Keeping tonnes of gold while inflation hits 54% is illogical – Financial analyst

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King 1 month ago

It is illogical to have inflation down from 54% to 6% and still prices of goods and government services are going up exponentially. It's only in Africa that inflation doesn't affect prices of goods and services!. SAD

It is illogical to have inflation down from 54% to 6% and still prices of goods and government services are going up exponentially. It's only in Africa that inflation doesn't affect prices of goods and services!. SAD
Kwame 1 month ago

Go back to school to understand what is rate of inflation.
There is huge difference between inflation and increasing price.
Find out what is need for the rate of inflation to be zero.
Go to ChatGTP

Go back to school to understand what is rate of inflation.
There is huge difference between inflation and increasing price.
Find out what is need for the rate of inflation to be zero.
Go to ChatGTP
Ablekuma Van Damme 1 month ago

KWAME STOP WRITING NONSENSE!!!! SOME OF YOU IDIOTS ARE THE REASON WHY GHANA IS SUFFERING!!!

NOW SIMPLE EXPLANATION AND YOU WANT TO DO BOOK LONG WITH CHATGPT. ONYAAYEE GBEMI ONOU!!!

DONT WE SEE COUNTRIES WITH LOW INFLAT ...
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KWAME STOP WRITING NONSENSE!!!! SOME OF YOU IDIOTS ARE THE REASON WHY GHANA IS SUFFERING!!!

NOW SIMPLE EXPLANATION AND YOU WANT TO DO BOOK LONG WITH CHATGPT. ONYAAYEE GBEMI ONOU!!!

DONT WE SEE COUNTRIES WITH LOW INFLATION AND LOW PRICES??? IT IS ONLY IN GHANA INFLATION IS COMING DOWN BUT PRICES ARE SKYROCKETING AND YOU COME HERE TO WRITE NONSENSE ABOUT RATES.

WE WILL START BEATING SOME OF YOU POLITICAL IDIOTS IN THIS COUNTRY!!
Kramai 1 month ago

6% inflation means prices rose by 6% that year,so prices are still increasing but at a far lower pace,dont blame the government at all,dollar rate is lower and so is fuel,even if light bill increases should prices remain the ...
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6% inflation means prices rose by 6% that year,so prices are still increasing but at a far lower pace,dont blame the government at all,dollar rate is lower and so is fuel,even if light bill increases should prices remain the same as when dollar was 16,these same people will increase prices again when dollar and fuel prices increases by even 1 cedi
Mahama 24 Hour Economy is Real & West Togoland independence 1 month ago

This guy is extremely foolish.
We have pumped over 200 billion dollars into the economy to keep the Cedi up and yet depreciating so fast.
Wait utility the Cedi starts to melt and you will see why you need to keep your reser ...
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This guy is extremely foolish.
We have pumped over 200 billion dollars into the economy to keep the Cedi up and yet depreciating so fast.
Wait utility the Cedi starts to melt and you will see why you need to keep your reserves high
DEEVINITY 1 month ago

@King. What you illustrate is as a result of a demonic 5th column in our society who have created an artificial, parallel " depressed economy" to create that very impression.

As we speak, there's absolutely no justificatio ...
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@King. What you illustrate is as a result of a demonic 5th column in our society who have created an artificial, parallel " depressed economy" to create that very impression.

As we speak, there's absolutely no justification for any PRICE HIKES in any sector of our economy because all the major economic indicators just cannot and do not support such a position.

Some deviants just cannot conceive nor accept that our economy CAN be stabilized and positively restored even further because that would bring an end to their nearly 6 decades of parasitic oppression of Ghanaians and the beginning of a new era of real prosperity for the ordinary fellow.

Their days are numbered because the truth has already made its impression and nemesis is calling. How I miss Rawlings!!
Ben paul 1 month ago

Npp should allow Ndc to work.For Npp don't know anything only talk,talk they sabi. Your so called economic guru failed us.So npp please shut up

Npp should allow Ndc to work.For Npp don't know anything only talk,talk they sabi. Your so called economic guru failed us.So npp please shut up
Kk. - Ben Paul. 1 month ago

Did NDC allow NPP to work? When Ablakwa and Sammy Gyamfi we on TV 24/7s spewing insults and lies what did you say? Remember NPP people are still Ghanaians so shut the F*** up and let people express themselves. How can you hav ...
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Did NDC allow NPP to work? When Ablakwa and Sammy Gyamfi we on TV 24/7s spewing insults and lies what did you say? Remember NPP people are still Ghanaians so shut the F*** up and let people express themselves. How can you have inflation at 6% when prices are still going up. Even prices of government services are rising. Check you electricity costs and see for yourself.
Baafour 1 month ago

So Mr analyst, upon all your so-called financial background, you talk like this, when inflation was as u put it 54% but bank of Ghana were able to save much gold only for nd to come they say they with brought inflation to 6% ...
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So Mr analyst, upon all your so-called financial background, you talk like this, when inflation was as u put it 54% but bank of Ghana were able to save much gold only for nd to come they say they with brought inflation to 6% but still not enough but can sell our backbone gold reserves? If the economy is doing well, why do they have to sell the gold. What kind of economic bankruptcy is this.
Kwame 1 month ago

If such people are advising the government then Ghanaians are in big trouble. What a warped analysis. He cannot be a financial analyst.
God save Ghana.
.

If such people are advising the government then Ghanaians are in big trouble. What a warped analysis. He cannot be a financial analyst.
God save Ghana.
.
Kwame Nyanteh 1 month ago

You too,is that your warped thinking, analyses...you continue that path......

You too,is that your warped thinking, analyses...you continue that path......
what has Lumba done akosua? 1 month ago

its being sold already and shsred do you belief create and loote govt ndc?

its being sold already and shsred do you belief create and loote govt ndc?
Lopez 1 month ago

This is the most stupid explanation by a so called policy analyst. Per his explanation, what has this government done differently except to say he knows how to spend our assets without any innovative ideas.

This is the most stupid explanation by a so called policy analyst. Per his explanation, what has this government done differently except to say he knows how to spend our assets without any innovative ideas.
Nostradamus 1 month ago

So, why did the NPP held tones of Gold in reserve why inflation hit record high?

So, why did the NPP held tones of Gold in reserve why inflation hit record high?
Mamodu Wangara 1 month ago

Nostradamus go back to school immediately. It’s because you lot don’t understand anything including simple English that is why NDC is lying to some vulnerable idiots like you. Read your own sentence. “ ..why did NPP hel ...
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Nostradamus go back to school immediately. It’s because you lot don’t understand anything including simple English that is why NDC is lying to some vulnerable idiots like you. Read your own sentence. “ ..why did NPP held tones of Gold in reserve …” My 10 year old granddaughter will not write such severe wrong and backward English. All of you vagabonds think you understand governance and economics. As for the the supposed financial analyst he will come and beg and cry like Bernard Elbernard. Gyimifuo mba. Nkwaseafuo, nkwaseasem ne gyimie.
DEEVINITY 1 month ago

Sie sika na sie dompe!!! Criminal NPP philosophy of hoarding national resources for their demonic private benefit while the people suffer abject penury.

BOG do what is required for a sustainable macro-economic homeostasis. ...
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Sie sika na sie dompe!!! Criminal NPP philosophy of hoarding national resources for their demonic private benefit while the people suffer abject penury.

BOG do what is required for a sustainable macro-economic homeostasis. That is what POLITICAL ECONOMICS is all about. Nobody has money sitting in a vault to be spent on a mansion in the future while their children are dying of hunger.
Agbeli Kumordziì 1 month ago

NPP stupid ideology and criminal mindset made Ghanaians suffers in the past 8 good years

NPP stupid ideology and criminal mindset made Ghanaians suffers in the past 8 good years
AK 1 month ago

So if I understand this gentlemwhan, it means the gold has been sold. If that's the case, why are cocoa farmers not being paid? Where is the money?

So if I understand this gentlemwhan, it means the gold has been sold. If that's the case, why are cocoa farmers not being paid? Where is the money?
Kofi 1 month ago

NPP was only focusing on create loot and share and it caused them bitterly

NPP was only focusing on create loot and share and it caused them bitterly
Akwasi Borga 1 month ago

Gold price will hit 8,000 usd by the end of the year.
Imagine how much profit BoG would have made if they were patience and shored up the reserves instead of selling it off cheap to manipulate the currency

Gold price will hit 8,000 usd by the end of the year.
Imagine how much profit BoG would have made if they were patience and shored up the reserves instead of selling it off cheap to manipulate the currency
Akwasi Borga 1 month ago

patient *

patient *
Kwame panin 1 month ago

Inflation is down but contractors have not been paid.

Inflation is down but contractors have not been paid.
agyeman 1 month ago

ILLOGICAL BOOK PEOPLE. THIS MAN'S ALLUSION DOESN'T SOUND SENSIBLE. POINT IS, SEE THE BILLIONS SUNK JUST TO KEEP THE $ STABLE? WE NEED MAKOLA ECONOMISTS NOT THESE CALIBER FOISTED ON US AT THE BOG AND BEING PAID MORE THAN THEY ...
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ILLOGICAL BOOK PEOPLE. THIS MAN'S ALLUSION DOESN'T SOUND SENSIBLE. POINT IS, SEE THE BILLIONS SUNK JUST TO KEEP THE $ STABLE? WE NEED MAKOLA ECONOMISTS NOT THESE CALIBER FOISTED ON US AT THE BOG AND BEING PAID MORE THAN THEY EARN FOR THE COUNTRY.
GOLDEN 1 month ago

TIME TO ENFORCE STRICT ACCOUNTABILITY AND TRANSPARENCY,PERIOD!!!!!!!!!!
A PIECE OF RUBBISH,THINK OUTSIDE THE BOX,MOST RICH COUNTRIES HAVE GOLD RESERVES FOR FINANCIAL SECURITY,BE EFFICIENT AND FIND BETTER SOLUTIONS,DO NOT TRA ...
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TIME TO ENFORCE STRICT ACCOUNTABILITY AND TRANSPARENCY,PERIOD!!!!!!!!!!
A PIECE OF RUBBISH,THINK OUTSIDE THE BOX,MOST RICH COUNTRIES HAVE GOLD RESERVES FOR FINANCIAL SECURITY,BE EFFICIENT AND FIND BETTER SOLUTIONS,DO NOT TRADE OUR GOD-GIVEN RESOURCES FOR PEANUTS,TOO MUCH EMPTY TALKS!!!!!!
Concern citizen 1 month ago

As usual, the NDC zombies will always defend the mess their useless government is doing without thinking the future of the coming generation. Even their Palm wine tapper chairman Asiedu Nketsia thinks the same. No country wil ...
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As usual, the NDC zombies will always defend the mess their useless government is doing without thinking the future of the coming generation. Even their Palm wine tapper chairman Asiedu Nketsia thinks the same. No country will survive without keeping reserve. Blackman sense is let finish what we have today, God will provide tomorrow. Blackman when
Adipa 1 month ago

That means NDC didn't bring the inflation down if the npp selling all this gold they could have stabilized the economy during their time I told you NDC don't have any economic management they will mess up

That means NDC didn't bring the inflation down if the npp selling all this gold they could have stabilized the economy during their time I told you NDC don't have any economic management they will mess up
Kwame panin 1 month ago

poor analysis.

poor analysis.

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Keeping tonnes of gold while inflation hits 54% is illogical – Financial analyst

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