excellent, continue to educate BOG ON this issue till they implement it.
excellent, continue to educate BOG ON this issue till they implement it.
Kwadaso 8 years ago
It sounds very promising until you look further into it.Some of our international partners are strictly against this and the subject is very sensitive to them.If we are going to persue this,then it must be done quietly other ... read full comment
It sounds very promising until you look further into it.Some of our international partners are strictly against this and the subject is very sensitive to them.If we are going to persue this,then it must be done quietly otherwise the repercurssion will be very painful.If we had a reserve of the Chinese Yuan we could use it to facilitate isolated international trades with the Chinese only but we must not make it a public policy to trade in Yuan.
Kwami 8 years ago
the dollar is a stable currency the yuan is strong today gone tommorrow
the dollar is a stable currency the yuan is strong today gone tommorrow
Daladam 8 years ago
trust the dollar the devil we know is better then the devil we don't know
trust the dollar the devil we know is better then the devil we don't know
IIsaac djeii 8 years ago
Why trying new thing is problem for blackman?we can trust the chinese man too,
Why trying new thing is problem for blackman?we can trust the chinese man too,
Farai 8 years ago
Anonymous BOG worker has said it all
Dollar is dollar
No currency can come near it
Cos it's supreme
Anonymous BOG worker has said it all
Dollar is dollar
No currency can come near it
Cos it's supreme
ebbyhill 8 years ago
An idea well taught in the right direction. I wish this could be pushed and implemented.
An idea well taught in the right direction. I wish this could be pushed and implemented.
RALT, Tema 8 years ago
You guys must increase and strengthen the production base as the only way of off-setting the high imports. Tying the local currency to another in itself is no panacea to the weakening local currency. It's only high and qualit ... read full comment
You guys must increase and strengthen the production base as the only way of off-setting the high imports. Tying the local currency to another in itself is no panacea to the weakening local currency. It's only high and quality production backed by strong capital base that will enhance the stability of the local currency. For as long as our economy is finished-product import base, the local currency will continue to slide downwards. If Ghana must import, it must be limited to raw materials not available locally. Elsewhere there are national policies to encourage foreign investors to come home only in areas where those countries are weakest. Weak local production, weak local currency, simple. The Cedi cannot be shoved up by the yuan if all we do is import from China. The Chinese economy has not been tailored to strengthen Ghana's economy and therefore the local cyrrency. The yuan-Cedi relationship can only be 2% of the solution.
Osito, Accra 8 years ago
Great intervention. Ghanaians have brains. Let us begin to tap them.
Great intervention. Ghanaians have brains. Let us begin to tap them.
kwam 8 years ago
But, l think it time our big commercial banks in the country opens some branches in some selected cities in China , so that business people can easily deal with those banks without difficulty. e.g GCB, Standard chartered, UBA ... read full comment
But, l think it time our big commercial banks in the country opens some branches in some selected cities in China , so that business people can easily deal with those banks without difficulty. e.g GCB, Standard chartered, UBA etc. This is a challenge the central bank should assist to materialize.
Tadi boy 8 years ago
The Chinese yuan is a fixed currency whose value is determined by the Chinese government. How do u trust it credibility when dealing with future contracts settlement with China since it value can be manipulated at any time by ... read full comment
The Chinese yuan is a fixed currency whose value is determined by the Chinese government. How do u trust it credibility when dealing with future contracts settlement with China since it value can be manipulated at any time by it government. How often is yuan traded in the currency market in a day as compared to the major currencies been the USD EUR and the GBP. The yuan has been depreciated by the Chinese government to promote import of Chinese goods so help them build a surplus in their balance of payment at the end of the year. Just don't give the Chinese government that opportunity
Agbevivina 8 years ago
I believe the government can still make a negotiations with the Chinese government on trading with both the cedis n the yuan. The fact of the matter is that most of our goods are imported from China.
I believe the government can still make a negotiations with the Chinese government on trading with both the cedis n the yuan. The fact of the matter is that most of our goods are imported from China.
excellent, continue to educate BOG ON this issue till they implement it.
It sounds very promising until you look further into it.Some of our international partners are strictly against this and the subject is very sensitive to them.If we are going to persue this,then it must be done quietly other ...
read full comment
the dollar is a stable currency the yuan is strong today gone tommorrow
trust the dollar the devil we know is better then the devil we don't know
Why trying new thing is problem for blackman?we can trust the chinese man too,
Anonymous BOG worker has said it all
Dollar is dollar
No currency can come near it
Cos it's supreme
An idea well taught in the right direction. I wish this could be pushed and implemented.
You guys must increase and strengthen the production base as the only way of off-setting the high imports. Tying the local currency to another in itself is no panacea to the weakening local currency. It's only high and qualit ...
read full comment
Great intervention. Ghanaians have brains. Let us begin to tap them.
But, l think it time our big commercial banks in the country opens some branches in some selected cities in China , so that business people can easily deal with those banks without difficulty. e.g GCB, Standard chartered, UBA ...
read full comment
The Chinese yuan is a fixed currency whose value is determined by the Chinese government. How do u trust it credibility when dealing with future contracts settlement with China since it value can be manipulated at any time by ...
read full comment
I believe the government can still make a negotiations with the Chinese government on trading with both the cedis n the yuan. The fact of the matter is that most of our goods are imported from China.