Cedi gains, fuel drops won't decrease prices – Economist opines

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Nana Addo 7 months ago

You people should stop playing games with masses when the dollar is high you increase petroleum now the dollar is down drop the price of petroleum . Now we will heat the street

You people should stop playing games with masses when the dollar is high you increase petroleum now the dollar is down drop the price of petroleum . Now we will heat the street
FOCUS 7 months ago

We need price control. Ghanaians are naturally selfish. Simplicita

We need price control. Ghanaians are naturally selfish. Simplicita
Cedi is not gaining anything. Due to Trump's tariffs 7 months ago

The tariffs by the US has reduced imports from the US making the dollar weaker.

The tariffs by the US has reduced imports from the US making the dollar weaker.
Justice 7 months ago

That is true. A lot of Ghanaians are too greedy.

That is true. A lot of Ghanaians are too greedy.
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J S Addo 7 months ago

It's the dollar which has fallen due to tarrifs conflict with China. It's temporary.

It's the dollar which has fallen due to tarrifs conflict with China. It's temporary.
Stop fooling 7 months ago

Mode3 gyimi saaa!!

Mode3 gyimi saaa!!
Aya 7 months ago

I hope so too, already put a stop to my project in Ghana. Play a bit of wait and see for now. It is not just dollar is weak, cedi to other currencies also appreciated (e.g., against RMB)...so some is not right. There doesn't ...
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I hope so too, already put a stop to my project in Ghana. Play a bit of wait and see for now. It is not just dollar is weak, cedi to other currencies also appreciated (e.g., against RMB)...so some is not right. There doesn't seem to be a reason for this to happen, at this scale
Waht kind of economist 7 months ago

We always is a hurry. Changes can o ly take effect when there is a consistent stability of the cedi against other currencies. Even fuel was expecting to drop automatically because stations are still holding old stocks. Not u ...
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We always is a hurry. Changes can o ly take effect when there is a consistent stability of the cedi against other currencies. Even fuel was expecting to drop automatically because stations are still holding old stocks. Not untill new stocks starts flowing in that fuel prices are expected to drop bit luckily they have already dropped. Goods and services would take some time. Our economist always comparing us to Adams Smith,s theory expecting an European style of economy where an automatic corresponding of price reductions must follow when currency gains. No our eco omy does not follow that logic and our economist don't want to learn this different dynamics. We have stiff necks economies that just expects prices of goods to change I.mediately when fuel price might drop temporarily. There must be a persistence. In Europe loses are taken care of by insurance so they can afford to lose by dropping prices as the dynamics play. Food prices would drop just wait as the cedi progresses really but not fake
Chief 7 months ago

Gye wo fanta

Gye wo fanta
kusie 7 months ago

when petrol increases drivers rush to increase prices,i was buying kelewele in 2023 and the seller told me the price has increased because the price of petrol increased a day before,drivers etc should reduce their prices as t ...
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when petrol increases drivers rush to increase prices,i was buying kelewele in 2023 and the seller told me the price has increased because the price of petrol increased a day before,drivers etc should reduce their prices as they increase it before we descend on them
Asabee 7 months ago

Economist but please the reverse of cedis losing against foreign currencies trigger immediately prices increase of products and services.
Imported items are mainly foreign currency controlled.
Goods are coming in daily at ...
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Economist but please the reverse of cedis losing against foreign currencies trigger immediately prices increase of products and services.
Imported items are mainly foreign currency controlled.
Goods are coming in daily at the reduced foreign currencies rate.
Asabee 7 months ago

Economist but please the reverse of cedis losing against foreign currencies trigger immediately prices increase of products and services.
Imported items are mainly foreign currency controlled.
Goods are coming in daily at ...
read full comment

Economist but please the reverse of cedis losing against foreign currencies trigger immediately prices increase of products and services.
Imported items are mainly foreign currency controlled.
Goods are coming in daily at the reduced foreign currencies rate.
Infact if you consider the cedis gains against dollar and the significant drop in crude oil and finished fuels, the same cannot be said about the drop at the pumps in Ghana.
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Less items 7 months ago

The dollar you change today will buy you less items than a few weeks ago. So if you need the same items you will need to change more dollars.

The dollar you change today will buy you less items than a few weeks ago. So if you need the same items you will need to change more dollars.
Proxy 7 months ago

What you are saying is true. Why is it that if fuel increases, goods and services, transportation
shoot up but if fuel drop, they don't reduce goods and services and transportation

What you are saying is true. Why is it that if fuel increases, goods and services, transportation
shoot up but if fuel drop, they don't reduce goods and services and transportation
Hannan 7 months ago

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Chris 7 months ago

Surely there will be some benefits

Surely there will be some benefits
Nkatiah Afriyie 7 months ago

Trump Tarrifs had redused businesses making the dollar weak. NDC has pour in their coke business dollars in to boost the economy. Thieves

Trump Tarrifs had redused businesses making the dollar weak. NDC has pour in their coke business dollars in to boost the economy. Thieves
Isaac 7 months ago

@Nkatiah don't be hypocritical. The cedi is strengthening not only against the dollar but other currencies too. Do research before you come here to comment. You want the country to collapse so that you get the opportunity to ...
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@Nkatiah don't be hypocritical. The cedi is strengthening not only against the dollar but other currencies too. Do research before you come here to comment. You want the country to collapse so that you get the opportunity to blame the government. Ofui
CEDI CAN GAIN AGT USD IF GOVT BORROW LESS 7 months ago

The CEDI will gain against dollars if.government borrowing goes down dramatically from the banks.Because government can't raise enough revenue from taxes and exports such.cocoa,coffee,gold,oil etc.the government is always und ...
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The CEDI will gain against dollars if.government borrowing goes down dramatically from the banks.Because government can't raise enough revenue from taxes and exports such.cocoa,coffee,gold,oil etc.the government is always under pressure to borrow from Banks at higher rate that is between 25% to 28% in form of treasury bills,bonds which very.attractive to investors because its secured and risk free .Therefore in so far it's risk free,the demand for treasury bills is inelastic which the government should realised.to bank of ghana to lower borrowing rate to 5--10% rate because there is business in Ghana today that give business men back rate of 25--28% in one year this is because there are.many risk factors in doing business in Ghana. There are problems of debts service,theft,insurance, marketing, electricity problems, etc that may affect production, distribution and sales. Therefore if treasury bills and binds rates is between 5-10% because its secured and risk free investors may purchase them at even lower rate still.
Bitter truth 7 months ago

Ghanaians are naturally stubborn..this is where the govt needs to step in..Mahama please set up price control task force..because if the cedi is appreciating against the dollar, and fuel prices are reduced at the pumps, then ...
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Ghanaians are naturally stubborn..this is where the govt needs to step in..Mahama please set up price control task force..because if the cedi is appreciating against the dollar, and fuel prices are reduced at the pumps, then prices of goods and services needs to come down..prez Mahama u are doing a good job, but without a price control in the system, some stubborn Ghanaians will still make your govt look bad..it’s time for Ghanaians to get some relief

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Cedi gains, fuel drops won't decrease prices – Economist opines

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