Ghanaian banks reportedly set to close foreign currency savings accounts by end of July

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Atta Obeng site 19 Tema 1 year ago

Where are the economic management team led by Bawumia, oh Ghana we are doomed

Where are the economic management team led by Bawumia, oh Ghana we are doomed
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Mr bones 1 year ago

Mr vice President aka Ogar 1gh card you are a liar ! Gyimi gyimi man ,I voted for your NPP due to your lies .

Mr vice President aka Ogar 1gh card you are a liar ! Gyimi gyimi man ,I voted for your NPP due to your lies .
Akwasi 1 year ago

I think this a good move. We need to fine every means to stabilize our local currency

I think this a good move. We need to fine every means to stabilize our local currency
Farmer 1 year ago

These accounts don't have a destabilizing effect if the bank manages them according to the rules set by BoG. They can only be used to keep incoming foreign currency funds for the period until the owner is ready to use them, a ...
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These accounts don't have a destabilizing effect if the bank manages them according to the rules set by BoG. They can only be used to keep incoming foreign currency funds for the period until the owner is ready to use them, at which point he can only withdraw in GHS, not the foreign currency.
Ghanaman 1 year ago

Very good because the bank managers and the customers are destroying the economy

Very good because the bank managers and the customers are destroying the economy
Mr Ibu 1 year ago

People will transfer these money into their personal saves in their bedrooms as Cecelia Dapaah did. It will even worsen the situation

People will transfer these money into their personal saves in their bedrooms as Cecelia Dapaah did. It will even worsen the situation
Gauls 1 year ago

We r finished. This gov is confused and deceitful. Nana Ado 3rd class student

We r finished. This gov is confused and deceitful. Nana Ado 3rd class student
ST GHFUO: GH LEADERS ARE NOT ENLIGHTENED 1 year ago

this is wrong economically and must be stopped asap

this is wrong economically and must be stopped asap
Truth Hurts 1 year ago

We will keep our forex in a safe box guarded by a gun with extended clips

We will keep our forex in a safe box guarded by a gun with extended clips
Chief 1 year ago

The opression continues...

The opression continues...
Kotibrim 1 year ago

Oh these Africans!!! The cedi now costs more to print than its worth!!! The cedi is broken and until you take steps to fix that problem we'll continue the downward spiral. These antic won't cut the cake!!! You collapsed all t ...
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Oh these Africans!!! The cedi now costs more to print than its worth!!! The cedi is broken and until you take steps to fix that problem we'll continue the downward spiral. These antic won't cut the cake!!! You collapsed all the banks and still!!! Dooom is your portion!!! ' What fools they're' per nkrumah words!!!
Max 1 year ago

You don't close the account but set a limit say $50,000.00 so that those who need for their travels and medicare will have what to fall on when the need arises. They should rather check the companies which transfer a lot of f ...
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You don't close the account but set a limit say $50,000.00 so that those who need for their travels and medicare will have what to fall on when the need arises. They should rather check the companies which transfer a lot of foreign exchange as dividends for their shareholders. No company operating in Ghana should transfer more than 10% of net earnings in foreign currency outside of the country.
box 1 year ago

How should they pay dividends to their foreign investors? I don't think the foreign investors who don't live in Ghana will accept Ghana cedis as a medium of payment. debt servicing also takes away a lot of foreign currency f ...
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How should they pay dividends to their foreign investors? I don't think the foreign investors who don't live in Ghana will accept Ghana cedis as a medium of payment. debt servicing also takes away a lot of foreign currency from the economy.
Richard 1 year ago

This is not the way to go. This directive will not solve any challenge whatsoever. They brought maximum withdrawal limit and yet nothing happened.
They brought no opening of forex account and yet the depreciation has tripled ...
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This is not the way to go. This directive will not solve any challenge whatsoever. They brought maximum withdrawal limit and yet nothing happened.
They brought no opening of forex account and yet the depreciation has tripled. The guys at the top don’t know how to handle the mess they have caused.
They are going about in circles. Consult some of us to help salvage this situation.
King 1 year ago

When empty Heads poses as knowledgeable, this is what we get. After stealing all the money and keeping them in dollars under your beds, you're wasting our time with this NONSENSE.
Where did we go wrong as Ghanaians? People k ...
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When empty Heads poses as knowledgeable, this is what we get. After stealing all the money and keeping them in dollars under your beds, you're wasting our time with this NONSENSE.
Where did we go wrong as Ghanaians? People kept their dollar accounts but we still had the cedi GH 3 to the dollar. EMPTY HEADS.
Ras Michael 1 year ago

Such a suggestion is a shame to the so called management team of the country, people are renting out their properties in foreign money and you cannot open your mouth, foreigners are duping the the country interms of their ope ...
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Such a suggestion is a shame to the so called management team of the country, people are renting out their properties in foreign money and you cannot open your mouth, foreigners are duping the the country interms of their operations in the country. You can not come out with suggestions that will stop these operations and you have started beating about the bush. Wake up our so called management team. Thanks
Kofi 1 year ago

Foreign currency accounts are usually current accounts. I wonder who is trying to pollute the public with this bogus news. Banks don't trade in foreign currency deposits.

Foreign currency accounts are usually current accounts. I wonder who is trying to pollute the public with this bogus news. Banks don't trade in foreign currency deposits.
Bitter truth#1 1 year ago

If this will stabilize the cedi, then so be it..As a Govt, u need to find every means possible to stabilize your economy and your currency..It will affect me in some way because I have one tough but if that will help the cedi ...
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If this will stabilize the cedi, then so be it..As a Govt, u need to find every means possible to stabilize your economy and your currency..It will affect me in some way because I have one tough but if that will help the cedi to stabilize, then let it work..As a country, if u don’t have a stabilize economy and currency, there is no way u can progress..if this will work for the cedi to be stabilized so Ghanaians can enjoy a stabilize economy, then I support it 100%..I have dollar accounts but I don’t mind because the masses need to be free..Ghanaians come first before foreigners..that’s how the country will progress..if u put foreigners ahead of your indigenous Ghanaians, the citizens will always be suffering..I hope this work for the betterment of our people..Zoogerians will soon implement same policy because their masters have started it..
Gozzo 1 year ago

THESE HEADLESS GROUP OF PEOPLE HAVE NEVER SOLVED ANY SINGLE FORKIN PROBLEM IN THAT NATION, BUT ALWAYS CREATING PROBLEMS, HARDSHIP ON THE MASSES. EVERY BLESSED DAY CORRUPTIONS SCANDAL... VERY SHAMEFUL USELESS LEADERSHIP

THESE HEADLESS GROUP OF PEOPLE HAVE NEVER SOLVED ANY SINGLE FORKIN PROBLEM IN THAT NATION, BUT ALWAYS CREATING PROBLEMS, HARDSHIP ON THE MASSES. EVERY BLESSED DAY CORRUPTIONS SCANDAL... VERY SHAMEFUL USELESS LEADERSHIP
Jones 1 year ago

It's good policy though it cannot stand the test of time in this country.

It's good policy though it cannot stand the test of time in this country.
Jones 1 year ago

Printing of 100 and 200 notes is a major cause of depreciating effect of the Ghana Cedis. You printed these high denominations then calling for cashless economy.
Power makes us ignore the fundamental solutions to major chal ...
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Printing of 100 and 200 notes is a major cause of depreciating effect of the Ghana Cedis. You printed these high denominations then calling for cashless economy.
Power makes us ignore the fundamental solutions to major challenges.

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Ghanaian banks reportedly set to close foreign currency savings accounts by end of July

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