BoG targets UK diaspora to revive falling remittances

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Truth Table 4 days ago

I recommend Jesus to you.
Believe in Him and be saved.
Because He is the Messiah, Prince of Peace, Son of God and everything you need.
........

I recommend Jesus to you.
Believe in Him and be saved.
Because He is the Messiah, Prince of Peace, Son of God and everything you need.
........
Mr Acheampong 4 days ago

Has it occurred to anyone that the new crappy exchange rates are responsible for this decrease? Exporters are going out of business whilst importers are clearing up! If those exporters (not gold, cocoa or oil) fail then when ...
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Has it occurred to anyone that the new crappy exchange rates are responsible for this decrease? Exporters are going out of business whilst importers are clearing up! If those exporters (not gold, cocoa or oil) fail then when the oil price crashes along with the gold price and declining cocoa production where will government find the foreign exchange for those importers?
JESUS IS GOD 4 days ago

Come to Me, all who are weary”— Matthew 11:28
Bring your burden to Jesus; He will give you rest and new life.

Come to Me, all who are weary”— Matthew 11:28
Bring your burden to Jesus; He will give you rest and new life.
Fireman 3 days ago

Order sense and I will pay for the delivery...

Order sense and I will pay for the delivery...
Damon 3 days ago

I dont get this export fallout issue with cedi appreciation. When the cedi collapsed in 2022, where was the proceeds of export to support the economy. Within 6 months in 2022 the cedi fell from 1/6 to 1/17 to the dollar. How ...
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I dont get this export fallout issue with cedi appreciation. When the cedi collapsed in 2022, where was the proceeds of export to support the economy. Within 6 months in 2022 the cedi fell from 1/6 to 1/17 to the dollar. How did the cedi increase in export proceeds not neutralise the unprecedented hardship in the past 4 years. Which people are exporting? Do the export proceeds actually come back to Ghana.
M.T 2 days ago

What a funny BoG governor! You can't eat your cake and still have it. If the cedi was stronger due to prudent economic management you wouldn't worry about foreign remittances. This exposes the deep flaw in the cedi management ...
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What a funny BoG governor! You can't eat your cake and still have it. If the cedi was stronger due to prudent economic management you wouldn't worry about foreign remittances. This exposes the deep flaw in the cedi management some of us have been echoing right from the beginning of this doped cedi appreciation. Cedi appreciation is good only if it's done the proper way. The top-bottom approach will never work well. Bottom-up approach is the way to go. Until BoG stops pumping money and address the 'Elephant in the house" they will continue chasing remittances in vain.
Hmm 4 days ago

The shame of it! You drive expensive cars, take overpriced flights to sit in front of the people you could not provide for to ask for the little they left. All because you mistakenly assume growth for development.

The shame of it! You drive expensive cars, take overpriced flights to sit in front of the people you could not provide for to ask for the little they left. All because you mistakenly assume growth for development.
Fireman 3 days ago

You can move to Madagascar. Didn't the short ape do worse than this and where were you

You can move to Madagascar. Didn't the short ape do worse than this and where were you
ST GHFUO: Ghana leaders, cleanliness is Godliness 4 days ago

Expect more declines and more ghppl coming back voluntarily or throught self or forced deportations. There are no jobs unless you resort to do menial, cleaning work. Ai, robotics and technology are taking over most jobs, this ...
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Expect more declines and more ghppl coming back voluntarily or throught self or forced deportations. There are no jobs unless you resort to do menial, cleaning work. Ai, robotics and technology are taking over most jobs, this is impacting layoffs and firings, shareholder returns n very soon most citizens will be getting a monthly living allowance from the government. As a result of all.these you can see why remittances from the west will drop. This is the time for gh leaders to employ HONEST public service officials n ministers to be serious about investing in infrastructure, building the country. you CAN NOT BUULD A BETTER GHANA WITH THIEVES AND DISHONEST PEOPLE
Francis Mccarthy. UK 4 days ago

The BOG has know control over that. We in the UK have our responsibilities as well. Why rely so heavily on our remittances?

The BOG has know control over that. We in the UK have our responsibilities as well. Why rely so heavily on our remittances?

Dr who 4 days ago

Ghana possesses abundant natural resources including gold, oil, natural gas, bauxite, manganese, timber, and cocoa, yet relies heavily on diaspora remittances exceeding $6.5 billion annually.cost of living in UK is the main c ...
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Ghana possesses abundant natural resources including gold, oil, natural gas, bauxite, manganese, timber, and cocoa, yet relies heavily on diaspora remittances exceeding $6.5 billion annually.cost of living in UK is the main concern.
Wise Man. 4 days ago

Mr governor no one asked you to dropped the cedi under 12 cedis to a dollar and by doing this dont expect the hard working diasporains to give you the remittance you want.No body will do that and now you are feeling it so do ...
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Mr governor no one asked you to dropped the cedi under 12 cedis to a dollar and by doing this dont expect the hard working diasporains to give you the remittance you want.No body will do that and now you are feeling it so do something on it.
Wiseman 4 days ago

Hi Governor, please allow us to deposit our foreign currency into our local accounts.
Thanks

Hi Governor, please allow us to deposit our foreign currency into our local accounts.
Thanks
Jerry New York 4 days ago

It’s a shame they ur hard earned money u can’t deposit it in Ghana bank for the country to benefit, Then u take it back to the country that u came from from. The best way forward show the bank how u got the money and do t ...
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It’s a shame they ur hard earned money u can’t deposit it in Ghana bank for the country to benefit, Then u take it back to the country that u came from from. The best way forward show the bank how u got the money and do the same when you’re making redraw with the same pp book u intend to proved
Kojois 4 days ago

Who will send money for this stupid guy will misused it. Empty heads

Who will send money for this stupid guy will misused it. Empty heads
Agbeli Kumordziì 3 days ago

When Rawlings was then president of Ghana you see those noise pollution akans claimed they had money in Overseas but will not bring the money to Ghana until Jerry left office
For so many years Jerry left Ghana we don't see n ...
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When Rawlings was then president of Ghana you see those noise pollution akans claimed they had money in Overseas but will not bring the money to Ghana until Jerry left office
For so many years Jerry left Ghana we don't see no money from then
Empty barrels making noise
Prekese 3 days ago

Those empty barrels you are talking about used their moneys for businesses as well as estate development, as you can see

Those empty barrels you are talking about used their moneys for businesses as well as estate development, as you can see
Remittance through Momo 3 days ago

Remittance through Momo should be check as it will affect out remittance inflow if not properly monitored

Remittance through Momo should be check as it will affect out remittance inflow if not properly monitored
Kyekyeku 3 days ago

Do you need remittances ? Goldbod will ro all the work.

Do you need remittances ? Goldbod will ro all the work.
RASTA BANGI 3 days ago

IT'S DUE TO THE LOW EXCHANGE RATE, KEEP THE RATE AT A BALANCE AND THE REMITTANCES WILL FLOW.
ALSO PRICE OF GOODS NOT REDUCING SO IF YOU ARE BUILDING AND YOU SEND FOREX CHANGED AT A LOW RATE AND PRICES OF BUILDING MATERIALS ...
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IT'S DUE TO THE LOW EXCHANGE RATE, KEEP THE RATE AT A BALANCE AND THE REMITTANCES WILL FLOW.
ALSO PRICE OF GOODS NOT REDUCING SO IF YOU ARE BUILDING AND YOU SEND FOREX CHANGED AT A LOW RATE AND PRICES OF BUILDING MATERIALS NOT REDUCING IT DOESN'T MAKE SENSE.

Kojois 2 days ago

Joker. Who will waste his time send money to your useless govt. Do you think Akans are fools. Second class people ruling first class people. Never again.

Joker. Who will waste his time send money to your useless govt. Do you think Akans are fools. Second class people ruling first class people. Never again.
Former President 2 days ago

Well try letting the cedis fall to it's correct level of GHc 21 to 1 pound and see tge difference

Well try letting the cedis fall to it's correct level of GHc 21 to 1 pound and see tge difference
Mr Acheampong 2 days ago

If these inflows are 'vital' then why regularly pump money into the forex market to 'stabilise the Cedi'? If the Cedi were allowed to float then exports could bring in the forex (they do little now because the exchange rate i ...
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If these inflows are 'vital' then why regularly pump money into the forex market to 'stabilise the Cedi'? If the Cedi were allowed to float then exports could bring in the forex (they do little now because the exchange rate is false and uneconomic) and remittances would increase again. This fantasy of a ten Cedi dollar is kept alive only by continually intervention of the BoG and is not sustainable in the long term or even the medium term. Currently the Ggana economy has shifted to cheap imports and declining exports from traditional markets.

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BoG targets UK diaspora to revive falling remittances

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