Cedi at GH¢4 to $1 unrealistic, GH¢10-GH¢12 more sustainable – President Mahama

Read Article

Comments (29)

This article is closed for comments.

Read Comments Comments (29)

Sua nyansa 7 months ago

If it's possible why not?

If it's possible why not?
prophet mohammed was a sick dog 7 months ago

Qur'an is toilet paper.

Qur'an is toilet paper.
P Djamgbe 7 months ago

With all due respect Mr President, if you and your team can drag the dollar all the way back to even one Cedi please do it. The Cedi can be sustained at any (lower) rate as long as we (Ghanaians) don't mistakenly bring back t ...
read full comment

With all due respect Mr President, if you and your team can drag the dollar all the way back to even one Cedi please do it. The Cedi can be sustained at any (lower) rate as long as we (Ghanaians) don't mistakenly bring back the looting brigade, a. k. a. nation wreckers.
Kuzkuz 7 months ago

Greedy ghanaians dont think all round only thinking about themselves,if the dollar should reduce further without a drastic change in prices I will drop all support for the ghanaians calling me 24/7 for support,we the borgas a ...
read full comment

Greedy ghanaians dont think all round only thinking about themselves,if the dollar should reduce further without a drastic change in prices I will drop all support for the ghanaians calling me 24/7 for support,we the borgas are also helping in sustaining the economy,Ironically those we are helping who cannot find jobs are greedily praying for the cedis drastic rise
JUSTRAC AFRICA LTD 7 months ago

Elevate your online presence with our expert website design services. We create stunning, user-friendly websites that drive results. Business websites, NGO websites, eCommerce websites, educational websites etc. Call/WhatsAp ...
read full comment

Elevate your online presence with our expert website design services. We create stunning, user-friendly websites that drive results. Business websites, NGO websites, eCommerce websites, educational websites etc. Call/WhatsApp :0501796870.Hsjshhh
Kuzkuz 7 months ago

@Sycamore,1:1 exchange rate will do nothing to change your miserable life,Ghana will still be a poor country meaning many average businesses will struggle to even pay a paltry 200ghc salary a month(200 usd when the exchange r ...
read full comment

@Sycamore,1:1 exchange rate will do nothing to change your miserable life,Ghana will still be a poor country meaning many average businesses will struggle to even pay a paltry 200ghc salary a month(200 usd when the exchange rate is 1:1),most especially when gold and cocoa exports and even T-roll are controlled by the dollar,what Ghana needs is currency stability as the economy grows,you dont understand the ghanaian economy better than the one handling it,Mahama is right 10 is "ok" if stable
Sycamore 7 months ago

Mr. President even if it is possible to bring the dollar to a cedi why not. Don't let people deceive or decide for you. We yearn for an economy where the local currency is respected and prices of commodities and services are ...
read full comment

Mr. President even if it is possible to bring the dollar to a cedi why not. Don't let people deceive or decide for you. We yearn for an economy where the local currency is respected and prices of commodities and services are reasonably affordable and stable.
Kwaku Tee 7 months ago

President John Dramani Mahama hasn't got an idea as to why the US Dollar value is dropping ,so don't worry yourself asking him to do more.He has no idea it is international Mkt forces at play.

President John Dramani Mahama hasn't got an idea as to why the US Dollar value is dropping ,so don't worry yourself asking him to do more.He has no idea it is international Mkt forces at play.
Nene Sackitey 7 months ago

Mr. President. One of the factors of your success so far is prudent macro and micro economic management where fiscal and monetary policies are once again functioning independently as checks and balances. The moment you star ...
read full comment

Mr. President. One of the factors of your success so far is prudent macro and micro economic management where fiscal and monetary policies are once again functioning independently as checks and balances. The moment you start making comments like this you undermine the market forces and your government begins to give way to over regulation and socialism. Kindly allow the market forces to work with prudent and just necessary regulation or interference. Let the market set the exchange rate either Ghc1. To $1.0 or Ghc20 to $1.0 that depends on the good or bad performance of the economy and it is not you to determine autocratically.
Napo 7 months ago

Aban papa aba

Aban papa aba

Kay 7 months ago

Tiwiiiii wabon paa

Tiwiiiii wabon paa
Former Dining Hall Prefect 7 months ago

What does this Soviet trained journalist know about fiscal management and Economics?

What does this Soviet trained journalist know about fiscal management and Economics?
24 HOUR ECONOMY YAAMUTU! 7 months ago

The dollar will soon shoot up

The dollar will soon shoot up
Chairman tui tui 7 months ago

May God curse your mouth

May God curse your mouth
Hannan 7 months ago

!!!!!!! Hot girls are waiting for you on ~~ Hot4.eu

!!!!!!! Hot girls are waiting for you on ~~ Hot4.eu
Kwam 7 months ago

Mr President, dont say that we want the dollar to come down more. We need it so that fuel prices and other goods and services we be reduced for the ordinary Ghanaian.

Mr President, dont say that we want the dollar to come down more. We need it so that fuel prices and other goods and services we be reduced for the ordinary Ghanaian.
SILAS 7 months ago

Mahama can't do nothing about the cedis and dollar rate! SETTINGS GOVERNMENT! All along NDC govt was just pretending to be in control

Mahama can't do nothing about the cedis and dollar rate! SETTINGS GOVERNMENT! All along NDC govt was just pretending to be in control
John 7 months ago

Why? make the thing come down. Make nobody deceive you ooo.

Why? make the thing come down. Make nobody deceive you ooo.
CITIZEN 7 months ago

I can now see that the cedi's appreciation is a worry to our president. Can I make an inference that it is not the doing of aban papa but it is the results of world market forces that the dollar is depreciating. I heard the g ...
read full comment

I can now see that the cedi's appreciation is a worry to our president. Can I make an inference that it is not the doing of aban papa but it is the results of world market forces that the dollar is depreciating. I heard the governor of BoG saying sometime that market forces has caused the cedi to appreciate.
1:1 is what we need. We've suffered for too long. Africa must rise.
Kwame 7 months ago

Mahama does not understand market forces and fundamentals.

Mahama does not understand market forces and fundamentals.

C O 7 months ago

Mahama, the current Cedi situation had never been your effort. The world on some conditions propelled US to the highest degree to rely upon for defence. The current US administration seeking or more inward looking,the world ...
read full comment

Mahama, the current Cedi situation had never been your effort. The world on some conditions propelled US to the highest degree to rely upon for defence. The current US administration seeking or more inward looking,the world systematically withdrawing support had drastically reduced the strength of Dollar against world currencies. Cedi has no strength as such to be filled with complacency to peg it anyhow. Speculation now is meaningless. Let us wait to observe how Dollar would bounce back to the international stage. Wait and see. Be careful not to laugh then cry or be disturbed at last.
Jet 7 months ago

Before u speak go research other currencies against the dollar. Check Naira and others

Before u speak go research other currencies against the dollar. Check Naira and others
Scammer Mahama - Scammahama- the Gonja mafia. 7 months ago

Gonja mafia John Mahama QNET led govt is engaging in Akancide.

He is implementing Kofi Awonor's doctrine. At the same time, he has created Northern - volta hegemony.

He has packed the judiciary and all state institution ...
read full comment

Gonja mafia John Mahama QNET led govt is engaging in Akancide.

He is implementing Kofi Awonor's doctrine. At the same time, he has created Northern - volta hegemony.

He has packed the judiciary and all state institutions with his kinsmen, friends, family and those who have the right names.

The gonja mafia john Mahama is a tribal bigot.

Why is the dollar going for one to 16 Cedis for passport application and at the ports?

Disclaimer : John Mahama and Isaac Adongo were the first to ever call a sitting president Akyem Mafia.
FunnyGhana 7 months ago

Comments like this is what destabilises the currency. Now even if cedis is at 10 everyone will reprice at 12 or above since you have given the upper band. There should be no commentary by the President as it carries a lot of ...
read full comment

Comments like this is what destabilises the currency. Now even if cedis is at 10 everyone will reprice at 12 or above since you have given the upper band. There should be no commentary by the President as it carries a lot of weight.
Bylon 7 months ago

The USA controls currency strength and weaknesses through its own devaluation carried out by its federal reserve world to boost its own wxports. It has nothing to do with ndc policies,,

The USA controls currency strength and weaknesses through its own devaluation carried out by its federal reserve world to boost its own wxports. It has nothing to do with ndc policies,,
BISA 7 months ago

MR PRESIDENT HOW MUCH DO WE EXPORT?THOSE EXPORTING IS FOR THEIR OWN BENEFIT SO BECAUSE OF THIS FEW EXPORTERS THE WHOLE COUNTRY SHOULD SUFFER BRING THE DOLLAR DOWN EVEN TO 1 IS TO 1

MR PRESIDENT HOW MUCH DO WE EXPORT?THOSE EXPORTING IS FOR THEIR OWN BENEFIT SO BECAUSE OF THIS FEW EXPORTERS THE WHOLE COUNTRY SHOULD SUFFER BRING THE DOLLAR DOWN EVEN TO 1 IS TO 1
Nana Addo is the man 7 months ago

Akufo Addo and Bawumiah have done the’ donkey’ job for this incompetent Bole dog to enjoy.

Akufo Addo and Bawumiah have done the’ donkey’ job for this incompetent Bole dog to enjoy.
TheScientist 7 months ago

Those who want the dollar to go further down should understand that such will warrant a reduction in salaries of workers in export driven productions companies. The equation must balance for a sustainable job creation. Take f ...
read full comment

Those who want the dollar to go further down should understand that such will warrant a reduction in salaries of workers in export driven productions companies. The equation must balance for a sustainable job creation. Take for example if my capacity is 50T per production cycle and I have 200 workers, and I sell my product for $5 on the international market, know that previously I will receive a return of GHS85 (when dollar was 17GHS), now my returns has dropped to GHS50. There certainly will be a funding gap of GHS35 per unit.
Ask ya’ll self seeking for GHS1:1$ where the workers will be if the cedi gains that much strength ?
As a prudent measure, I will have to sack some workers to make up for the funding gap at worst, or reduce salaries, or increase production using same workers (out of the option since more funding will be required).

So yes, Mr president is right and the team advising him are sound technocrats. The export market needs to be protected likewise the local markets, so finding a balance in production, export and currency exchange is key to sustaining industries and job sustenance.
ASIEDU NKWASIA 7 months ago

THANKS TO DR BAWUMIAH FOR LAYING GOOD ECONOMIC STRUCTURES WHICH IS REFLECTING NOW.

THANKS TO DR BAWUMIAH FOR LAYING GOOD ECONOMIC STRUCTURES WHICH IS REFLECTING NOW.

29 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Cedi at GH¢4 to $1 unrealistic, GH¢10-GH¢12 more sustainable – President Mahama

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 (29)

Read Comments Comments (29)