Cedi depreciates further to GH¢10.95 to a dollar on interbank market

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Tamale North Boy 5 months ago

Heading to 12gh cedis?

Heading to 12gh cedis?
Kusie 5 months ago

The damage by the previous government was very very massive,the worst performing currency in the world at a time with junk credit rating,this government hss tried but local traders refused to reduce their prices so here we go ...
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The damage by the previous government was very very massive,the worst performing currency in the world at a time with junk credit rating,this government hss tried but local traders refused to reduce their prices so here we go,better times for the future and hopefully this government can slowly and steadily fix many parts of that never seen before economic mismanagement
Yaw 5 months ago

Bank of Ghana can’t massage the figures again? No wonder the president is in Japan with cup in hand begging for loans to cushion the cedis.

Bank of Ghana can’t massage the figures again? No wonder the president is in Japan with cup in hand begging for loans to cushion the cedis.
JESUS IS GOD 5 months ago

Jesus Christ loves you and wants to save you from sin and its consequences. Vanity upon vanity—everything in this world is meaningless without Him. He died on the cross for your sins, was buried, and rose again on the third ...
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Jesus Christ loves you and wants to save you from sin and its consequences. Vanity upon vanity—everything in this world is meaningless without Him. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal life! (John 3:16).ndndj
Padi 5 months ago

The exchange rate must remain stable and should not be manipulated for political gain.

The exchange rate must remain stable and should not be manipulated for political gain.
Akwasi Borga 5 months ago

Exactly my point
The wiser thing to do was to keep the reserves and make sure it doesn’t cross 16 cedis, but slowly regulating it
The NDC government manipulated the currency too aggressively, just for political approval.
...
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Exactly my point
The wiser thing to do was to keep the reserves and make sure it doesn’t cross 16 cedis, but slowly regulating it
The NDC government manipulated the currency too aggressively, just for political approval.
Now, they’re are trapped and dollar demand is high. Let’s see if they can do their “magic” again.
Alidu 5 months ago

That is exactly IMF told them that the government you should careful about the handling of cedis, illiterate people on this same platform insured the institution

That is exactly IMF told them that the government you should careful about the handling of cedis, illiterate people on this same platform insured the institution
Mr Smith 5 months ago

Alidu, the IMF are here for themselves and you think they will ask the government to do something for you? It's all about them. They want the government to do something that will benefit them and not us.

Alidu, the IMF are here for themselves and you think they will ask the government to do something for you? It's all about them. They want the government to do something that will benefit them and not us.
Kweku Boateng Jnr 5 months ago

Thank you Mr Smith.
There is an editorial in the June 4 Movement newspaper: IMF Again We Disagree Sir. Mr Taata K Ofosu who was the editor was personally arrested by Chairman John Jerry Rawlings on 24th November 1982 at bung ...
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Thank you Mr Smith.
There is an editorial in the June 4 Movement newspaper: IMF Again We Disagree Sir. Mr Taata K Ofosu who was the editor was personally arrested by Chairman John Jerry Rawlings on 24th November 1982 at bungalow No 3 Second Circular Road, Cantonments and tortured at the Osu Castle in the presence of some of the best lawyers ( Tsastu, Fuii, Kwesi Botchway, Capt Kojo T, BB D ASAMOAH etc) among others at the time.
Mr Smith, your comments takes me back to history. The IMF would never support any African state to stabilize its currency etc
Thank you Sir.
Taata Kwadzo Ofosu, Ex-Managing Editor of Workers Banner (1982) 5 months ago

Thanks Kweku Boateng,Jr.
1)I am the Taata K Ofosu mentioned and am still alive after our collective and personal hellish experiences for vehemently opposing the Rawlings and IMF/World Bank's Destructive policies aimed at per ...
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Thanks Kweku Boateng,Jr.
1)I am the Taata K Ofosu mentioned and am still alive after our collective and personal hellish experiences for vehemently opposing the Rawlings and IMF/World Bank's Destructive policies aimed at permanently enslaving Ghana's economy!!!
2)Apart, from the my arrest as above, along with other Real Revolutionaries who dared to oppose IMF/WB and the Rawlings gang, I was again arrested on 21 June 1984, during which I spent months in jail with usual torture. Above all I was sent to Firing Squad twice (two times) and saw a total of 8 people executed and thrown into mass graves!! Somehow, I survived to tell the tale of my experiences!!
3)It's significant to note that in August 1982 the Revolutionary section of the June 4 Movement/ PNDC Govt was given just 4 weeks to prepare an "Alternative Economic Programme"!! Our Committee headed by Dr. Mohammed Bawa produced a detailed programme within 3 weeks and surprised Rawlings, the 3 Tsikatas (Kojok,Tsatsu, Fui), Kwesi Botchway (Finance Minister), PV Obeng (de facto Prime Minister) and others!!! By comparison Finance Minister Kwesi Botchway and his team of Tsikatas, etc had spent 5 months preparing and secretly negotiating with IMF/WB!!! As an Economist by training, I helped the "Alternative Economic Programme" Team in preparing the above programme!!
4)In the end, the response of Rawlings and his Tsikatas-Botchway faction was to start our arrests, torture, jail and executions!! Cos they had lost the economic argument at Cabinet level!!
5)In short, the "Alternative Economic Programme" we prepared is very similar to what is being implemented in the AES (Burkina, Mali, Niger) today!! But we were 43 years ahead (1982-2025)!! This programme meant taking full control of our vast mineral and natural resources to stop the bleeding and looting by Western companies so that our vast export earnings would finance our economic development and stop the reliance on IMF/WB punitive loans that always leave us in spiral indebtedness!!!
Imagine that in 1982 Ghana's total external debt was just $582 Million Dollars, which is what IMF/WB seized upon to re-enslave Ghana!! But today Ghana's total external debt is $29 Billion Dollars, after 12 IMF/WB interventions (1982-2025), Cedi devaluation of over 30,000% (!!) and 43 years wasted on IMF/WB Slavery!!!

tc 5 months ago

The depreciation happening now is closer to what the IMF was suggesting not the opposite so I dont understand why youre saying that,besides we are still under IMF until 2026

The depreciation happening now is closer to what the IMF was suggesting not the opposite so I dont understand why youre saying that,besides we are still under IMF until 2026
CITIZEN 5 months ago

It's gradually heading to the real value Mahama spoke about, 12 cedis. Hmmm! Fear the politicians

It's gradually heading to the real value Mahama spoke about, 12 cedis. Hmmm! Fear the politicians
Kwaku 5 months ago

Could there be some truth that Ghanaians have short memories?
Why is the cedi losing ground? Have the great policies put in place that boosted it's value been reversed?
I remember similar situation when the then vice-presid ...
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Could there be some truth that Ghanaians have short memories?
Why is the cedi losing ground? Have the great policies put in place that boosted it's value been reversed?
I remember similar situation when the then vice-president said they have arrested the cedi and locked it.
What happened?
When there is a change in government, the uncertainty and expectations brings certain factors into play then hurray, we begin to gloat and boast of our impeccable performance. We should be patient and diligent, making sure that we have a proper grip on the workings of the international economy and the machinations of global capital. We can then be sure if we are making true progress.
Yes we can.
Your era 5 months ago

There is shortsighted

There is shortsighted
Your era 5 months ago

There is shortage of dollars in Ghana,and I have been telling the gorverner that time will expose him.

There is shortage of dollars in Ghana,and I have been telling the gorverner that time will expose him.
Man pass man 5 months ago

Tadi boys will say "agye gon"

Tadi boys will say "agye gon"
Yaw 5 months ago

It’s the artificial dollar-cedi rate which led to the disappointing increase in the producer price of cocoa. Rubber farmers are also crying. These farmers if they’ve the opportunity will smuggle their produce for high pri ...
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It’s the artificial dollar-cedi rate which led to the disappointing increase in the producer price of cocoa. Rubber farmers are also crying. These farmers if they’ve the opportunity will smuggle their produce for high price elsewhere. Therefore, an artificial rate hurts the economy, depleting your reserves, weakening exports etc.
catee93 5 months ago

Interbank rates are over 11.20; blackmarket 12.20

Interbank rates are over 11.20; blackmarket 12.20
SA 5 months ago

The US Dollar is weakening yet Ghana's Cedi is depreciating over the past 2 weeks when Gold prices is at the highest, this makes no sense, What the hell is going on at BOG, are they not monitoring the trend, sleeping on the j ...
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The US Dollar is weakening yet Ghana's Cedi is depreciating over the past 2 weeks when Gold prices is at the highest, this makes no sense, What the hell is going on at BOG, are they not monitoring the trend, sleeping on the job as always or waiting for what, sell more gold to bring the Cedis down or people will be hoarding the dollar again.
24 Hour Bullshit 5 months ago

Eh!!! Ato

Eh!!! Ato

Bitter truth 5 months ago

Sarkodie is a prophet, like he said back to square zero like we never left..the cedi has started depreciating so fast..very soon it go hits 15 cedis per 1 dollar..when will Ghana gets it right..? The cedi appreciates against ...
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Sarkodie is a prophet, like he said back to square zero like we never left..the cedi has started depreciating so fast..very soon it go hits 15 cedis per 1 dollar..when will Ghana gets it right..? The cedi appreciates against the dollar and every right thinking Ghanaian was happy, now all of a sudden it’s depreciating again..the country needs total stability
Akwasi Borga 5 months ago

Exactly.
The NDC government are here acting like bringing the dollar rate down once, means that it will stay there forever.
That’s a very shortsighted way of managing the economy. They should have prioritized stability ov ...
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Exactly.
The NDC government are here acting like bringing the dollar rate down once, means that it will stay there forever.
That’s a very shortsighted way of managing the economy. They should have prioritized stability over quick appreciation of the cedi.
Akwasi Borga 4 months ago

Exactly.
The NDC government are here acting like bringing the dollar rate down once, means that it will stay there forever.
That’s a very shortsighted way of managing the economy. They should have prioritized stability ov ...
read full comment

Exactly.
The NDC government are here acting like bringing the dollar rate down once, means that it will stay there forever.
That’s a very shortsighted way of managing the economy. They should have prioritized stability over quick appreciation of the cedi.

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Cedi depreciates further to GH¢10.95 to a dollar on interbank market

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