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Ghana's economy in real hardship under Akufo-Addo - Manasseh Azure Awuni

Comment: Exchange Rate

Author:
Ghanaman
Date:
2018-09-09 15:34:54
Comment to:
GHC WAS 4.2 IN 2017 JAN WHEN MAHAMA WAS


Victor, you my friend do not understand the economy of currency issuing. The new cedi was issued because the old one was very high relative to the American dollar. It was issued in 2009 at 1:1. Held steady for many years for $1 to less than 2 cedis. I know this because I had to pay for my brother's University education for four years. Whatever dollar I sent was the cedi equivalent until about 2013 when it started losing value because we do not make anything but import a lot. And when demand for the dollar exceed supply of the dollar, prices will go up regardless the party in power. Stop fooling people with nonsense. Know the basics of something before you lie to people

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09-09 11:19
 
 
 
 
 
Exchange Rate
Ghanaman
09-09 15:34