Thank you Mr Baidoo for your indepth and wise analysis. I am happy that we still have many sensible Ghanaians like you to enlighten and advise those in power. The problem is, do these people listen? Are they prepared to make ... read full comment
Thank you Mr Baidoo for your indepth and wise analysis. I am happy that we still have many sensible Ghanaians like you to enlighten and advise those in power. The problem is, do these people listen? Are they prepared to make amends? The answer is NO. As long as they have the power to borrow money and pocket it with impunity,no one will listen to any advice. Unfortunately that is what Ghana has come to and there seems to be no end in sight.
Jonas 10 years ago
The government is the biggest employer in the country, so all its revenue goes to wages and nothing left for development.
The government is the biggest employer in the country, so all its revenue goes to wages and nothing left for development.
DCE 10 years ago
" MY READING OF HISTORY CONVINCES ME THAT MOST BAD GOVERNMENT RESULTS FROM TOO MUCH GOVERNMENT" By Thomas Jefferson.
"I think we have more machinery of governmentthan necessary" By Thomas Jeffeson.
I PREDICTFUTURE HAPPINESS ... read full comment
" MY READING OF HISTORY CONVINCES ME THAT MOST BAD GOVERNMENT RESULTS FROM TOO MUCH GOVERNMENT" By Thomas Jefferson.
"I think we have more machinery of governmentthan necessary" By Thomas Jeffeson.
I PREDICTFUTURE HAPPINESS FOR AMERICA IF THEY CAN PREVENT THE GOVERNMENT FROM WASTING THE LABORS OF THE PEOPLE UNDER THE PRETENSE OF TAKING CARE OF THEM" bY tHOMAS jEFFERSON.
oyinasky 10 years ago
You are so right. Thank you for the piece. I hope that dumb of a governor reads it. I opened my mouth in shock when I read that nonsense from the Governor. He was being dishonest. Thank God I have never worked for government ... read full comment
You are so right. Thank you for the piece. I hope that dumb of a governor reads it. I opened my mouth in shock when I read that nonsense from the Governor. He was being dishonest. Thank God I have never worked for government in my life. I do not know how I would be able to be so blatantly dishonest.
Benash 10 years ago
Thank you so much Owura Kobina Baidoo. You just schooled me and opened my eyes as well. Our so called leaders are just good for nothing and most of them don't apply whatever they learned from the advance countries.
All we ne ... read full comment
Thank you so much Owura Kobina Baidoo. You just schooled me and opened my eyes as well. Our so called leaders are just good for nothing and most of them don't apply whatever they learned from the advance countries.
All we need to do is to cut the coat according to the cloth available.
' and Jesus wept ' 10 years ago
Those government officials are in various positions for themselves and can careless about what the average Ghanaian is going through. Some brand of intellectuals indeed.
Those government officials are in various positions for themselves and can careless about what the average Ghanaian is going through. Some brand of intellectuals indeed.
Bogged Down 10 years ago
The author's initial quote, that the 'Cedi, [is the] 5th worst currency in Africa', is indeed 'eye-catching'.
However, if one considers that three of the first four of the currencies in that list are pegged to the South Afri ... read full comment
The author's initial quote, that the 'Cedi, [is the] 5th worst currency in Africa', is indeed 'eye-catching'.
However, if one considers that three of the first four of the currencies in that list are pegged to the South African Rand, and the fourth IS the Rand, the real situation of the Cedi, as is so clearly analysed, is even more alarming than the headline suggests.
Ghana's economy is being grossly mismanaged.
Dan Budu 10 years ago
Thank you for the article. Unfortunately it does not follow that if a currency loses .07% in a week, the trend will continue all through the year. In that case it does not and cannot follow that by the end of the year the ced ... read full comment
Thank you for the article. Unfortunately it does not follow that if a currency loses .07% in a week, the trend will continue all through the year. In that case it does not and cannot follow that by the end of the year the cedi will have lost third of its value. This does not make the usual economic sense and meaning, so do not confuse people. You know that currency appreciations and depreciations depend on a number of factors - some of these factors or indicators are unpredictable. Mere speculations of certain vital information in a country can affect the rates of currencies. Given situations of unpredictable indicators, please do not carry out any extrapolation exercises to determine how much a currency will have been depreciated at the end of any given period - for there is no way the trends can be held constant as you stated.
Thank you.
PhiIip Kobina Baidoo 10 years ago
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated cate ... read full comment
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated categorically clear if the trend is held constant. I cannot believe that anyone will hold on to that without thinking about the fact the alternative is also valid. On the other hand, joggle memory back in time. Since when has the cedi appreciated in value and held its position for even six months. The best it does is depreciate and maintain its value. Now, if you are a good accountant, or economist and and advising your management on decision making you use statistics and extrapolations to determine events in the future. Thanks
Philip Kobina Baidoo 10 years ago
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated cate ... read full comment
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated categorically clear if the trend is held constant. I cannot believe that anyone will hold on to that without thinking about the fact the alternative is also valid. On the other hand, joggle memory back in time. Since when has the cedi appreciated in value and held its position for even six months. The best it does is depreciate and maintain its value. Now, if you are a good accountant, or economist and and advising your management on decision making you use statistics and extrapolations to determine events in the future.
Thanks
Dan Budu 10 years ago
Yes Philip we use trend line analysis and carry out extrapolations, but the kind you presented is that wide and exaggerated to make it right. This is the point I want to bring out. We must be proud of your currency and not wr ... read full comment
Yes Philip we use trend line analysis and carry out extrapolations, but the kind you presented is that wide and exaggerated to make it right. This is the point I want to bring out. We must be proud of your currency and not write as if all is not well with the use of that currency. Yes, we might have our economic challenges - which even the developed economies have from time to time, but we should not continue to paint gloomy pictures.
Philip thanks and all the best
Nana Adjoa 10 years ago
When will these our leaders learn something.
When will these our leaders learn something.
Ofori Amoah 10 years ago
God bless you.
God bless you.
danny 10 years ago
Rubbish
Rubbish
Philip Kobina Baidoo 10 years ago
I am tempted to lose my cool, but I won't. What has this got to do with NPP?
I am tempted to lose my cool, but I won't. What has this got to do with NPP?
Thank you Kobina Baidoo for the insight
Thank you Mr Baidoo for your indepth and wise analysis. I am happy that we still have many sensible Ghanaians like you to enlighten and advise those in power. The problem is, do these people listen? Are they prepared to make ...
read full comment
The government is the biggest employer in the country, so all its revenue goes to wages and nothing left for development.
" MY READING OF HISTORY CONVINCES ME THAT MOST BAD GOVERNMENT RESULTS FROM TOO MUCH GOVERNMENT" By Thomas Jefferson.
"I think we have more machinery of governmentthan necessary" By Thomas Jeffeson.
I PREDICTFUTURE HAPPINESS ...
read full comment
You are so right. Thank you for the piece. I hope that dumb of a governor reads it. I opened my mouth in shock when I read that nonsense from the Governor. He was being dishonest. Thank God I have never worked for government ...
read full comment
Thank you so much Owura Kobina Baidoo. You just schooled me and opened my eyes as well. Our so called leaders are just good for nothing and most of them don't apply whatever they learned from the advance countries.
All we ne ...
read full comment
Those government officials are in various positions for themselves and can careless about what the average Ghanaian is going through. Some brand of intellectuals indeed.
The author's initial quote, that the 'Cedi, [is the] 5th worst currency in Africa', is indeed 'eye-catching'.
However, if one considers that three of the first four of the currencies in that list are pegged to the South Afri ...
read full comment
Thank you for the article. Unfortunately it does not follow that if a currency loses .07% in a week, the trend will continue all through the year. In that case it does not and cannot follow that by the end of the year the ced ...
read full comment
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated cate ...
read full comment
Thank you Dan for your concern. Of course, you are right the 0.7% depreciation occurred within the week of the Supreme Court due to apprehension and uncertainties. However, there is no misdirection here, because I stated cate ...
read full comment
Yes Philip we use trend line analysis and carry out extrapolations, but the kind you presented is that wide and exaggerated to make it right. This is the point I want to bring out. We must be proud of your currency and not wr ...
read full comment
When will these our leaders learn something.
God bless you.
Rubbish
I am tempted to lose my cool, but I won't. What has this got to do with NPP?