Assure businesses cedi gains are sustainable – Deloitte tells government

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Lori 7 months ago

Very major mistake by Delloite. This man is dangerously uninspiring.

Very major mistake by Delloite. This man is dangerously uninspiring.
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Kweku 7 months ago

Why are some businesses quoting a different exchange rate? This is exactly what KSM addressed in his KSM show yesterday namely: The lawlessness in the country and no one has the courage to take the bull by the horns.

Why are some businesses quoting a different exchange rate? This is exactly what KSM addressed in his KSM show yesterday namely: The lawlessness in the country and no one has the courage to take the bull by the horns.
Kofi 7 months ago

They don't have any policies which is appreciating the cedi, instead it's Trumps trade war which is appreciating the cedi.
Quote
Trump's chaotic trade policy and concerns about the worsening US deficit have dampened sentime ...
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They don't have any policies which is appreciating the cedi, instead it's Trumps trade war which is appreciating the cedi.
Quote
Trump's chaotic trade policy and concerns about the worsening US deficit have dampened sentiment toward US assets, thus weighing on the dollar. "In the long term, a regime change for the US dollar could be imminent after the recent peak," said David Meier, economist at Julius Baer. "The unpredictable US policy, the strained fiscal situation, and the high foreign debt, combined with the two deficits, suggest that a weaker US dollar is the path of least resistance." Unquote
James 7 months ago

We are shouting dollar coming down but price of commodities are still high, which type of equation is this?

We are shouting dollar coming down but price of commodities are still high, which type of equation is this?
Willie 7 months ago

Ingrates, how much have you benefited so far since the cedi began to appreciate. Ungrateful human beings. They will do anything to sabotage the system. No wonder Akufo Addo treated you like idiots.

Ingrates, how much have you benefited so far since the cedi began to appreciate. Ungrateful human beings. They will do anything to sabotage the system. No wonder Akufo Addo treated you like idiots.
Mr Acheampong 7 months ago

Please give three reasons to be grateful. Has the price of electricity gone down? Has the cost of food gone down? What about transport costs? The price of water (when it's running)? Tell us just how ungrateful we are by showi ...
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Please give three reasons to be grateful. Has the price of electricity gone down? Has the cost of food gone down? What about transport costs? The price of water (when it's running)? Tell us just how ungrateful we are by showing us what we have to be grateful for!
Ameedat 7 months ago

Blame Mahama for the Good work. It is Mahama job to lower the cedi (upgrade in percentage)but not Mahama job to lower prices but the greedy vendors.. Go to the petrol stations and ser if petrol has not gone down, go to the ma ...
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Blame Mahama for the Good work. It is Mahama job to lower the cedi (upgrade in percentage)but not Mahama job to lower prices but the greedy vendors.. Go to the petrol stations and ser if petrol has not gone down, go to the markets and see if some foods have not gone down. Even repayment of the huge debt the previous useless government left has gone down because the cedi has appreciated. Offcourse that is hurting you bad so wait for 2028 and vote npp again- but many more Ghanaians will vote ndc if they continue to do a good job.
Your era 7 months ago

Remember the government is going to buy a bag of cocoa for 300 dollars with this appreciation.

Remember the government is going to buy a bag of cocoa for 300 dollars with this appreciation.
Yaw Manu 7 months ago

It gonna hit high again if Trump stops his nonsense. Demand and supply interplay. As soon as international trade normalize, the cedi will hit back since the leadership have nothing to fix the anomalies. No industries, no jobs ...
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It gonna hit high again if Trump stops his nonsense. Demand and supply interplay. As soon as international trade normalize, the cedi will hit back since the leadership have nothing to fix the anomalies. No industries, no jobs, weak economy so how is it going to be sustained? Fool go back to school okay.

Yaa 7 months ago

This is the kind of dispassionate analysis we need, the kind of thinking that sees good news in context and doesn't encourage people to start dancing around like toddlers in a playground because one economic indicator looks g ...
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This is the kind of dispassionate analysis we need, the kind of thinking that sees good news in context and doesn't encourage people to start dancing around like toddlers in a playground because one economic indicator looks good.
But once again, the responses to Owusu's speech will be divided along party lines. For us Ghanaians, EVERYTHING is political......even the kind of gobe we eat is either NDC or NPP!!
Ameedat 7 months ago

Are you not playing the same card? Ndc npp? Hypocrisy. We Ghanaians have prayed for the cedi to appreciate against the dollar for ages if it happening now just praise those in power under which it is happening-simple as that.

Are you not playing the same card? Ndc npp? Hypocrisy. We Ghanaians have prayed for the cedi to appreciate against the dollar for ages if it happening now just praise those in power under which it is happening-simple as that.
Not sustainable 7 months ago

Deloitte should know the current trend is the Trump administrations strategy to devalue the dollar whilst using tarrifs to force other nations not to react to the devaluation. There is nothing Ghana can do when the dollar st ...
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Deloitte should know the current trend is the Trump administrations strategy to devalue the dollar whilst using tarrifs to force other nations not to react to the devaluation. There is nothing Ghana can do when the dollar starts gaining traction by the end of 2026. To take the credit for the current situation is comical at best but, we do need a giggle now and then.
Ameedat 7 months ago

Pray harder for that. 2026 indeed. Hahaha

Pray harder for that. 2026 indeed. Hahaha
Willie 7 months ago

If the cedi appreciation is attributable to he US trade war then why is it that Nigeria and other African countries are not experiencing same? The gains achieved by the business community is huge and no attempt to demean it w ...
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If the cedi appreciation is attributable to he US trade war then why is it that Nigeria and other African countries are not experiencing same? The gains achieved by the business community is huge and no attempt to demean it will succeed. The fact is that the cedi has appreciated and we are seeing the benefits so we don't care what the you people say. What if it remains stable within 10 to say 11 for the next 4 yrs? Let's be optimistic for once as a country and learn to appreciate good things.
Yaw Manu 7 months ago

All currencies are gaining strength against the United States dollar okay. Again, it is demand and supply interplay. In 4 months, what has Mahama done? You know the billions of dollars China and other countries have decided n ...
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All currencies are gaining strength against the United States dollar okay. Again, it is demand and supply interplay. In 4 months, what has Mahama done? You know the billions of dollars China and other countries have decided not to buy? International trade has been halted because of Trump's disaster. Even the 19 years rule of the PNDC/ NDC couldn't fix the Cedi so how did they do it in 4 months? Thank Donald Trump okay. This is international economics and finance so shut up Africans and ask your leaders to implement the right policies to fix the huge economic mess on the continent.
Ameedat 7 months ago

Mahama has shown leadership.

Mahama has shown leadership.
NDC 7 months ago

All currencies across the globe that were depreciating are gaining strength not only Ghana cedis

All currencies across the globe that were depreciating are gaining strength not only Ghana cedis
Ameedat 7 months ago

Don’t mind them. Jealousy go shame. I thought they said is liarmia,s gold for oil, or is it the US tariffs? Or it it non payment of contractors? Losers always want an excuse.

Don’t mind them. Jealousy go shame. I thought they said is liarmia,s gold for oil, or is it the US tariffs? Or it it non payment of contractors? Losers always want an excuse.
Hannan 7 months ago

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Mr Acheampong 7 months ago

If this appreciation is long term then look for many exporters closing down or going bankrupt!

If this appreciation is long term then look for many exporters closing down or going bankrupt!
Yaw 7 months ago

Exactly. I don't understand why this being celebrated. Major disaster. Exports will be uncompetitive

Exactly. I don't understand why this being celebrated. Major disaster. Exports will be uncompetitive
Not sustainable 7 months ago

Not only export but also, all international companies in Ghana are busy buying dollars at cheap rate in Ghana and exporting thier profits outside whiles Ghanaians are in jubilant mood. If a company had 150 million cedis prof ...
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Not only export but also, all international companies in Ghana are busy buying dollars at cheap rate in Ghana and exporting thier profits outside whiles Ghanaians are in jubilant mood. If a company had 150 million cedis profits March, it would have given them 10 million dollars to take out of the country. Now, at around 10 cedis to the dollar, they can get 15 million dollars to take out of the economy. And people are celebrating!!!! This is painful to watch.
Ameedat 7 months ago

So now you are asking for the cedi to rise as before? Hahaha. . Is that what you want now? Hahaha

So now you are asking for the cedi to rise as before? Hahaha. . Is that what you want now? Hahaha

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Assure businesses cedi gains are sustainable – Deloitte tells government

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