IMF $80m forex intervention cap strangled cedi between 2022 and 2024 – Dr Bawumia

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Edward 2 days ago

But even that 80m dollars per month, you the same NPP stole the whole money. Thieves

But even that 80m dollars per month, you the same NPP stole the whole money. Thieves
Nana 2 days ago

Do you really understand the topic under discussion? Even Sammy Gyamfi, the so called intelligent in NDC is having problems with Forex Exchange Losses

Do you really understand the topic under discussion? Even Sammy Gyamfi, the so called intelligent in NDC is having problems with Forex Exchange Losses
Benji 2 days ago

And why would the IMF do that? Why don't you tell Ghanaians, because you fuccked the economy, IMF has to come in and restrain you? These NPP bastards are always playing victims.

And why would the IMF do that? Why don't you tell Ghanaians, because you fuccked the economy, IMF has to come in and restrain you? These NPP bastards are always playing victims.
Kukri 2 days ago

He should be telling us why he changed the PDS bank guarantee to an insurance policy!!

He should be telling us why he changed the PDS bank guarantee to an insurance policy!!
Ama 1 day ago

Before you open ur mouth to speak think a little. Do you know that when ndc was exiting power in 2016 they had already gone to the IMF or you think npp is the only one who had.

Before you open ur mouth to speak think a little. Do you know that when ndc was exiting power in 2016 they had already gone to the IMF or you think npp is the only one who had.
Akufo Addo 1 day ago

You too you really need to have a brain for yourself. Who renewed the IMF program in 2020, Is it the NDC? Kwasia baa

You too you really need to have a brain for yourself. Who renewed the IMF program in 2020, Is it the NDC? Kwasia baa
John Mahama 1 day ago

Which party existed from IMF when they took over in 2017? The NPP went back to the IMF because of the covid19 and Russia Ukraine war. Your party NDC led by the useless President John Airbus Mahama went to IMF because of misma ...
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Which party existed from IMF when they took over in 2017? The NPP went back to the IMF because of the covid19 and Russia Ukraine war. Your party NDC led by the useless President John Airbus Mahama went to IMF because of mismanagement of the economy. Please when an issue comes up allowed the brain guys to discusse and stop the fooling.
Chris 1 day ago

Who negotiated and accepted that .

Who negotiated and accepted that .
Ohene 1 day ago

WE are a proud nation. We will never go to the IMF or any other such outfit......... How come the IMF is telling us what to do when KOA said the program was home developed and IMF blessed.

WE are a proud nation. We will never go to the IMF or any other such outfit......... How come the IMF is telling us what to do when KOA said the program was home developed and IMF blessed.
Easy 2 days ago

This man is still talking....Every good thing was proposed by him but he is always running away from the many incompetency of the past government

This man is still talking....Every good thing was proposed by him but he is always running away from the many incompetency of the past government

THE TRUTH 2 days ago

Has Mr Dramani Mahama ever thought of any good thing for Ghana b4 in his life? No wonder he's always caught in international criminal scandals. A Good man definitely don't think of crime

Has Mr Dramani Mahama ever thought of any good thing for Ghana b4 in his life? No wonder he's always caught in international criminal scandals. A Good man definitely don't think of crime
Abugre 2 days ago

Now right reasoninig Ghanaians will have insight into the reason for the cedi's rapid depreciation to gradually appreciating towards the end of 2024.
Thanks for the information.

Now right reasoninig Ghanaians will have insight into the reason for the cedi's rapid depreciation to gradually appreciating towards the end of 2024.
Thanks for the information.
Kwami 2 days ago

Excessive government borrowing led to forex crisis to the point that npp government was barred from further borrowing. There was also massive corruption. These spiralled into the collapse of the economy. You never talk about ...
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Excessive government borrowing led to forex crisis to the point that npp government was barred from further borrowing. There was also massive corruption. These spiralled into the collapse of the economy. You never talk about these, why? You always cried, Mahama was incompetent. Today ghana knows that Bawumia was rather grossly incompetent. Don't disturb our ear. We will not vote for you to bring back incompetence.
John,Tema 2 days ago

@ Kwami
You've the penchant of spreading falsehood. Go and check your facts. Between 2009 - 2016 Ghana borrowed more than the Akuffo Addo's govt. Kufour's experienced HIPC so borrowed around US$9 bn. Atta Mills/Mahama went i ...
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@ Kwami
You've the penchant of spreading falsehood. Go and check your facts. Between 2009 - 2016 Ghana borrowed more than the Akuffo Addo's govt. Kufour's experienced HIPC so borrowed around US$9 bn. Atta Mills/Mahama went in for US $27 bn with Akuffo Addo at US$19 bn.
Koo 2 days ago

See this one too

See this one too
Koo 2 days ago

Go and do your research well between 2009-2016 Government debt rose to Ghc123 billion and between 2017-2024 Akuffo Addo's Gov't Balloned it to over Ghc 600billion that's why there was a limit to borrowing at a point in time. ...
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Go and do your research well between 2009-2016 Government debt rose to Ghc123 billion and between 2017-2024 Akuffo Addo's Gov't Balloned it to over Ghc 600billion that's why there was a limit to borrowing at a point in time. The information is on the internet go and check and come back. So where is did you get your info that Mahama's Gov't borrowed more than Akuffo Addo's Gov't?
Nana 1 day ago

The individual is elucidating the limitations encountered in injecting dollars to stabilize the cedi during their tenure, drawing a comparison to current circumstances.
And people with limited understanding of the dynamics a ...
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The individual is elucidating the limitations encountered in injecting dollars to stabilize the cedi during their tenure, drawing a comparison to current circumstances.
And people with limited understanding of the dynamics are throwing insults left and right.
Hebei, Ghanaians.
hey 1 day ago

Tema man, are you thinking with your anus?

Tema man, are you thinking with your anus?
Robert 2 days ago

Care to explain what this government is doing differently? It inherited same IMF programme plus DDEP.

Care to explain what this government is doing differently? It inherited same IMF programme plus DDEP.
Koo 2 days ago

Ask again bro.

Ask again bro.

Gonja Mafia 1 day ago

Did you understand the passage you read?

Did you understand the passage you read?
John 2 days ago

Ghana got into 2022 economic crisis as a result of excessive borrowing and mismanagement. If not for the IMF program Ghanaians would have been totally wiped out of their living.
IMF actually capped the amount of forex inter ...
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Ghana got into 2022 economic crisis as a result of excessive borrowing and mismanagement. If not for the IMF program Ghanaians would have been totally wiped out of their living.
IMF actually capped the amount of forex intervention because the country was not earning enough; when the country had to accumulated reserves at the same time provide forex liquidity. So it was chicken and egg dilemma. IMF had to capped Ghana's intervention in the forex market so we could also accumulated reserves.
Derek 2 days ago

You people know these štuff & dont push back against them. World bank & IMF are crooks , stop dealing with them. Find alternative sources. Or make friends with somebody else to contract the loam & give it to you in the back ...
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You people know these štuff & dont push back against them. World bank & IMF are crooks , stop dealing with them. Find alternative sources. Or make friends with somebody else to contract the loam & give it to you in the back door
Apoooo 2 days ago

2 questions
1. Do if u didn't have a calling u could have pump dollar like NDC is doing, so why are ur people criticizing it now ? Shame
2. Before IMF, when there was no capping, were we having the dollars to pump and did ...
read full comment

2 questions
1. Do if u didn't have a calling u could have pump dollar like NDC is doing, so why are ur people criticizing it now ? Shame
2. Before IMF, when there was no capping, were we having the dollars to pump and did we ? Lie, lie lie

Last question: so we should vote for u ? Apuuuuuu
Apoooo 2 days ago

2 questions
1. So if u didn't have a capping u could have pump dollar like NDC is doing, so why are ur people criticizing it now ? Shame
2. Before IMF, when there was no capping, were we having the dollars to pump and did w ...
read full comment

2 questions
1. So if u didn't have a capping u could have pump dollar like NDC is doing, so why are ur people criticizing it now ? Shame
2. Before IMF, when there was no capping, were we having the dollars to pump and did we ? Lie, lie lie

Last question: so we should vote for u ? Apuuuuuu

reply
Kk 2 days ago

Ghana should join BRICS. The West is crumbling!

Ghana should join BRICS. The West is crumbling!
Peter 2 days ago

Bawumia, because you don't have the dollar that is why Imf limits it to 80 million dollars per month. In 2024, did bawumia has the dollars and he didn't pump it in the economy? Today ato forson has the dollars that is why he ...
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Bawumia, because you don't have the dollar that is why Imf limits it to 80 million dollars per month. In 2024, did bawumia has the dollars and he didn't pump it in the economy? Today ato forson has the dollars that is why he has exceeded Imf 80 million dollars. Bawumia is an opportunist and always wants to advantage of any good things people have done.
Akufo Addo 2 days ago

Peter don't mind that stupid sisifiaa dancing freak

Peter don't mind that stupid sisifiaa dancing freak
Northern Boy 2 days ago

If a government squanders $8bn in exchange for $80m forex cap by a foreign entity what do you expect? Just do the maths.

If a government squanders $8bn in exchange for $80m forex cap by a foreign entity what do you expect? Just do the maths.
Ataa Kpakpo 1 day ago

This only shows how inadequate and self-serving the efforts and actions of the govt from 2016 to 2024 were. Why was G4O engaging and collaborating with middlemen in UAE etc. Did you not in effect sanction a capping and lack o ...
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This only shows how inadequate and self-serving the efforts and actions of the govt from 2016 to 2024 were. Why was G4O engaging and collaborating with middlemen in UAE etc. Did you not in effect sanction a capping and lack of transparency in gold transactions with those arrangements? What we are witnessing should be a lesson to all so-called property owning democrats. You can joke with your very personal property but once in govt, think about public good and impact rather than your self-serving intentions. Ghanaians are still waiting for your answer to how 23+ billion cedis was used to clean up 9billion in banking sector and citizens did not get their money.

Pee 1 day ago

He is always looking for excuses, he never accepts his faults. Bawumia you failed and Ghana can't be entrusted to your hands again

He is always looking for excuses, he never accepts his faults. Bawumia you failed and Ghana can't be entrusted to your hands again
Reasonable thinking 1 day ago

1. Who went to IMF? You
2. Who negotiated? You
3 who hid the secret from Ghanaians? You
4. Who deceived Ghanaians? You
5.who kept on lying to Ghanaians? you

1. Who went to IMF? You
2. Who negotiated? You
3 who hid the secret from Ghanaians? You
4. Who deceived Ghanaians? You
5.who kept on lying to Ghanaians? you
Justice-One 1 day ago

IMF cap indeed. When the economic fundamentals are wrong the exchange rate will expose you. You got the economy fundamentals wrong, no wonder the exchange rate and inflation. Eventually you defaulted in debt payment and decla ...
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IMF cap indeed. When the economic fundamentals are wrong the exchange rate will expose you. You got the economy fundamentals wrong, no wonder the exchange rate and inflation. Eventually you defaulted in debt payment and declared bankruptcy. Then you punish innocent investors and pensioners with DDEP. If the campaign is starting let us all know sir.
Jonny 1 day ago

And you were sitting there wasting our resources by feeding yourselves while Ghanaians were suffering. What was your innovation and creativity? People like that going around with your chew and pour Doctrine degrees going arou ...
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And you were sitting there wasting our resources by feeding yourselves while Ghanaians were suffering. What was your innovation and creativity? People like that going around with your chew and pour Doctrine degrees going around the country wanted to be president how? Now we have creative and innovative individuals doing miracles instead to show appreciation of what smart people are doing b'cos jealousy you're propagating useless argument.
OPANA 1 day ago

Is he backed to the ECONOMIC lectures? We gave him 8years to drive the economy, then he diverted his course to digital. Now that he is not in power, he has started lectures on the ECONOMY.

Is he backed to the ECONOMIC lectures? We gave him 8years to drive the economy, then he diverted his course to digital. Now that he is not in power, he has started lectures on the ECONOMY.
Kwame Angel 1 day ago

Excuse, excuses, excuses! How much of that did Ken Ofori Atta divert into his own account?

Excuse, excuses, excuses! How much of that did Ken Ofori Atta divert into his own account?
Peter 1 day ago

Dr bawumia is today giving reasons for the cedi crash between 2022 to 2024. But in 2016, when he was lecturing on the economy, he was not prepared to accept ndc reasons then. When the exchange rate was exposing ndc, he couldn ...
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Dr bawumia is today giving reasons for the cedi crash between 2022 to 2024. But in 2016, when he was lecturing on the economy, he was not prepared to accept ndc reasons then. When the exchange rate was exposing ndc, he couldn't provide any solutions. No wonder he crashed the economy and the gold for oil and reserve couldn't save he. Dr. Bawumia couldn't lecture when he was leading the solid team, but today goldbod has given him joy and he wants to claim goldbod.
In 8 years the solid team couldn't solve the economy. In one and a half years, ndc solved it through goldbod.
Hmm 1 day ago

Massa we dont need any explanation now, just give up with the presidency and move on. As long as you are the flagbearer of the NPP they will never come to power.

Massa we dont need any explanation now, just give up with the presidency and move on. As long as you are the flagbearer of the NPP they will never come to power.
hey 1 day ago

YOU ARE LYING

YOU ARE LYING
Dennis 1 day ago

I do not believe him. It was the NPP policies and corruption.

I do not believe him. It was the NPP policies and corruption.
BONGO 17 hours ago

The cedi was declining rapidly long before IMF came in. Which year did your government institute the committee to fight the falling cedi? You lost control long ago.

The cedi was declining rapidly long before IMF came in. Which year did your government institute the committee to fight the falling cedi? You lost control long ago.
Law 7 hours ago

“If the fundamentals are weak, the exchange rate will expose you”

“If the fundamentals are weak, the exchange rate will expose you”

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IMF $80m forex intervention cap strangled cedi between 2022 and 2024 – Dr Bawumia

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