BoG Pumps $300 million Into Market: What it means for the cedi

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Bous 2 months ago

Africa wake up...BOG should stop issuing forex to importers who bring useless stuffs....

Africa wake up...BOG should stop issuing forex to importers who bring useless stuffs....
.mr amin 2 months ago

They should do more if not the economy will collapse with the depreciation of the cedi

They should do more if not the economy will collapse with the depreciation of the cedi
Lord Peppers 2 months ago

We need stability and not that ur up and down. How do importers plan their businesses???

We need stability and not that ur up and down. How do importers plan their businesses???
Padi 2 months ago

Kenya earns $20 billion annually from tourism and trade. Ghanaians dream of getting rich by manipulating the value of their currency.

Kenya earns $20 billion annually from tourism and trade. Ghanaians dream of getting rich by manipulating the value of their currency.
OK 2 months ago

Are they going to be pumping more dollars into the system anytime the Cedi begins to depreciate? Jokers

Are they going to be pumping more dollars into the system anytime the Cedi begins to depreciate? Jokers
they say they say 2 months ago

Absolutely Yes!!! They should pump in some $$ anytime they see the need. Stability of the economy is everything

Absolutely Yes!!! They should pump in some $$ anytime they see the need. Stability of the economy is everything
Onipaba 2 months ago

And those who have cedis in their vaults will buy it all and keep for the days when the dollar starts to move up.

And those who have cedis in their vaults will buy it all and keep for the days when the dollar starts to move up.
GaBaa 2 months ago

This government needs to control the outflows instead of supporting the cedi. Capital flight is what is happening. The rich are taking advantage to bank $$ outside the country.

This government needs to control the outflows instead of supporting the cedi. Capital flight is what is happening. The rich are taking advantage to bank $$ outside the country.
Alidu 2 months ago

Have you now come to realize that recent the cedis appreciation was as a result of the proceedings from IMF bailout but not a dame great policy implementation. Again, they are coming to pump dollar into the economy, meanwhile ...
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Have you now come to realize that recent the cedis appreciation was as a result of the proceedings from IMF bailout but not a dame great policy implementation. Again, they are coming to pump dollar into the economy, meanwhile this is not sustainable
Ashley 2 months ago

Jokers.... pumping dollars into the economy is not sustainable. Who are they fooling? Come up with better policies. We are still waiting for the 24-Hour economy!!

Jokers.... pumping dollars into the economy is not sustainable. Who are they fooling? Come up with better policies. We are still waiting for the 24-Hour economy!!
Joan 2 months ago

Sika mp3 dedee

Sika mp3 dedee
Nii Akwei 2 months ago

Another bad PHd BoG Governor. Same bull shit like the former.

Another bad PHd BoG Governor. Same bull shit like the former.
Isaac Boamah 2 months ago

Will Atto Forson ,vAsiamah and Mahama continue to deceive themselves and Ghanaians for ever?Are they going to deplete the national reserves to embark on this folly? What did they achieve when they pumped about 5.4 billion out ...
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Will Atto Forson ,vAsiamah and Mahama continue to deceive themselves and Ghanaians for ever?Are they going to deplete the national reserves to embark on this folly? What did they achieve when they pumped about 5.4 billion out of the national reserve to back up the cedi? Economic jokers
Dollarman 2 months ago

The BoG introduction and popping up the currency is it sustainable and for how long can it last.
We might come back to square one soon.

The BoG introduction and popping up the currency is it sustainable and for how long can it last.
We might come back to square one soon.
Martin Kpebu 2 months ago

Great move by the Bank of Ghana. At least they have not printed illegal money like kwasea Bawumia did. Where is the missing 52 billion cedis from the bank? I am sure that money was stolen by Bawumia

Great move by the Bank of Ghana. At least they have not printed illegal money like kwasea Bawumia did. Where is the missing 52 billion cedis from the bank? I am sure that money was stolen by Bawumia
Okyere 2 months ago

It's not funny...you make no sense

It's not funny...you make no sense
Jerri - bronx ny usa 2 months ago

dump the ghana cd that is become worthless every day or be poor ghana government is buying dollars so you need to do the same hello wake up ghana

dump the ghana cd that is become worthless every day or be poor ghana government is buying dollars so you need to do the same hello wake up ghana
Kwame panin 2 months ago

Pay contractors please.

Pay contractors please.
Yeb 2 months ago

Governor, you keep saying dollar is available enough in commercial banks but the bank is telling us the minimum days the can make any transfer is 3weeks no matter the amount. What is happening? I hope you’ve not joined the ...
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Governor, you keep saying dollar is available enough in commercial banks but the bank is telling us the minimum days the can make any transfer is 3weeks no matter the amount. What is happening? I hope you’ve not joined the politicians for propaganda
Citizen Q 2 months ago

It's rather uncomfortable that the leaders of this country sometimes dont tell us the real truth so that we can face the realities and see the way forward but rather pump millions of dollars to rescue cedis ,for what? And for ...
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It's rather uncomfortable that the leaders of this country sometimes dont tell us the real truth so that we can face the realities and see the way forward but rather pump millions of dollars to rescue cedis ,for what? And for how long they can continue rescue cedis instead of rescuing the citizens from poverty?I dont understand because no matter how the y millions of dollars rescue cedis the value of both currencies are the same and it does not reflect on any ordinary Ghanaian 's porcket and it even become worse.my question is:do Americans put any money to rescue dollar against cedis???,Ghanaian workers are not being paid well,nurses are going on strike,no vacancies in this country and yet u pump millions of dollars to rescue cedis????come on,hospitals in this country lack of beds and u yet u guys dont care because u dont go to hospital in this counrty, our good leaders of this country should wake up because we falling back,ask where leaders of Americans go to the hospital?we hve gold so what is backing cedis????
Citizen Q 2 months ago

It's rather unfortunate that the leaders of this country sometimes dont tell us the real truth so that we can face the realities and see the way forward but rather pump millions of dollars to rescue cedis ,for what? And for h ...
read full comment

It's rather unfortunate that the leaders of this country sometimes dont tell us the real truth so that we can face the realities and see the way forward but rather pump millions of dollars to rescue cedis ,for what? And for how long they can continue rescuing cedis instead of rescuing the citizens from poverty?I dont understand because no matter how they pump millions of dollars rescue cedis the value is the same and it does not reflect on any ordinary Ghanaian 's porcket and it even become worse.my question is:do Americans put any money to rescue dollar against cedis???,Ghanaian workers are not being paid well,nurses are going on strike,no vacancies in this country and yet u pump millions of dollars to rescue cedis????come on,hospitals in this country lack of beds and u yet u guys dont care because u dont go to hospital in this counrty, our good leaders of this country should wake up because we falling back,ask where leaders of Americans go to the hospital?we hve gold so what is backing cedis????
M.T 2 months ago

Pumping dollars to commercial banks to stabilize the cedi is not only a lazy alternative, but financial loss to the state on the long run. You pump out $300 m to stabilizing the cedi rather than solving the root cause: Is tha ...
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Pumping dollars to commercial banks to stabilize the cedi is not only a lazy alternative, but financial loss to the state on the long run. You pump out $300 m to stabilizing the cedi rather than solving the root cause: Is that a social intervention or an investment? We want to know. Meanwhile, after all that prices of goods are still going high as usual and only "Abochi" got the dollar. The commercial banks got it cheaper and sell pretty higher, so who benefits from this intervention. Beware of JDM and the NDC. They always have a master plan how to 'put money in their pockets'. From 2012 to 2016, the agenda was 'judgement debt' and energy contracts, signing excess capacity of power which didn't solve our energy crisis but left us indebted. We still talk about dumsor in 2025 despite what they made Ghana to pay of power contracts. This time, they focus on cedi stabilization which wouldn't reduce prices of good, but will break lose exponentially when they don't have more money to pump to commercial banks. This is not the way to strengthen your currency, it's not sustainable. It's like putting the cedi on a life support without any form of treatment. You don't have to be an economist to know the outcome!
Your era 2 months ago

How long can you do this?

How long can you do this?

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BoG Pumps $300 million Into Market: What it means for the cedi

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