I am at a loss. The factors quoted by Govt Communicators to have accounted for the depreciation of the cedi are still there .For instance they said Ghanaians import too much. They said the Kufuor redenomination of the cedi wa ... read full comment
I am at a loss. The factors quoted by Govt Communicators to have accounted for the depreciation of the cedi are still there .For instance they said Ghanaians import too much. They said the Kufuor redenomination of the cedi was the cause. These bfactors still exist so why ius the cedi gaining strenght now? The only reason is that Govt did not know what they were talking about --including DR. Wampah the BOG governor. Mahama/NDC are just doing by heart, knee jerk, voodoo administration--unscientific and doormat thinking. Illiterate cheats who have mouths to deceive electorate
Goose pimples 9 years ago
NPP has not seen anything yet! Ghana will be heaven! Nana will get a heart attack. His diabolical tactics will only kill Alan Cash and not Mahama. Mahama will turn Ghana into the envy of est Africa- good currency, food basket ... read full comment
NPP has not seen anything yet! Ghana will be heaven! Nana will get a heart attack. His diabolical tactics will only kill Alan Cash and not Mahama. Mahama will turn Ghana into the envy of est Africa- good currency, food basket, business friendly, fine road networks and bring supported by 90% of Ghanaians. NPP has some big dissapointment coming, wait and see!
OLD SOLDIER 9 years ago
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!! WHERE DID GHANAIANS GO WRONG TO SUFFER LIKE THIS? YOU MAHAMA BUILDING YOUR HOTELS ABROAD, AFRIYIE ANKRA BUYING MANSIONS AT EAST LEGON, OKUDJETO ACQUIRING FILLING STATIONS ALL OVER, TOGBUI AF ... read full comment
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!! WHERE DID GHANAIANS GO WRONG TO SUFFER LIKE THIS? YOU MAHAMA BUILDING YOUR HOTELS ABROAD, AFRIYIE ANKRA BUYING MANSIONS AT EAST LEGON, OKUDJETO ACQUIRING FILLING STATIONS ALL OVER, TOGBUI AFEDE FILLING HIS BANK ACCOUNTS ABROAD< ASIEDU NKETIA SPREADING FILLING STATIONS ALL OVER BRONG AHAFO AND BUYING MANSION IN CALGARY CANADA, HANNA BISSIW ,OYI LITHUR ANITA DISOSO SPREADING MONEY AS IF GHANA HAS NO PROBLEM
KWEKU MFANTSE 9 years ago
This is just the calm before the storm!!!!! After the IMF bailout is rolled out with senseless cutting of social intervention programs and support, we'll see.
This is just the calm before the storm!!!!! After the IMF bailout is rolled out with senseless cutting of social intervention programs and support, we'll see.
Gye Nyame 9 years ago
So have consumer prices gone down? I guess not, what they may not have realized is that the harbors are empty, businesses are holding off on imports, so the demand for foreign exchange has gone down until businesses start imp ... read full comment
So have consumer prices gone down? I guess not, what they may not have realized is that the harbors are empty, businesses are holding off on imports, so the demand for foreign exchange has gone down until businesses start importing again. If you are not seeing prices drop then the situation has not been stabilized.
OLD SOLDIER 9 years ago
When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, h ... read full comment
When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, he had the gut to recommend his fellow journalists to be executed by PNDC. Pratt even recommended Baako to be killed by the regime, thank God Baako was instead touchered violently and severely but his life was spared. This is what Kwesi Pratt can do. Now Pratt is a secret agent to NDC and US Embassy in Ghana. May God forgive Pratt and spare him the untold evils that will come upon him and his generations. The souls of those journalist killed through Pratt's recommendations to PNDC will never forgive Pratt. Now Pratt has the guts to take Diplomatic Passport and smuggled his weak-headed children to work at the Ministries under Mills NDC, may God forgive Pratt and his dependance and spare them of the evils ahead of them...
VVV 9 years ago
NPP MORGANS
NPP MORGANS
Kweku 9 years ago
Argentina would come to Ghana sometime in the future. This latest bond is issued at what coupon and were bought by what group of people? There are always hedge fund 'VULTURES' who eat carcasses of rotten bonds risking funds j ... read full comment
Argentina would come to Ghana sometime in the future. This latest bond is issued at what coupon and were bought by what group of people? There are always hedge fund 'VULTURES' who eat carcasses of rotten bonds risking funds just to earn greedy returns.
IMF is surety for these vultures to say to their investors that they took the right decision for their funds during the purchase time because the coupon was way above the prevailing risks.
Kofi Oppong 9 years ago
IDIOT
IDIOT
facts 9 years ago
NDC too talk. Bawumia identified the problem and suggested solutions but they were all rejected but now we see there is no other way but to borrow a thought from him. Now we all know Ghana is in crises which finally too us to ... read full comment
NDC too talk. Bawumia identified the problem and suggested solutions but they were all rejected but now we see there is no other way but to borrow a thought from him. Now we all know Ghana is in crises which finally too us to IMF- Bawumiah is too strong.
Charles Agbenu 9 years ago
NPP will continue to teach them. They stole SADA and messed up. They are stealing Free SHS education. Bawumia showed them the way to go to save Ghana. Posterity will condemn NDC. Posterity will hail NPP. Posterity will ask ho ... read full comment
NPP will continue to teach them. They stole SADA and messed up. They are stealing Free SHS education. Bawumia showed them the way to go to save Ghana. Posterity will condemn NDC. Posterity will hail NPP. Posterity will ask how Ghanaians allowed themselves to be so deceived in their lives--in NDC era?
NANA 9 years ago
NO AMOUNT OF PROPAGANDA CAN CAUSE NDC'S DEFEAT. WHERE WAS BAWUMIA WHEN THE CEDI DEPRECIATED TO THE EXTENT THAT WE HAVE TO REDENOMINATE OUR CEDIS? WHERE WERE HIS EXPERTISE WHERE GHANA TELECOM HAVE TO BE SOLD TO PAY SALARIES AN ... read full comment
NO AMOUNT OF PROPAGANDA CAN CAUSE NDC'S DEFEAT. WHERE WAS BAWUMIA WHEN THE CEDI DEPRECIATED TO THE EXTENT THAT WE HAVE TO REDENOMINATE OUR CEDIS? WHERE WERE HIS EXPERTISE WHERE GHANA TELECOM HAVE TO BE SOLD TO PAY SALARIES AND THE REST.WHAT IS NPP COMING TO DO IN POWER. THEY NEED MONEY TO PAY THEIR DEBTS THAT'S ALL. NO WAY FOR NANA IN 2016. HE CAN GO TO HELL. BETTER GHANA
VVV 9 years ago
COME AGAIN
COME AGAIN
KOKI 9 years ago
Dr. Bawumia is still around. You need him for further scrutinzing of the economy? Be grateful for people like him who make governments to sit up and take decisive actions to revive economics. Step two: wait for him if you cho ... read full comment
Dr. Bawumia is still around. You need him for further scrutinzing of the economy? Be grateful for people like him who make governments to sit up and take decisive actions to revive economics. Step two: wait for him if you choose to do nothing and swim in the glory of the strengthening of the cedi, to drum home the need to check factors that could mitigate against the gains.
Look, whether it's Bawumia challenging economic indicators or Finance minister going for eurobond the bottom line is we must succeed as a nation and for some of us it doesn't really matter who makes it happen.
Kofi Oppong 9 years ago
FUCKIN IDIOT if the NDC are so great why did their own supporters whom they took to the world cup want to seek asylum in Brazil because that imbecile mahama and his fools have messed up the country.
FUCKIN IDIOT if the NDC are so great why did their own supporters whom they took to the world cup want to seek asylum in Brazil because that imbecile mahama and his fools have messed up the country.
Concerned 9 years ago
The price of dollars and other foreign currency went up because there was a shortage. After the sale of the euro bond we now have a billion dollars so the supply of dollars have gone up pushing the price down. After the ndc ... read full comment
The price of dollars and other foreign currency went up because there was a shortage. After the sale of the euro bond we now have a billion dollars so the supply of dollars have gone up pushing the price down. After the ndc have finished stealing this one too the scarcity of foreign currency will again start driving down the value of the cedi.
The underlying causes of the cedi depreciation has not been addressed yet so the reversal of our fortunes is only a temporary one
Nana Adwoa New York 9 years ago
TEKPER PREDICTED AND ITS NO MAGIC THE SCENARIO CASES ARE
1.COCOA MAIN SEASON STARTS IN OCTOBER EVERY YEAR AND THE SYNDICATION OF BANKS SINGS LOANS FOR PURCHASES OF COCOA IN THE REGION OF SEVERAL MILLIONS OF DOLLARS EVERY YEA ... read full comment
TEKPER PREDICTED AND ITS NO MAGIC THE SCENARIO CASES ARE
1.COCOA MAIN SEASON STARTS IN OCTOBER EVERY YEAR AND THE SYNDICATION OF BANKS SINGS LOANS FOR PURCHASES OF COCOA IN THE REGION OF SEVERAL MILLIONS OF DOLLARS EVERY YEAR WHICH COMES IN TO SHORE UP OUR WEAK CURRENCY.
2.IMPORTERS MOST OFTEN PREPARE THEI IMPORTATION ISSUES FOR CHRISTMAS GOODS AROUND THIS TIME AND THEY WILL NOT BE DUE FOR PAYMENT UNTIL AFTER CHRISTMAS HOLIDAYS.
3.THE EUROBOND INFLOWS WILL ADD SOME WEIGHT
These and some few others are what is stabilizing the system now so there is no miracle from Seth Tekper please nothing has been done at least for now
ASEM 9 years ago
ARE GHANAIANS GOING TO VOTE FOR THESE PEOPLE FOR WORKING FOR JUST 2 YEARS AND LOOTING FOR SIX YEARS?
ARE GHANAIANS GOING TO VOTE FOR THESE PEOPLE FOR WORKING FOR JUST 2 YEARS AND LOOTING FOR SIX YEARS?
Charlie? 9 years ago
NPP is a sad Ghana story. Haba! You are wishing your own country bad and God is blessing it under President Mahama and you are sad and crying? What kind of people are theses!
NPP is a sad Ghana story. Haba! You are wishing your own country bad and God is blessing it under President Mahama and you are sad and crying? What kind of people are theses!
yaw obotan 9 years ago
how long is cedi going to stabilize? let's hope for the best.
how long is cedi going to stabilize? let's hope for the best.
Kofi Ata, Cambridge, UK 9 years ago
Yaw, you are right that the cedi appreciation could be cut short if the dumsor (energy crisis)continues for long. I believe Economists are giving too much credit to the IMF intervention because the bail out is yet to start.
... read full comment
Yaw, you are right that the cedi appreciation could be cut short if the dumsor (energy crisis)continues for long. I believe Economists are giving too much credit to the IMF intervention because the bail out is yet to start.
What they have forgotten is that in the last few months, energy supply stabilized and that has contributed to businesses (economic activities) and operating consistently and perhaps increasing production (relatively). That might have also reduced demand for foreign imports and increased exports marginally (all relative to the previous dumsor days). With stable energy for the period under consideration and the Euro bond, the demand for major foreign currencies has gone down and with it the cedi appreciating.
Sadly, the stable energy is short lived as load shedding is back in full swing. It will affect economic activities negatively, demand for foreign exports will go up again whilst exports will go down. As a result, demand for foreign currencies will go and soon the cedi may go back into free fall. In other words, until Ghana resolves the energy crisis and ensures regular supply of energy for businesses and economic activity, the cedi would always be at risk of the financial markets.
Honest Tony 9 years ago
I don't want to be in the skin of Dr. PINK SHEET. He wanted to be like Obama. Shame unto u. Ur evil thinking doesn't come through
I don't want to be in the skin of Dr. PINK SHEET. He wanted to be like Obama. Shame unto u. Ur evil thinking doesn't come through
HARD LISTENERS 9 years ago
this govt wants to take credit for good results but gives excuses for failures. the stability came as a result of reversal of bad policies by BOG on controlling private foreign accounts. the drop has been the result of specul ... read full comment
this govt wants to take credit for good results but gives excuses for failures. the stability came as a result of reversal of bad policies by BOG on controlling private foreign accounts. the drop has been the result of speculators releasing their foreign cash in order not to lose. let the cedi stabilise a little and see how it drop in value again getting to christmas.
Krikri 9 years ago
This news certainly does not excite the Matemehu Bomb throwers and Kufour's looting brigade at all. All they want to see and hear is destruction and bad news - sice independence. But GOD IS GREAT, ALLAHU AKBAR
This news certainly does not excite the Matemehu Bomb throwers and Kufour's looting brigade at all. All they want to see and hear is destruction and bad news - sice independence. But GOD IS GREAT, ALLAHU AKBAR
daladam 9 years ago
the minor gain can go the other way any day now stop beliving terkper and mahama lies ,our cedi have no value due to terkper voodoo economics
of high vat and high taxes the man deserve zero credit lets stop the denial
the minor gain can go the other way any day now stop beliving terkper and mahama lies ,our cedi have no value due to terkper voodoo economics
of high vat and high taxes the man deserve zero credit lets stop the denial
richhiee 9 years ago
U just dnt know wat u are writing better shut up Anlo man like u
U just dnt know wat u are writing better shut up Anlo man like u
KWAA 9 years ago
We do apreciate the fact that the Cedi has stablized,but the fact also is,we went to the International Market to sell Euro Bonds for Billion Dollars.This is more or less a credite which we have to pay with huge interest.The q ... read full comment
We do apreciate the fact that the Cedi has stablized,but the fact also is,we went to the International Market to sell Euro Bonds for Billion Dollars.This is more or less a credite which we have to pay with huge interest.The question now is,how do we invest the Billion Dollars to yield dividence?
Up tilll now Government haven`t shown anything that can assure Ghanaians it can manage the Economy.The NDC Government since 2009 has taken more loans than any Government in the history of this Nation,yet they are struggling.
We are waiting to see how they will manage this loan this time round.We are not yet out of the woods,so the rented press of the NDC shouldn`t jubilate so fast.
But we hope things will get better for the sake of the good people of Ghana.
NII KOLIKO 9 years ago
THE WORD IS DIVIDEND AND NOT "DIVIDENCE" ( CHECK YOUR ASHANTI ENGLISH GRAMMAR ) PLEASE!!!
THE WORD IS DIVIDEND AND NOT "DIVIDENCE" ( CHECK YOUR ASHANTI ENGLISH GRAMMAR ) PLEASE!!!
KWAA 9 years ago
Nee if the only problem you have in this World is my "Ashanti" English,then you don`t have a problem at all.
Thanks anyway for your correction.
Bear in mind i am not an Englishman and i am proud to be a Ghanaian.
Nee if the only problem you have in this World is my "Ashanti" English,then you don`t have a problem at all.
Thanks anyway for your correction.
Bear in mind i am not an Englishman and i am proud to be a Ghanaian.
MENSA 9 years ago
WE MUST NOT FORGET THAT HIS VOODO ECONOMIC POLICY GOT US TO THE MESS WE NOW HAVE IN GHANA THIS IS THE MAN THAT RAISE VAT AND TAXES ON US WE MUST REMMBER THIS
WE MUST NOT FORGET THAT HIS VOODO ECONOMIC POLICY GOT US TO THE MESS WE NOW HAVE IN GHANA THIS IS THE MAN THAT RAISE VAT AND TAXES ON US WE MUST REMMBER THIS
fail 9 years ago
ndc lies
ndc lies
Joe Turkey 9 years ago
Borrowing heavily to pay you bills does no make you rich, not does it make you debt-free. It's not even a strategy. Just wait until John Mahama decides how much to give to Ibrahim Mahama and you see what happens to the cedi.
Borrowing heavily to pay you bills does no make you rich, not does it make you debt-free. It's not even a strategy. Just wait until John Mahama decides how much to give to Ibrahim Mahama and you see what happens to the cedi.
Dede 9 years ago
Stop the nonsense, how's he vindicated? It only happened because of the IMF loan, Terper did nothing to stabilize it.
Stop the nonsense, how's he vindicated? It only happened because of the IMF loan, Terper did nothing to stabilize it.
PQ 9 years ago
THANK GOD THE CEDI IS GAINING GROUNDS NOW.
THANK GOD THE CEDI IS GAINING GROUNDS NOW.
PQ 9 years ago
ONE KUMASI BURGER COME TO THE PORT WITH ALL HIS MONEY CHANGED TO DOLLARS EARLIER ON AND AFTER THE HOLIDAYS THE DOLLAR HAD DROP DRASTICALLY HE THEN STATED INSULTING THE PRESIDENT FOR THE DROP OF THE DOLLAR.HAHAHA
ONE KUMASI BURGER COME TO THE PORT WITH ALL HIS MONEY CHANGED TO DOLLARS EARLIER ON AND AFTER THE HOLIDAYS THE DOLLAR HAD DROP DRASTICALLY HE THEN STATED INSULTING THE PRESIDENT FOR THE DROP OF THE DOLLAR.HAHAHA
Charles Agbenu 9 years ago
You surely do not have examples of Ewe businessman who lost similar, do you? You sound funny, PQ!
You surely do not have examples of Ewe businessman who lost similar, do you? You sound funny, PQ!
KWAME-BELGIUM 9 years ago
Where is Pro. Dr. Pink Sheets? What has he to tell us now?
Where is Pro. Dr. Pink Sheets? What has he to tell us now?
TT 9 years ago
Hello,
The dollar has been stabilized for now at 3.5 cedis. It was 2.2 cedis in January. Solution is when it comes back to 2.2 cedis. They have just halted the rise not resolved the problem. It will rise again this Christm ... read full comment
Hello,
The dollar has been stabilized for now at 3.5 cedis. It was 2.2 cedis in January. Solution is when it comes back to 2.2 cedis. They have just halted the rise not resolved the problem. It will rise again this Christmas.
FOOLISHNESS 9 years ago
This cause nothing to celebrate at all. There is no NDC or NPP when your economy is unproductive, dollar scrpped and you have to go and borrow high interest foreign currency to cushion your unprodctive economy. To the interna ... read full comment
This cause nothing to celebrate at all. There is no NDC or NPP when your economy is unproductive, dollar scrpped and you have to go and borrow high interest foreign currency to cushion your unprodctive economy. To the international creditors, the country has foreign currency to pay them their interests on the previous loans without default. Is it an achievement?
To those praising Tekper: The Bonds are speculative just as the collapsing economy was also speculative. How do you borrow money from someone to stabilize your economy for long. This speculations will depend on how the bonds money are utilized. If they are used to pay salaries, fill gaps for useless ventures or as usual stolen or misappropriated, the repercussions will be worse than we have seen. When you borrow money, you invest it in income generating ventures that will enable you to recoup the capital and the interest on the loan as well as generate small income for yourself. If it is used for social flimsy propaganda things like village school buildings, village health centres, akomfem project, World Cup etc, in two three years, we cannot even pay the interest and let alone the loan. Just recollect what happened to Argentina and Greece recently, countries that had bigger economies than Ghana, will tell you the implications. Unfortunately, NDC has no track record to utilize the funds effectively. I think Ghanaians think suffering has become normal because of this silly NDC government. There are other countries accelerating development to the extent that Ghana is lagging behind. Countries like Rwanda, Kenya, Botswana, Namibia even Nigeria are doing better. Suffering is usually self imposed. I beg to differ, I have not seen any reasonable human being in the world that will jubilate because he has received a high interest loan. Only in Ghana and NDC.
francis 9 years ago
Which kind vindication?it is not through any effort of his
Which kind vindication?it is not through any effort of his
CNN News 9 years ago
What is there to write home about when £1 can now get you 5.2 cedis. The government minimum wage is 6 cedis
What is there to write home about when £1 can now get you 5.2 cedis. The government minimum wage is 6 cedis
Brigitte 9 years ago
You mean people in Ghana are happy because they went to borrow 2 billion dollars for which they are going to pay 3 billion dollars in five years. God bless Ghana!. How can you invest this money with very high interest and mak ... read full comment
You mean people in Ghana are happy because they went to borrow 2 billion dollars for which they are going to pay 3 billion dollars in five years. God bless Ghana!. How can you invest this money with very high interest and make a turn around? I cry for Ghana. It looks like the foolishness has no limits now. Celebrating a debt incurred as an achievement ? I beg to differ
Kelly 9 years ago
The creditors know what they are going to reap from these fools. Who will invest this amount not knowing what they are going to rip off Ghana. Or the money is just being plucked from trees in Europe. Let's wait, the implicati ... read full comment
The creditors know what they are going to reap from these fools. Who will invest this amount not knowing what they are going to rip off Ghana. Or the money is just being plucked from trees in Europe. Let's wait, the implications will soon stare us in the face hard. Ignorant and stupid dudui economists
Stanley 9 years ago
It is like the head of a family who used all the family resources to drink akpteshie today the extent the family cannot pay school fees and buy food. The family head goes to borrow money at high interest rate guaranteeing the ... read full comment
It is like the head of a family who used all the family resources to drink akpteshie today the extent the family cannot pay school fees and buy food. The family head goes to borrow money at high interest rate guaranteeing the only land bestowed to them and the family members are happy singing praises. Does it make sense? When they come to collect the piece of the land, they will wake up. What is there to celebrate
crystal 9 years ago
surely the doom wishers will soon be disappointed as things are speedly improving. In christ the lord our help is found.
surely the doom wishers will soon be disappointed as things are speedly improving. In christ the lord our help is found.
Tony 9 years ago
2016 is a little bit long so nana Akufo bin l'addo should stop thinking that he has won the next election all because of the current economic crisis. We the patriotic citizens know that president mahama will take us to the pr ... read full comment
2016 is a little bit long so nana Akufo bin l'addo should stop thinking that he has won the next election all because of the current economic crisis. We the patriotic citizens know that president mahama will take us to the promise land and Akufo Addo will never ever be president!
Kofi Oppong 9 years ago
FUCKIN IDIOT
FUCKIN IDIOT
DANIEL 9 years ago
Bring some discipline in your spending. Cut down on waste. Invest in capital projects that will create jobs for the people. Give them social interventions to reduce their pain.
Keep it up!
Bring some discipline in your spending. Cut down on waste. Invest in capital projects that will create jobs for the people. Give them social interventions to reduce their pain.
Keep it up!
KWEKU MFANTSE 9 years ago
Daniel, please understand that, social interventions is not found in the dictionary of IMF bailout!!
Daniel, please understand that, social interventions is not found in the dictionary of IMF bailout!!
Son Of Man 9 years ago
THIS IS BUSH TALK.WERE YOU GUYS DOZING WHEN THE CEDI DEPRECIATION STARTED ?
IS THAT GOING TO CAUSE THE PRICES OF GOODS AND SERVICES TO ALSO REDUCE ?
BUSH AND FOREST ECONOMICS TERKPER
THIS IS BUSH TALK.WERE YOU GUYS DOZING WHEN THE CEDI DEPRECIATION STARTED ?
IS THAT GOING TO CAUSE THE PRICES OF GOODS AND SERVICES TO ALSO REDUCE ?
BUSH AND FOREST ECONOMICS TERKPER
ANIMAL FARM 9 years ago
Eiii,If Terkper and BOG were not responsible for the deterioration in the value of the Cedi,why should should they be vindicated for its stability.After all they are paid to manage the economy and to keep the Cedi stable and ... read full comment
Eiii,If Terkper and BOG were not responsible for the deterioration in the value of the Cedi,why should should they be vindicated for its stability.After all they are paid to manage the economy and to keep the Cedi stable and so they haven't done anything extraordinary.
Markkuss 9 years ago
Will that affect the prices of the basic commodities on the market whose prices have shot up drastically as a result of the rise in the exchange rate. Oh mother Ghana!!!,do we have a price control body in the country which re ... read full comment
Will that affect the prices of the basic commodities on the market whose prices have shot up drastically as a result of the rise in the exchange rate. Oh mother Ghana!!!,do we have a price control body in the country which regulate the prices of basic commodities on our market? If no when is government going to institute one to regulate prices of goods on our market just as the Tucked foes with the transport fares. The ordinary ghanaian is suffering too much......long live Ghana
Dynamic Thinter 9 years ago
See
See
MALLAM TULA 9 years ago
MASSA; WHAT THE CEDU RATE AT THE START OF THE YEAR AND WHT WAS THE LAST RATE BEFORE THIS ; TYPICAL NDC PROPAGANDA ; THEY MESS UP THINGS AND THEN WHEN THEY HALT THE ROT THEY CLAIM IT AS VIVTORY AND AN IMPROVEMENT.
MASSA; WHAT THE CEDU RATE AT THE START OF THE YEAR AND WHT WAS THE LAST RATE BEFORE THIS ; TYPICAL NDC PROPAGANDA ; THEY MESS UP THINGS AND THEN WHEN THEY HALT THE ROT THEY CLAIM IT AS VIVTORY AND AN IMPROVEMENT.
OBENFO 9 years ago
Cedi stabilized against major currencies for 1 month and we are already in jubilation. First of all, their job was to stabilze the cedi, so it does not fall the way they did. For a whole year, they did not know what they wer ... read full comment
Cedi stabilized against major currencies for 1 month and we are already in jubilation. First of all, their job was to stabilze the cedi, so it does not fall the way they did. For a whole year, they did not know what they were doing and we were paying them. Finally they have worked for one month and we have started shouting BETTER GHANA.
Abdul rahman ganja 9 years ago
Hahaha what a propaganda?
Hahaha what a propaganda?
OKOROMANSA 9 years ago
AND SO THE CEDI IS ALREADY RESPECTED BY IMF? JUST A LITTLE ADJUSTMENT, AND LISEN TO THE GOVT. PAY ALL THE ARREARS OWED TO WORKERS, AND INREASE THE WAGES OF ALL WORKERS.
AND SO THE CEDI IS ALREADY RESPECTED BY IMF? JUST A LITTLE ADJUSTMENT, AND LISEN TO THE GOVT. PAY ALL THE ARREARS OWED TO WORKERS, AND INREASE THE WAGES OF ALL WORKERS.
me 9 years ago
where are the structural adjustments? a sudden inflow of cash cannot stabilize cedi for a long period of time. and the cash was at what cost? 25% i last heard. this is a circus.
where are the structural adjustments? a sudden inflow of cash cannot stabilize cedi for a long period of time. and the cash was at what cost? 25% i last heard. this is a circus.
Ugly Akufo Addo 9 years ago
You will win in 2016
You will win in 2016
M.D 9 years ago
NDC talking too much, prez mahama stop that foolish talks and do the work.
NDC talking too much, prez mahama stop that foolish talks and do the work.
NANA AKUFO ADDO 9 years ago
TERKPER IS A PROPHET. TERKPER IS A PROPHET. THERE IS A REASON WHY SMART MAHAMA DECIDED TO KEEP SETH TERKPER AS FINANCE MINISTER. THE ECONOMY IS RECOVERING. THE ECONOMY IS TURNING AROUND. THE NAYSAYERS ARE SCARED TO DEATH THA ... read full comment
TERKPER IS A PROPHET. TERKPER IS A PROPHET. THERE IS A REASON WHY SMART MAHAMA DECIDED TO KEEP SETH TERKPER AS FINANCE MINISTER. THE ECONOMY IS RECOVERING. THE ECONOMY IS TURNING AROUND. THE NAYSAYERS ARE SCARED TO DEATH THAT MAHAMA IS GUARANTEED A SECOND TERM. LONG LIVE MAHAMA. LONG LIVE TERKPER. LONG LIVE GHANA.
Straighttalk 9 years ago
Who are you guys deceiving? Mahama is a waste. Period
Who are you guys deceiving? Mahama is a waste. Period
I am at a loss. The factors quoted by Govt Communicators to have accounted for the depreciation of the cedi are still there .For instance they said Ghanaians import too much. They said the Kufuor redenomination of the cedi wa ...
read full comment
NPP has not seen anything yet! Ghana will be heaven! Nana will get a heart attack. His diabolical tactics will only kill Alan Cash and not Mahama. Mahama will turn Ghana into the envy of est Africa- good currency, food basket ...
read full comment
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!! WHERE DID GHANAIANS GO WRONG TO SUFFER LIKE THIS? YOU MAHAMA BUILDING YOUR HOTELS ABROAD, AFRIYIE ANKRA BUYING MANSIONS AT EAST LEGON, OKUDJETO ACQUIRING FILLING STATIONS ALL OVER, TOGBUI AF ...
read full comment
This is just the calm before the storm!!!!! After the IMF bailout is rolled out with senseless cutting of social intervention programs and support, we'll see.
So have consumer prices gone down? I guess not, what they may not have realized is that the harbors are empty, businesses are holding off on imports, so the demand for foreign exchange has gone down until businesses start imp ...
read full comment
When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, h ...
read full comment
NPP MORGANS
Argentina would come to Ghana sometime in the future. This latest bond is issued at what coupon and were bought by what group of people? There are always hedge fund 'VULTURES' who eat carcasses of rotten bonds risking funds j ...
read full comment
IDIOT
NDC too talk. Bawumia identified the problem and suggested solutions but they were all rejected but now we see there is no other way but to borrow a thought from him. Now we all know Ghana is in crises which finally too us to ...
read full comment
NPP will continue to teach them. They stole SADA and messed up. They are stealing Free SHS education. Bawumia showed them the way to go to save Ghana. Posterity will condemn NDC. Posterity will hail NPP. Posterity will ask ho ...
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NO AMOUNT OF PROPAGANDA CAN CAUSE NDC'S DEFEAT. WHERE WAS BAWUMIA WHEN THE CEDI DEPRECIATED TO THE EXTENT THAT WE HAVE TO REDENOMINATE OUR CEDIS? WHERE WERE HIS EXPERTISE WHERE GHANA TELECOM HAVE TO BE SOLD TO PAY SALARIES AN ...
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COME AGAIN
Dr. Bawumia is still around. You need him for further scrutinzing of the economy? Be grateful for people like him who make governments to sit up and take decisive actions to revive economics. Step two: wait for him if you cho ...
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FUCKIN IDIOT if the NDC are so great why did their own supporters whom they took to the world cup want to seek asylum in Brazil because that imbecile mahama and his fools have messed up the country.
The price of dollars and other foreign currency went up because there was a shortage. After the sale of the euro bond we now have a billion dollars so the supply of dollars have gone up pushing the price down. After the ndc ...
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TEKPER PREDICTED AND ITS NO MAGIC THE SCENARIO CASES ARE
1.COCOA MAIN SEASON STARTS IN OCTOBER EVERY YEAR AND THE SYNDICATION OF BANKS SINGS LOANS FOR PURCHASES OF COCOA IN THE REGION OF SEVERAL MILLIONS OF DOLLARS EVERY YEA ...
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ARE GHANAIANS GOING TO VOTE FOR THESE PEOPLE FOR WORKING FOR JUST 2 YEARS AND LOOTING FOR SIX YEARS?
NPP is a sad Ghana story. Haba! You are wishing your own country bad and God is blessing it under President Mahama and you are sad and crying? What kind of people are theses!
how long is cedi going to stabilize? let's hope for the best.
Yaw, you are right that the cedi appreciation could be cut short if the dumsor (energy crisis)continues for long. I believe Economists are giving too much credit to the IMF intervention because the bail out is yet to start.
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I don't want to be in the skin of Dr. PINK SHEET. He wanted to be like Obama. Shame unto u. Ur evil thinking doesn't come through
this govt wants to take credit for good results but gives excuses for failures. the stability came as a result of reversal of bad policies by BOG on controlling private foreign accounts. the drop has been the result of specul ...
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This news certainly does not excite the Matemehu Bomb throwers and Kufour's looting brigade at all. All they want to see and hear is destruction and bad news - sice independence. But GOD IS GREAT, ALLAHU AKBAR
the minor gain can go the other way any day now stop beliving terkper and mahama lies ,our cedi have no value due to terkper voodoo economics
of high vat and high taxes the man deserve zero credit lets stop the denial
U just dnt know wat u are writing better shut up Anlo man like u
We do apreciate the fact that the Cedi has stablized,but the fact also is,we went to the International Market to sell Euro Bonds for Billion Dollars.This is more or less a credite which we have to pay with huge interest.The q ...
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THE WORD IS DIVIDEND AND NOT "DIVIDENCE" ( CHECK YOUR ASHANTI ENGLISH GRAMMAR ) PLEASE!!!
Nee if the only problem you have in this World is my "Ashanti" English,then you don`t have a problem at all.
Thanks anyway for your correction.
Bear in mind i am not an Englishman and i am proud to be a Ghanaian.
WE MUST NOT FORGET THAT HIS VOODO ECONOMIC POLICY GOT US TO THE MESS WE NOW HAVE IN GHANA THIS IS THE MAN THAT RAISE VAT AND TAXES ON US WE MUST REMMBER THIS
ndc lies
Borrowing heavily to pay you bills does no make you rich, not does it make you debt-free. It's not even a strategy. Just wait until John Mahama decides how much to give to Ibrahim Mahama and you see what happens to the cedi.
Stop the nonsense, how's he vindicated? It only happened because of the IMF loan, Terper did nothing to stabilize it.
THANK GOD THE CEDI IS GAINING GROUNDS NOW.
ONE KUMASI BURGER COME TO THE PORT WITH ALL HIS MONEY CHANGED TO DOLLARS EARLIER ON AND AFTER THE HOLIDAYS THE DOLLAR HAD DROP DRASTICALLY HE THEN STATED INSULTING THE PRESIDENT FOR THE DROP OF THE DOLLAR.HAHAHA
You surely do not have examples of Ewe businessman who lost similar, do you? You sound funny, PQ!
Where is Pro. Dr. Pink Sheets? What has he to tell us now?
Hello,
The dollar has been stabilized for now at 3.5 cedis. It was 2.2 cedis in January. Solution is when it comes back to 2.2 cedis. They have just halted the rise not resolved the problem. It will rise again this Christm ...
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This cause nothing to celebrate at all. There is no NDC or NPP when your economy is unproductive, dollar scrpped and you have to go and borrow high interest foreign currency to cushion your unprodctive economy. To the interna ...
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Which kind vindication?it is not through any effort of his
What is there to write home about when £1 can now get you 5.2 cedis. The government minimum wage is 6 cedis
You mean people in Ghana are happy because they went to borrow 2 billion dollars for which they are going to pay 3 billion dollars in five years. God bless Ghana!. How can you invest this money with very high interest and mak ...
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The creditors know what they are going to reap from these fools. Who will invest this amount not knowing what they are going to rip off Ghana. Or the money is just being plucked from trees in Europe. Let's wait, the implicati ...
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It is like the head of a family who used all the family resources to drink akpteshie today the extent the family cannot pay school fees and buy food. The family head goes to borrow money at high interest rate guaranteeing the ...
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surely the doom wishers will soon be disappointed as things are speedly improving. In christ the lord our help is found.
2016 is a little bit long so nana Akufo bin l'addo should stop thinking that he has won the next election all because of the current economic crisis. We the patriotic citizens know that president mahama will take us to the pr ...
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FUCKIN IDIOT
Bring some discipline in your spending. Cut down on waste. Invest in capital projects that will create jobs for the people. Give them social interventions to reduce their pain.
Keep it up!
Daniel, please understand that, social interventions is not found in the dictionary of IMF bailout!!
THIS IS BUSH TALK.WERE YOU GUYS DOZING WHEN THE CEDI DEPRECIATION STARTED ?
IS THAT GOING TO CAUSE THE PRICES OF GOODS AND SERVICES TO ALSO REDUCE ?
BUSH AND FOREST ECONOMICS TERKPER
Eiii,If Terkper and BOG were not responsible for the deterioration in the value of the Cedi,why should should they be vindicated for its stability.After all they are paid to manage the economy and to keep the Cedi stable and ...
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Will that affect the prices of the basic commodities on the market whose prices have shot up drastically as a result of the rise in the exchange rate. Oh mother Ghana!!!,do we have a price control body in the country which re ...
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See
MASSA; WHAT THE CEDU RATE AT THE START OF THE YEAR AND WHT WAS THE LAST RATE BEFORE THIS ; TYPICAL NDC PROPAGANDA ; THEY MESS UP THINGS AND THEN WHEN THEY HALT THE ROT THEY CLAIM IT AS VIVTORY AND AN IMPROVEMENT.
Cedi stabilized against major currencies for 1 month and we are already in jubilation. First of all, their job was to stabilze the cedi, so it does not fall the way they did. For a whole year, they did not know what they wer ...
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Hahaha what a propaganda?
AND SO THE CEDI IS ALREADY RESPECTED BY IMF? JUST A LITTLE ADJUSTMENT, AND LISEN TO THE GOVT. PAY ALL THE ARREARS OWED TO WORKERS, AND INREASE THE WAGES OF ALL WORKERS.
where are the structural adjustments? a sudden inflow of cash cannot stabilize cedi for a long period of time. and the cash was at what cost? 25% i last heard. this is a circus.
You will win in 2016
NDC talking too much, prez mahama stop that foolish talks and do the work.
TERKPER IS A PROPHET. TERKPER IS A PROPHET. THERE IS A REASON WHY SMART MAHAMA DECIDED TO KEEP SETH TERKPER AS FINANCE MINISTER. THE ECONOMY IS RECOVERING. THE ECONOMY IS TURNING AROUND. THE NAYSAYERS ARE SCARED TO DEATH THA ...
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Who are you guys deceiving? Mahama is a waste. Period