The (Bank of Ghana) BOG must ensure that foreign currencies are supplied to only Ghanaian importers of foreign goods. These must not fall into the hands of foreigners operating in Ghana who earn cedis but who would want to tr ... read full comment
The (Bank of Ghana) BOG must ensure that foreign currencies are supplied to only Ghanaian importers of foreign goods. These must not fall into the hands of foreigners operating in Ghana who earn cedis but who would want to transfer funds to their shareholders in dollars.
Ghana has a market economy. Ghana is not an OECD country. Prices of goods and services in Ghana must be determined by demand and supply.
There is supply of certain currencies but absolutely no demand for those currencies. What should be the value of these currencies? These currencies include Canadian dollar, Australian dollar, Swiss Franc, Danish krone, Swedish krona, Norwegian Krone. Swift transfers to Ghana in these currencies must be rejected. All EU countries must transfer or bring to Ghana only Euros.
The global oversupply of United States dollars is disturbing.
On the contrary there is demand for chinese Yuan but there is no supply in Ghana.
We must not forget that the role of currency is to facilitate the exchange of goods and services. That is commodity-Money-Commodity (C-M-C)
Hamza 11 years ago
Massa you want to do your best for the country but all the economic indicators are showing negative,so am sorry tell the politicians to take their filthy hands from the management of the economy
Massa you want to do your best for the country but all the economic indicators are showing negative,so am sorry tell the politicians to take their filthy hands from the management of the economy
The (Bank of Ghana) BOG must ensure that foreign currencies are supplied to only Ghanaian importers of foreign goods. These must not fall into the hands of foreigners operating in Ghana who earn cedis but who would want to tr ...
read full comment
Massa you want to do your best for the country but all the economic indicators are showing negative,so am sorry tell the politicians to take their filthy hands from the management of the economy
More useless NDC projects...