Cedi expected to weaken further in short-term amid forex imbalances

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Farmer 1 year ago

Short-term imbalances will become mid-term and then long-term. Nothing on the horizon to make a difference on forex in flows. Cocoa sales down, foreign direct investment at a record low, oil revenues declining. Ghanaian busin ...
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Short-term imbalances will become mid-term and then long-term. Nothing on the horizon to make a difference on forex in flows. Cocoa sales down, foreign direct investment at a record low, oil revenues declining. Ghanaian business funds scrambling to leave the country, a huge run on the USD like in the fall is becoming more and more likely.

Only foreign remittances are remaining strong. That's not enough for a balanced forex situation.

Gray and black markets will more and more take over, unstoppable.

With the start of a new government early next year we will see the complete mess much more clearly.
Asante 1 year ago

The dollar rate would have been 25 cedis to 1 dollar under NDC. Thanks to Bawumiah and Nana Addo for the tremendous work so far. This time around we are sweeping all the votes from Ashanti and Eastern regions. We are breaking ...
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The dollar rate would have been 25 cedis to 1 dollar under NDC. Thanks to Bawumiah and Nana Addo for the tremendous work so far. This time around we are sweeping all the votes from Ashanti and Eastern regions. We are breaking the 8
Lol 1 year ago

Yh Ghana is Eastern and Ashanti. Soon you'll realize that it takes the brain, critical thinking skills to develop and not mete natural resources.

Yh Ghana is Eastern and Ashanti. Soon you'll realize that it takes the brain, critical thinking skills to develop and not mete natural resources.
Kofi Mensah 1 year ago

Listen to a foolish idiot.

NPP is in power and must handle the situation.
Why try to push your failure on NDC?

Listen to a foolish idiot.

NPP is in power and must handle the situation.
Why try to push your failure on NDC?
Farmer 1 year ago

The economy is broken for decades to come. Main reason is corruption and looting by those in power.

It is ridiculous to make this a thing between political parties. Do you really think the 2-3 million Ghanaians who will ha ...
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The economy is broken for decades to come. Main reason is corruption and looting by those in power.

It is ridiculous to make this a thing between political parties. Do you really think the 2-3 million Ghanaians who will have reached lowest levels of poverty by next year give a shit about exchange rates or your unfounded opinions who is at fault? They will be hungry. All they need is food.
1FISHERMAN 1 year ago

Asante, under JDM and NDC , did you hear of any pensioners haircut?, fish.

Asante, under JDM and NDC , did you hear of any pensioners haircut?, fish.
Bob 1 year ago

May God punish you for saying this nonsense..

Ghana is in this mess because of Foolish idiots like u...
Think like a human being and stop fooling...(political animal)
Gyimii Gyimii

May God punish you for saying this nonsense..

Ghana is in this mess because of Foolish idiots like u...
Think like a human being and stop fooling...(political animal)
Gyimii Gyimii
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Zigi 1 year ago

What has become of BAWUMIA 's famous gold4oil policy

What has become of BAWUMIA 's famous gold4oil policy
Lol 1 year ago

Yes, we know it's forex imbalances just like the mathematical errors of the EC.

Yes, we know it's forex imbalances just like the mathematical errors of the EC.
Elephant Farmer 1 year ago

There will be always suppy of imbalances, cause of the high demand we request for. A rich nation facing this on daily basis, if businesses go on. Renewal of this card and that card, pay ahead of expiry date and you save money ...
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There will be always suppy of imbalances, cause of the high demand we request for. A rich nation facing this on daily basis, if businesses go on. Renewal of this card and that card, pay ahead of expiry date and you save money, if you call Cedis so. Bawumia told us a lot 2014 ongoing. Now we know. Gh hard.
Things Fall Apart 1 year ago

The politicians are busily buying the dollars and hoarding them. The cedi will be 20 to 1 dollar very soon

The politicians are busily buying the dollars and hoarding them. The cedi will be 20 to 1 dollar very soon

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Cedi expected to weaken further in short-term amid forex imbalances

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