Remittances will reduce because people are now thinking of investing more in where they live than to pump more money in exchange for a reduced cedi yet commodity prices are still high
Remittances will reduce because people are now thinking of investing more in where they live than to pump more money in exchange for a reduced cedi yet commodity prices are still high
Konto 12 months ago
You are right. While send money to goods whose prices are still high, relative to the drop in dollars value. People in diaspora have paused their projects till prices in Ghana drop correspondingly, or the dollar appreciate ba ... read full comment
You are right. While send money to goods whose prices are still high, relative to the drop in dollars value. People in diaspora have paused their projects till prices in Ghana drop correspondingly, or the dollar appreciate back yo 14/15. It is surprising they did not anticipate this was going to cause dollar shortage with respect to inward remittances. People can wait 6months to a year. After all there are better and more secured environments to invest where we work, instead of every body trying to steal from diaspora investors, with no reliable law enforcement backing.
Divine 12 months ago
You guys are so funny with this kinds of reasoning. You are more concerned about high dollar value to the Cedi so that diasporeans can enjoy more with their dollars in Ghana while those locally suffer economic hardships from ... read full comment
You guys are so funny with this kinds of reasoning. You are more concerned about high dollar value to the Cedi so that diasporeans can enjoy more with their dollars in Ghana while those locally suffer economic hardships from high dollar to Cedi ratio?
Your anticipation to me era of Gh17 to the dollar will yield nothing because the Gh 10 bracket has come to stay.
Wenyo 12 months ago
Never mind these enemies of the state
Never mind these enemies of the state
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TAKE OR PAY DEMON 12 months ago
BoG is operating a parallel forex market
BoG is operating a parallel forex market
SK 12 months ago
Why should an importer be looking for dollars at the bank to import goods rather than allowing the bank to do a transfer for the import. Bank of Ghana should setup. No dollars should be given to importers if they will not all ... read full comment
Why should an importer be looking for dollars at the bank to import goods rather than allowing the bank to do a transfer for the import. Bank of Ghana should setup. No dollars should be given to importers if they will not allow the banks to do transfers on their behalf. What are they using the dollars for? Are they supposed to carry physical dollars for trade? Governor of BOG, sit up. Also regulate all abochi in the forex business
Perocles 12 months ago
All abochi dollar peddling scam should be banned and only in Ghana you have this scammers. Sit up BOG!
All abochi dollar peddling scam should be banned and only in Ghana you have this scammers. Sit up BOG!
Wenyo 12 months ago
Yes you are right
Yes you are right
Dollar shortage 12 months ago
Mr governor what do you expect? when you are manipulating the dollar rate in Ghana some of us said we will not even bother to send the dollar for you people to be bragging dollar rate has reduced. We are keeping our monies he ... read full comment
Mr governor what do you expect? when you are manipulating the dollar rate in Ghana some of us said we will not even bother to send the dollar for you people to be bragging dollar rate has reduced. We are keeping our monies here in the USA and do our business here
U can't handle the truth 12 months ago
Do we look like we give a ? We can equally buy some here
Do we look like we give a ? We can equally buy some here
Remittances will reduce because people are now thinking of investing more in where they live than to pump more money in exchange for a reduced cedi yet commodity prices are still high
You are right. While send money to goods whose prices are still high, relative to the drop in dollars value. People in diaspora have paused their projects till prices in Ghana drop correspondingly, or the dollar appreciate ba ...
read full comment
You guys are so funny with this kinds of reasoning. You are more concerned about high dollar value to the Cedi so that diasporeans can enjoy more with their dollars in Ghana while those locally suffer economic hardships from ...
read full comment
Never mind these enemies of the state
DON'T end this month TODAY without investing IN YOUR FUTURE. Lack of Capital for business shouldn't stop you because you can make money with limited/no capital through Skills Training! You EARN from what U LEARN, and what you ...
read full comment
BoG is operating a parallel forex market
Why should an importer be looking for dollars at the bank to import goods rather than allowing the bank to do a transfer for the import. Bank of Ghana should setup. No dollars should be given to importers if they will not all ...
read full comment
All abochi dollar peddling scam should be banned and only in Ghana you have this scammers. Sit up BOG!
Yes you are right
Mr governor what do you expect? when you are manipulating the dollar rate in Ghana some of us said we will not even bother to send the dollar for you people to be bragging dollar rate has reduced. We are keeping our monies he ...
read full comment
Do we look like we give a ? We can equally buy some here
See the cracks in the scam are starting to show.