The falling value of the cedi

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DAN 11 years ago

STOP BORROWING MORE THAN YOU CAN REPAY..WHEN YOU INCOME IS LOWER THAN YOU OUTFLOW TO BILLS YOU ARE BANKRUPT...yOU STOP GIVING RAISES,YOU STOP HIRING PEOPLE,yOU STOP GETTING LOANS AND APPLY FOR GRANTS INSTEAD..yOU AUDIT ALL DE ...
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STOP BORROWING MORE THAN YOU CAN REPAY..WHEN YOU INCOME IS LOWER THAN YOU OUTFLOW TO BILLS YOU ARE BANKRUPT...yOU STOP GIVING RAISES,YOU STOP HIRING PEOPLE,yOU STOP GETTING LOANS AND APPLY FOR GRANTS INSTEAD..yOU AUDIT ALL DEPARTMENTS TO SEE WHERE THE MONEY IS GOING...tHATS WHAT WRONG WITH GHANA..OIL THAT COULD BE SOLD ON SPOT MARKET AND MAX PRICES IS USED A COLLATERAL FOR CHINA LOANS..THE SALES OF OIL BRINGS IN $1 BILLION DOLLARS FOR EVERY TANKER FULL..HOW MUCH COCOA AND PLANTAINS MUST BE SOLD TO MAKE $1 BILLION DOLLARS?????
S. YAKUBU 11 years ago

I wonder why Ghanaians beat about the bush while the truth is glaring. The country is where it is because of NDC looting syndycate that goes on every day. Imagine ministers and other top Government officials frequently taking ...
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I wonder why Ghanaians beat about the bush while the truth is glaring. The country is where it is because of NDC looting syndycate that goes on every day. Imagine ministers and other top Government officials frequently taking their girlfriends overseas to enjoy in expensive hotels as well as for shopping spree. Some have been buying houses and cars for these girls. Where are they getting the money from? The country has again become lawless with nobody in control. The blame lies on the doorstep of Afari Gyan and Atuguba who also took bribes from Mahama.
ZoRRo 11 years ago

So far as we rely on these greedy bastard politicians to solve the economic problem, it won't be solved. For the politicians are immuned from the chaos, and sometimes benefit from it.

So far as we rely on these greedy bastard politicians to solve the economic problem, it won't be solved. For the politicians are immuned from the chaos, and sometimes benefit from it.
kpata 11 years ago

When Kufuor short up the cedi my first question was what do we have to support the currency? Now my fears are coming true. Chinese currency is between 7-8 to the dollar. what in the world can the cedi be par to the Canadian d ...
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When Kufuor short up the cedi my first question was what do we have to support the currency? Now my fears are coming true. Chinese currency is between 7-8 to the dollar. what in the world can the cedi be par to the Canadian dollar? Nobody will invest in Ghana with that currency with no trade support. Who was the finance minister at the time? The real idiots were the NPP government.
Klutse 11 years ago

You idiot don't understand the way
currencies are indexed for you to talk about why the cedi is valued more than the Chinese money.

"When Kuffour short out the money"

You dumb illiterate, what do you mean by the above ...
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You idiot don't understand the way
currencies are indexed for you to talk about why the cedi is valued more than the Chinese money.

"When Kuffour short out the money"

You dumb illiterate, what do you mean by the above ? The cedi kept its value to the dollar when Kuffour was the President. It has been more than five years since Ndc came to power and you are still blaming Kuffour. You are a fool.
kpata 11 years ago

haahaha.. you are the illiterate cos anybody can shoot their currency but how do you support it? Go back to school and study some basic economy then come and argue but meanwhile you are just an idiot like them. Cedi valued th ...
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haahaha.. you are the illiterate cos anybody can shoot their currency but how do you support it? Go back to school and study some basic economy then come and argue but meanwhile you are just an idiot like them. Cedi valued than the Canadian dollar? Go figure
Kwasi Ntiamoah 11 years ago

when the NPP government removed the zeros on the cedi, what economic measures were put in place the shore up the currency? Nothing. This is exactly what the economic wizard in Kuffour administration did. Now we are experienci ...
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when the NPP government removed the zeros on the cedi, what economic measures were put in place the shore up the currency? Nothing. This is exactly what the economic wizard in Kuffour administration did. Now we are experiencing the end result of the mess, and they blame the govt.
Temp 11 years ago

Let Ghanaians keep quite and suffer. This bunch are clueless.

Let Ghanaians keep quite and suffer. This bunch are clueless.
Mansah 11 years ago

Ghanaians will suffer for long, they have no clue.

Ghanaians will suffer for long, they have no clue.
Kakraba Cromwell 11 years ago

I am very impressed with your article.
I hope the appropriate bodies would listen to your advice

I am very impressed with your article.
I hope the appropriate bodies would listen to your advice

USMAN 11 years ago

Our leaders have been given the mandate to act for our common good but nay, they are rather confused on the job. Our useless university graduates, in authority, mostly from Legon, have been conjuring heaven and earth as the o ...
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Our leaders have been given the mandate to act for our common good but nay, they are rather confused on the job. Our useless university graduates, in authority, mostly from Legon, have been conjuring heaven and earth as the only antidote to arrest the fall of the cedi but the more they strain their spleen the more the good for nothing cedi keeps falling. Look, the solution to this problem is as simple as ABCD and I will give only one scenario out a thousand. A British university, Coventry University, is in Ghana offering MSc degree for HND graduates at a cost of 5000 British Pounds using Ghanaian lecturers and Ghana Government buildings. They have centers in Koforidua, Accra, Kumasi and Takoradi and their classrooms are always filled to capacity. This same programme can be offered by our local universities at a fifth of that amount in the local currency but empty pride will not allow them to do so. So now you can see who is causing the devaluation of our cedi. This is one out of a thousand. Have you also considered the ACCA-ICA gap. More to come later.
Amankwah 11 years ago

This article contains workable proposed solution. I hope someone is going to take it up. Great piece of work. God bless you.

This article contains workable proposed solution. I hope someone is going to take it up. Great piece of work. God bless you.
Joshua 11 years ago

The incompetence of Mahama and his team has been revealed. Mahama and his government should bow down their Heads in shame. Tweaaaaaa.. Akomfem Socialism government.

The incompetence of Mahama and his team has been revealed. Mahama and his government should bow down their Heads in shame. Tweaaaaaa.. Akomfem Socialism government.
Ntikuma 11 years ago

Trade liberalization started under the Kufuor administration so you can't honestly blame the NDC for that. The biggest NDC crime was the destruction and looting of over 300 Nkrumah enterprises meant to produce what we consume ...
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Trade liberalization started under the Kufuor administration so you can't honestly blame the NDC for that. The biggest NDC crime was the destruction and looting of over 300 Nkrumah enterprises meant to produce what we consume (import substitution). Today we are all suffering from the curse of what P/NDC did in the 90's.
Kwasi Ntiamoah 11 years ago

Removing zeros from the cedi and boast that your currency has equal value as the dollar is so myopic an economic measure. How can a country who professes to be highly indebted would have a currency that will equal the dollar ...
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Removing zeros from the cedi and boast that your currency has equal value as the dollar is so myopic an economic measure. How can a country who professes to be highly indebted would have a currency that will equal the dollar in value? We are now seeing the effect of that stupid economic policy

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The falling value of the cedi

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