Introduce exchange rate policy to reduce pressure on Cedi - AfDB to Bank of Ghana

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• John 1 year ago

  Allowing the cedi to adjust freely base on macro economic variables will collapse the economy because of our import dependency. High cost of living crisis will worsen.
  AfDB should rather advise the government to invest in t ...
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  Allowing the cedi to adjust freely base on macro economic variables will collapse the economy because of our import dependency. High cost of living crisis will worsen.
  AfDB should rather advise the government to invest in the targeted local production in primary commodities. Reduce high government expendure, invest in developing oil fields, rescue Cocoa board.

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• mr amin 1 year ago

  BoG is useless it has put Ghanaians in severe hardship it has failed it's conditional duty to protect the value of the cedi whyis the mother of all our problems in this country

  BoG is useless it has put Ghanaians in severe hardship it has failed it's conditional duty to protect the value of the cedi whyis the mother of all our problems in this country

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• Yao Abu 1 year ago

  Exchange rate policy isn't going to solve the problem. The problem is lack of investment in productive sectors of the economy. For example, we should be investing in Agricultural for domestic consumption and exports. This is ...
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  Exchange rate policy isn't going to solve the problem. The problem is lack of investment in productive sectors of the economy. For example, we should be investing in Agricultural for domestic consumption and exports. This is a huge industry with high demand for Agricultural produce globally. Ghana should be supplying eggs, poultry, oranges, pineapple, plantain, corn dough, cassava dough, Gari, pepper, tomatoes, rice, palm oil, coconut oil, vegetable oil, rubber, cotton, rice, fish, etc to the whole world in large quantities. There is demand for all of these products globally. Why is the government not investment in local farmers to produce and feed the school children in the free shs policy. How can you build a policy that doesn't support or lead to growth in local agriculture sector. Reducing and increasing policy rate and now introducing exchange rates, and taxes won't work. They are theories in economics written and propounded by academics mostly who have no idea how the real world works. They may be somewhat true but you can't rely on them to develop a country. Various African countries are practicing them for years but none has developed. Think about it.

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• Kwabs, London 1 year ago

  I advise all Ghanaians in the diaspora to take advantage of the collapse of the cedi to pay all their debts in Ghana. Few pounds will fetch you loads of cedis to pay your debts. We thank Akuffo-Addo for that.

  I advise all Ghanaians in the diaspora to take advantage of the collapse of the cedi to pay all their debts in Ghana. Few pounds will fetch you loads of cedis to pay your debts. We thank Akuffo-Addo for that.

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