The cedi will no doubt break the 8 – Dr Sa-ad Iddrisu

Read Article

Comments (37)

This article is closed for comments.

Read Comments Comments (37)

Muha 7 months ago

Masha Allah

Masha Allah
P Djamgbe 7 months ago

Amen Dr. Hahahaha the NPP slogan (break the 8) has come back to bite them so hard in their sorry asses - the NDC broke the 8 in the election and now the Cedi is going to break the 8 too, hahahaha

Amen Dr. Hahahaha the NPP slogan (break the 8) has come back to bite them so hard in their sorry asses - the NDC broke the 8 in the election and now the Cedi is going to break the 8 too, hahahaha
prophet mohammed was a sick dog 7 months ago

Qur'an is toilet paper. Burn all mosques in Africa.

Qur'an is toilet paper. Burn all mosques in Africa.
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 ...
read full comment

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
MasterSgt DoeExperience~~Required4NanAddo 7 months ago

Mahama, Toaso saaaa!l. Shame the Enemy of the People. Being nana-addo-dakwa-akufo-addo, doctor bawumia, the walewale adam-smith, ken ofori-atta, gabby otchere darko, and all the npp's akyem-mafia. It is Finished

Mahama, Toaso saaaa!l. Shame the Enemy of the People. Being nana-addo-dakwa-akufo-addo, doctor bawumia, the walewale adam-smith, ken ofori-atta, gabby otchere darko, and all the npp's akyem-mafia. It is Finished
.mr amin 7 months ago

More vim we want it to come to 2or3 ghc, we need a strong currency to develop and have a strong purchasing power to create jobs, bravo more Vim

More vim we want it to come to 2or3 ghc, we need a strong currency to develop and have a strong purchasing power to create jobs, bravo more Vim
MasterSgt DoeExperience~Required-4- NanAddo 7 months ago

Use Reverse thrust to break the 8. From GhC17: $1 to 7:$1. Disembark to check your Exhaust Pipe. Re-climb. Then blast 17-ton exhaust smoke, full-blast into the face of the npp elephant. never to rise again. 8-Wheeler cabal b ...
read full comment

Use Reverse thrust to break the 8. From GhC17: $1 to 7:$1. Disembark to check your Exhaust Pipe. Re-climb. Then blast 17-ton exhaust smoke, full-blast into the face of the npp elephant. never to rise again. 8-Wheeler cabal bufoons!
Chris 7 months ago

Sure,sure sure let it break the eight.

Sure,sure sure let it break the eight.
Hannan 7 months ago

;) Hot girls are waiting for you on --> Hot4.eu

;) Hot girls are waiting for you on --> Hot4.eu
THE TRUE SWORD 7 months ago

That’s our humble prayer and expectation. It will ease the harsh cost of living citizens have suffered over the years all in the name of Covid-19, and Russia vrs Ukrain war

That’s our humble prayer and expectation. It will ease the harsh cost of living citizens have suffered over the years all in the name of Covid-19, and Russia vrs Ukrain war

Achakanapaya 7 months ago

Hahaha hahaha hahaha, I laugh enter Cicilia Dapaahs bedroom Oooh Chaiiiiiiiiii. The 8 is already broken long time ago.

Hahaha hahaha hahaha, I laugh enter Cicilia Dapaahs bedroom Oooh Chaiiiiiiiiii. The 8 is already broken long time ago.
Williams 7 months ago

Unless consumer prices reduce the Cedi gains means nothing.

Unless consumer prices reduce the Cedi gains means nothing.
Sekondi Proper 7 months ago

Williams Adam Smith, everything is gonna be alright

Williams Adam Smith, everything is gonna be alright
OBSERVERS WITHOUT BOADERS 7 months ago

GOOD COMMENT WILLIAMS

GOOD COMMENT WILLIAMS
Kwabena Ohene 7 months ago

The fast appreciation of the our GHS without any productive backing is not good the economy.
Our export will become very expensive and therefore will affect production and jobs.
Appreciation of our GHS with a high MRP o ...
read full comment

The fast appreciation of the our GHS without any productive backing is not good the economy.
Our export will become very expensive and therefore will affect production and jobs.
Appreciation of our GHS with a high MRP of 28% and high electricity bills will affect local production .Local industries will have a high overcost .Imports from US and China will be cheaper, so our industries will struggle and collapse.

Why is inflation still high?

So untill all the fundamental are right, we are sitting on a time domb.
THEY WON'T UNDERSTAND SIR 7 months ago

Ghanaians should brace themselves for a harsher economic downturn. At a time when most countries are running away from stronger currencies, Ghanaians are clapping for themselves for going in the opposite direction. In the fir ...
read full comment

Ghanaians should brace themselves for a harsher economic downturn. At a time when most countries are running away from stronger currencies, Ghanaians are clapping for themselves for going in the opposite direction. In the first place, we don't produce much for export. Secondly, the little we produce will become expensive. If I was buying a tonne of cocoa for say $1000 from Ghana, I will now need $1500 to buy the same tonne. No, I will go to Ivory Coast to buy it. Our cocoa will end up rotting away in the warehouses. A strong currency without a corresponding export receipt is detrimental to any country's economy. Fool stop!
OBSERVERS WITHOUT BOADERS 7 months ago

VERY WELL SAID Kwabena Ohene

VERY WELL SAID Kwabena Ohene
Kwasi 7 months ago

Ghanaians should be cautious of the cedi appreciation vis-a-vis the dollar or euro. Because currency appreciation makes goods and services from Ghana more expensive. This will hurt the competiveness of our exports if we stret ...
read full comment

Ghanaians should be cautious of the cedi appreciation vis-a-vis the dollar or euro. Because currency appreciation makes goods and services from Ghana more expensive. This will hurt the competiveness of our exports if we stretch it too far.
Again we can not continue to sell dollars for too long. The bank of Ghana has withdrawn billions of the cedi from circulation. The quantity of money in the country has been reduced. We should note that the only legal tender in Ghana is the cedi. In a short time individuals will lose interest in the dollar because it has lost value in the economy. The only people who will continue to buy the dollar/euro are the foreign travellers and importers.
It would be a good idea if dollar was eliminated as a means of exchange in the local economy. That is the only way to stabilise the cedi.
Bazz 7 months ago

Cedis stability will cause inflation to go down by the market own adjustment and that takes time, when people think prices must go down immediately, I get the indication that they are economically lay people

Cedis stability will cause inflation to go down by the market own adjustment and that takes time, when people think prices must go down immediately, I get the indication that they are economically lay people
Kuzkuz 7 months ago

they are not lay people you rather are,everywhere in the world it goes down as fast as it rises only in ghana and some few greedy countries that we experience such delays,Im speaking from experience in many countries prices c ...
read full comment

they are not lay people you rather are,everywhere in the world it goes down as fast as it rises only in ghana and some few greedy countries that we experience such delays,Im speaking from experience in many countries prices come down very fast with currency appreciation,there is something indeed wrong with Ghana's economy,it's a mixture of greed,poverty and fear

Pa 7 months ago

I think 1to 1 is better.
I don't want to hear anything when the cedi start the nosedive

I think 1to 1 is better.
I don't want to hear anything when the cedi start the nosedive
Kwame 7 months ago

cement price is still at January prices.

cement price is still at January prices.
Sika empe dede 7 months ago

JM will be President for the next 12 years. Constitution doesn't allow but he will run as an independent candidate and win massively all because of his great governance.
The people of Ghana will see a great leader of the co ...
read full comment

JM will be President for the next 12 years. Constitution doesn't allow but he will run as an independent candidate and win massively all because of his great governance.
The people of Ghana will see a great leader of the country and not a party leader. You can insult me if you want.
Ghana is marching forward to become the beacon of Africa. Be a Ghanaian. Always say this prayer for Ghana and not your party.
GOD BLESS GHANA.
Kofi 7 months ago

Having the cedis at single digits against the USD and other major currencies may make good political and to some extent economic sense but it has to be managed against other fiscal and trade policies. A strengthened cedis cou ...
read full comment

Having the cedis at single digits against the USD and other major currencies may make good political and to some extent economic sense but it has to be managed against other fiscal and trade policies. A strengthened cedis could work against itself if Ghanaians choose importation over production and exports.
Egya Kofi 7 months ago

Wo ani awu potooooo

Wo ani awu potooooo
Johhnywas 7 months ago

You have no hand in the dollar's depreciation. That is the work of Donald Trump. You guys are something else.

You have no hand in the dollar's depreciation. That is the work of Donald Trump. You guys are something else.
Very expensive 7 months ago

Soon you will be playing double to build a house. Less construction less jobs. I have already stopped my building project workers gone home.

Soon you will be playing double to build a house. Less construction less jobs. I have already stopped my building project workers gone home.
Joe 7 months ago

And who is this guy. Does he know what is going on with the dollar vis-a-vis Trump's tarriff policy.

And who is this guy. Does he know what is going on with the dollar vis-a-vis Trump's tarriff policy.
Talk is cheap 7 months ago

This is a great sign of relief for Ghanaians to see the cedi rise against the dollar. But what policies in particular did the finance ministry and BOG put in place to arrest the cedi ?

This is a great sign of relief for Ghanaians to see the cedi rise against the dollar. But what policies in particular did the finance ministry and BOG put in place to arrest the cedi ?
Ama A DADZIE 7 months ago

We pray to almighty Gid that Ghana economy
Improve so that we enjoy our God's country
Instead go to other countries and enslave
Ourself all over again

We pray to almighty Gid that Ghana economy
Improve so that we enjoy our God's country
Instead go to other countries and enslave
Ourself all over again

Obroniba 7 months ago

If the cedi breaks the 8, then these bunch of highly incompetent corrupt thieves shall remain where they are till 3098. We are experiencing real men at work with an effective leadership who treat Ghanaians with respect. The d ...
read full comment

If the cedi breaks the 8, then these bunch of highly incompetent corrupt thieves shall remain where they are till 3098. We are experiencing real men at work with an effective leadership who treat Ghanaians with respect. The difference is crystal clear and never again shall we allow these blockhead incompetent thieves get closer to leadership. The mother serpent and his criminals must be dead and buried 99 feet down
Doc Bruce 7 months ago

China’s strategy for growth is a weaker currency. And that’s why America is always complaining about China. They purge an economically weak currency to boost growth, and get the world importing from China. An overpriced c ...
read full comment

China’s strategy for growth is a weaker currency. And that’s why America is always complaining about China. They purge an economically weak currency to boost growth, and get the world importing from China. An overpriced currency shouldn’t be a course for celebration while prices are still high.
Ghanaman 7 months ago

If 1 dollar is 8 it's still not good because a worker in Ghana receives 8 million as a monthly salary

If 1 dollar is 8 it's still not good because a worker in Ghana receives 8 million as a monthly salary
Asaase 7 months ago

Thats what we want.

Thats what we want.
Roadrunner 7 months ago

There have been suggestions on this platform the Cedis will climb to 15.50 to the dollar by years end.....This could be just NPP propaganda
still wringing their hands out ,crying about what went wrong at the last election... ...
read full comment

There have been suggestions on this platform the Cedis will climb to 15.50 to the dollar by years end.....This could be just NPP propaganda
still wringing their hands out ,crying about what went wrong at the last election....
There has been a lot of finger pointing....but we ALL KNOW....politictions never put their hand up and take responsibility.....ITS NOT IN GHANAS DNA.....TO ACCEPT RESPONSIBILTY FOR ANYTHING.
YOU CANT SCREW THE POPULATION OF GHANA FOR 8 HORENDOUS YEARS ,AND NOT EXPECT ANY BACK LASS....HAVE A LOOK IN THE MIRROR BOYS AND GIRLS AND WHAT DO YOU SEE???? NOT MUCH I KNOW.
Roadrunner 7 months ago

Without being a pessimist,The Ghana Cedi won't see single digit anytime soon.....I base this thought on the revival of the green back, to rebound, after this Stupid prick Trump wakes up from his wet dream he is having.
The ...
read full comment

Without being a pessimist,The Ghana Cedi won't see single digit anytime soon.....I base this thought on the revival of the green back, to rebound, after this Stupid prick Trump wakes up from his wet dream he is having.
The loading of tarrifs around the world will ease over the coming months,and stabilise the US economy and consumer confidence will level out.
The US DOLLAR HAS BEEN AROUND FOR 250 YEARS .....AND WILL AROUND FOR THE NEXT 250......THE CEDI ,WONT CRASH AND BURN,.BUT WILL COME BACK AND STABILISE AROUND 12 TO THE DOLLAR TO YEARS END.
MAKING PREDICTIONS, IS FINE ,BUT WITHOUT CERTAINY.....MARKET CONDITIONS WILL DETERMINE ITS TRUE VALUE.
CUT GOVERNMENT SPENDING TO THE BONE...
DONT SPEND MONEY THATS NOT YOURS.
AND BALANCE OF PAYMENTS IN POSITIVE TERRITORY, WILL GIVE INVESTORS CONFIDENCE ,TO PUT THEIR MONEY WHERE THEIR MOUTH IS.
Bizzy 7 months ago

It is not a bad idea. But kindly note that this Govt has not started paying for roads and others. Expenditures, so far, are on the low side. But dollars must be low.

It is not a bad idea. But kindly note that this Govt has not started paying for roads and others. Expenditures, so far, are on the low side. But dollars must be low.

37 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

The cedi will no doubt break the 8 – Dr Sa-ad Iddrisu

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (37)

Read Comments Comments (37)