Cedi strengthens sharply as dollar rate drops below GH¢11.10

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Prince 1 week ago

For how long can the government continue to pump dollars into the system. Maybe I am not thinking right.
If it is just pumping for it to go 'waste', why can't they use that money on something important like road, hospitals, ...
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For how long can the government continue to pump dollars into the system. Maybe I am not thinking right.
If it is just pumping for it to go 'waste', why can't they use that money on something important like road, hospitals, in fact employ the nurses who are crying.

Someone should educate me
OLABODI 1 week ago

BLEEDING IS ALLOWED. YOU WANT TO USE THE GOVERNMENT'S DOWNFALL FOR POLITICAL CAMPAIGN. SORRY YOU WONT GET IT. GO AND LOOK FOR A JOB. THIS COUNTRY WILL NOT ALLOW CRIMINALS TO WIN POWER AGAIN. TELL OFORI ATTA TO COME BACK TO GH ...
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BLEEDING IS ALLOWED. YOU WANT TO USE THE GOVERNMENT'S DOWNFALL FOR POLITICAL CAMPAIGN. SORRY YOU WONT GET IT. GO AND LOOK FOR A JOB. THIS COUNTRY WILL NOT ALLOW CRIMINALS TO WIN POWER AGAIN. TELL OFORI ATTA TO COME BACK TO GHANA.
Osei Bonsu 1 week ago

We have heard you. When importing from china, we will find diferrent containers.

We have heard you. When importing from china, we will find diferrent containers.
The Cross 1 week ago

Better than borrowing with high rate of interest. GoG, keep working harder.

Better than borrowing with high rate of interest. GoG, keep working harder.
Fulani Fulani 1 week ago

NPP is dazed. The truth of the matter is that they secretly wished they have done like the NDC is doing now. Akufo Addo was at a rally saying 1cedi 1 dollar, one kenkey 2cedis. The money under the table has sweet them. Howev ...
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NPP is dazed. The truth of the matter is that they secretly wished they have done like the NDC is doing now. Akufo Addo was at a rally saying 1cedi 1 dollar, one kenkey 2cedis. The money under the table has sweet them. However, Desperate fool kotokoli Bawumia wants to come and chop more into his bloated kwashiokor stomach . He thinks we are fools
Prince 1 week ago

The that was pump into the economy is not free,is just making it available so that when company and business men and women need it they will bring cedis and exchange it for the dollars at the rate is been trading now and is a ...
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The that was pump into the economy is not free,is just making it available so that when company and business men and women need it they will bring cedis and exchange it for the dollars at the rate is been trading now and is allowed and part of managing an economy.bcos your npp people are not teaching you exchange rate trading you just opened your mouth speak by heart bcos they know you npp supported has shallow mind and thinking for we in the ndc we are well focus.
mr amin 1 week ago

Good, more vim

Good, more vim
Mike 1 week ago

For as long as you continue being stupid

For as long as you continue being stupid
Isaac 1 week ago

If you come from America with $10, and you need cedis to use in Ghana, and I give 100gh from my savings, and take your $10. and put it in my dollar savings account, would you say I wasted my 100gh or would you say you wasted ...
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If you come from America with $10, and you need cedis to use in Ghana, and I give 100gh from my savings, and take your $10. and put it in my dollar savings account, would you say I wasted my 100gh or would you say you wasted your $10?
Kobi 1 week ago

Yes you need serous education. When they say government is pumping dollars into the system. It doesnt mean the government dashes people with dollars. Get some education. It just simply means the banks exchange cedis for the g ...
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Yes you need serous education. When they say government is pumping dollars into the system. It doesnt mean the government dashes people with dollars. Get some education. It just simply means the banks exchange cedis for the government dollars. So that same money which is now in cedis can be used to fix roads. That is why all roads are being fixed in the country.

Herman 1 week ago

Am just waiting for
24 hour 1 33
ORAL
Jobs Jobs Jobs
Komenda Sugar factory

Am just waiting for
24 hour 1 33
ORAL
Jobs Jobs Jobs
Komenda Sugar factory
Kobi 1 week ago

Dont worry as soon as Ken Ofori Atta comes with the stolen money, and we retrieve the stolen money from Wontumi, we will do the 24 hr economy for you.

Dont worry as soon as Ken Ofori Atta comes with the stolen money, and we retrieve the stolen money from Wontumi, we will do the 24 hr economy for you.
Osei Bonsu 1 week ago

When oil drops to 62 dollars again after USA-Iran sign the peace deal.this weekend, then Bawumia will see that he is a uaeless economist who cannot mount a campaign platform to talk about the economy ever agaon.

When oil drops to 62 dollars again after USA-Iran sign the peace deal.this weekend, then Bawumia will see that he is a uaeless economist who cannot mount a campaign platform to talk about the economy ever agaon.
Juvenal Urbino 1 week ago

Say what? Cedi didn’t strengthen by any stretch of the imagination. Rather, it was artificially and corruptly inflated by pumping $1.2 billion into the Forex Reserve. Shame, shame, shame!!! Wouldn’t be surprised if the go ...
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Say what? Cedi didn’t strengthen by any stretch of the imagination. Rather, it was artificially and corruptly inflated by pumping $1.2 billion into the Forex Reserve. Shame, shame, shame!!! Wouldn’t be surprised if the governor of BoG is someday prosecuted for wasting taxpayers resources.
Isaac 1 week ago

The fiduciary duty of a central bank is make sure the currency is stable. To do that, they save money. In our case we save dollars. Then when people with cedis want to go do foreign trade, the central bank takes their cedis, ...
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The fiduciary duty of a central bank is make sure the currency is stable. To do that, they save money. In our case we save dollars. Then when people with cedis want to go do foreign trade, the central bank takes their cedis, in exchange for the saved dollars so they can go and trade in foreign lands who do not accept cedis. So truly the central bank is helping traders. Another way to look at it is that if your brother gets admission to a school in America you can't go to America and pay cedis. So you can ask a friend in America who needs cedis in Ghana to take your cedis or pay your brother's fees in dollars in America so you give him cedis when he is in Ghana. The exchange helps both of you. That's how you have to see the Central Bank
Oforikrom 1 week ago

@ Juvenal Urbino. NPP orchestrating to parade an ntafo Bawumia as their flag bearer to show that they are not an Akan party is ARTIFICIAL. Not the dollar

@ Juvenal Urbino. NPP orchestrating to parade an ntafo Bawumia as their flag bearer to show that they are not an Akan party is ARTIFICIAL. Not the dollar
Francis 1 week ago

I think we need to come down
They know what’s best for the country .

I think we need to come down
They know what’s best for the country .
SA 1 week ago

It is very good to see the Ghana Cedi appreciating, for if you have a weak currency you have no country, it is that simple, nothing else to talk about. We need to look at the fundamentals, the structures that support a strong ...
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It is very good to see the Ghana Cedi appreciating, for if you have a weak currency you have no country, it is that simple, nothing else to talk about. We need to look at the fundamentals, the structures that support a stronger currency, mainly, not renewing the Tarkwa Goldfields Limited mining lease next year and taking it back inhouse, BOG policies alone cannot completely make the Cedi a strong currency. The truth is our useless leaders over the past 50 years knows the reason why the Cedi is always depreciating, but they will hide behind BOG and do nothing, the answer is for them to stop signing stupid and corrupt leases all over the place to give our minerals away for nothing, where billions of dollars are repatrated every 4 months to these foreign investors home countries, counter productive, and also borrowing monies all over the places, which we have to pay back in foreign currency, the US Dollar. Our weak, useless, abusive, liars, corrupt and evil presidents over the past 50 years are our problem, and the people causing abject poverty in Ghana and always destroying the economy.
Accountability 1 week ago

Ghanaians should demand accountability of the money pumped into the system to strenghen the currency.
* What life changing impact is it having on ordinary Ghanaian who is working on the street and the market place.
* Since ...
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Ghanaians should demand accountability of the money pumped into the system to strenghen the currency.
* What life changing impact is it having on ordinary Ghanaian who is working on the street and the market place.
* Since NDC came into power, how much has been used used so far to strengthen the cedi? People will open their mouth wide of how money is being wasted.

We will all payback in other means if care is not taken. Bank of Ghana is proving to the world of doing a good job but we are digging our own grave.

*** Don't look rich in the sight of people while you are still struggling to survive.
Niionii 1 week ago

How are we developing , when we could develop the country with all these interventions. We've pumped so much which could have built several hospitals and schools. Meanwhile, prices are still high. The traders are milking t ...
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How are we developing , when we could develop the country with all these interventions. We've pumped so much which could have built several hospitals and schools. Meanwhile, prices are still high. The traders are milking the state. We are not benefitting that much from higher cedi to the dollar. We need development huh

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Cedi strengthens sharply as dollar rate drops below GH¢11.10

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