figures? Has he lost all his banking knowledge? How can you calculate depreciation using Market figures? This is like galamsey economics
Kee 9 years ago

Prophet Dr Bawumiah's analysis

Prophet Dr Bawumiah's analysis
tatale 9 years ago

Why should you come out to counter a story which your 3 year old son even knows is true.Oh shame on you!!!!!!!!!!!!

Why should you come out to counter a story which your 3 year old son even knows is true.Oh shame on you!!!!!!!!!!!!
Joe Ali=NJ 9 years ago

This idiot Nii Moi Thompson calls himself an economics. Ghana does not need such liars and opportunists to be advisors. Time will tell.

This idiot Nii Moi Thompson calls himself an economics. Ghana does not need such liars and opportunists to be advisors. Time will tell.
dirty man ewe 9 years ago

Animals ga man analysis or calculations

Animals ga man analysis or calculations
Mozato 9 years ago

Who is Nii Moi to challenge "Al Nabi"(Prophet) Bawumia! Managing the economy is not Ga Kenkey business. Having advised Mahama to pursue all the wrong economic policies that has rendered our economy the most hopeless in thee ...
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Who is Nii Moi to challenge "Al Nabi"(Prophet) Bawumia! Managing the economy is not Ga Kenkey business. Having advised Mahama to pursue all the wrong economic policies that has rendered our economy the most hopeless in thee world, this shameless Kenkey economics cannot humble himself for the voice of wisdom from the skillful and strategic economic prophet, his eminent majesty, Alhaji, Nana, Oseadeeyo Bawumia to pump some freshness into the system.
concern citizen 9 years ago

1. the title of this article is very bad and poorly captioned.
2. Dr. Nii is Ghana running a fixed or a variable dollar rate? How does our Dr. Nii determine his dollar rate? Is it market driven or? Please kindly revisit you ...
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1. the title of this article is very bad and poorly captioned.
2. Dr. Nii is Ghana running a fixed or a variable dollar rate? How does our Dr. Nii determine his dollar rate? Is it market driven or? Please kindly revisit your Macroeconomics Theory Dr. Nii.
3) Dr. Nii if you want an advice kindly write back to me. It is unfortunate for mother Ghana how you have mismanaged this dollar crisis Thank you
New Sheriff in Town 9 years ago

If we needed 2.1628 Cedis to buy $1 in December 2013 but need as much as 3.035 Cedis to buy the same $1 that means the Cedi has appreciated? The Cedi rather lost 40% of it's value against the Dollar from December 2013 to Augu ...
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If we needed 2.1628 Cedis to buy $1 in December 2013 but need as much as 3.035 Cedis to buy the same $1 that means the Cedi has appreciated? The Cedi rather lost 40% of it's value against the Dollar from December 2013 to August 2014. (3.035-2.1628)/2.1628 = 0.4033 = 40.33%. This is Elementary Arithmetic that has escaped the reasoning capacity of Ni Moi Thompson
LOL 9 years ago

Hahahahahaha....e de bee k3k3, eat that...lol.

Hahahahahaha....e de bee k3k3, eat that...lol.
ken 9 years ago

So far it is 2:0 for Dr Bawumia. Dr Thompson is trying to complicate the calculation in order to confuse the public again. Dr Bawumia's calculation is easier to understand and facts on the ground support his calculation. All ...
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So far it is 2:0 for Dr Bawumia. Dr Thompson is trying to complicate the calculation in order to confuse the public again. Dr Bawumia's calculation is easier to understand and facts on the ground support his calculation. All the prices of building materials have increased more than 100% since January of this year. For example I bought a bag of cement in January for GHC 17.50 at Tema but it is now GHC 34.00. VIP fare from Accra to KSI was GHC 30 but it is now GHC 36. Dr Thompson should give us a break
Mink. 9 years ago

It has taken the entire Mahama bogus administration and quack 'economists' a whole week to school themselves before coming out with this nonsense,lengthy,empty trash! AFTER ONE WEEK? You dumbfools simply don't have what it ta ...
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It has taken the entire Mahama bogus administration and quack 'economists' a whole week to school themselves before coming out with this nonsense,lengthy,empty trash! AFTER ONE WEEK? You dumbfools simply don't have what it takes to manage anything. Dr. Nii Moi Akplidjinn'.
Kwame Abokyi 9 years ago

Wow! I cannot stop laughing. They claimed to have got the magic wind to
turn things around for a "BETTER GHANA AGENDA",but look at what is happening all over the the country.
Nothing is affordable. Lorry fares,
prices of ...
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Wow! I cannot stop laughing. They claimed to have got the magic wind to
turn things around for a "BETTER GHANA AGENDA",but look at what is happening all over the the country.
Nothing is affordable. Lorry fares,
prices of foodstuffs,medicals bills
etc. keeps on skyrocketing and yet they want people to believe that all is well. No,it is not. Ghanaians have become malnourished in the mist of abundance. Our children go to bed on empty stomachs,mothers keep wake,as our men are rendered impotent and useless. Why? This is simply because
man have ceased to become man. The Ghanaian man of today is gradually loosing his position as the head of the family.They are being devorced in numbers by their married partners since they have ceased to be providers. The whole system is broken down. Nothing is working properly in the land of our birth. I do less agree that- a. When an evil ruler leads a nation,the people suffer.
b. Ghana's economy has become static
and stale because of lack of knowlegde. It is a fact that Mahama and all his cabinets are visionless.
They are clueless when it comes to governance. Wickedness,lies,cheap propaganda,corruption,tribalism,theft,
nepotism and stupid pride is their hallmark. Mahama's government is there for themselves and for their families. That is all. I will therefore ask all well meaning Ghanaians to be fair to their
consciense and choose right leaders
the next time.
AKANIBA 9 years ago

The reaction and counter analysis of Dr. Thompson of Dr Bawumia economic assertion is not anything new to Ghanaians.

When has NDC misinformation machinery not come out with a rejoinder on any expression from Ghanaians? It ...
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The reaction and counter analysis of Dr. Thompson of Dr Bawumia economic assertion is not anything new to Ghanaians.

When has NDC misinformation machinery not come out with a rejoinder on any expression from Ghanaians? It is only the NDC strangers who does not know what is happen to Ghana's economy.

Ghanaians, always remember that do not argue with a fool because when you do, the fool will reduce you to his level of thinking and, at the end he will use experience to beat you.

Everybody knows this is how NDC operates. Thanks
Komi 9 years ago

Really rubbishing? His warped analysis has confirmed the technocrats fudge figures. Nii Moi's problem is more about his limited understanding of ratios, proportions and converting these to percentages. How do calculate simple ...
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Really rubbishing? His warped analysis has confirmed the technocrats fudge figures. Nii Moi's problem is more about his limited understanding of ratios, proportions and converting these to percentages. How do calculate simple differences? How communicate these for the general understanding? Please, don't deceive.
WAITING TO VOTE NDC OUT 9 years ago

The thing is there's a lot Nii Moi Thompson can learn from Dr. Bawumia freely if he humbles himself, and at no cost.
The figure has moved up sharply from 3.03 to 3.13 after Dr. Bawumia issued his statement.
When Nii Moi th ...
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The thing is there's a lot Nii Moi Thompson can learn from Dr. Bawumia freely if he humbles himself, and at no cost.
The figure has moved up sharply from 3.03 to 3.13 after Dr. Bawumia issued his statement.
When Nii Moi therefore comes out to ostensibly rubbish the deductions of Dr. Bawumia in a propagandistic posture characteristic of the likes of Fifi Kwetey and Co., even whilst the economy continues to tank with the cedi depreciating, not the dollar appreciating, one cannot but come to terms with the fact that, Ghana is in for a long rough ride(no pun intended and apologies to Dr. Bawumia).
My goodness 9 years ago

Bawumia is a good economist, but don't say that the stats are false when you do not have solid proof

Bawumia is a good economist, but don't say that the stats are false when you do not have solid proof
WARD GDX - WE THE PEOPLE 9 years ago

This man is not being INTELLECTUALLY HONEST.

He knows very well the iherent truths and facts about what Bawumia put out there.

His response, as always, is full of double talk, evasiveness, rhetorics, gimmickry, propaga ...
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This man is not being INTELLECTUALLY HONEST.

He knows very well the iherent truths and facts about what Bawumia put out there.

His response, as always, is full of double talk, evasiveness, rhetorics, gimmickry, propaganda, and bottomline, it is nonsensical. He is just one of ndc talking air heads.

He has no substance.
Big Ben 9 years ago

THIS SAME DR, NII THOMPSON & TOGBE AFEDE CORRECTED A FALSE PRESENTATION SENT BY NPP TO WORLD BANK WITH WRONG FORMULA AND FIGURES. THE WORLD BANK APPRECIATED THE CORRECTED VERSION PUT FORWARD BY BOTH DR, NII THOMPSON & TOGBE A ...
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THIS SAME DR, NII THOMPSON & TOGBE AFEDE CORRECTED A FALSE PRESENTATION SENT BY NPP TO WORLD BANK WITH WRONG FORMULA AND FIGURES. THE WORLD BANK APPRECIATED THE CORRECTED VERSION PUT FORWARD BY BOTH DR, NII THOMPSON & TOGBE AFEDE WITH CERTIFICATE. HE HAS DONE IT BEFORE AND HE IS DOING IT AGAIN WITH THE CORRECT FIGURES.
WARD GDX - WE THE PEOPLE 9 years ago

They both have influence over this govt and you must ask yourself why the economy of Ghana has become like a pit latrine if Nii Moi and Togbe Afede have any competence worth a salt

They both have influence over this govt and you must ask yourself why the economy of Ghana has become like a pit latrine if Nii Moi and Togbe Afede have any competence worth a salt
high school teacher, nii moi thompson 9 years ago

high school teacher, nii moi thompson

high school teacher, nii moi thompson
Addae Akrasi 9 years ago

Nii why dont you allow BOG and GSS to response and why has it taken you so long to response. Something is wrong at BOG and GSS.

Nii why dont you allow BOG and GSS to response and why has it taken you so long to response. Something is wrong at BOG and GSS.
Isaac from Pokuase 9 years ago

By comparing the two pieces and my international finance notes, I realize that Dr. Bawumia's data source inconsistences introduces an error.Also Bawumia made a common error students made.I am not surprise Mr.Casely-Jayford di ...
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By comparing the two pieces and my international finance notes, I realize that Dr. Bawumia's data source inconsistences introduces an error.Also Bawumia made a common error students made.I am not surprise Mr.Casely-Jayford did same mistake.Having disagreed with Bawumia and yielded totally to Dr.Nii Moi, I also want to know what are the contributing factors which are holding the depriciation of cedi without release.Can't we revisit the strategy the late Prof was using in order to reverse the situation?I want to government and advisors come out with protectionist measures to held the issues.As it is now it appears nothing is being done.Meanwhile kudos to Dr.Nii Moi and better luck next time to Bawumia.
KOO NIMO 9 years ago

Isaac, what are you saying? Please coma again because you are not clear!!!

Isaac, what are you saying? Please coma again because you are not clear!!!
cocaine nana adui 9 years ago

I have already said that this idiot bawumia is nothing but stupid dog bought by nana adui the cocaine lord to to tell lies for him to become President. na lie ,eno go hapen, good for nothing dogs to rule who,do we need old dw ...
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I have already said that this idiot bawumia is nothing but stupid dog bought by nana adui the cocaine lord to to tell lies for him to become President. na lie ,eno go hapen, good for nothing dogs to rule who,do we need old dwarf as President, walking corpse, cocaine container, thief,adui,for where, tweaaaaaa,that is why Kennedy is also telling lies because when adui becomes president he can sell his cocaine and wee,fools,dog bawumia go and sleep.Thank you Nii Moi for telling Ghanaians the truth.
Gyeeda, Sada, Subah, Woyome 9 years ago

Nii Moi thompson has been paid by thief Dramani Mahma NDCeivers to rubbish and thwart the shrewd, intuitive Dr. Bawumia has put out in the public domain. We all agree with what Dr. Bawumia has said so I think Nii Moi Thompson ...
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Nii Moi thompson has been paid by thief Dramani Mahma NDCeivers to rubbish and thwart the shrewd, intuitive Dr. Bawumia has put out in the public domain. We all agree with what Dr. Bawumia has said so I think Nii Moi Thompson must appologize to DR. Bawumia because Nii Moi is a deceiver and NDC rented economist.
jon Mahama is a thief. He has damaged the country's economy so much so that it will be extremely difficult for Nana Addo to repair it but since the battle is the Lords' it will all be well. Jon Mahama is so wicked and must be put to jail even before 2016. Anything coming out of NDC ministers are all lies. No one in NDC speaks the truth. No wonder they are lying about bank rates, inflation and the economic conditions in Ghana. Mahama is a thief. He came only to enrich himself and his family. I hear he wants to opt out of the flagbearership but the truth of the matter is, he cannot continue no more. The kitchen is too hot for him and he wants to get out of it. Whether he runs away or not he will be chased after wherever he goes so that he gives us back all our money he has stolen since his mission as vice and now president of Ghana.
Mahama is the corrupt one. Enough evidence to prove that. The STX Korea , the purchase of the Embraer jet planes from Brazil which had him subjected to criminal investigation by Prof Mills, the 7 tons of gold intercepted in Kuwait, the Azontaba guinea fowl project and the list go on. And above all, Mahama, being the the prime beneficially of the plot assassination of Prof Mills, makes the former the most dangerous leader, after Rawlings, to have ever ruled and badly manage our economy. Mahama is unprecedented stealer.
Nana Yaw 9 years ago

I have tremendous respect for both gentlemen but until mankind come to realization that practical economics are just mere try and error crap of regurgitated theories which oftentimes create more problems than solutions, the m ...
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I have tremendous respect for both gentlemen but until mankind come to realization that practical economics are just mere try and error crap of regurgitated theories which oftentimes create more problems than solutions, the masses will always be taken advantage of by the loud mouth politicians with PhD in Economics. Makola market women make more sense than most so called economists from both the developed and developing world!!!
James Ghampson 9 years ago

Well said. But the point Dr Bawumia sought to make was simple. The BOG , by suppressing the rate and keeping the depreciation at 28.7 percent is telling us all the depreciation is not scary .

What will hapen if BOG used th ...
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Well said. But the point Dr Bawumia sought to make was simple. The BOG , by suppressing the rate and keeping the depreciation at 28.7 percent is telling us all the depreciation is not scary .

What will hapen if BOG used the true market rates of 3.8. Then the depreciation will be 40 percent.

If you talk to Bank of Ghana insiders they will share with you what is happening. The rates have been suppressed.
Chale Wote 9 years ago

I think Nii's argument is that if you use today's market, then you must use 31st December 2013's market - to be consistent. You cant cross-wire the data. 31/12/2013 market is higher than BOG and so you wont come to the 40% ra ...
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I think Nii's argument is that if you use today's market, then you must use 31st December 2013's market - to be consistent. You cant cross-wire the data. 31/12/2013 market is higher than BOG and so you wont come to the 40% rate - although may be admittedly higher than the 28%.

Ordinarily, the central bank's rate is lower than market - in most economies. Suppressing the rate is attempt to manage the deteriorating situation - ie the fast depreciation, not necessarily an attempt to deceive the public.
Eddie 9 years ago

Moi try to behave like human being n stop ur stupidity argument coz u know very well that ur argument n calculation's are nonsense, look at an ordinary citizen how many times they can put a plate on a table for his or her fam ...
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Moi try to behave like human being n stop ur stupidity argument coz u know very well that ur argument n calculation's are nonsense, look at an ordinary citizen how many times they can put a plate on a table for his or her family
Ewe nation 9 years ago

Why would a Ghanaian man name himself Moi? That was a dictator's name in Kenya and he's still widely hated for abuses,corruption and decay of the kenyan economy.Change yo name Dr Nii.

Why would a Ghanaian man name himself Moi? That was a dictator's name in Kenya and he's still widely hated for abuses,corruption and decay of the kenyan economy.Change yo name Dr Nii.
Genuine Observer 9 years ago

Good try, Nii Moi, to circumlocating facts to arrive at square one. Every economist (except you) admits that the cedi is performing bad, therefore inflation has hit hikes which has caused prices to rise above previous years. ...
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Good try, Nii Moi, to circumlocating facts to arrive at square one. Every economist (except you) admits that the cedi is performing bad, therefore inflation has hit hikes which has caused prices to rise above previous years. Your attempt to blame this depreciation on the appreciation of the dollar makes no economic sense! You're either totally confused or trying to twist the average person's conscience to take sides on this issue. Whichever way you put it, I pity Mother Ghana for economic advisers like you handling its woes. It's because of you that Ghana is suffering since you always want to run away from the truth to give a 'clean face' to your masters. Get the hell out of here!
Kow Kyemeinu 9 years ago

See how Economists can complicate issues? i bought a dollar two weeks ago3.5 cedis. Then i go back today to buy it at 3.8 and i'm told my cedi has appreciated by some formula. Is this formula taking me to Dubai? I'll stick ...
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See how Economists can complicate issues? i bought a dollar two weeks ago3.5 cedis. Then i go back today to buy it at 3.8 and i'm told my cedi has appreciated by some formula. Is this formula taking me to Dubai? I'll stick with the reality: :he cash that is taking me to Dubai.
Big Ben 9 years ago

BLACK MARKET PRICES ARE DIFFERENT FROM BOG RATE.

BLACK MARKET PRICES ARE DIFFERENT FROM BOG RATE.
KOO NIMO 9 years ago

Methink all these book-long and long- talk can never put food on the table neither put money in the pocket of the ordinary ghanaian. What are doing collectively as a people to change the fortunes of the country?

Methink all these book-long and long- talk can never put food on the table neither put money in the pocket of the ordinary ghanaian. What are doing collectively as a people to change the fortunes of the country?
Boss 9 years ago

Nii moi, you really need to come again. Finally I thought this would be a rebuttal from the government. After all this merry go round he has actually strengthen Bawumia's analysis. I wish he had used everyday language as Bawu ...
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Nii moi, you really need to come again. Finally I thought this would be a rebuttal from the government. After all this merry go round he has actually strengthen Bawumia's analysis. I wish he had used everyday language as Bawumia did. He should really have kept quite and leave it to the institutions. His rather bizarre calculation of appreciation of the dollar vs depreciation of the cedi does not help in any way. Whichever way you look at it, it is bad for Ghanaians. He may be able to get his dollars from the BOG at their rate however the market dictates that the rates are not realistic as set by the BOG. Come again and please use the interbank rate which more reflects the market conditions.
Kow Kyemeinu 9 years ago

Come on my friend, big men do not use everyday language. The big man's analysis is for big men who get( not buy) their dollars from the bank of Ghana. Bawumia spoke to those of us who buy from Stanbic and ecobank and Zongo L ...
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Come on my friend, big men do not use everyday language. The big man's analysis is for big men who get( not buy) their dollars from the bank of Ghana. Bawumia spoke to those of us who buy from Stanbic and ecobank and Zongo Lane, he had to use everyday language.You see Bawumia is a capitalist He believes in property owning democracy. The big man with big English is a social democrat, he believes in free dollars in per Diem to go on conferences and seminars and workshops.
The saviors of this world!
'Man in the street' when shall your sorrows have an end? Nkrumah gave you independence, Afrifa liberated you, Kutu redeemed you, Rawlings defended you, Mills is giving you something better than all these and still you say: I will buy GGA KENKEY at 10,000 cedis! Ah you ordinary man koraa what is wrong with you?
Whatever 9 years ago

Ghana is NOT operating a free Market economy. Under the law, the Bank of Ghana is the only one responsible for dictating prices of foreign currencies and NOT Market. Read the foreign exchange act. The idea to allow dominant p ...
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Ghana is NOT operating a free Market economy. Under the law, the Bank of Ghana is the only one responsible for dictating prices of foreign currencies and NOT Market. Read the foreign exchange act. The idea to allow dominant participant in the market like Banks to determine prices is only a optional technique to promote fairness and trust and not obligatory. The law takes precedence over any forex rate mechanism. Ghana is not under NPP and their neo-liberal ideology. If Bawumia resort to ideological pricing, he would always goof.
THEORY 9 years ago

IF 90% OF OUR IMPORTS GO THROUGH THE COMMENRCIAL BANKS THEN THE PREDOMINAT RATE IS THE MARKET RATE. NOT SURE YOU UNDERSTOOD THE TOMATO ANALOGY SIGHTED BY BAWUMIA? PLEASE WE HAVE ALL THE LAWS ON FOREI ...
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IF 90% OF OUR IMPORTS GO THROUGH THE COMMENRCIAL BANKS THEN THE PREDOMINAT RATE IS THE MARKET RATE. NOT SURE YOU UNDERSTOOD THE TOMATO ANALOGY SIGHTED BY BAWUMIA? PLEASE WE HAVE ALL THE LAWS ON FOREIGN CURRENCY BUT GOVT SENT CASH TO BRAZIL AND GOVERNMENT OFFICIALS JOIN FLIGHTS DIRECTLY FROM THE TARMAC AT THE AIRPORT AND THE SAME APPLIES WHEN THEY RETURN. oN THE CONTRARY THE MASSES FILL FORMS TO DISCLOSE THE CURRENCY ON THEM. SO DO WE HAVE 2 LAWS IN THIS COUNTRY?? HAVE U SEEN ANY POLICE CAR WAITING IN TRAFFIC IN THE CITY, DO THE TRAFFIC LAWS EXEMPT THEM! ALL MOTOR BIKES IN ACCRA CROSS TRAFFIC LIGHTS? ARE THEY EXEMPTED FROM THE LAWS? DO NOTE THAT MOST SUPPLIES ARE FUNDED WITH CASH FROM THE CENTRAL BANK BOUGHT AT 3.02 CEDIS AND SOLD TO THE LEAST CONNECTED AT 3,8GHS TO THE ABOSSEY OKAI OR CHINA TRADER? THERE ARE JUST TOO MANY EXAMPLES I CAN GIVE! GO TO THE PORT OF TEMA WHERE CUSTOMS DUTY IS COLLECTED FOR GOVERNMENT OR ACCRA AIRPORT, IF YOUR THEORY WORKS IN PRACTICE THEY WILL NOT BE USING 3.8GHS TO TRASLATE THE USD TO CEDIS!! MY FRIEND WE ARE IN AN ANIMAL FARM! EVERYBODY SIMPLY HAS TO WAIT FOR HIS TURN TO RIP OF THE COUNTRY OR STAY HONEST AND BE MOCKED ON EARTH. tHE GOOD THING IS THAT THERE IS STILL LIFE AFTER DEATH WHERE ALL THE CHEATING ON EARTH WILL NOT BE RELEVANT OR AT BEST COUNT NEGATIVELY AGAINST THE PERPETRATORS!
Boss 9 years ago

You are wrong. The market dictates the price otherwise there would have not been such a large spread between the interbank rate and the BOG rate. The BOG determines the rate based on market conditions. Ghana does operate a fr ...
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You are wrong. The market dictates the price otherwise there would have not been such a large spread between the interbank rate and the BOG rate. The BOG determines the rate based on market conditions. Ghana does operate a free market economy. The market is what Bawumia used in his analysis and that is what affect the pockets of people not the BOG administratively set rate.
WTF! 9 years ago

Both NPP-trickster Bayifuo-nua and stinking NDC belly-economist Nii Momoni are not to be taken seriously. They are both IMF/WB servants, only doing the bidding of their former paymasters. Nii Momoni engages in a parsing exerc ...
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Both NPP-trickster Bayifuo-nua and stinking NDC belly-economist Nii Momoni are not to be taken seriously. They are both IMF/WB servants, only doing the bidding of their former paymasters. Nii Momoni engages in a parsing exercise of Bayifuo-nua's utterings and ends with nothing of substance as to the state of the economy and what can be done to redeem it. Both men are deceitful. We must get rid of them both!
Ama Grace 9 years ago

This man joined the NDC govt and he has lost mind!

This man joined the NDC govt and he has lost mind!
Agyaaku USA 9 years ago

What matters is not the economic jargons but the reality on the ground.
What is the rate at forex bureau across the country? Check the increase

What matters is not the economic jargons but the reality on the ground.
What is the rate at forex bureau across the country? Check the increase
Teacher Noah 9 years ago

Nii you are a disgrace to academics. Bawumia's alanysis was not an assumption. The days are gone when Ghanaians were fooled by stupid schorlars like you. No wonder Ghana's economy is falling at an uncontrolable rate with peop ...
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Nii you are a disgrace to academics. Bawumia's alanysis was not an assumption. The days are gone when Ghanaians were fooled by stupid schorlars like you. No wonder Ghana's economy is falling at an uncontrolable rate with people like you managing it. Bawumia spoke as a concerned Ghanaian with no intent of seeking for any political gains. The truth hofurts ha?
fred 9 years ago

I'm so so disappointed in you sir considering you lived in "newyork" am knows how it feels. Sir, I'm not an economist but I remit via western union, moneyGram and all. If the currency is mashed, I'm at lose, my recipient is a ...
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I'm so so disappointed in you sir considering you lived in "newyork" am knows how it feels. Sir, I'm not an economist but I remit via western union, moneyGram and all. If the currency is mashed, I'm at lose, my recipient is at lose as well, the economy would eventually be.
Western union and moneyGram are the winners! Think!!!! I wish I had your number. Jack ass!!!!
RETIRED MP 9 years ago

Devaluation- The exchange rate at the ports and for all cedi denominated imported items have gone up by at least 40%. Cedi depreciation versus dollar and dollar appreciation versus cedi are the same thin ...
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Devaluation- The exchange rate at the ports and for all cedi denominated imported items have gone up by at least 40%. Cedi depreciation versus dollar and dollar appreciation versus cedi are the same things said differently. You dont have to be an economist to know this. All Abossey okai spare parts dealers/traders who go to Dubai know that they need 40% more cedis to buy the same quantity of items they bought in Dubai or CHINA just this December 2014. Yes maybe some people get USD from the central bank at ghs 3.02 to a USD but obviously those are government officials or high level NDC PERSONS. On inflation my simple question is how much chop money did Mr Thompson give his wife in the month of July last year and how much did he give her in July this year. What was the percentage increase? if it was 15% then her wife maybe subsiding his meal from other sources? He must wake up else he may be living as a MALAYSIAN FARMER??
MASTER P 9 years ago

YOUR ANALYSIS DOES NOT REFLECT THE REALITY ON THE GROUND. SIMPLY PUT,
WHY IS THAT THE BANK RATE IS GHC3.03 TO 1 DOLLAR AGAINT GHC3.8 TO THE DOLLAR IN THE FOREX BUREAUS. PEACE

YOUR ANALYSIS DOES NOT REFLECT THE REALITY ON THE GROUND. SIMPLY PUT,
WHY IS THAT THE BANK RATE IS GHC3.03 TO 1 DOLLAR AGAINT GHC3.8 TO THE DOLLAR IN THE FOREX BUREAUS. PEACE
THEORY 9 years ago

Government officials still get their Forex from the central bank at 3.03 cedis to the usd. the masses get their usd from either the commercial banks, forex bureau or the blackmarket at a mimimum of 3.8 ...
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Government officials still get their Forex from the central bank at 3.03 cedis to the usd. the masses get their usd from either the commercial banks, forex bureau or the blackmarket at a mimimum of 3.8 cedis. As usual we will continue talking about it and the government will be pretending to be listening but doing nothing!! why because the direct beneficiaries are government people and big party functionaries? Customs duty is computed using the market rate for converting the usd to cedis. Very strange as that goes directly to government so why dont they use their 3.03cedis rate!!
Whatever 9 years ago

The reason why 3.8 market rate is not used is that under the law, only rates decided and permitted by Bank of Ghana is lawful. The Banks buy from the bank of Ghana and other banks at 3.03 and come and sell to you at retail ra ...
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The reason why 3.8 market rate is not used is that under the law, only rates decided and permitted by Bank of Ghana is lawful. The Banks buy from the bank of Ghana and other banks at 3.03 and come and sell to you at retail rates of 3.8. What do you think the banks are doing? They are making huge profits from their forex operations
THEORY 9 years ago

GO TO TEMA OR THE ACCRA AIRPORT AND CHECK WHAT RATE IS USED IN COMPUTING CUSTOMS DUTY! WAS 3.8 CEDIS TO 1 USD ON MONDAY!!PLS STOP SAYING WHAT U DONT KNOW! CEPS IS 100% RUN BY GOVERNMENT OF GHANA! ...
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GO TO TEMA OR THE ACCRA AIRPORT AND CHECK WHAT RATE IS USED IN COMPUTING CUSTOMS DUTY! WAS 3.8 CEDIS TO 1 USD ON MONDAY!!PLS STOP SAYING WHAT U DONT KNOW! CEPS IS 100% RUN BY GOVERNMENT OF GHANA!!UNLESS THERE IS A LAW THAT EXEMPTS THEM FROM COMPLYING WITH BOG RATES THEN PLEASE EDUCATE US?
Whatever 9 years ago

The Bank of Ghana is the sole entity mandated by law to decide rates, any other rates marked up above BOG's own is a profit laden rates operating under permission from BOG. And Last time I said, every week, there's a procedur ...
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The Bank of Ghana is the sole entity mandated by law to decide rates, any other rates marked up above BOG's own is a profit laden rates operating under permission from BOG. And Last time I said, every week, there's a procedural session which is held by Bank of Ghana for these same Commercial Banks to bid for foreign currencies at different rates. The one rates which attracts the highest number of orders is to be used for the week at customs. The rates changes from week in and week out and I don't know what the rates these commercial Bank's settled for this week at the weekend. But You can sue CEPS to find out whether they are doing that with the permission of Bank of Ghana under the exchange control act.
SARPONG 9 years ago

Idiot, in not free market economy, government set up prices for goods and services and that is known as PRICE CONTROL economy like what goes on in North Korea.

Ghana is a free market economy and prices are determined by de ...
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Idiot, in not free market economy, government set up prices for goods and services and that is known as PRICE CONTROL economy like what goes on in North Korea.

Ghana is a free market economy and prices are determined by demand and supply, you idiot. Go to the market and see how prices of goods are determined.

If you go to the Bank of Ghana now, you will not get One dollar for three cedis because the government has no dollars to exchange so the real rate of exchange should be the interbank average rate.

If the government has dollars, it can reduce the interbank rate by pumping dollars into the system and that will bring the interbank rate and BoG rate close and not the vast difference now at 80 pesewas.
Whatever 9 years ago

The LAW is there read. The can be NO free market economy under an exchange control act. All those dealers in foreign currencies are licensees. There's a licensor which is BOG. Can you be free if you are operating under permis ...
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The LAW is there read. The can be NO free market economy under an exchange control act. All those dealers in foreign currencies are licensees. There's a licensor which is BOG. Can you be free if you are operating under permission? Look BOG is wisely reluctant to pump dollars into it because it doesn't want to overexpose its forex position for very for long. It has already done infusions this year to stabilize the situation in the short-term. You can't do infusions all the time. If it did that, it will overexpose its foreign currencies position on its special depositors accounts
SARPONG 9 years ago

Fuck off with your stupidity. The government has already told the country it will sell bond to earn dollars to stabilize the dollar. The government is broke in terms of foreign currency.

Fuck off with your stupidity. The government has already told the country it will sell bond to earn dollars to stabilize the dollar. The government is broke in terms of foreign currency.
Certified Public Accountant, US 9 years ago

Here is the simplest way to calculate the rate of the currency depreciation, according to the exchange rate as used by Dr Bawumia. Dr Bawumia assumed the exchange rate at close of December 2013, to be GHc2.2 to $1.0. Today, h ...
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Here is the simplest way to calculate the rate of the currency depreciation, according to the exchange rate as used by Dr Bawumia. Dr Bawumia assumed the exchange rate at close of December 2013, to be GHc2.2 to $1.0. Today, he assumed the exchange rate to Ghc3.8 to $1.0. So, here is the simply calculation:
=((3.8-2.2)/3.8)) = 0.42105 or 42.11%. This is why Dr Bawumia rightfully said that "this represents a depreciation of over 40%." Dr Bawumia in his analysis did not use either 2.1628 or 3.035 in determining the level of the depreciation. Casey Hayford did his own analysis independent of the base numbers used by Dr Bawumia. Nii Moi should try not to throw dust into our eyes by trying to fudge his own data to discredit someone's work.
Whatever 9 years ago

Under Ghana's law, specifically the exchange control act, it is the Bank of Ghana's 3.03 that applies. Listen the Bank of Ghana sells foreign currencies at the rate of 3.03 to these banks and they in turn sell it at a range b ...
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Under Ghana's law, specifically the exchange control act, it is the Bank of Ghana's 3.03 that applies. Listen the Bank of Ghana sells foreign currencies at the rate of 3.03 to these banks and they in turn sell it at a range b/n 36 and 42 to their customers. The 3.8 is Bawumia's claim of the median of rate of CBs but that rate is inapplicable under our law. That is why the 28.7 produced by the BOG 3.03 as elucidated by Nii Moi is the correct one
Certified Public Accountant, US 9 years ago

Under which law? It looks as if you do not livein Ghana, or you're naive about the currency market in Ghana. Dr Bawumia says the true rate of the exchange rate should be quoted at GHc 3.8 to $1.0, instead of the superficial r ...
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Under which law? It looks as if you do not livein Ghana, or you're naive about the currency market in Ghana. Dr Bawumia says the true rate of the exchange rate should be quoted at GHc 3.8 to $1.0, instead of the superficial rate being given by the national Bank. Why should you confuse yourself knowing that this BoG rate is a hoax?
Nyameasem 9 years ago

Go to website and check global converter, dollar or cedi is not koobi for sale, that u can sit down and do whatever u like to appreciate it. We are in global world; appreciation and depreciation depend on your country's econo ...
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Go to website and check global converter, dollar or cedi is not koobi for sale, that u can sit down and do whatever u like to appreciate it. We are in global world; appreciation and depreciation depend on your country's economic performance
Whatever 9 years ago

A changing value of one currency to another currency is NOT the same as loss or gain of purchasing power of a currency. Their calculations are different. The former is comparative , the latter is NOT. You sound clueless but N ...
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A changing value of one currency to another currency is NOT the same as loss or gain of purchasing power of a currency. Their calculations are different. The former is comparative , the latter is NOT. You sound clueless but Nii Moi just calculated the former. "To get the cedi’s depreciation (or appreciation), he should have first found the value of ONE GHANA CEDI against the US dollar at two different points in time, which would be the following: 1 divided by 2.1628 and 1 divided by 3.035. If there’s a depreciation, the computer would automatically insert a negative sign (there would be no need to fudge); otherwise, it would be an appreciation. In this case, based on his data, the depreciation rate of the cedi against the dollar would actually be -28.7%, and not 40.3% (which, again, is the appreciation rate of the dollar against the cedi)". Can't you discern?
eddie 9 years ago

Nyameasem,yes there is global converter for the conversion of every currency to another but looking at our situation not everybody get access to BoG exchange rate. infact i will say about 85% of the population rely on these i ...
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Nyameasem,yes there is global converter for the conversion of every currency to another but looking at our situation not everybody get access to BoG exchange rate. infact i will say about 85% of the population rely on these interbank exchange rate so if we can face the realities for once then we should not dwell so much on BoG rate
MASTER P 9 years ago

ONE DOES NOT NEED TO BE A GENIUS TO UNDERSTAND THIS SIMPLE ECONOMIC'S MATHEMATICS. DOC, BE SIMPLE FOR THE LAYMAN TO UNDERSTAND YOU. YOU MAY NOT FEEL IT DUE TO THE POSITION YOU HOLD IN GOVERNMENT BUT THE GOOD PEOPLE OF GHANA A ...
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ONE DOES NOT NEED TO BE A GENIUS TO UNDERSTAND THIS SIMPLE ECONOMIC'S MATHEMATICS. DOC, BE SIMPLE FOR THE LAYMAN TO UNDERSTAND YOU. YOU MAY NOT FEEL IT DUE TO THE POSITION YOU HOLD IN GOVERNMENT BUT THE GOOD PEOPLE OF GHANA ARE SUFFERING
REBUILDING GHANA 9 years ago

We need more people with mathematical brains. Mathematics helps boost brain activity. Mathematics helps people to develop systematic approaches, orderliness and procedures.

Science also helps people to become principled. ...
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We need more people with mathematical brains. Mathematics helps boost brain activity. Mathematics helps people to develop systematic approaches, orderliness and procedures.

Science also helps people to become principled. Poor performance in Science and Mathematics among the majority of our educated folks is the cause of our national mess.
THEORY 9 years ago

THERE ARE SIMPLY TOO MANY PEOPLE IN GOVERNMENT WITH HUMANITIES BACKGROUND , STRONG PHOBIA FOR MATHS HENCE CREATING A FIELD DAY FOR INTELLECTUAL CROOKS TO USE THEIR MATHS , SCIENCE AND ECONOMICS INTELLECT NE ...
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THERE ARE SIMPLY TOO MANY PEOPLE IN GOVERNMENT WITH HUMANITIES BACKGROUND , STRONG PHOBIA FOR MATHS HENCE CREATING A FIELD DAY FOR INTELLECTUAL CROOKS TO USE THEIR MATHS , SCIENCE AND ECONOMICS INTELLECT NEGATIVELY OR SELFISHLY FOR THEIR OWN BENEFIT. BUT THE LEADERSHIP CANNOT SEE THROUGH DUE TO THEIR PHOBIA FOR FIGURES!! WE MAY HAVE TO OUTSOURCE GOVERNMENT VEEERRRYYY SOON!!
DONBOLI 9 years ago

Nii Moi is wrong and advice the govt wrongly. If IMF want to help ghana why lie to them and why is Nii Moi thinking when lying knowing if the truth is said ghana will still get the help from IMF and EU.
EU before ghana sign ...
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Nii Moi is wrong and advice the govt wrongly. If IMF want to help ghana why lie to them and why is Nii Moi thinking when lying knowing if the truth is said ghana will still get the help from IMF and EU.
EU before ghana sign the supposed stupid trade agreement with EU (EPA) they had different figures from what ghana is giving to the IMF.
Those we call govt advicers should lie to the govt thinking they are only lying only to the govt. There lies dont help ghanaians in any way.
Why would the BOG come out and prove Bawumia wrong if they think he is. We all know you cant buy a dollar for less than 3.8 gh cedis. Why lie to IMF when all ghanaians know prices and the value of the cedi is falling.
Nii Moi should be ashame calling himself economist. These book economist are killing ghanaians.
Skains 9 years ago

This intellectual nuisance, Bawumia, has been creating economic/business uncertainty with his stinking-mouth negative pronouncements about Ghana's economy. If he was sensible, he would offer constructive suggestions to impro ...
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This intellectual nuisance, Bawumia, has been creating economic/business uncertainty with his stinking-mouth negative pronouncements about Ghana's economy. If he was sensible, he would offer constructive suggestions to improve the economy instead of always criticizing. Above all, he would never become a vice president with his bootlicking attitude and flirtations with Nana Akuffo Addo. Disloyalty at its height!
CALABASH 9 years ago

This Nii Moi character if the purported "green letter" had any credence and effect, he should be the first one to be shipped out. But in a Mahama NDC administration where Anita De-Soso and her ilk can postulate dwarves being ...
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This Nii Moi character if the purported "green letter" had any credence and effect, he should be the first one to be shipped out. But in a Mahama NDC administration where Anita De-Soso and her ilk can postulate dwarves being responsible for the depreciation of the cedi, Amaliba and Co. postulating that high rise buildings are the cause of the economic nightmare in which the country finds itself, Nii Moi should expect a promotion in this NDC gov't because at the very least, he speaks the economic language, if it doesn't even make any sense. God save Ghana.
Yaw(VA) 9 years ago

That was so funny,Calabash

That was so funny,Calabash
Efo Kobla 9 years ago

Your opening statement made all the you said very very irrelevant. If you know GSS and BoG can defend themselves, what is your business waging into this debate. Massa, forget your 1920 paper and pencil Jacobian economics. Baw ...
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Your opening statement made all the you said very very irrelevant. If you know GSS and BoG can defend themselves, what is your business waging into this debate. Massa, forget your 1920 paper and pencil Jacobian economics. Bawumia is talking of computer based economy; precision.

Massa, were not there when Wampa and Terpke brought their policies to reverse the fall of our cedi? What happened? It speed of fall rather increased.

Massa, if you have the ability to do anything direct it to the cedi and not Bawumia.

We agree Bawumia is wrong; do the right thing.
obiba JK 9 years ago

you are simply great

you are simply great
Nyameasem 9 years ago

1.00 USD = 3.78000 GHS
US Dollar
?
Ghanaian Cedi

1 USD = 3.78000 GHS 1 GHS = 0.264550 USD
Convert again View Chart Mid-market rates: 2014-08-27 03:34 UTC
This universal converter. We can't have time for liars anym ...
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1.00 USD = 3.78000 GHS
US Dollar
?
Ghanaian Cedi

1 USD = 3.78000 GHS 1 GHS = 0.264550 USD
Convert again View Chart Mid-market rates: 2014-08-27 03:34 UTC
This universal converter. We can't have time for liars anymore for their greediness.
KWASI 9 years ago

THE HEADLINE IS MISLEADING.NII NOI ONLY SUCCEEDED IN EXPOSING HIS IGNORANCE, INTELLECTUAL DISHONEST AND BANKRUPT. IF THIS IS WHAT YOU CALL RUBBISHING BAWUMIA`S ANALYSIS, THEN GOD SAVE GHANA. NO WONDER WE ARE IN THIS MESS IF T ...
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THE HEADLINE IS MISLEADING.NII NOI ONLY SUCCEEDED IN EXPOSING HIS IGNORANCE, INTELLECTUAL DISHONEST AND BANKRUPT. IF THIS IS WHAT YOU CALL RUBBISHING BAWUMIA`S ANALYSIS, THEN GOD SAVE GHANA. NO WONDER WE ARE IN THIS MESS IF THE LIKES OF NII NOI ARE ECONOMICS ADVISORS TO THE PRESIDENT.
Efo Kobla 9 years ago

If I were Nii Moi I would be weeping like Elvi Afriyie Ankrah. Don't you feel ashamed. If you were an Asian you would have shot yourself dead! If you are the advisor on the economy and we are in this mess you rather keep quie ...
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If I were Nii Moi I would be weeping like Elvi Afriyie Ankrah. Don't you feel ashamed. If you were an Asian you would have shot yourself dead! If you are the advisor on the economy and we are in this mess you rather keep quiet as Fiifi Kwartey and take your salary. What impact is your advice. Surely you are in this mess because of people like you. Address the falling economy and not that little boy Bawumia.
SYDNEY 9 years ago

U SPEAK ALL THE BEAUTIFUL ENGLISH BUT U CANT PROFFER ANY SINGLE SOLUTION TO THE CREATE LOOT AND SHARE OF UR THIEVING NDC GOVT WHICH HAS DESTROYED OUR ECONOMY SO BADLY...STUPID FOOL, BETTER SHUT UP AND LET BAWUMIA DO THE TALK ...
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U SPEAK ALL THE BEAUTIFUL ENGLISH BUT U CANT PROFFER ANY SINGLE SOLUTION TO THE CREATE LOOT AND SHARE OF UR THIEVING NDC GOVT WHICH HAS DESTROYED OUR ECONOMY SO BADLY...STUPID FOOL, BETTER SHUT UP AND LET BAWUMIA DO THE TALKING AND ADVISING.
Lopez 9 years ago

If we have people of Dr Nii Moi's interlect advising our president then no wonder our economy is being run to the drain. Look at his analysis is full of baseless quotaions which is what Dr Bawumia is complaining about.I don't ...
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If we have people of Dr Nii Moi's interlect advising our president then no wonder our economy is being run to the drain. Look at his analysis is full of baseless quotaions which is what Dr Bawumia is complaining about.I don't blame him for quoting figures which are not reality but still want Ghanaians to believe it. How can you say apprciation of the dollar when our problem is the reverse of our currency and still condemn Bawumia. Anyway how come with all your advise NDC is still struggling with managing the economy. Continue to tickle yourself and think your lies to Mahama will fix the collapsed economy. Your analysis is hollow, no wonder Mahama is confused.
Dan 9 years ago

They should call for debate to know who is telling the truth.

They should call for debate to know who is telling the truth.
Yaw 9 years ago

Dr Nii Moi, do not forget that the quoted BOG rate at Dec '13 was not different from the average quoted rates of the commercial banks.

Dr Nii Moi, do not forget that the quoted BOG rate at Dec '13 was not different from the average quoted rates of the commercial banks.
hawa 9 years ago

Immediately Bawumia issued his statement, BOG has Immediately changed their 3 months constant 3.03 weighted forex rate to 3.1333. Why now when all the BOG forex policies have been cleaned and cedi hs strated showing some stre ...
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Immediately Bawumia issued his statement, BOG has Immediately changed their 3 months constant 3.03 weighted forex rate to 3.1333. Why now when all the BOG forex policies have been cleaned and cedi hs strated showing some strength.
Nii what makes ur analysis empty is that you have supported Bawumia indirectly, but your aim was to give NDC propagandist propaganda ammunitions.
Is the $ appreciating against the cedi or the cedi is appreciating against the the $. This Bawumia got it right not yoi Nii.
It show why the government is abysmally performing.
What BOG did was wicked
mahama 9 years ago

this guy is still under ndc pay. he should shut his foolish mouth. cos life is unbearable in this incompetent mahama government. only takertives. foolish economics. nantwie mooooooooooooooooooooo

this guy is still under ndc pay. he should shut his foolish mouth. cos life is unbearable in this incompetent mahama government. only takertives. foolish economics. nantwie mooooooooooooooooooooo
kwame peter 9 years ago

Nii Moi deliberately did not talk about the forex rates which case was the mainstay of bawumia's analysis. I think nii Moi has not been comprehensive as bawumia's but only picked on weak links to make an empty case. We are in ...
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Nii Moi deliberately did not talk about the forex rates which case was the mainstay of bawumia's analysis. I think nii Moi has not been comprehensive as bawumia's but only picked on weak links to make an empty case. We are interested in the link of the forex to inflation.
Kwame Annan 9 years ago

I respect this man

I respect this man
Nana Antwi 9 years ago

Dr. Bawumia, a technocrat, has since entering politics has successfully courted support in the opposition NPP by playing to the gallery with re-engineered statistics (at Supreme Court and in Statements of the Economy) to back ...
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Dr. Bawumia, a technocrat, has since entering politics has successfully courted support in the opposition NPP by playing to the gallery with re-engineered statistics (at Supreme Court and in Statements of the Economy) to back Nana Addo's leadership claims, and get ahead of all economists in the party. The target has been to cast him as the "Leading Economist" of the Party, a campaign asset and ultimately Party Leader. This is understandable because Nana Addo, at his age, badly needs a Mills-type succession plan that maintains his grip over the NPP, and Bawumia who has no constituency and clout in the yenim fre titi Party leadership and traditions will have his future forever tied to Nana Addo's mafia. But why is it that the foundations of his every economic argument has to be based on rubbishing the institutions that provide economic data on Ghana locally and internationally. How does he intend to restore the credibility of these statutory institutions he is now discrediting if he becomes Vice-President - by personal guarantees that he will not interfere or influencing their work, when even in opposition he is trying to do so. These so called revelations eventually define his person, politics and future, as technocrat and thought leader, if he really wants to maintain broad-based respectability and statesmanship before and after political office, post-2016. Eventually, true leaders aim for honest statesmanship not convenience and partisanship.
ohwini 9 years ago

The dollar appreciated against the cedi by4O% yet the cedi depreciated against the dollar by 27%?

This is a mere technicality which stems from the way devaluation stats are TERMED. It does not reflect real life experience. ...
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The dollar appreciated against the cedi by4O% yet the cedi depreciated against the dollar by 27%?

This is a mere technicality which stems from the way devaluation stats are TERMED. It does not reflect real life experience. Nii Moi is using smoke and mirror economic sleight of hand and it will come to haunt him.
The cedi-dollar rate is the COROLLARY of the devaluation and does not decrease or lessen the effect of the catastrophe that has befallen the currency of our dear land.
OMAN BAPA 9 years ago

BETTER FIX GHANA ECONOMY FOR GHANIANS,FOOOOOOL THAT IS ALL GHANIANS NEED

BETTER FIX GHANA ECONOMY FOR GHANIANS,FOOOOOOL THAT IS ALL GHANIANS NEED
Annorwuo 9 years ago

His now 'famous' one-liner of you and I were not there from the witness stand during the SC Election Petition hearings last year,but is he entitled to any slack in this bold-faced attempt to engage in pure sophistry in own ...
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His now 'famous' one-liner of you and I were not there from the witness stand during the SC Election Petition hearings last year,but is he entitled to any slack in this bold-faced attempt to engage in pure sophistry in own chosen discipline? He who lives by the sword will also dies by the sword!
But look at all these partisans have solidly lined up him,and are doing their best to over-dramatize a serious but a temporary national situation!
It is simply a sad situation wherein a group of 'knowledgeable' individuals will do just about anything to win political power.
kd 9 years ago

Isaiah 58:15

Isaiah 58:15
agyeman 9 years ago

I sometimes wonder the kind of appointees Mahama has advisng him. Fact is that most of these people with massive credentials do not have native intellect. Managing Ghana;s economy now is not about book knowledge it is about c ...
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I sometimes wonder the kind of appointees Mahama has advisng him. Fact is that most of these people with massive credentials do not have native intellect. Managing Ghana;s economy now is not about book knowledge it is about common sense. It is about a group of persons who have squandered our money recklessly and need to still operate. What do you do? Stick to bare essentials - education, health, agric and forget equiping the army, constructing flyovers etc. tackle what will make the economy move - improved business activity, injection of cash into exportable agro products etc. Common sense Mahama. All of you should think and think. What is this nonsense going on. There are matured people in the system who can help solve our problems. Engage them and stop these empty doctors who do not use their heads.
Abele 9 years ago

I get worried when our esteemed Bawumia plays cheap politics to catch the eyes of NPP king makers. There's better way for him to gain recognition rather than resorting to some baseless economic figures that he twists to suit ...
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I get worried when our esteemed Bawumia plays cheap politics to catch the eyes of NPP king makers. There's better way for him to gain recognition rather than resorting to some baseless economic figures that he twists to suit his political masters. For him to think that he, and he only, has the right inflation/forex figures and everybody else is wrong is pathetic indeed. At the rate he keeps spewing unscientific economic data and allegations, he will end up discrediting himself, all in the hope he becomes vice president, then Akuffo-Ado dies and then he automatically becomes president. That's his long-term goal so he has started firing on his cylinders for recognition and acceptance. But let the truth be told that honesty is a virtue. what goes around comes around. Take a cue from Dr. Faustus. A word to the wise...!
bibi 9 years ago

Since Nii Moi knows that much of economics, why is it that he is one of economic advisers to government and we are in this much mess? He should come again

Since Nii Moi knows that much of economics, why is it that he is one of economic advisers to government and we are in this much mess? He should come again
Otoo 9 years ago

Bawumia is just a quack and fake economist. Afterall who knows this common Bawumia in the international field of economists. In Ghana anyone fool who has a Ph.D in economics in a low class UIniversity in Canada and worked for ...
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Bawumia is just a quack and fake economist. Afterall who knows this common Bawumia in the international field of economists. In Ghana anyone fool who has a Ph.D in economics in a low class UIniversity in Canada and worked for some years at the World Bank, is overnight an expert. Bawumia is just bogus in economic knowledge. Was Bawumia not the deputy Gov. of BOG when our country acquired foreign loans to back our local curreny the Cedi. Back the local currency so that thieves could exchange their Cedis into Foreign exchange and then transfer the foreign currency into their accounts abroad. This is what we call Makola and Buying and Selling Economics. Bawumia is nobody. Top economists in the world are found in Financial Institutions
and at the Universities and not in politics. Top economists think well before they analzye and speak and not just make statements for political gains. Bawumia is NO TOP ECONOMIST: PERIOD.
Floating Voter. 9 years ago

God have mercy on all these pink sheets economists !

God have mercy on all these pink sheets economists !
KWAME SAM 9 years ago

THE PRESIDENT HAS TO FIRE THIS NII MOI. WITH ALL THESE FACTS NII MOI CANNOT GET, AND HE IS STILL THE PRESIDENT`S ECONOMIST? SAD! SAD TO THE EXTENT THAT EVEN A FIRST YEAR SSS STUDENT CAN TELL YOU WHAT IS WRONG WITH GHANA ...
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THE PRESIDENT HAS TO FIRE THIS NII MOI. WITH ALL THESE FACTS NII MOI CANNOT GET, AND HE IS STILL THE PRESIDENT`S ECONOMIST? SAD! SAD TO THE EXTENT THAT EVEN A FIRST YEAR SSS STUDENT CAN TELL YOU WHAT IS WRONG WITH GHANA`S ECONOMY. IS A FACT THAT AS SOON AS PEOPLE LIKE NII MOI, GOV.OF THE CENTRAL BANK OF GHANA AND THE MINISTER OF FINIANCE LEAVES GHANA WILL BE FINE. HOW CAN SUCH A PERSON LIKE NII MOI BE AN ECONOMIST? LOOK, THE CEDI/DOLLAR ISSUE ALONE CAN TELL YOU THAT THIS NII MOI BOY IS AN EXPENSE AND IS A LIABILITY TO THIS NDC GOVENMENT. SHAME UNTO YOU, BOY!!
CAPT. BILLY BONES 9 years ago

DR. NII MOI SEEMS TO BE CONFUSING HIMSELF AND READERS.HIS RESPONSE CAN BE SEEN AS HIGHFALUTIN.

DR. NII MOI SEEMS TO BE CONFUSING HIMSELF AND READERS.HIS RESPONSE CAN BE SEEN AS HIGHFALUTIN.
Band fo bisi!! 9 years ago

He does not see anything wrong with the economy. Having been ensconsed in the Flagstaff House with a fat salary, allowances, a V8 Landcruiser etc so he is defending government. Ghana!! Wonders will never end.

He does not see anything wrong with the economy. Having been ensconsed in the Flagstaff House with a fat salary, allowances, a V8 Landcruiser etc so he is defending government. Ghana!! Wonders will never end.
agyei 9 years ago

i dont tinc he said so, if his figures r wrong brings urs simple

i dont tinc he said so, if his figures r wrong brings urs simple
BOATENG 9 years ago

A renowned economist, Kwame Pianim, has defended the credibility of the exchange rate and inflation figures released by the Bank of Ghana (BoG) and the Ghana Statistical Service (GSS).

Data released from the two institutio ...
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A renowned economist, Kwame Pianim, has defended the credibility of the exchange rate and inflation figures released by the Bank of Ghana (BoG) and the Ghana Statistical Service (GSS).

Data released from the two institutions have been questioned by some economists including a former Deputy Governor of the Bank Of Ghana, Dr. Mahamudu Bawumia.

But economist Kwame Pianim says the work of professionals in these institutions must be respected.

“Politicians like Dr. Bawumia and think tanks can raise the issue, to say we have the feeling that looking at certain things may be these figures may not reflect the realities on the ground. It is a hunch. The only people who have the numbers are these institutions….let’s give credibility to our numbers and our systems and our professionals “, he stressed.

Kwame Pianim also questioned how the same professionals who worked under Dr. Bawumia when he was deputy governor of the Bank of Ghana could be accused of manipulating figures and data.

“Dr. Bawumia was the Deputy Governor of the Bank of Ghana; he knows how statistics in Bank of Ghana are put together, what has changed at the Bank of Ghana and at the ministry? The people were working for him (previously), they are still there? “, he stated.
GbagbladzaV 9 years ago

Thank you Nii. I have been watching with amazement the depth of Bawumia's intellectual dishonesty since he mounted the political landscape.

He continues to make a fool of his Phd each time he makes presentation on the subj ...
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Thank you Nii. I have been watching with amazement the depth of Bawumia's intellectual dishonesty since he mounted the political landscape.

He continues to make a fool of his Phd each time he makes presentation on the subject over which he claims to be an expert. Why can't he follow basic rules in analysis of this nature? you can't compare apples with oranges or a chameleon with agama lizard, or?
Then this dubious financial analyst of Casely Hayford too. why use wrong formular in making serious economic analysis for publication. the golden rule for the analyst is that if you are in doubt, do some basic research. it is a shame!

Nii Moi's presentation is at least intellectually appealing. there are things going wrong. but we state the truth!!
Hard Listeners 9 years ago

Very interesting analysis made but does not change facts. Dr. Bawumia made known figures since June for the exchange rate for a dollar at 3.03 cedis to date.Certainly that is not the case. For inflation figures there may be s ...
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Very interesting analysis made but does not change facts. Dr. Bawumia made known figures since June for the exchange rate for a dollar at 3.03 cedis to date.Certainly that is not the case. For inflation figures there may be some truth in them as I keep saying that as figures go up their percentage differences reduce. Simply add 5 to 5 and there is a 100% increase but add another 5 and it comes down to 50% increase over the 10. increasing numbers added would further give a much lesser percentage increase to the numbers.
Hard Listeners 9 years ago

I just don't get when NDc fanatics seize on propaganda churned out by their propaganda machinery like re denomination being the cause of our current woes. How many zeros did Zimbabwe wipe off their currency when they had the ...
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I just don't get when NDc fanatics seize on propaganda churned out by their propaganda machinery like re denomination being the cause of our current woes. How many zeros did Zimbabwe wipe off their currency when they had the Galloping inflation just some few years ago? They even printed new notes and today their currency rates better than Ghana's own. Big shame to these sycophants.
Pearson Nimoh 9 years ago

Hi all please find unbiased analysis of Bawumia claim from here [ghanaeconomygraphics.blogspot.com]

Hi all please find unbiased analysis of Bawumia claim from here [ghanaeconomygraphics.blogspot.com]
Ghanaman 9 years ago

Nii Moi is working for the gvt so now he claims the gvt agencies are right.

Nii Moi is working for the gvt so now he claims the gvt agencies are right.
Nec 9 years ago

??

??
Mike Gizo 9 years ago

Useless nii moi thompson. Another propagandist n greedy bastard in Ghana moved by tribal n hatred comments

Useless nii moi thompson. Another propagandist n greedy bastard in Ghana moved by tribal n hatred comments
Wiafe 9 years ago

GOG dependence on foreign "economics" to propel the Ghanaian economy is part of the problem.

The other which Nii has refused to comment on is the spate of corruption that no economics textbook can analyze. Welcome to Ghan ...
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GOG dependence on foreign "economics" to propel the Ghanaian economy is part of the problem.

The other which Nii has refused to comment on is the spate of corruption that no economics textbook can analyze. Welcome to Ghana--Mr. Thompson.

Nii Moi rubbishes Bawumia's "false" analysis

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