Economist questions BoG's 'obsession' with a strong cedi

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• Uncle 1 month ago

  Strong cedi is very good for civil servants whose salaries are very very low relative to the dollar. Please, allow the cedi to rise in value, wae. Let Ghanaian salary worker also brief small. The suffering is too much.

  Strong cedi is very good for civil servants whose salaries are very very low relative to the dollar. Please, allow the cedi to rise in value, wae. Let Ghanaian salary worker also brief small. The suffering is too much.

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• .mr amin 1 month ago

  I have no words to describe this useless so called economist don't forget the cedi was 4 ghc before, the cedi is key to the economy always making too much noise we should use our gold to support the cedi so that the people wi ...
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  I have no words to describe this useless so called economist don't forget the cedi was 4 ghc before, the cedi is key to the economy always making too much noise we should use our gold to support the cedi so that the people will benefit
  Useless so called prof, its a constitutional duty for the BoG to protect the value of the cedi so shut up useless prof enemies of progress

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• Farming 1 month ago

  Buy your catfish Juveniles from us with as little as 2 cedis per fish to start your business and also get free guidance and training to help you succeed, we also have fish feed and tanks available on sale. 0265583388
  ,../; ...
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  Buy your catfish Juveniles from us with as little as 2 cedis per fish to start your business and also get free guidance and training to help you succeed, we also have fish feed and tanks available on sale. 0265583388
  ,../;-/:

  reply
• 54321 1 month ago

  guys, you have misunderstood the prof. a strong cedi must be accompanied by real growth of the economy. it makes no sense to prop up the cedi from time to time in order to record "numbers". That money is simply swallowed up a ...
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  guys, you have misunderstood the prof. a strong cedi must be accompanied by real growth of the economy. it makes no sense to prop up the cedi from time to time in order to record "numbers". That money is simply swallowed up and produces no tangible jobs or growth.
  are you aware that due to these interventions,the GRA is making serious losses?
  are businesses reducing prices when the cedi dropped from 13gh to 10gh to the dollar?
  They won't reduce the prices of goods because they know its artificial and won't last.
  Just last week, it traded 10gh to the dollar. today its 11.80gh to the dollar. so what was the import of the intervention. its "floating" back to its normal distribution curve.

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• Jak 1 month ago

  My friend, it's reflecting in the price of fuel I'm buying. It's also reflecting on the amount of cedis I have to use to pay my foreign currency denominated school fees. Cedi has always depreciated, yet we never got business ...
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  My friend, it's reflecting in the price of fuel I'm buying. It's also reflecting on the amount of cedis I have to use to pay my foreign currency denominated school fees. Cedi has always depreciated, yet we never got businesses creating the jobs you guys are theorising about. Can we just have some peace from you guys?

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• Kwadwo 1 month ago

  Some of you guys I really don't know if it is kerosene that runs through your brains.
  
  You have fall into the stupidity of the NDC populist style of governance.
  The money being pumped into the system could have been used ...
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  Some of you guys I really don't know if it is kerosene that runs through your brains.
  
  You have fall into the stupidity of the NDC populist style of governance.
  The money being pumped into the system could have been used to develop the real sector of the economy and in the long run beneficial to the citizens.

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• .mr amin 1 month ago

  Jak you have said it all, kwadwo I disagree with you, there is no way you can develop with a weak currency so we need appreciation that will boost our purchasing power to create jobs

  Jak you have said it all, kwadwo I disagree with you, there is no way you can develop with a weak currency so we need appreciation that will boost our purchasing power to create jobs

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• James Amewudah 1 month ago

  You are right, my country man. Let's have strong Ghanaian cedi for the benefit of Ghanaians in Ghana. I mean, the poor salary worker without fat allowances and other benefits. We are really suffering. We need some respite. Ab ...
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  You are right, my country man. Let's have strong Ghanaian cedi for the benefit of Ghanaians in Ghana. I mean, the poor salary worker without fat allowances and other benefits. We are really suffering. We need some respite. Abaa.

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• Ka 1 month ago

  Mr. Economist,
  
  Do you know that the wicked traders always blame the weak cedi for their greed and wickedness?
  
  Maybe you can understand now.

  Mr. Economist,
  
  Do you know that the wicked traders always blame the weak cedi for their greed and wickedness?
  
  Maybe you can understand now.

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• Francis Boateng 1 month ago

  Prof, it was one of their campaign promises, so though you are talking sense, they will not listen to you.Amount of dollars used to prop up the cedi could have been used to build about three factories to employ the teeming- ...
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  Prof, it was one of their campaign promises, so though you are talking sense, they will not listen to you.Amount of dollars used to prop up the cedi could have been used to build about three factories to employ the teeming- jobless youth..Very soon the dollars will get finished and the exchange rate will go up again.The Governer is being told what to do by his boss; he cannot think freely.Ir maybe he is a square peg in a round hole.

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• Ka 1 month ago

  Yes, Boateng is your name indeed.

  Yes, Boateng is your name indeed.

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• Nsia 1 month ago

  @Boateng, can you check how a small country such as Tunisia maintains a strong currency?

  @Boateng, can you check how a small country such as Tunisia maintains a strong currency?

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• Kwadwo 1 month ago

  Another idiot who doesn't think
  How can you even compare Ghana to Tunisia
  ??

  Another idiot who doesn't think
  How can you even compare Ghana to Tunisia
  ??

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• Cuntiki 1 month ago

  What is this bitch saying?
  If the cedi weakens against the dollar problem,if the cedi now strengthens against the dollar it’s also a problem?

  What is this bitch saying?
  If the cedi weakens against the dollar problem,if the cedi now strengthens against the dollar it’s also a problem?

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• Analyst 1 month ago

  So is this expert, economist saying that, when the value of the cedi was in a free fall in recent times, that was good for business? It's very strange that an expert rather is saying the BoG should just be a passive spectator ...
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  So is this expert, economist saying that, when the value of the cedi was in a free fall in recent times, that was good for business? It's very strange that an expert rather is saying the BoG should just be a passive spectator in how the cedi fares.
  What such experts fail to understand is that, the BoG's intervention is the result of how the economy is performing and it's wrong to describe this as artificial intervention. For instance, there's nothing artificial about the fact that, Ghana's gold or foreign exchange reserves increasing highly – that is indeed a true reflection of the economy and this is what the value of the cedi must show.
  I hope the BoG never listens to such experts who can afford to criticise whatever the situation is as a bad thing.

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• .mr amin 1 month ago

  Yes bro you said it all BoG should not listen to these enemies of progress

  Yes bro you said it all BoG should not listen to these enemies of progress

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• Louis 1 month ago

  I am surprised at Bopkins lecture. Look, a relatively strong cedi will automatically reduce our foreign debt ratio. Business groups will have more dollars for imports in sectors where we are disadvantaged. Nation wreckers wil ...
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  I am surprised at Bopkins lecture. Look, a relatively strong cedi will automatically reduce our foreign debt ratio. Business groups will have more dollars for imports in sectors where we are disadvantaged. Nation wreckers will find no solace in hoarding dollars. What is Bopkin saying? Volatility in the cedi-dollar ration? Bopkin should tell us where this situation is constant. Why is he saying the government is taking pride in maintaining a high cedi level relative to the cedi? The appreciation of the cedi has been gradual and stable and this is good for economic expansion. Bawumia came from the classroom, propounded theories and quoted economists but performed woefully poor. There is a gab between textbook theories which are based on constant factors and
  real life situations. At any rate, the government is not taking pride in its achievement at the expense of creation of jobs. Has Bobkin heard of the initiative of 24 hour economy? Does his data really say things are getting worse? He rather sounds like those little NPP politicians who tell us things were better when they were in power. Enough of this. If you really have something encouraging to say, get your views to the appropriate authorities and stop this propaganda of politics in the media.

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• COD 1 month ago

  @ Louis: That poorly-baked economist prefers a more useless cedi out there for such a consuming and import oriented economy like ours.
  Who trained him?

  @ Louis: That poorly-baked economist prefers a more useless cedi out there for such a consuming and import oriented economy like ours.
  Who trained him?

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• Strong cedis should be accompanied by price reductions . 1 month ago

  Then it makes sense . For now you have to change 30% more dollars to buy the same amount of cement.
  Countries quarrel over the devaluation of their currencies.

  Then it makes sense . For now you have to change 30% more dollars to buy the same amount of cement.
  Countries quarrel over the devaluation of their currencies.

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• Hannan 1 month ago

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  reply
• Torpedo 1 month ago

  Dick heads NDC supporters didn't get what the professor said. I lived in Canada and for the past fifteen years 1 bag of cement in ghana has been 10 Canadian dollars, Now with the so called strong cedi it is about 20 Canadian ...
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  Dick heads NDC supporters didn't get what the professor said. I lived in Canada and for the past fifteen years 1 bag of cement in ghana has been 10 Canadian dollars, Now with the so called strong cedi it is about 20 Canadian.
  Now I have stop the project i was doing and the workers are now idle, So what's the benefits of the strong cedi to ghanians

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• Kk 1 month ago

  How did you get to Canada in the first place? Avukoklo

  How did you get to Canada in the first place? Avukoklo

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• Jak 1 month ago

  The benefit is that the majority of us in Ghana are happy. The value of our cedi denominated salaries has been maintained over time now without instead of losing it to forex-induced inflation. We, the majority living in Ghana ...
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  The benefit is that the majority of us in Ghana are happy. The value of our cedi denominated salaries has been maintained over time now without instead of losing it to forex-induced inflation. We, the majority living in Ghana are better placed to start our own building projects without waiting for your likes. You can keep your coins

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• 3rdEye 1 month ago

  Torpedo.
  It seems like your brains have been torpedoed by your stupidity. How much was a bag of cement under the recent past NPP government and how much is it now?!
  
  Wo y3 nipa bi aa wo nni nyansa baako mpo.
  
  Gyimini! Th ...
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  Torpedo.
  It seems like your brains have been torpedoed by your stupidity. How much was a bag of cement under the recent past NPP government and how much is it now?!
  
  Wo y3 nipa bi aa wo nni nyansa baako mpo.
  
  Gyimini! The 15 years you supposedly lived in Canada, was from what year to what year? For, I can see you are the only person who is buying a bag of cement at 153GH (20 CAN$).
  
  What a big fool you are! You, a blind fool calling sighted people dick heads and lieing through your teeth because a Ballheaded twerp/book economist in the person of Bopkin is spewing senselessness so he would remain in the media and trend.
  
  Even IMF applauds the BoG for strengthening the cedi and fools like you want the cedi to depreciate bolster the foolish unrealistic and solicited spewings of Bopkin?!
  
  How was the economy growing when 1 dollar was 17 Cedis? Were u able to buy a bag of cement at 10CAN$.
  
  Ahh! W'agyimini paaa!

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• Divine 1 month ago

  Are you sure you are normal? Because of your Canadian dollar majority of Ghanaians should suffer? You can decide to stop your building. That's your own headache

  Are you sure you are normal? Because of your Canadian dollar majority of Ghanaians should suffer? You can decide to stop your building. That's your own headache

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• Rastonto 1 month ago

  Sometimes these book economists who have never run an economy are really interesting. So the government should leave the dollar at 17 cedis, which will in turn keep fuel prices close to 20 cedis per litre. In such a scenario ...
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  Sometimes these book economists who have never run an economy are really interesting. So the government should leave the dollar at 17 cedis, which will in turn keep fuel prices close to 20 cedis per litre. In such a scenario inflation will be high, workers will demandmore money from government, external debt will baloon. What will be the cost to the government.The good professor should come again

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• Kwaku 1 month ago

  Prof, you are right this time. Your public discourse in the past has been poor as an economist. The government has since Jan to date pumped more than US 4.0 billion dollars to put exchange rate below ghc11 per dollar. This a ...
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  Prof, you are right this time. Your public discourse in the past has been poor as an economist. The government has since Jan to date pumped more than US 4.0 billion dollars to put exchange rate below ghc11 per dollar. This amount could have built railway from Accra to Ouagadougou. Listen to Prof.

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• Jak 1 month ago

  Is that your understanding? Warped analysis

  Is that your understanding? Warped analysis

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• Pius 1 month ago

  I do like your submissions on major national issues. But you're talking too much this time prof. A strong cedi is good for the meantime whilst the economic mess is being fixed.

  I do like your submissions on major national issues. But you're talking too much this time prof. A strong cedi is good for the meantime whilst the economic mess is being fixed.

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• TT 1 month ago

  This man is talking too much. If it goes up, you will talk, if it comes down too, you have problem with it. You want the central bank to watch unconcerned without doing anything so that it gets out of the roof? Have you thoug ...
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  This man is talking too much. If it goes up, you will talk, if it comes down too, you have problem with it. You want the central bank to watch unconcerned without doing anything so that it gets out of the roof? Have you thought of how much debt we are cutting off as a result of the appreciation of the cedi? Recently fuel prices were reduced, do you know it economic implications? Masa invest your knowledge in some business, that will benefit us much than the regular criticism

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• Wala 1 month ago

  The reserves BoG is accumulating are not for accumulation sake, u need it to be able to intervene when the need arises. The importer needs dollars and that's not free, it's at a cost. So definitely someone must provide the do ...
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  The reserves BoG is accumulating are not for accumulation sake, u need it to be able to intervene when the need arises. The importer needs dollars and that's not free, it's at a cost. So definitely someone must provide the dollar bcos the importer needs it. Mr Economist know this and know peace, the governor is NOT burning reserves. Pls give us a break.

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• Menz 1 month ago

  Listen to his foolish analysis. Who cares about businesses and investors? We are talking about lowering prices of basic household commodities so that Ghanaians can afford a descent living and you are here foolishly talking ab ...
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  Listen to his foolish analysis. Who cares about businesses and investors? We are talking about lowering prices of basic household commodities so that Ghanaians can afford a descent living and you are here foolishly talking about businesses and investors? Are the interests of those businesses and investors above those of the ordinary Ghanaian? Idiot.

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• Boat. 1 month ago

  Let them brag. As soon as the US shutdown is opened and her Trade War with China is resulted, investor confidence will pick and the dollar will start to rise. Instead of BOG observe this trend they keep pumping cedis into the ...
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  Let them brag. As soon as the US shutdown is opened and her Trade War with China is resulted, investor confidence will pick and the dollar will start to rise. Instead of BOG observe this trend they keep pumping cedis into the system when the dollar is falling. A rise in Tesla shares alone can weaken our Cedi within a week.

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• Ka 1 month ago

  Until then.

  Until then.

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• Joshua 1 month ago

  We have heard from you what businesses and the diaspora want. But what we, Ghanaians, want is low inflation and affordable goods. Thank you, Mr. "too known" professor.

  We have heard from you what businesses and the diaspora want. But what we, Ghanaians, want is low inflation and affordable goods. Thank you, Mr. "too known" professor.

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• Doug 1 month ago

  He has criticized just about every economic policy or remedy. Every economy strives to be strong and resilient. I wonder what he wants

  He has criticized just about every economic policy or remedy. Every economy strives to be strong and resilient. I wonder what he wants

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• Agyeman 1 month ago

  ITS AMAZING A WHOLE PROF CANNOT SEE THROUGH THESE SETTINGS BY THESE GUYS. I. STEALING CEDIS TO BUY CHEAP $sTO BUY GOLD. MANY THINK NDC WILL WIN 2028 SO BUYING DOLLARS TO FLOOD THE BLACK MARKET BUT LIE LIE NIGEL'S PROPHECY WIL ...
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  ITS AMAZING A WHOLE PROF CANNOT SEE THROUGH THESE SETTINGS BY THESE GUYS. I. STEALING CEDIS TO BUY CHEAP $sTO BUY GOLD. MANY THINK NDC WILL WIN 2028 SO BUYING DOLLARS TO FLOOD THE BLACK MARKET BUT LIE LIE NIGEL'S PROPHECY WILL COME TO PASS....... INDEED THE SHADOWS ARE CASTING ON THE SPIRITUAL REALM

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• Kwame Peter 1 month ago

  Prof is talking about jobs creation and manufacturing for export,this is what will provide sustainable stability for the cedi.Prices of goods and services are still high because our economy is imports dependent and importers ...
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  Prof is talking about jobs creation and manufacturing for export,this is what will provide sustainable stability for the cedi.Prices of goods and services are still high because our economy is imports dependent and importers buy foreign currencies at black market rates not the BOG announced artificial rates.The dollars pumped into the economy are simply carried across our borders in capital flights. What the Prof said is not for the shallow minded fed on propaganda.

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• .mr amin 1 month ago

  Kwame petter I disagree when the cedi was 4 ghc did the manufacturers crested the needed jobs, with a strong cedi we can import cheap machinery to restructure the economy

  Kwame petter I disagree when the cedi was 4 ghc did the manufacturers crested the needed jobs, with a strong cedi we can import cheap machinery to restructure the economy

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• KKX 1 month ago

  Ato Forson, you listen to these NPP/IMF economist at your own peril. China didn't listen to them but rather intervened in the market to control the currency to levels they desired all the time and today they're a world super ...
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  Ato Forson, you listen to these NPP/IMF economist at your own peril. China didn't listen to them but rather intervened in the market to control the currency to levels they desired all the time and today they're a world super power! IMF and it's allied fake economist are only interested in countries keeping clean books so they can pay back their IMF and partner loans. Nothing less!

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• Erick 1 month ago

  Please don't listen to this guy. Ww have seen his kind Dr Bawumiah. Talk talk and theory, you give them the work they can't perform. Allow BOG to work we like it like this. Kudos BOG

  Please don't listen to this guy. Ww have seen his kind Dr Bawumiah. Talk talk and theory, you give them the work they can't perform. Allow BOG to work we like it like this. Kudos BOG

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• African Political Analyst 1 month ago

  One reason why M. Ghadaffi was targeted and elimatated was his strong hand in controlling the exchange rate! You take 4 USdollar to get one Lybia dinar! The cedis must return to 4 cedis to the US dollar as it was in 2016 ! Pa ...
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  One reason why M. Ghadaffi was targeted and elimatated was his strong hand in controlling the exchange rate! You take 4 USdollar to get one Lybia dinar! The cedis must return to 4 cedis to the US dollar as it was in 2016 ! Part of the reset Agenda!

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• Chris 1 month ago

  Mr Economist,a strong cedi gives the government several advantages, government is the major purchaser of goods and services. A weak cedi means government will need more money to pay for the same goods and services which erode ...
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  Mr Economist,a strong cedi gives the government several advantages, government is the major purchaser of goods and services. A weak cedi means government will need more money to pay for the same goods and services which erodes any gains from high import taxes due to a weak cedi. Government collects more and pays more. Workers like you benefit from the appreciation of their salaries, a big bargaining chip for government when it comes to salary negotiations etc. Government needs to manage it's payments to producers like cocoa farmers and I think we are good to go.

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• Fred 1 month ago

  Good. I just like people who are courageous enough to speak their minds. The Economy is not moving the way we want it. Focus should not always be on incessant efforts to stabilize the Cedi, otherwise bleak future would be the ...
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  Good. I just like people who are courageous enough to speak their minds. The Economy is not moving the way we want it. Focus should not always be on incessant efforts to stabilize the Cedi, otherwise bleak future would be the result, thank you

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• Cambodia88 1 month ago

  Prof Bokpin, since when did you and your colleagues realizes that strong cedi isn't good for the economy.? How many of you academics said same thing against former president Kuffour, Nana Addo and the npp when they went on th ...
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  Prof Bokpin, since when did you and your colleagues realizes that strong cedi isn't good for the economy.? How many of you academics said same thing against former president Kuffour, Nana Addo and the npp when they went on their reckless mode introduce the redenomination of the cedi and started talking about socalled one cedi, one dollar, strong cedi etc.?
  Why keep sacrificing academic integrity and honesty on the alter of politics and partisanship ?
  You people must exercise strong balls and stay within your training and conviction to enable you remain focus and consistent on your belief and professional conviction and not pander and become flip flop for politicians to play ball with..

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