Cedi stages major comeback in October after third-quarter decline

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• JESUS IS GOD 1 month ago

  Jesus Christ loves you and wants to save you from sin and its consequences. 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 ...
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  Jesus Christ loves you and wants to save you from sin and its consequences. 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)..knvgt

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• Kwasi 1 month ago

  Ghana is not the only country that has a floating rate currency. That means the cedi exchange rate changes in response to market forces, especially the value of the dollar or gold.
  But it is the country that is wasting its ...
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  Ghana is not the only country that has a floating rate currency. That means the cedi exchange rate changes in response to market forces, especially the value of the dollar or gold.
  But it is the country that is wasting its financial resources to support and defend the currency. No other country wastes its time to make its country's exchange rate everyday headline. Please remember that the cedi is only a local currency and only importers and exporters need to worry about the rate. There if the government has good economic advisers, they should guide it to invest the dollars in developing the infrastructure of the country. Releasing dollars to the market to depreciate the value of the US dollar to cause the cedi to appreciate is a short-term solution.
  Since this practice started the local prices have not been affected. Nothing has changed in the local market. Only the seasonal weather has effect on prices of goods.
  The lower dollar exchange rate deters Ghanaians outside the country from remitting funds to Ghana. It is not because they not patriotic, but it disturbs our budget. We have to send more £Sterling/US $ /€ Euros, to meet the needs of our loved ones.
  But the question is: how much foreign reserves does Ghana hold to continue to play games. And for how long?
  Let us learn and use our resources wisely instead of pleasing a section of the people. Yes, pleasing. Because when more dollars are released in the economy the rich and connected people buy and hoard them. They do not help the ordinary people.
  Everyone needs to benefit from the foreign currency reserves of the country.

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• Erasmus Agyenim Boating 1 month ago

  Exactly my point.Once you release our reserves into the market, the Cedi will appreciate but this does not ease the suffering of the ordinary Ghanaian because prices of imported items will remain the same.Since the beginning ...
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  Exactly my point.Once you release our reserves into the market, the Cedi will appreciate but this does not ease the suffering of the ordinary Ghanaian because prices of imported items will remain the same.Since the beginning of the year,the Cedi has appreciated about three times but the cost of drugs has consistently remained the same.

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• .mr amin 1 month ago

  Kwssi and Erasmus I disagree with your assession are you saying BoG should keep the dollars and allow Ghanaians to suffer, it is a constitutional duty to the BoG to protect the value of the cedi, it is in the constitution, do ...
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  Kwssi and Erasmus I disagree with your assession are you saying BoG should keep the dollars and allow Ghanaians to suffer, it is a constitutional duty to the BoG to protect the value of the cedi, it is in the constitution, don't forget now we have the Goldbod

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• Od 1 month ago

  You were happy when things were getting hard but baba God no go forsake us

  You were happy when things were getting hard but baba God no go forsake us

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• Ewvevi 1 month ago

  Of what use is this so-called comeback when prices are still on the ascendancy? What a useless comeback. Tweea. Ghana. No no no no.

  Of what use is this so-called comeback when prices are still on the ascendancy? What a useless comeback. Tweea. Ghana. No no no no.

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• Opk fast money 1 month ago

  Cedis has back so what food prices and transportation are the same so what is meaning of Cedis has come back to the pockets of Ministers yes not in the states o
  of Ghana

  Cedis has back so what food prices and transportation are the same so what is meaning of Cedis has come back to the pockets of Ministers yes not in the states o
  of Ghana

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• Hannan 1 month ago

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• Jack Sparrow 1 month ago

  Tell ur abosey okain traders to reduce their prices bcs they reduced their prices when nana addo took office without dollar depreciation nyaatwum

  Tell ur abosey okain traders to reduce their prices bcs they reduced their prices when nana addo took office without dollar depreciation nyaatwum

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