BoG's 1% policy rate cut is a big joke – Togbe Afede XIV

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Addison 1 year ago

After JM snubbed your lobbying to become VP, you have returned to lobbying to be Bank of Ghana governor. You are not an economist but always pretending to be one. You are only MBA Accounting graduate oh. Stop the foolishness

After JM snubbed your lobbying to become VP, you have returned to lobbying to be Bank of Ghana governor. You are not an economist but always pretending to be one. You are only MBA Accounting graduate oh. Stop the foolishness
Smart 1 year ago

Please if you understand the issues, you can also write. Idiots like you are the reasons why Ghana is not making progress. Ghana is in a mess. We should welcome those who are bold enough to express their opinions.

Please if you understand the issues, you can also write. Idiots like you are the reasons why Ghana is not making progress. Ghana is in a mess. We should welcome those who are bold enough to express their opinions.
MMT Theorist 1 year ago

All these things are misapplication of basic concepts and zero practical experience in economics. He is limited by his misunderstanding of concepts from first year economics textbooks that all of us read at 18 years of first ...
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All these things are misapplication of basic concepts and zero practical experience in economics. He is limited by his misunderstanding of concepts from first year economics textbooks that all of us read at 18 years of first year. He doesn't show that he studied anything outside of first year economics. And he is coming to lecture economists who studied economics up to PhD level, topics in economics 100x more complex than his limited exposure in his accounting degree. Do they do monetary economics at Pobiman football park? Lol! Let him keep exposing his ignorance . Always jealous of and wanting to pick fights with people who have any power
Joe 1 year ago

Idiot, read what Togbe has written, and tell us what you think. Economics is not rocket science. High domestic interest rates will cause the local currency to depreciate. Otherwise, we’ll all invest in treasury bills and ex ...
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Idiot, read what Togbe has written, and tell us what you think. Economics is not rocket science. High domestic interest rates will cause the local currency to depreciate. Otherwise, we’ll all invest in treasury bills and expect to buy more dollars later. That can’t happen! Common sense!
Nana 1 year ago

Oh Kweku Tsin. Why keep on displaying your ignorance so publicly? Herh! All over the world, central banks use high domestic interest rates to support their currencies. Yieeee. What an embarrassment. Confirmed, you don't know ...
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Oh Kweku Tsin. Why keep on displaying your ignorance so publicly? Herh! All over the world, central banks use high domestic interest rates to support their currencies. Yieeee. What an embarrassment. Confirmed, you don't know much!!!!!! Herh. Unbelievable
Nana 1 year ago

The Nigerian central bank just raised interest rates yesterday to support the Naira. Tweeeeakai. You don't know anytjing. How can a grown man be exposing his ignorance like this. You are just embarrassing yourself

The Nigerian central bank just raised interest rates yesterday to support the Naira. Tweeeeakai. You don't know anytjing. How can a grown man be exposing his ignorance like this. You are just embarrassing yourself
CADRE ONE 1 year ago

Oh, hmmmmm. no, no. Straight confirmation that you are just full of yourself! Dot know much. Scandalous Kweku Tsin embarrassing himself.

This is from IMF in Turning Currencies Around -

"To strengthen the exchange rate ...
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Oh, hmmmmm. no, no. Straight confirmation that you are just full of yourself! Dot know much. Scandalous Kweku Tsin embarrassing himself.

This is from IMF in Turning Currencies Around -

"To strengthen the exchange rate, the central bank simply raises its policy interest rate. As investors in search of higher returns increase their demand for the currency, the exchange rate appreciates. By lowering interest rates, the central bank can weaken the exchange rate."
Nana 1 year ago

Tweeeakai. Finance expert

Tweeeakai. Finance expert
Pat 1 year ago

Foolish Nana, what happened to the Naira after the interest rates were raised? It collapsed further. Common sense!

Foolish Nana, what happened to the Naira after the interest rates were raised? It collapsed further. Common sense!
Freddy Blay 1 year ago

He would go and Google some economics and go and make up some fake understanding, misinterpretations, and come and be disturbing our ears. Tweeeeakai

He would go and Google some economics and go and make up some fake understanding, misinterpretations, and come and be disturbing our ears. Tweeeeakai

Mtscheeeew 1 year ago

I NEVER KNEW THIS GUY WAS SUCH A STUPID IDIOT!!

IF FOR 21 YEARS AS YOU CLAIM NO ONE ELSE HAS COME TO POINT OUT FLAWS IN BoG's MONETARY POLICY MANAGEMENT PRACTICES, WOULD YOU NOT LEARN THAT YOU ALONE ARE THE FOOL?????

...
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I NEVER KNEW THIS GUY WAS SUCH A STUPID IDIOT!!

IF FOR 21 YEARS AS YOU CLAIM NO ONE ELSE HAS COME TO POINT OUT FLAWS IN BoG's MONETARY POLICY MANAGEMENT PRACTICES, WOULD YOU NOT LEARN THAT YOU ALONE ARE THE FOOL?????

NO ECONOMIST HAS COME TO SUPPORT YOU IN 21 YEARS? ONLY A DEAD 80 YEAR OLD PERSON WITH DUBIOUS 1950s ECONOMIC TRAINING, WHO IS NOT AVAILABLE TO CORROBORATE YOU? BEAR IN MIND ECONOMISTS AT UNIVERSITIES ALL OVER THE WORLD, OTHER COUNTRIES AND CENTRAL BANKS, THE WORLD BANK GROUP, MANY MANY PRACTITIONERS STUDY EACH OTHERS BEST PRACTICES. SO ALL THESE ECONOMISTS ARE WRONG SND ITS ONLY YOU TOGBE AFEDE IN YOUR SO CALLED SAS ECONOMIC RESEARCH CoOMPANY THAT IS CORRECT. THEY SHOULD AWARD YOU OUT OF THESE MANY ECONOMISTS IN THE WORLD NOBEL PRIZE IN ECONOMICS. WITH YOUR BASIC INTRODUCTORY ECONOMICS EXPOSURE. ARROGANT BUFFOON!!!!
Stone 1 year ago

Mtscheeeew or whatever, the question you should be asking is, “ Why has BOG never succeeded with its inflation targeting approach?”. Better admire the man for his courageous stand since 2003. If you also can think, make a ...
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Mtscheeeew or whatever, the question you should be asking is, “ Why has BOG never succeeded with its inflation targeting approach?”. Better admire the man for his courageous stand since 2003. If you also can think, make a contribution. Otherwise, shut up!
Vinnie 1 year ago

Togolese vagabond.. And what has your management at hearts of oak been like soo far. After all the most you keep making. We thought you could turn hearts into maldrid in four years..

Togolese vagabond.. And what has your management at hearts of oak been like soo far. After all the most you keep making. We thought you could turn hearts into maldrid in four years..
Stone 1 year ago

Idiot, read what he has written. It’s sad you can’t even understand. Talk to the people who matter in Hearts and you’ll know about progress that is being made. Done of you envy and hate people who are successful through ...
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Idiot, read what he has written. It’s sad you can’t even understand. Talk to the people who matter in Hearts and you’ll know about progress that is being made. Done of you envy and hate people who are successful through their own hard word. Nincompoop!!
Agroberto 1 year ago

A shameless clown!!!

A shameless clown!!!
Mtscheeeew 1 year ago

What at all did this man study in university that nobody has ever studied before. He behaves like a child. Like no one else has attended university or read the same textbooks. Or its him that invented economics? Ok oh!!! Only ...
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What at all did this man study in university that nobody has ever studied before. He behaves like a child. Like no one else has attended university or read the same textbooks. Or its him that invented economics? Ok oh!!! Only he is the smartest person in everything. Amazing how a grown person can be behaving this way. Why would his hometown people even make someone who has mental problem a chief??? Lol!!!!!!
Smith 1 year ago

You must have missed your drugs. You call yourself Mtscheeeew? No wonder! From what I read, I believe if you have a hundredth of the writer’s intellect, your life wouldn’t be miserable. If you can, read what is written an ...
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You must have missed your drugs. You call yourself Mtscheeeew? No wonder! From what I read, I believe if you have a hundredth of the writer’s intellect, your life wouldn’t be miserable. If you can, read what is written and make intelligent comments, mad fellow.
Oklemekuku 1 year ago

He was even ready to betray the oath he made to his people, step over them, to go and chase personal glory as Vice President. Shameless, self obsessed, selfish character. He wasn't even shy releading a press statement to say ...
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He was even ready to betray the oath he made to his people, step over them, to go and chase personal glory as Vice President. Shameless, self obsessed, selfish character. He wasn't even shy releading a press statement to say this. A lawless chief who doesn't respect the country's constitutional laws not to engage in politics!!!!!!!!!!!
Kwesi 1 year ago

How much are you paid for the foolish things you write? Did you understand what Togbe wrote? Obviously no! Shameless people like you, who have no conscience, are the real problems of Ghana. If you know some economics, write i ...
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How much are you paid for the foolish things you write? Did you understand what Togbe wrote? Obviously no! Shameless people like you, who have no conscience, are the real problems of Ghana. If you know some economics, write in response to Togbe’s analysis. Don’t hide behind the internet and insult. Coward!!
Solow 1 year ago

Bank of Ghana works with the IMF, World Bank, academia from all over the world, many global and and local economic research institutions full of some of the smartest ecoomists in the world with multiple degrees from the best ...
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Bank of Ghana works with the IMF, World Bank, academia from all over the world, many global and and local economic research institutions full of some of the smartest ecoomists in the world with multiple degrees from the best schools in the world. Every year IMF comes for article IV consultations and reviews with BOG.l, and even in the ECF programs we have been accessing. I have never heard anyone of these eminent parties question BOG's methodologies for inflation targeting and monetary policy management. What is this Togbe Afede:s attitude or problem in life and his fixation on bullying, haranguing, and lecturing BoG and people geberally about things he doesn't know much about, and his bogus, simpleton, narrow minded understanding of things? This guy is just unbelievable. A complete moron, confusionist. Always involved in a controversy or orher every week with someone in power somewhere.This is someone campaigning for Mahama' to notice him. Hmmmmmm. Such a strange person.

Nana 1 year ago

John Mahama would make a mistake if he wins and give him Bank of Ghana to manage, and this guy would collapse the instution within 6 months, with his well known divisive leadership, shocking ego, pride, insulting behaviour, d ...
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John Mahama would make a mistake if he wins and give him Bank of Ghana to manage, and this guy would collapse the instution within 6 months, with his well known divisive leadership, shocking ego, pride, insulting behaviour, disrespecting everybody, arrogance, quarreling with people, incompetence, by heart character, etc etc. Tweeea
George 1 year ago

Idiots! Read what Togbe wrote critically if only you can understand before you make your foolish comments. IMF experts and so what? We’ve visited them 17 times!
When domestic interest rates are high, as in Ghana and Niger ...
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Idiots! Read what Togbe wrote critically if only you can understand before you make your foolish comments. IMF experts and so what? We’ve visited them 17 times!
When domestic interest rates are high, as in Ghana and Nigeria, the local currency will depreciate to maintain parity. Common sense!!
Hey, it’s not always about degrees. During our time the smartest arts students, like Togbe, opted for BSc Administration at University of Ghana, not economics.
Nana 1 year ago

Kweku Tsin, keep on praising yourself as the smartest. Keep on putting your ignorance on public display for people to see forever. Scandalous, arrogant fool!

Kweku Tsin, keep on praising yourself as the smartest. Keep on putting your ignorance on public display for people to see forever. Scandalous, arrogant fool!
99% OF GHANA'S HEADS OF DEPT, LEADERS ARE REDUNDANT AND JUST MARKING TIME UNTIL NOVEMBER 1 year ago

NOW IS THE TIME FOR GHANA'S FUCKING LEADERS TO DESIGN FRAUDULENT SCHEMES TO LOOT STATE VEHICLES IN THE NAME OF FRAUDULENT "STATE AUCTION". THESE VEHICLES ARE ONLY 8 YEARS OLD AND MUST BE SERVICED AND USED AGAIN AFTER THE GENE ...
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NOW IS THE TIME FOR GHANA'S FUCKING LEADERS TO DESIGN FRAUDULENT SCHEMES TO LOOT STATE VEHICLES IN THE NAME OF FRAUDULENT "STATE AUCTION". THESE VEHICLES ARE ONLY 8 YEARS OLD AND MUST BE SERVICED AND USED AGAIN AFTER THE GENERAL ELECTIONS.

SONA AND ANTI-LGBTQ+/- NONSENSE BRINGS NOTHING TO THE TABLE TO STOP THE MASS DEPRIVATION AND SUFFERING GHANAIANS ALWAYS ENDURE DUE PRIMARILY TO BAD, CORRUPT BANKRUPT GHANA LEADERSHIP.

WHY HAVE THESE TWO NONSENSE ISSUES DOMINATED THE DISCOURSE IN HOPELESS GHANA?

GHANA'S LAZY FREELOADING LEADERS ALWAYS CHURN OUT USELESS PUBLIC POLICIES TO DISTRACT ATTENTION ON THEIR INCOMPETENCE- AND CORRUPTION-RELATED CONDUCT DRAGGING GHANA BACKWARDS FROM EVERY POSITIVE DIRECTION AND PURPOSE.

GHANA LEADERS HAVE ONLY A FEW MONTHS TO END THEIR MEDIOCRE TERMS SO THEY WILL ALWAYS MARK TIME WITH USELESS POLICIES TO SERVE OUT THEIR FREELOADING TERMS IN OFFICE.

GHANA IS BANKRUPT. THERE'S NO MONEY TO DO ANYTHING SO THEY'RE ONLY MARKING REDUNDANT TIME TO KEEP CHOPPING UNJUSTIFIABLE SALARIES, ALLOWANCES AND END OF TERM GRATUITIES FOR NO WORK DONE WHATSOEVER.

NOW, I'M 100% SURE AKUFO-ADDO AND OTHER GHANA LEADERS ARE DESIGNING SCHEMES TO LOOT GOVERNMENT VEHICLES IMPORTED UNDER THE CORRUPT AKUFO-ADDO GOVERNMENT. THIS HAS BEEN THE CULTURE FOR DECADES. THAT'S WHY GHANA IS ALWAYS BANKRUPT.

GHANAIANS MUST OPEN THEIR EYES, EARS AND PREVENT THAT FRAUDULENT DECADES-OLD PRACTICE, BECAUSE IT'S ALL MONEY BELONGING TO ALL GHANAIANS.
Appiah Danquah Kufuor 1 year ago

Many ordinary Ghanaians our aunties, cousins, mums, Uncles, nephew's/nieces dearly wish we had such a competent, incorruptible, brilliant, successful buisness person to be in charge of the whole country not just the finances ...
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Many ordinary Ghanaians our aunties, cousins, mums, Uncles, nephew's/nieces dearly wish we had such a competent, incorruptible, brilliant, successful buisness person to be in charge of the whole country not just the finances of the Government.
Kwame 1 year ago

Complete joke. Those morons currently at the helm of the central bank are a joke of economists. Which schools did they attend?

Complete joke. Those morons currently at the helm of the central bank are a joke of economists. Which schools did they attend?
NNN 1 year ago

Togbe please don't stop talking wai,you are a true Patriotic citizen ,continue to put every governments on its toes,but please next time if you hear of a project like the Ho Airport please advice them well doesn't matter wher ...
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Togbe please don't stop talking wai,you are a true Patriotic citizen ,continue to put every governments on its toes,but please next time if you hear of a project like the Ho Airport please advice them well doesn't matter where it is supposed to be located ,Ho Airport from scratch was heading to be a white elephant,Cape Coast Airport would be same if anyone dare try
.com 1 year ago

Bank of Ghana should not force investor population to start buying dollar and other foreign currencies. Let us be nature or realistic to curb those borrowers making abnormal profit as tbill investors wait for balance of payme ...
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Bank of Ghana should not force investor population to start buying dollar and other foreign currencies. Let us be nature or realistic to curb those borrowers making abnormal profit as tbill investors wait for balance of payment this year of 2024.
.com 1 year ago

I also pray that Dr Joe Ghartey committee sitting in parliament today will get to the 345 defunct microfinances case to invite Mr Owusu Afiriyie and pastor Francis kwarteng and ? all of noble dream microfinance to answer some ...
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I also pray that Dr Joe Ghartey committee sitting in parliament today will get to the 345 defunct microfinances case to invite Mr Owusu Afiriyie and pastor Francis kwarteng and ? all of noble dream microfinance to answer some questions.
Nogokpo 1 year ago

Ghanaians don't like honest persons. The economy of ghana has spoiled beyond repairs and we must think about it.

Unfortunately, jobless and employed men and women in this country and happy that they NPP party is ruling gha ...
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Ghanaians don't like honest persons. The economy of ghana has spoiled beyond repairs and we must think about it.

Unfortunately, jobless and employed men and women in this country and happy that they NPP party is ruling ghana whiles they are weary about life.

Factors of productions such as Interest rates, Exchange rates and inflation are higher yet our fellow men and women are happy that they Akan party is in power. Shame unto us all

Treasure 1 year ago

Put 10m Economists together. They can never ever come to ONE MIND. BECAUSE IT NOT A PROFESSION like Lawyers and Accountants.

What is TOGBE take? Fame?

Only criticism for criticism sake.

Fame obsession and nothing els ...
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Put 10m Economists together. They can never ever come to ONE MIND. BECAUSE IT NOT A PROFESSION like Lawyers and Accountants.

What is TOGBE take? Fame?

Only criticism for criticism sake.

Fame obsession and nothing else.

Gradually reducing the Base Rate is not a bad thing because the economic future is not clear enough but the economy needs stimulation.

I think it is a best decision. Because I am looking at it from the point of view of an ordinary person not a Chief, Millionaire or a Business man.

This is a BOLD DECISION because the UK and USA have kept the rate SAME.

Well done
Nana Bankyemhene 1 year ago

The man is obsessed with neing hailed as smart and self glory. Nobody ever awarded him any Nobel prize in economics. He was never even a professor at any school, just a mere lecturer, of which there have been and are thousand ...
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The man is obsessed with neing hailed as smart and self glory. Nobody ever awarded him any Nobel prize in economics. He was never even a professor at any school, just a mere lecturer, of which there have been and are thousands. How many first class degrees did any one ever award him? Masters degree in economics, no, PhD in monetary economics, no. But he acclaims himself the smartest person in the world, always going around bullying people that he is the smartest person in the world. And it has become part of his claim to fame that he has to live up to. Unbelievably childish. He is not a banker or economist. Most of these things he sayimg are neither intellectual, practical or logical. All the worlds central bankers fight inflation with high interest rates. But this Atakpame economist Togbe Afede says Nobel prize winning economists at US Fed, EU, Japan, England central bankers, are all wrong. Him with experience from SAS and from Pobiman Hearts Park is the only correct economist. Haranguing and trying to bully Addison and Bank of Ghana to not fight inflation with interest rates. Is Afede a professional economist? Which central bank has he wirked at before? If his experience is serving on BoG board, look at the people who have served and are currently serving on on tbat board? Is this not an Ankaful or Pantang patient we are seeing? Just some shockingly power hungry and arrogant person always sowing discord and confusion
Sammy 1 year ago

You are an idiot! Have you read the article? You’ve betrayed your jealousy and unnecessary hatred. I wish you understood Togbe’s excellent presentation and analysis. But they are obviously above you fool.

You are an idiot! Have you read the article? You’ve betrayed your jealousy and unnecessary hatred. I wish you understood Togbe’s excellent presentation and analysis. But they are obviously above you fool.
Stone 1 year ago

Togbe has made his name in power, aviation, chieftaincy, philanthropy, etc. Criticizing BOG cannot be about fame. It should be about helping to define the right approach. Better admire the man for his courageous stand since 2 ...
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Togbe has made his name in power, aviation, chieftaincy, philanthropy, etc. Criticizing BOG cannot be about fame. It should be about helping to define the right approach. Better admire the man for his courageous stand since 2003. By the way, has BOG succeeded with its inflation targeting approach? That’s the question you should be asking.
Nana 1 year ago

Braggart Kweku Tsin

Braggart Kweku Tsin
kofi france 1 year ago

Please stay out of this. Its is not your domaine of specialisation. Leave it for the professionals.

Please stay out of this. Its is not your domaine of specialisation. Leave it for the professionals.
Kwame 1 year ago

What do you know about Afede? Abi you are a tribalist so Ayigbe advice is useless huh. We are all in the mess together

What do you know about Afede? Abi you are a tribalist so Ayigbe advice is useless huh. We are all in the mess together
Joe 1 year ago

Shameless! Read what Togbe has written, if only you’ll understand. And ask yourself whether you are fit to comment. Idiot!!

Shameless! Read what Togbe has written, if only you’ll understand. And ask yourself whether you are fit to comment. Idiot!!
Lantey 1 year ago

It is generally accepted that high interest rates have been enriching the banks at the expense of the real sectors.

According to Fitch Ratings-London, 27 February 2024: “Ghanaian banks’ heightened profitability driven ...
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It is generally accepted that high interest rates have been enriching the banks at the expense of the real sectors.

According to Fitch Ratings-London, 27 February 2024: “Ghanaian banks’ heightened profitability driven by exceptionally high yields on treasury bills is helping a recovery in capitalisation from the large losses due to Ghana’s domestic debt exchange programme in early 2023, Fitch Ratings says.

We expect profitability to remain strong in 2024 as treasury bill yields stay high despite decreasing from their peak….The banking sector reported extremely strong profitability in 2023 driven by net interest margins (NIMs) benefitting from the exceptionally high treasury bill yields since the debt exchange was launched”.

Togbe has been making sensible arguments. He will be vindicated, if he hasn’t yet been. If the issues are above you keep quiet, and stop the tribal and political posturing. Idiots!
Nana 1 year ago

So? Who doesn't know since the beginning of banking in history that bank profits anywhere in the world increase when interest rates increase? Kweku Tsin, so called businessman, are you against businesses in any capitalist eco ...
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So? Who doesn't know since the beginning of banking in history that bank profits anywhere in the world increase when interest rates increase? Kweku Tsin, so called businessman, are you against businesses in any capitalist economy making money? A so called businessman
Alberta 1 year ago

You too write what you know. Better read what Togbe has written well, and be healed of your ignorance.

You too write what you know. Better read what Togbe has written well, and be healed of your ignorance.

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BoG's 1% policy rate cut is a big joke – Togbe Afede XIV

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