Gideon Boako defends Bawumia’s claim over $80m monthly FX intervention cap

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KB 2 days ago

And what happened to the exchange rate

And what happened to the exchange rate
T 2 days ago

What also happened after John Mahama had pumped US$12 bn onto the Mkt? Which job did it create & how come inflation rate is 3% but prices are going up? IMF knew what they are talking about.

What also happened after John Mahama had pumped US$12 bn onto the Mkt? Which job did it create & how come inflation rate is 3% but prices are going up? IMF knew what they are talking about.
KB 2 days ago

You dont understand the economic benefit of economic stability. You will be one of those who prefers Ghana card to 1,000 Road infrastructure. No need to argue with you.

You dont understand the economic benefit of economic stability. You will be one of those who prefers Ghana card to 1,000 Road infrastructure. No need to argue with you.
Banker 1on1 2 days ago

OK, who is trying to be smarter? Here is an exquisite explanation of the FX intervention cap that all these phds are sweating to explain to look well informed and sharp! Hmmm!!!!!!

The International Monetary Fund (IMF) doe ...
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OK, who is trying to be smarter? Here is an exquisite explanation of the FX intervention cap that all these phds are sweating to explain to look well informed and sharp! Hmmm!!!!!!

The International Monetary Fund (IMF) does not have a single, universal "cap" or numerical ceiling on foreign exchange (FX) intervention that applies to all countries. Instead, the IMF approaches exchange rate management and FX interventions on a case-by-case basis depending on a country's specific lending program, economic framework, and vulnerabilities.
Why the Concept of an "IMF FX Cap" Arises
Specific limits or caps on foreign exchange interventions typically emerge as country-specific structural benchmarks or performance criteria embedded within individual IMF financial assistance programs (such as Extended Fund Facility arrangements).
For example: Reserve Accumulation Strategies:
When a country faces a severe balance-of-payments crisis, high inflation, and rapidly depleting international reserves, the IMF often sets program targets requiring the central bank to accumulate a minimum level of net international reserves (NIR).Limiting Deficit Spending/Market Defending: To prevent a central bank from burning through its scarce foreign reserves trying to artificially prop up an overvalued currency, the IMF program may restrict discretionary FX sales.
Recent Context (e.g., Ghana): Discussions surrounding intervention caps frequently make news headlines in countries undergoing IMF bailouts. For instance, public debates in countries like Ghana highlighted how specific program parameters (such as monthly limits on central bank FX market interventions) were implemented to safeguard reserve targets before being phased out once reserves recovered.
General IMF Principles on FX Interventions
Rather than imposing rigid global caps, the IMF's policy framework (such as its Integrated Policy Framework and guidelines on official interventions) generally advises that:
Flexibility is Preferred: Floating exchange rates should ideally act as the primary shock absorber against external economic pressures.
Interventions Should Be Limited:
FX market interventions should generally be reserved for addressing disorderly market conditions or excessive short-term volatility, rather than trying to fight fundamental, long-term trends driven by macroeconomic imbalances. Safeguarding Reserves:
Program countries must align their market interventions with agreed-upon reserve accumulation targets to ensure long-term debt sustainability and financial stability.
Kay 2 days ago

Lessons on Forex Exchange Mgt from NDC Foolish Soldiers Propaganda University. Do you know that Dr Gideon Boako was an Economics lecturer of KNUST, where Ato Forson went and bought his PhD?

Lessons on Forex Exchange Mgt from NDC Foolish Soldiers Propaganda University. Do you know that Dr Gideon Boako was an Economics lecturer of KNUST, where Ato Forson went and bought his PhD?
Kelly 2 days ago

we all know Boako isn't intelligent

we all know Boako isn't intelligent
Peter 2 days ago

Dr boako, you complained about IMF capping but practice capping on GETFUND, DACF and NHIS, etc.

Dr boako, you complained about IMF capping but practice capping on GETFUND, DACF and NHIS, etc.
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HAPPY DAYS 2 days ago

KB,if you don't understand keep your ignorance to yourself and let others be.

KB,if you don't understand keep your ignorance to yourself and let others be.
Professor Me I don’t know koraa 2 days ago

And yet those who purport to know it all and are not ignoramus themselves can only write 13 words in a sentence to show their own ineptitude…jandam paa niee ?

And yet those who purport to know it all and are not ignoramus themselves can only write 13 words in a sentence to show their own ineptitude…jandam paa niee ?

Professor Me I don’t know koraa 2 days ago

Happy Days… either show up or shut up! KB is trying to educate you here! ..and you could not issue a proper rebuttal other than show your own ignorance..tweaaa!,

Happy Days… either show up or shut up! KB is trying to educate you here! ..and you could not issue a proper rebuttal other than show your own ignorance..tweaaa!,
KB 2 days ago

I understand Macro economic stability than your entire educated family members combined.

I understand Macro economic stability than your entire educated family members combined.
Kelly 2 days ago

Another foolish boy holding a Phd without wisdom

Another foolish boy holding a Phd without wisdom
Matete 2 days ago

SAMMY GYAMFI IS A NIGHTMARE TO THE NPP PARTY
. A PROPER THORN ON THE FLESH OF THE NPP PARTY.
SAMMY GYAMFI IS TRULY A NATIONAL ASSET AND DESTINED FOR GREATNESS TO THE BENEFIT OF ALL GHANAIANS. LETS HELP HIM BUILD THE ECONOM ...
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SAMMY GYAMFI IS A NIGHTMARE TO THE NPP PARTY
. A PROPER THORN ON THE FLESH OF THE NPP PARTY.
SAMMY GYAMFI IS TRULY A NATIONAL ASSET AND DESTINED FOR GREATNESS TO THE BENEFIT OF ALL GHANAIANS. LETS HELP HIM BUILD THE ECONOMY DEVOID OF PARTY COLOURS. THE PRESENT GOVERNMENT IS RESETTING THE ECONOMY TO THE BENEFIT OF THE WHOLE COUNTRY
Raph 2 days ago

Complete hogwash.

Complete hogwash.

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Gideon Boako defends Bawumia’s claim over $80m monthly FX intervention cap

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