Gold price surge may slow amid central bank moves - Edward Koranteng

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• AS FOR GHANA, OUR FUCKING THIEVING FREELOADING LEADERS ARE PLAIN USELESS. AND HIGHLY IRRESPONSIBLE. 1 month ago

  THE GHANA CEDI "9-DAY WONDER" PERFORMANCE WILL CONTINUE IF GHANA'S CLUELESS FREELOADING LEADERS DO NOT LEARN FROM THE WEALTHY TAX-FREE GULF ARAB STATES' STRATEGIC ECONOMIC MANAGEMENT MODELS.
  
  THE STRANGE ASPECT OF IT ALL IS ...
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  THE GHANA CEDI "9-DAY WONDER" PERFORMANCE WILL CONTINUE IF GHANA'S CLUELESS FREELOADING LEADERS DO NOT LEARN FROM THE WEALTHY TAX-FREE GULF ARAB STATES' STRATEGIC ECONOMIC MANAGEMENT MODELS.
  
  THE STRANGE ASPECT OF IT ALL IS MAHAMA HAS BEEN A FREQUENT VISITOR TO THESE WEALTHY TAX-FREE GULF ARAB STATES FOR DECADES. SO MAHAMA HAS SEEN HOW TRANSFORMATIVE THE GULF ARAB LEADERS HAVE BEEN SINCE THEY ALL DISCOVERED HYDROCARBONS DEPOSITS JUST ABOUT 4 DECADES AGO WHEN THEY STARTED DRILLING FOR OIL AND ADDING VALUE TO THE THEIR CRUDE OIL AND OTHER EXPORT PRODUCTS. NOW, THEY'VE SEEN MARKET RED FLAGS SO THEY'VE AGGRESSIVELY DIVERSIFIED THE ECONOMIES AWAY FROM REFINED HYDROCARBONS AND THEIR BYPRODUCTS EXPORT REVENUES GENERATION.
  
  DOES MAHAMA LEARN ANY ECONOMIC COMMON SENSE FROM HIS FREQUENT VISITS TO THE GCC STATES OF TAX-FREE WEALTHY SAUDI ARABIA, QATAR, THE UAE, BAHRAIN. ETC? OBVIOUSLY NOT!
  
  THESE ARAB STATES DO NOT HAVE INLAND WATER BODIES FOR CONSTRUCTING HYDRO-ELECTRIC DAMS BUT THEY HAVE NO SUCH PROBLEMS AS THE "DUMSOR" OR THE UNRELIABLE ELECTRICITY/WATER SUPPLY BULLSHIT WE HAVE IN GHANA. ALSO ENERGY TARIFFS IN THE GULF ARE AS CHEAP AS THEIR PETROLEUM PRODUCTS.
  
  IN THE ARAB GULF STATES, ONE LITRE OF PREMIUM PETROL 90-95 OCTANE RATING IS 1.95 RIYALS OR LESS THAN US$2 (TWO USD) ACROSS ALL THE GULF STATES.
  
  MEANWHILE IN HOPELESS LOW-PAY GHANA, ONE LITRE OF SHELL PREMIUM PETROL (IF NOT ADULTERATED) IS A WHOPPING GHc12.89 (US$1.18) IN AN ECONOMY WHICH PAYS CONSTRUCTION LABOURERS LESS THAN US$300 PER CALENDAR MONTH.
  
  COMMON LABOURERS IN THE TAX-FREE GULF STATES SUCH AS QATAR, KSA, UAE TAKE HOME MORE THAN US$1,000 (ONE THOUSAND USD) PER CALENDAR MONTH EXCLUDING OVERTIME.
  
  IN GHANA, A GHANAIAN MANAGER WOULD BE LUCKY TO TAKE HOME EVEN USD600.00 PER MONTH. IN ADDITION, THE QATAR LABOURER GETS FREE FURNISHED HOUSING, FOOD, TRANSPORT TO AND FROM WORK IN ACCORDANCE WITH THE STRICTLY ENFORCED LABOUR LAWS OVER THERE.
  
  PITTA BREAD AND LOAF BREAD COST NEXT TO NOTHING IN THEIR BEAUTIFUL CLEAN TIDY STATE-OF-THE-ART SHOPPING MALLS. 12 PIECES OF VERY LARGE FRESH PITTA BREAD IS ONE RIYAL. ONE BIG TASTY LOAF BREAD IS 30-50 DIRHAMS (LESS THAN ONE RIYAL).
  
  PLUS, THE GULF ARABS HAVE NO DUMSOR, COOKING GAS AND WATER SHORTAGES LIKE WHAT WE HAVE IN BANKRUPTED "SHITHOLE" GHANA.
  
  ONE USD EQUALS 3.65 RIYALS AND 1 GBP = 6 RIYALS, SO 1 LITRE OF PREMIUM PETROL IN SAUDI, QATAR AND THE UAE IS LESS THAN US$2 (TWO USD). THIS HAS BEEN THE CASE FOR DECADES BECAUSE THEIR CURRENCIES ARE TIED TO THE ABOVE USD AT FIXED FOREX RATES.
  
  QATARIS AND SAUDIS DO NOT PAY FOR ELECTRICITY AND WATER, SO A FOREIGN TENANT PAYS FOR NONE OF THOSE TO AN INDEGENOUS LANDLORD.
  
  PLUS, A WORKER COULD EASILY WALK INTO A FOREX PLACE AND CONVERT THOUSANDS OF RIYALS TO USD OR EURO OR GBP WITH NO PROBLEM.
  
  SO, AS FOR GHANA, OUR FUCKING THIEVING FREELOADING LEADERS ARE JUST "JAGUAR JOKERS".

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• Abugre 1 month ago

  Please, can you come again. You wrote a litre of premium petrol is less than $2. In Ghana, presently, a litre of premium petrol is about 12.75 cedis which is less than $2. So what is the difference then?
  I should add that we ...
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  Please, can you come again. You wrote a litre of premium petrol is less than $2. In Ghana, presently, a litre of premium petrol is about 12.75 cedis which is less than $2. So what is the difference then?
  I should add that we are enjoying these petroleum price now because of the drop in world oil prices.

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• Former President 1 month ago

  What planet are you on? Gold fell by 1% yesterday costing Ghana $32 million. Crap policies.

  What planet are you on? Gold fell by 1% yesterday costing Ghana $32 million. Crap policies.

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• .mr amin 1 month ago

  We want the cedi to be strong with a good purchasing power that all we need, a weak currency means weak people, weak economy, weak institution, weak productions level, weak employment, the cedi problem is the mother of all th ...
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  We want the cedi to be strong with a good purchasing power that all we need, a weak currency means weak people, weak economy, weak institution, weak productions level, weak employment, the cedi problem is the mother of all the challenges we face

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• 3dem 1 month ago

  Mtcheeeeeeerwŵwwwww he knew this but had nothing to show for all the time he was in charge at MIIF... MTCHEEEEEEERWŴWWWWW

  Mtcheeeeeeerwŵwwwww he knew this but had nothing to show for all the time he was in charge at MIIF... MTCHEEEEEEERWŴWWWWW

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