Cedi Gains: BoG dismisses speculation of 'engineered' appreciation

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• Kwame 10 months ago

  videbimus

  videbimus

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• P Djamgbe 10 months ago

  These NPP freaks again! First it was Trump's trade wars, and when they realised that wouldn't wash they said it was their clueless Bawumiliar's gold-for-oil initiative, and now they are saying it is engineered appreciation. T ...
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  These NPP freaks again! First it was Trump's trade wars, and when they realised that wouldn't wash they said it was their clueless Bawumiliar's gold-for-oil initiative, and now they are saying it is engineered appreciation. This is the mark of an incompetent bunch - they are so cluelessly incompetent that they can't even imagine how the current administration is making the Cedi strong. Whatever it is that the BoG and the Finance Minister are doing to make the Cedi strong, if Bawumiliar knew how to do the same we wouldn't get to where we got to before the current administration is trying to reverse it now.

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• Your era 10 months ago

  Time will just espose you

  Time will just espose you

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• Hp 10 months ago

  But they injected $33 million into forex this April? The economics and finance people here shd come and explain to us

  But they injected $33 million into forex this April? The economics and finance people here shd come and explain to us

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• Former President 10 months ago

  Dickhead lying scum bags, Injecting $33 million in April is not interfering then? Time to buy dollars like they are doing, come September when the repayments for the deferred loans and the debts of GEC are due the Cedis will ...
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  Dickhead lying scum bags, Injecting $33 million in April is not interfering then? Time to buy dollars like they are doing, come September when the repayments for the deferred loans and the debts of GEC are due the Cedis will start to collapse. BOG openly praise the next $300 million from the IMF in June to stabilise the Cedis. These people take us for idiots, spending our money to feather their own nests. Nothing has changed in Ghana. ,GHc 25-30 to $1 by the end of the year.

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• Outlaw 10 months ago

  Enhanced remittance channels? What does that even mean? Eii, people are been bamboozled to the extent of being under spell that he Governor can say these things and get away with it!

  Enhanced remittance channels? What does that even mean? Eii, people are been bamboozled to the extent of being under spell that he Governor can say these things and get away with it!

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• Alidu 10 months ago

  We will soon if the policies implemented is sustainable or not

  We will soon if the policies implemented is sustainable or not

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• HOLLY SMOKE 10 months ago

  Its like a false pregnancy.

  Its like a false pregnancy.

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• CEDI GAINS CAN NOT BE SUSTAINABLE 10 months ago

  GAINS IN CEDI AGAINST MAJOR FOREIGN CURRENCIES CAN NOT BE SUSTAINED IN THE LONG RUN BECAUSE BANK OF GHANA HAVE DELIBERATELY SUPPLIED MORE DOLLARS TO THE BANKS EXCEEDING THE REQUIRED DEMAND FOR IMPORTS AT THIS TIME OF THE YEA ...
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  GAINS IN CEDI AGAINST MAJOR FOREIGN CURRENCIES CAN NOT BE SUSTAINED IN THE LONG RUN BECAUSE BANK OF GHANA HAVE DELIBERATELY SUPPLIED MORE DOLLARS TO THE BANKS EXCEEDING THE REQUIRED DEMAND FOR IMPORTS AT THIS TIME OF THE YEAR..SECONDLY, SUPPLY FROM REMITTANCE, TOURISTS AND INCREASE FOREIGN FROM GOLD ,COCOA AND OTHER EXPORTS HAVE OVER SUPPLIED FOREIGN CURRENCIES OVER DEMAND. THIRDLY TRADERS STILL HAVE STOCKS FROM IMPORTS OF LAST YEAR WITH LESS PURCHASES MADE BY THE PUBLIC WHICH HAS SLOWED DOWN CURRENT GROWTH OF THE ECONOMY..LASTLY BANK OF GHANA CAN ONLY SUSTAIN GAINS AGAINST MAJOR CURRENCIES ONLY WHEN THERE ARE INCREASE IN REAL PRODUCTIVITY AND MORE GROWTH IN THE ECONOMY THROUGH EXPORTS SUCH AS GOLD,BAUXITE(ALUMINIUM) LITHIUM, COCOA,IMPROVE IN SANITATION TO BOOST TOURISM AND BILATERAL AGREEMENT WITH COUNTRIES WHO NEED OUR PROFESSIONALS SUCH AS NURSES,TEACHERS ,CARERS, MASONS,CARPENTORS,TECHNICIANS, DOCTORS TO WORK IN THEIR COUNTRIES SO THAT THEY SHALL BE PAID IN FOREIGN CURRENCIES. IMPROVEMENT IN SANITATION IN GHANA SHALL BOOST TOURISM IN GHANA ,BECAUSE AS WE MINE THE MINERALS THEY SHALL GET DEPLETED WHILES TOURISM WHICH IS SUSTAINABLE SHALL BE THERE FOREVER .GHANA HAS ABUNDANCE OF SUN ,SEA( BEACH) AND SAND THAT WHEN HARNESSED AND DEVELOPED WITH GOOD SANITATION WE SHALL EARN MORE FOREIGN CURRENCIES IN TOURISM.

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