Free fall of Cedi: Cabinet endorses BoG directives

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USA 11 years ago

PLEASE DO SO

PLEASE DO SO
insight to the bone 11 years ago

now is the time to show these gold mines who is in charge . if they can not invest or keep the money in the country they should be given their exit papers and all . if mahama does this he will be forgiven and we shall support ...
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now is the time to show these gold mines who is in charge . if they can not invest or keep the money in the country they should be given their exit papers and all . if mahama does this he will be forgiven and we shall support him .we can not have our own industry and resources being used to undermine the economy . its time to act decisively
Kwame Ghamfi 11 years ago

My Dear Friend, The Gold mines will pack up and go to Mali or Burkina or Ivory Coast and you will be in charge of gallamsey mines who dont pay tax. This is the time for experienced thinkers which the government is lacking. Th ...
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My Dear Friend, The Gold mines will pack up and go to Mali or Burkina or Ivory Coast and you will be in charge of gallamsey mines who dont pay tax. This is the time for experienced thinkers which the government is lacking. They are killing the economy.
DER-GBAALE 11 years ago

But how is it that when NDC is in power we experience the free fall of the Cedi. Kufuor in spite of all redenominated the cedi and this held for all the time NPP was in goernment. How is it that this time around with NDC the ...
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But how is it that when NDC is in power we experience the free fall of the Cedi. Kufuor in spite of all redenominated the cedi and this held for all the time NPP was in goernment. How is it that this time around with NDC the cedi experiencing once again a free fall. This Government must be doing something with the currency. Well 206 is just at the corner. NDC risks losing my votes and the votes of my entire household
Mawunyega 11 years ago

The people of Ghana must meet God halway if they want economic success. All God is asking for is: "My children, please vote and appoint competent people to lead you and I will do the rest".

The people of Ghana must meet God halway if they want economic success. All God is asking for is: "My children, please vote and appoint competent people to lead you and I will do the rest".
KWAKU SEI 11 years ago

SINCE THE SUPREME COURT VERDICT WHEN ATIGUBA COULD NOT READ ACCURATELY THE JUDGEMENT, CONFIDENCE IS LOST.
State agencies to fully support WHAT?
Obviously Confidence is lost in the leadership all over.
BLAME OUR SUPREME CO ...
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SINCE THE SUPREME COURT VERDICT WHEN ATIGUBA COULD NOT READ ACCURATELY THE JUDGEMENT, CONFIDENCE IS LOST.
State agencies to fully support WHAT?
Obviously Confidence is lost in the leadership all over.
BLAME OUR SUPREME COURT LED BY ATIGUBA AND ASK FOR GOD'S GUIDANCE.
OLD SOLDIER 11 years ago

Prez. Mahama is clueless and stupid. After killing Prez. Mills they don't know what to do JJ is quiet. I blame the stupid justice Atubuga.

Prez. Mahama is clueless and stupid. After killing Prez. Mills they don't know what to do JJ is quiet. I blame the stupid justice Atubuga.
GHFUO, be serious & change ur MENtali 11 years ago

HOW DO YOU MAKE GH MORE ECONOMICALLY COMPETITIVE, U ASK?
A/upgrade and improve infrastructure: road systems,airports, ports, the entire infrastructure, and IT infrastructure IN GH IS LAGGING. IMAGINE THE JOBS THIS WILL CREAT ...
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HOW DO YOU MAKE GH MORE ECONOMICALLY COMPETITIVE, U ASK?
A/upgrade and improve infrastructure: road systems,airports, ports, the entire infrastructure, and IT infrastructure IN GH IS LAGGING. IMAGINE THE JOBS THIS WILL CREATE FOR ALL THESE YOUTHS?
B/R&D:research and development being carried out within GH. GOVT MUST PROVIDE R&D tax credit for all companies who OPERATE/HVE operations within GH.
C/CORPORATE TAX BREAKS TO MULTINATIONALS WHO WISH TO USE GH AS THEIR HEADQUARTERS TO DO BUSINESS. THIS WILL HELP GH REMAIN globally engaged through trade and investment ACTIVIITES.
D/OFFER MORE CASH SAVINGS INCENTIVES FOR THE PPL OF GH THRU THE BANKS, MEDIA. DO THIS THRU FINANCIAL LITERACY CAMPAIGNS, CASH SAVINGS STRATEGIES WITH INTEREST E.G TFSA, RRSP, MUTUAL FUNDS, GIC'S, STOCKS/GSX ETC
E/FACTORIES: TURN MORE RAW MATERIALS TO FINISHED GOODS FOR EXPORT. IMPORT LESS.
IF GH WANTS TO RESOLVE ITS BUDGET DEFICIT, CHANGE THE MACROECONOMIC VARIABLES OF CONSUMPTION AND SAVINGS.
STRENGHTEN COMMERCE FACTORS SURROUNDING THE ECONOMY SO THAT THEY INDIRECTLY AFFECT THE POSITIVE STRENGTH OF THE CEDI. RATHER THAN TAKING SPECIFIC CEDI REVAMP MEASURES
F/I THINK ITS TIME THE BOG AND THE MIN OF FINACE MADE THIS ILLEGAL. IF YOU ACEPT FOREIGN CURRENCY AS LEGAL TENDER IN EXCHANGE FOR GOODS OR SERVICES IN GH. YOU THE ACCEPTEE MUST BE ARRESTED AND MUST SPEND AT LEAST 3MTHS IN JAIL,PLUS A FINE OF TRIPLE THE AMOUNT OF FOREIGN EXCHANGE YOU ACCEPTED.
THIS ALONE WILL CAUSE BUSINESSES LIKE HOTELS ETC FROM ACCEPTING OR PRICING IN DOLLARS OR ANY NON GH CURRENCY. THIS INCLUDES CHURCES TOO...LOL
KUTU ACHEAMPONG RAWLINGS 11 years ago

Have we not travelled this road to economic doom before??

Somebody opens a FOREX account and places his DOLLAR cash in the banking system, for use by the banks till he needs the cash.
NOW THE STATE WANT TO CONFISCATE THAT ...
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Have we not travelled this road to economic doom before??

Somebody opens a FOREX account and places his DOLLAR cash in the banking system, for use by the banks till he needs the cash.
NOW THE STATE WANT TO CONFISCATE THAT CASH. IS THIS FAIR AND JUST? WILL THIS ENCOURAGE PEOPLE TO BRING IN THEIR DOLLARS AND PUT WHATEVER THEY HAVE IN THE FORMAL BANKING SYSTEM????????
Ritewing 11 years ago

what happened to the off shore banking system put into being by the previous government? it was meant to encourage Ghanaians and non Ghanaians to invest their convertible currencies in the economy of Ghana. And thereby, shore ...
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what happened to the off shore banking system put into being by the previous government? it was meant to encourage Ghanaians and non Ghanaians to invest their convertible currencies in the economy of Ghana. And thereby, shore up the local cedi.
is the scheme still in operation?

manchester 11 years ago

Only your votes that NDC wont get. Some of your NPP are now joining the NDC bcos you don't have plan B. CPP is long dead and burried, very soon it will be NPP. You don't have a flagbearer and talking of winning the eclection. ...
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Only your votes that NDC wont get. Some of your NPP are now joining the NDC bcos you don't have plan B. CPP is long dead and burried, very soon it will be NPP. You don't have a flagbearer and talking of winning the eclection. Was K4 hotel waawaa from his pocket. All politicians are thieves. NPP is no better than any other party once they are Ghanaians.
BottomBitch(BB) 11 years ago

All other COSMETIC changes would delay the recovery, hence prolonging the stability period. As we DEBATE the financial situation of the economy, the 'investors' are well positioned to take advantage of the artificial make-ove ...
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All other COSMETIC changes would delay the recovery, hence prolonging the stability period. As we DEBATE the financial situation of the economy, the 'investors' are well positioned to take advantage of the artificial make-over, and Ghana loses in the end. Allow the CEDI to respond to its own LEVEL, where by, it takes off the unnecessary SLACKS.
Anonymous Coward 11 years ago

Too much talk talk. Tweaaaaaaaaa.

Too much talk talk. Tweaaaaaaaaa.
Any idea? 11 years ago

insight suggested something. You criticised it. What do YOU suggest, Gyamfi?

insight suggested something. You criticised it. What do YOU suggest, Gyamfi?
OBURONIBA FITAFITA 11 years ago

While Anita DESOOSO thinks black magic is responsible for the decline, the water minister claims Mahama cant do anything about it because it is written in the bible a quran that the end is near and the fall is symptomatic. An ...
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While Anita DESOOSO thinks black magic is responsible for the decline, the water minister claims Mahama cant do anything about it because it is written in the bible a quran that the end is near and the fall is symptomatic. Another prophet saays he can command the cedi to rise.

I say production is the answer to all our economic woes.

The government must buy production machines, train machinists, designers, CNC programmers and choose products to manufacture. We can manufacture almost anything we depend upon and export them to others for their money. Lets try it folks. I can give step by step guidelines . These ministers are at a loss.
JOBLINKS 11 years ago

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WE HAVE VACANCIES FOR POSITIONS LISTED BELOW:
IN ACCRA.

WAITRESSES
WAITERS
COOKS,
SALES CLERKS
HOUSE-KEEPERS,
HOUSE HELPS,
SECURITY MEN / WOMEN,
FEMALE OFFICE CLERKS,
DRIVERS
Kitchen assistance,
FOR JOBS IN ACCRA.
ALSO WE HAVE SOME VACANCIES ABROAD,IN THE U.A.E. AND IN THE CITY OF SAIDA - LEBANON
FOR:
SECURITY OFFICER - MALE/FEMALE
HOUSE KEEPERS ( FEMALE ONLY FOR NOW )
CALL NOW FOR A SWIFT PROCESS.
020 222 9363
057 400 3936
Kweku 11 years ago

Did you actually read the directives? It doesn't say they cannot expatriate funds at all. If so how could they import or pay for services outside of Ghana? It said that for this interim period both individuals and businesses ...
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Did you actually read the directives? It doesn't say they cannot expatriate funds at all. If so how could they import or pay for services outside of Ghana? It said that for this interim period both individuals and businesses with foreign and or forex accounts are disallowed from CASH withdrawals exceeding $10,000 at go. That means they can still withdraw not more than $10,000 per minute! However, foreign transaction exceeding $10,000 is not prohibited. How could this actually solve the permanent chronic forex problems that emanated from irresponsible economic policies?
manchester 11 years ago

Nonsense always blaming Mahama but not K4. How much was dollar/pound to cedi when he was in power? Was it 1 ghana cedi? When Acheampong was in power how much was it? Don't forget we are not going backwards. Before and during ...
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Nonsense always blaming Mahama but not K4. How much was dollar/pound to cedi when he was in power? Was it 1 ghana cedi? When Acheampong was in power how much was it? Don't forget we are not going backwards. Before and during K4's time we were importing rice, sugar and oil so why saying this nonsense you will forgive Mahama. Ghana will continue to import these items till thy kingdom come because yoy want basmatic rice, and olive oil. Have you forgiven K4 for spending milions of dollars to award himself gold medals? The cedi is not strong to compete the pound or dollars. Was NPP exporting or importing. Shut up and tell your NPP to look for flagbearer to challenge the NDC else you will regret. Ahsnati/Akyim infighting will not win NPP the 2016 election.
OTCHERE DARKO 11 years ago

Cabinet is a "pack of fools"!!

No doubt, cabinet has endorsed BoG directives.

Cabinet is a "pack of fools"!!

No doubt, cabinet has endorsed BoG directives.
dan 11 years ago

IF THEY WANTED TO STOP THE CD FROM FURTHER FALLING ,THEY SHULD OFF TEACH MAHAMA THE DUMMEY HOW ECONOMY WORKS AND THAT, WHEN THE ECONOMY IS IN THE GUTTER NO ONE SHULD RAISE VAT,ILLEGAL FEES AND TAXES ON FALKS. DOING SO ON ...
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IF THEY WANTED TO STOP THE CD FROM FURTHER FALLING ,THEY SHULD OFF TEACH MAHAMA THE DUMMEY HOW ECONOMY WORKS AND THAT, WHEN THE ECONOMY IS IN THE GUTTER NO ONE SHULD RAISE VAT,ILLEGAL FEES AND TAXES ON FALKS. DOING SO ONLY CHOKE AND SLOW DOWN THE ECONOMY AND MAKE BUSNISS LAY OFF PEOPLE AND CUT COSTS RATHER THEN HIRE PEOPLE AND MOVE FORWARD.

Voice of Reason 11 years ago

BRIBING STUDENTS(WITH LAPTOPS)BRIBING UNIVERSITY GIRLS(WITH CARS)BRIBING AHENFO(WITH V8s)BRIBING AFARI DJAN(WITH $M)BRIBING ATUGUBA($M).....AND YET? SO ONE MAY ASK WHY 'I WANT TO BE PRESIDENT AT ALL COST'.....IF AT THE END OF ...
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BRIBING STUDENTS(WITH LAPTOPS)BRIBING UNIVERSITY GIRLS(WITH CARS)BRIBING AHENFO(WITH V8s)BRIBING AFARI DJAN(WITH $M)BRIBING ATUGUBA($M).....AND YET? SO ONE MAY ASK WHY 'I WANT TO BE PRESIDENT AT ALL COST'.....IF AT THE END OF THE DAY YOU CANNOT DELIVER.....IS IT JUST TO MAKE IT INTO THE HISTORY BOOKS OR TO AMASS WEALTH OR BOTH?
KINGSTON TOWN 11 years ago

Are you sure this Azonto President can deliver? I am not quite sure. We seem to be in a sinking boat.

Are you sure this Azonto President can deliver? I am not quite sure. We seem to be in a sinking boat.
US Spy 11 years ago

I wish the cedi will fall to GHc 1million to a $1

I wish the cedi will fall to GHc 1million to a $1
BOB CAT 11 years ago

AND WHAT DO YOU GAIN AS A GHANAIAN?YOU WILL COME TO GHANA WITH YOUR DOLLARS AND MELT THEM INTO THAT COCOA LEAVES SO BECAREFUL OF YOUR COMMENTS

AND WHAT DO YOU GAIN AS A GHANAIAN?YOU WILL COME TO GHANA WITH YOUR DOLLARS AND MELT THEM INTO THAT COCOA LEAVES SO BECAREFUL OF YOUR COMMENTS
US Spy 11 years ago

The Mahama & His NDC looters will lose all their loot they have stolen, They have squeezed Ghanaians to a point of no return and they can't go on withing killing them, It is their ill gotten gains being diluted

The Mahama & His NDC looters will lose all their loot they have stolen, They have squeezed Ghanaians to a point of no return and they can't go on withing killing them, It is their ill gotten gains being diluted
ASUNNYJOH 11 years ago

JUST A FUNNY GUY,THEN I HAVE TO BE BECAREFUL WITH MY ERUOS JUST TO UNDERMINE THE LOOTERS,SO THAT THEY CAN NO MORE SQUEESE GHANAIANS BACK HOME.THANK YOU MR SPY MAN.

JUST A FUNNY GUY,THEN I HAVE TO BE BECAREFUL WITH MY ERUOS JUST TO UNDERMINE THE LOOTERS,SO THAT THEY CAN NO MORE SQUEESE GHANAIANS BACK HOME.THANK YOU MR SPY MAN.
manchester 11 years ago

NPP wants to come back to power to steal like what the NDC is doing. They are annoyed bcos Mahama and co are enjoying but they should blame themselves for going 2nd round in 2008 with NPP with that small margin. If it were N ...
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NPP wants to come back to power to steal like what the NDC is doing. They are annoyed bcos Mahama and co are enjoying but they should blame themselves for going 2nd round in 2008 with NPP with that small margin. If it were NDC were in power in 2018 and NPP were leading them by 3% they will make sure no 2nd round. Not until you have solved your infighting please stay put and let the NDC steal as much as they want. As for the cedi if all Ghanaians decide to buy the local rice, oil and others it will come down. Do you expect people to buy Kristo Asako cars? Not at all.
Village Food 11 years ago

U are an idiot US Spy,u maybe living in the US alright but remember u still have extended family back home.

U are an idiot US Spy,u maybe living in the US alright but remember u still have extended family back home.
Desperado UK 11 years ago

You fools in Ghana are robbing your brother coming to Ghana holidays. Of all the help we give you lot you don't appreciate and keep thieving us like hell at the airpot, at Tema, in the shops, in taxi and almost everywhere

You fools in Ghana are robbing your brother coming to Ghana holidays. Of all the help we give you lot you don't appreciate and keep thieving us like hell at the airpot, at Tema, in the shops, in taxi and almost everywhere
KOFI USA 11 years ago

Tell them. They will never appreciate anything we send them. They talk as if the money is on trees here..Robbing will scar foreigners away hence there will less foreign currency. This will cause the cedi to even fall further. ...
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Tell them. They will never appreciate anything we send them. They talk as if the money is on trees here..Robbing will scar foreigners away hence there will less foreign currency. This will cause the cedi to even fall further. I have send something to someone recently. he got it but he did not even bother to call me that he got the items.

BBC NEWS!!!!!!!!!!!!! 11 years ago

Shame unto that tribal bigots kofi nyaku in Holland for criticizing Ghanaians , especially the NDC sympathizers on his akan's npp radio show in abroad to certified his akan's npp party. We can listen to u from far here in Gha ...
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Shame unto that tribal bigots kofi nyaku in Holland for criticizing Ghanaians , especially the NDC sympathizers on his akan's npp radio show in abroad to certified his akan's npp party. We can listen to u from far here in Ghana. Go ahead and heckle them anytime they call your Tweeeeeaaaaa!! Show to contribute, your akan's npp party will lose again in 2016. If you know better , u must advise your uncle nana binladdo and your npp party to stop terrorising mother Ghana.
BOB CAT 11 years ago

TONTONFORO TOTOBI!

TONTONFORO TOTOBI!
Iddrissu Muhamed 11 years ago

How can you avoid dollarisation when almost everything we consume in this country is imported? To make matters worse even the service industry in Ghana is being over run by foreign companies. This country is going from bad to ...
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How can you avoid dollarisation when almost everything we consume in this country is imported? To make matters worse even the service industry in Ghana is being over run by foreign companies. This country is going from bad to worse.
Sly. 11 years ago

I am scared.

I am scared.
Eric Enchill 11 years ago

If the government keeps putting square pegs in round holes, this will surely be one of the outcome. What a poor administration - President

If the government keeps putting square pegs in round holes, this will surely be one of the outcome. What a poor administration - President
dan 11 years ago

THEY ENDORSE BOG DIRECTIVES DUE TO NO CHOICE ,SINCE THEY THEMSELFS CANT THINK OR FIND ANY SALUTION TO THE CD DROP AND OR PROPOSED A PLAN OF ACTION
SO THE DOMMEYS JUST RUBBER STEP BOG STEPS AND SITTING THERE THINKING WE IN G ...
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THEY ENDORSE BOG DIRECTIVES DUE TO NO CHOICE ,SINCE THEY THEMSELFS CANT THINK OR FIND ANY SALUTION TO THE CD DROP AND OR PROPOSED A PLAN OF ACTION
SO THE DOMMEYS JUST RUBBER STEP BOG STEPS AND SITTING THERE THINKING WE IN GHANA NOW THINK THEY ARE DOING SOMETHING WHAT ANONSENSE
zaaza 11 years ago

"Cabinet however was concerned about the lack of clarity in some of them directives"
How does the whole cabinet endorse something when there is no clarity? What does it take to get the Governor of BOG to first clarify and c ...
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"Cabinet however was concerned about the lack of clarity in some of them directives"
How does the whole cabinet endorse something when there is no clarity? What does it take to get the Governor of BOG to first clarify and convince the cabinet before any endorsement? This confirms what someone said here that they did so because they themselves have no idea about how to solve the problem, therefore anything goes.
Dr. Ayisi 11 years ago

In addition to the Fiscal and Monetary policies, the government should improve the Gross National Product by addressing the unemployment situation by increasing Job Creation through the private sector. Why are we still expor ...
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In addition to the Fiscal and Monetary policies, the government should improve the Gross National Product by addressing the unemployment situation by increasing Job Creation through the private sector. Why are we still exporting all our raw materials instead of further processing in the country into semi-finished goods and, in some cases, into finished products?
Dr Robert Glah 11 years ago

I support Dr Ayisi.

President Mahama should stop to think about that.

I support Dr Ayisi.

President Mahama should stop to think about that.
Paa Joe 11 years ago

RIDE ON.

THE SO CALLED GHANAIAN BUSINESSMEN DO N NOT PRODUCE ANYTHING FOR EXPORT TO SUPPORT THE ECONOMY TO GROW,BUT, GEARED ONLY TO DRAIN THE HARD CURRENCIES FROM THE PROCEEDS EARNED FROM EXPORT OF COCOA AND MINERAL RESOUR ...
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RIDE ON.

THE SO CALLED GHANAIAN BUSINESSMEN DO N NOT PRODUCE ANYTHING FOR EXPORT TO SUPPORT THE ECONOMY TO GROW,BUT, GEARED ONLY TO DRAIN THE HARD CURRENCIES FROM THE PROCEEDS EARNED FROM EXPORT OF COCOA AND MINERAL RESOURCES BY THE HARD WORK OF THE ILLITERATE FARMERS AND UNSKILLED WORKERS AT THE MINES IN THE COUNTRY.

IS NOT A SHAME FOR THEM TO GET DOLLARS, POUNDS, EUROS AND YEN FROM THE BANK OF GHANA AND TO PAY THEM BACK IN CEDIS.

WE ARE ONLY DEVORED BY GREED.
iPad 11 years ago

The immediate remedy can easily be increase in diaspora remittance and investment.
I stopped pushing money into Ghana to invest when I heard there was no plan to give me a vote and heard all the looting going on with the Wy ...
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The immediate remedy can easily be increase in diaspora remittance and investment.
I stopped pushing money into Ghana to invest when I heard there was no plan to give me a vote and heard all the looting going on with the Wyome's etc. I wonder how many diaspora think like me. This may be affecting the economy. Don't underestimate our input.
Mike 11 years ago

The situation in Ghana shows the lack of leadership, not just in the current time but over the past 30 - 40orty years. We have no development and economic plan that is measureable, nor accountability and worse of, nobody pays ...
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The situation in Ghana shows the lack of leadership, not just in the current time but over the past 30 - 40orty years. We have no development and economic plan that is measureable, nor accountability and worse of, nobody pays taxes. Ghana is a country with no excuse for economic prosperity. It is sad; Ghana does not have a stable supply of power and water in this modern day technology. We compare ourselves to other countries in Africa whose citizens are migrating to Ghana and the western world. The western world is getting saturated with immigrants from Africa and south east Asia. This door immigration is largely being closed as these economies are also struggling to keep afloat.

It would be good to take a step back and let’s work on the very basic economic and social principles towards a more sustainable economic development. A 10-20 year economic program and investment in basic infrastructure will be appropriate.
Kalahariman 11 years ago

Keys areas that will cause negative impact on the Ghanaian economy..

(1) increase in VAT: charging VAT on bank withdrawals. This will encourage people to withdraw their monies and save under their mattress and never bank ...
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Keys areas that will cause negative impact on the Ghanaian economy..

(1) increase in VAT: charging VAT on bank withdrawals. This will encourage people to withdraw their monies and save under their mattress and never bank again. Lets think the other way around...if VAT is reduced by 1% and no penalty on bank withdraws. People will spend more and likely save more..especially when the interest rate is raised. At the long run Ghana makes more on VAT due to increased in spending.

(2) Restrictions on foreign currency account holders will cause people to close their foreign accounts and save their currency at home under the mattress...after all the cedi is falling and they can get a higher return against the cedi in the future.
The other way around this is, increase interest rate for foreign accounts to encourage people to save their currency in the banks....and remove those stupid rules of how much you can withdraw from your own account. I understand if you are leaving the country...the maximum should be under 10,000

(3) encourage use of domestic resources in local manufacturing. Ghanaians consume of 1 billion dollars of imported wheat in bread making yearly. Bread can be made from locally grown potatoes.
Ghanaians also drink a lot of beer made from imported barley...we now know beer can be made from cassava leaves and millet/sorghum etc.

(4)The ministry of finance and economy should be on top of monthly statistics to measure the economy and make that information available to the public. eg unemployment rate, interest rate, export and imports and what they are doing to adjust it good grounds....
KING IS THE ONE 11 years ago

Mahama should take a decision to abandoned the use of foreign currency thats all airport seaport hotels nobody in America or europe knows our local currency but every each and single ghanaian knows dollars even to go and buy ...
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Mahama should take a decision to abandoned the use of foreign currency thats all airport seaport hotels nobody in America or europe knows our local currency but every each and single ghanaian knows dollars even to go and buy something they said dollars right in Ghana for Godsake who are you in America to do so at-least if you are in ghana use the use the local currency for the nation benefit period
MAHAMA LOOT ND SHARE 11 years ago

MAHAMA IS CORRUPT IN GHANA HISTORY,WHAT A SHAME,OFUI

MAHAMA IS CORRUPT IN GHANA HISTORY,WHAT A SHAME,OFUI
Togbe 11 years ago

A meeting of fools and incompetents will yield this outcome..

A meeting of fools and incompetents will yield this outcome..
NANA USA 11 years ago

WHY NOT SEEK ADVICE FROM KUFFOUR ? HOW DID HE DO IT ? GOOD FOR NOTHING IDIOTS

WHY NOT SEEK ADVICE FROM KUFFOUR ? HOW DID HE DO IT ? GOOD FOR NOTHING IDIOTS
cha 11 years ago

NDC always have a tack record of destroying Ghana economy and pushing it to HIPC- we are in serious trouble

NDC always have a tack record of destroying Ghana economy and pushing it to HIPC- we are in serious trouble
KOFI USA 11 years ago

The cedi will continue to fall as long as Ghanaians continue to import stupid things like toothpick. Why should people me allowed to import ordinary used new paper and electronics which are not working... We are so stupid tha ...
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The cedi will continue to fall as long as Ghanaians continue to import stupid things like toothpick. Why should people me allowed to import ordinary used new paper and electronics which are not working... We are so stupid that I don't even know which word to use. When at all shall we learn to consume made in Ghana good. Even here in USA they always encourage people to consume locally made products. In Ghana common tin tomatoes people will buy salsa which is made in Italy..
KOFI USA 11 years ago

This article is crazy.....I was thinking the directives are listed here. As an economic student I am very interested. I felt sad when I read the article to the end without seeing any measure.

This article is crazy.....I was thinking the directives are listed here. As an economic student I am very interested. I felt sad when I read the article to the end without seeing any measure.
WORRIEDINVESTOR 11 years ago

Foreign investors are worried about the implications of the new BOG directives on their right to repatriate their profits as permitted in the Ghana Investment Code. Government should come out clarifications on this matter. We ...
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Foreign investors are worried about the implications of the new BOG directives on their right to repatriate their profits as permitted in the Ghana Investment Code. Government should come out clarifications on this matter. We cannot bring in millions of our hard earned foreign currency and invest in Ghana and be told we cannot repatriate our profits. We would gladly keep our monies in our countries instead of investing in Ghana only to be told we cannot recoup ourinvestments and transfer them back to our countries in foreign currency. We invest foreign currencies abroad to make and keep foreign currency profits. We do not invest to lock up our monies in currencies like the Cedi which we cannot spend in our countries. We must be told if Ghana no longer requires foreign investments.
KELEVE KORMI 11 years ago

you this guy l heard you talking senseless things about the reasons for the free fall of the cedis. tweeah. are you in government to blaming poor traders? or to use innovative thinking to push ghana's economy ahead? as for yo ...
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you this guy l heard you talking senseless things about the reasons for the free fall of the cedis. tweeah. are you in government to blaming poor traders? or to use innovative thinking to push ghana's economy ahead? as for you l dont know what material you are that you are in this govt. tweeah
KELEVE KORMI 11 years ago

when all your policies are medieval classical based. all of you should resign. tweeaha and suiahhh people

when all your policies are medieval classical based. all of you should resign. tweeaha and suiahhh people
Kwame 11 years ago

This guy, Ayariga, looks dumbfounded and confused. Where are the reserves to stimulate the economy while checking inflation, and consequently restoring the economy.

This guy, Ayariga, looks dumbfounded and confused. Where are the reserves to stimulate the economy while checking inflation, and consequently restoring the economy.
dan 11 years ago

They made promises they cannot deliver because they do not have the brains to think smartly enough in the interest of the nation. That explains why foreign companies are taking us to the cleaners through stupid deals and agr ...
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They made promises they cannot deliver because they do not have the brains to think smartly enough in the interest of the nation. That explains why foreign companies are taking us to the cleaners through stupid deals and agreements about loans that don't make sense to any right and forward thinking smart politician.

They simply cannot see beyond their noses; these boy politician and ministers inexperienced in the corporate world being shitted upon by the Chinese and any Tom Dick and Harry of a foreign country. Very soon the NDC will sell all your mothers into slavery, to go and clean houses of foreigners because they now soon will be owning every piece of land of Ghana.
DISGUSTED 11 years ago

WHEN THE 0.001% OF GHANAIANS DECIDE THAT WE MUST BE IMPORT-DEPENDENT BECAUSE OF THEIR OWN SELFISH, GREEDY TASTES WITHOUT REGARD TO THE CHRONICALLY STRESSFUL IMPACT ON THE REMAINING 99.999%, WE END UP NOT ONLY DRAINING THE LIT ...
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WHEN THE 0.001% OF GHANAIANS DECIDE THAT WE MUST BE IMPORT-DEPENDENT BECAUSE OF THEIR OWN SELFISH, GREEDY TASTES WITHOUT REGARD TO THE CHRONICALLY STRESSFUL IMPACT ON THE REMAINING 99.999%, WE END UP NOT ONLY DRAINING THE LITTLE HARD CURRENCY THAT WE'VE EARNED, BUT BEGIN TO DEPRECIATE THE PRECARIOUS VALUE OF OUR OWN CURRENCY.

THESE FOOLS KNOW THIS, BUT THEIR STOMACH INTEREST WILL NEVER ALLOW THEM TO DEFEND THE POOR MASSES.
NKWASEN FUO GYIMI GYIMI GYIMISEM!
FOOLS, FOOLS, FOOLS!
Ewe nation 11 years ago

Our Cedi wouldn't be falling if we got rid of greedy,fraud prone ashanti filth who are inherently corrupt.These ugly ashanti dogs need to be deported back to their ancestral Mali wastelands before they ruin our economy with t ...
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Our Cedi wouldn't be falling if we got rid of greedy,fraud prone ashanti filth who are inherently corrupt.These ugly ashanti dogs need to be deported back to their ancestral Mali wastelands before they ruin our economy with their legendary greed.The owners of Ghana like Ewes,Gas and Gonjas are the only people who truly care about Ghana since they didn't invade like these ugly overbreeding mvthafookas.
MINOR CASE 11 years ago

I don't think you are an Ewe. You just want people to insult Ewes.

I don't think you are an Ewe. You just want people to insult Ewes.
TRUE 11 years ago

Minor Case, you are good. You nailed the fake.

Minor Case, you are good. You nailed the fake.
Osofo 11 years ago

If they were not clear of certain aspects of the derivatives they shouldn't have endorsed it. Everything has to be clear to all

If they were not clear of certain aspects of the derivatives they shouldn't have endorsed it. Everything has to be clear to all
Sheikh 11 years ago

Basically, something will fall if there is nothing under it to hold it in place...so why the big deal in the CEDI falling? The handwriting was on the wall. If politicians, all the know is buy themselves BIG VEHICLES, EX-GRATI ...
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Basically, something will fall if there is nothing under it to hold it in place...so why the big deal in the CEDI falling? The handwriting was on the wall. If politicians, all the know is buy themselves BIG VEHICLES, EX-GRATIAS, BIG PAYCHECKS for themselves when the country produces virtually NOTHING (NO THING) therefore, eat into the 'Reserve' which we do not have, WHAT DO YOU EXPECT? Let's stop voting for slogans and colours and rather vote for those who do have their heads screwed on properly. A politician will tell you that until she make 'MILLION DOLLARS' she will not disturb the waves. Let's be very careful. We claim some are GURUS in finance, etc when they do not have any THEORY to their names. I do not blame them. For in the land of the blind the one-eye rules. What do we expect? We should be even thankful it has not become ZIMBABWE. PEACE OUT
Adam 11 years ago

With economic "experts" like Fiifi Kwetey, what can else can we expect?

With economic "experts" like Fiifi Kwetey, what can else can we expect?
kk 11 years ago

so domestication is now a good idea

so domestication is now a good idea
Imran Gomdah Abdel-Rahman 11 years ago

The authur of this article should have included a hiperlink to the Bank of Ghana's directives so that after reading the article you'll go and read the directives to get a complete and clear picture of the whole issue.

The authur of this article should have included a hiperlink to the Bank of Ghana's directives so that after reading the article you'll go and read the directives to get a complete and clear picture of the whole issue.
Gozo 11 years ago

The overthrow of Nkrumah is the main cause of the hardship in the country .Acountry or a child that points accusing finger in the father's face falls .Go to God and plead for mercy Ghana.

The overthrow of Nkrumah is the main cause of the hardship in the country .Acountry or a child that points accusing finger in the father's face falls .Go to God and plead for mercy Ghana.
AS 11 years ago

Our leaders are jokers. We produce nothing for export and yet we want the cedi to be at par with the US dollar. How absurd

Our leaders are jokers. We produce nothing for export and yet we want the cedi to be at par with the US dollar. How absurd
Akadu Mensema 11 years ago

Akomfem govt!

Akomfem govt!
Wofa Koo 11 years ago

NDC is not a party to rule a nation. The PNDC/NDC has brought Ghana into this disaster.It about time for Ghanaians to stop their tribal hatred and vote for competent people to rule Ghana.Mahama has the most useless ministers ...
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NDC is not a party to rule a nation. The PNDC/NDC has brought Ghana into this disaster.It about time for Ghanaians to stop their tribal hatred and vote for competent people to rule Ghana.Mahama has the most useless ministers who have no clue about their positions.
Stupid Wofa 11 years ago

NPP is not a party to rule a nation. The NPP has brought Ghana into this disaster. It'S about time for Ghanaians to stop their tribal hatred and vote for competent people to rule Ghana. KUFUOR haD the most useless ministers w ...
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NPP is not a party to rule a nation. The NPP has brought Ghana into this disaster. It'S about time for Ghanaians to stop their tribal hatred and vote for competent people to rule Ghana. KUFUOR haD the most useless ministers who haD no clue about their positions.

They were, and STILL ARE, tribalistic greedy, selfish.
Their greed is what led to Nkrumah's overthrow and our demise today.
Adam 11 years ago

They have no option. None of them understands what is going on. In this situation, lying cannot help.

They have no option. None of them understands what is going on. In this situation, lying cannot help.
Johnny USA 11 years ago

TO END ALL ECONOMICAL CONFUSION CANT GHANA CHANGE CEDIS TO USE THE USA DOLLAR.? AM NOT ECONOMICS SO FORGIVE ME IF AM WRONG.IS IT POSSIBLE GHANA USE USA DOLLARS TO STOP ALL THE NOISE.SURE GHANAIAN'S OR WE ALL LIKE USA DOLLARS ...
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TO END ALL ECONOMICAL CONFUSION CANT GHANA CHANGE CEDIS TO USE THE USA DOLLAR.? AM NOT ECONOMICS SO FORGIVE ME IF AM WRONG.IS IT POSSIBLE GHANA USE USA DOLLARS TO STOP ALL THE NOISE.SURE GHANAIAN'S OR WE ALL LIKE USA DOLLARS THAN THE CEDIS.
Joe Turkey 11 years ago

When the dongon murdered his way into power, the dollar was 2.7 old cedi. When he left, the dollar was 6,700 old cedis. When Kwesi Botchway announce with smile that those who had the luxury of flying to London for 6,000 cedis ...
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When the dongon murdered his way into power, the dollar was 2.7 old cedi. When he left, the dollar was 6,700 old cedis. When Kwesi Botchway announce with smile that those who had the luxury of flying to London for 6,000 cedis were now going to pay 41,000, what he probably failed to realize was that he was devaluing the cedi by the same amount. And when the NDC idiots keep increasing prices and tariffs, what they failed to understand is that they are devaluing the cedi by the same amount. This is what happens when fools rule.
Wofa Koo 11 years ago

This is the most ever exist useless ministers Ghana ever have.These are Nkrumah school boys graduate from Patrick Lumumba university which Nkrumah wasted Ghana money to finance.Minister coconut heads.

This is the most ever exist useless ministers Ghana ever have.These are Nkrumah school boys graduate from Patrick Lumumba university which Nkrumah wasted Ghana money to finance.Minister coconut heads.
Yussif Amir 11 years ago

hope is not just a mere talk or politics play.
I pray, that endavor should be put into implementation. God help Ghana overcome its weakness. thanks

hope is not just a mere talk or politics play.
I pray, that endavor should be put into implementation. God help Ghana overcome its weakness. thanks
Kutu Acheampong Rawlings 11 years ago

HELLO ZIMBABWE & GHANA
Have we not travelled this road to economic doom before??

Somebody opens a FOREX account and places his DOLLAR cash in the banking system, for use by the banks till he needs the cash.
NOW THE STATE ...
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HELLO ZIMBABWE & GHANA
Have we not travelled this road to economic doom before??

Somebody opens a FOREX account and places his DOLLAR cash in the banking system, for use by the banks till he needs the cash.
NOW THE STATE WANT TO CONFISCATE THAT CASH. IS THIS FAIR AND JUST? WILL THIS ENCOURAGE PEOPLE TO BRING IN THEIR DOLLARS AND PUT WHATEVER THEY HAVE IN THE FORMAL BANKING SYSTEM????????
Yaa 11 years ago

It is a little too late BOG

It is a little too late BOG
kWAKUVIE 11 years ago

You buy finished petrol instead of crude oil, dont you know you are paying the wages of the workers of that foreign companies you import from in dollars? you greedy people

You buy finished petrol instead of crude oil, dont you know you are paying the wages of the workers of that foreign companies you import from in dollars? you greedy people

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Free fall of Cedi: Cabinet endorses BoG directives

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