Currency values are not prayed for – Okudzeto

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KWESI 11 years ago

such translations were meant for the less privileged in society especially those who cannot read English
SO YOU BECOME PRIVILEGE IF CAN READ ENGLISH. THIS IS COLONIAL MENTALITY WHICH IS UNFORTUNATE.

such translations were meant for the less privileged in society especially those who cannot read English
SO YOU BECOME PRIVILEGE IF CAN READ ENGLISH. THIS IS COLONIAL MENTALITY WHICH IS UNFORTUNATE.
PRINCE KWASI ADADE 11 years ago

CRAZY NDC SYCOPHANTS DOUBTED MY WORDS!! NOW THE REALITY HAS DAWNED!!!!-----MAHAMA AND HIS BUNCH OF CROOKISH INCOMPETENT CORRUPT MONSTERS CAN NEVER DO IT! NO! NOT IN A MILLION YEARS!!! NDC LACK THE BRAINS. JUST LOOK AROUND; CA ...
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CRAZY NDC SYCOPHANTS DOUBTED MY WORDS!! NOW THE REALITY HAS DAWNED!!!!-----MAHAMA AND HIS BUNCH OF CROOKISH INCOMPETENT CORRUPT MONSTERS CAN NEVER DO IT! NO! NOT IN A MILLION YEARS!!! NDC LACK THE BRAINS. JUST LOOK AROUND; CAN'T YOU SEE? JUST OPEN YOUR EARS; CAN'T YOU HEAR? IS THIS THE GHANA K4 HANDED OVER TO NDC GREEDY CORRUPT BASTARDS??? ---------------WHO CAN PROVE KWASI ADADE WRONG? I AM SAYING, THAT, GHANAIANS VOTED FOOLISHLY!!-- IS THIS NDC'S BETTER GHANA? THEN WHAT WILL THEIR BITTER GHANA BE?--- IF THIS IS NDC'S PRAISE THE LORD, THEN, WHAT WILL THEIR CRUCIFY HIM BE?--- GHANA'S PROBLEM, TODAY, IS NOTHING BUT THE RESULT OF CRIMINAL NDC'S ALLIANCE TO CREATE, LOOT AND SHARE POLICY***---------------*** "IT IS ONLY A FOOL, WHO ALLOWS HIS TESTICLES TO BE STEPPED ON, TWICE"-------GO OUT THERE AND RECEIVE YOUR REWARD, ALL GHANAIANS. GO AND PAY THE PRICE FOR YOUR FOOLISHNESS. YOU DON'T GIVE A SECOND MANDATE TO AN INCOMPETENT AND CORRUPT GOVERNMENT, NO!! NOT AT ALL, THAT IS ABOMINATION IN DEMOCRACY, VERY SUICIDAL. HAD NDC MANAGED THE ECONOMY WELL, THESE ECONOMIC PROBLEMS WOULDN'T HAVE BEEN THE SITUATION. NDC HAS PRESIDED OVER THE BIGGEST RESOURCES GHANA HAS EVER HAD. THEY HAVE ALSO CONTRACTED MORE LOANS THAN ANY OTHER GOVERNMENT IN OUR HISTORY, BUT THEY HAVE NOTHING TO SHOW FOR THIS. GHANAIANS SHOULD HAVE ENJOYED SOME ECONOMIC PROGRESS AT THIS TIME IN OUR HISTORY. THE ECONOMY IS COLLAPSING BECAUSE THE GOVERNMENT IS SO CORRUPT. TO RESCUE THE SITUATION, THE POOR IS NOW BEING FORCED TO PAY. THIS IS INJUSTICE. THIS IS NOT THE GHANA KUFFOUR HANDED OVER TO NDC, HE EVEN ADDED FRESH CRUDE OIL WELLS. NPP TRANFORMED GHANA TO A MIDDLE INCOME ECONOMY WITH LIMITED RESOURCES BUT GOOD POLICIES. NDC IS WOEFULLY REVERSING THESE NPP ACHIEVEMENTS. GHANA'S CURRENT SITUATION IS VERY DISTURBING. WHEN THE HISTORY IS TOLD, IT WILL BE SAID THAT GHANAIANS WERE OFFERED FREE SECONDARY EDUCATION, IMPROVED UNIVERSAL HEALTH CARE, SOCIAL HOUSING FOR THE POOR AND AN EGALITARIAN SOCIETY BUT 50% SAID NO THANK YOU. THEY PREFERRED ECONOMIC "WOYOMISATION" , PHANTOM DEVELOPMENT PROJECTS, PHILANDERERS FOR LEADERS, MACHIAVELLIAN DISRESPECTFUL CORRUPT LOUTS AND A VISIONLESS EVIL GOVERNMENT. I AM SO PROUD I VOTED FOR NANA AKUFFO ADDO.
ACKAH 11 years ago

THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATION OF 350 MILLION PEOPLE, BUT THERE ARE F ...
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THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATION OF 350 MILLION PEOPLE, BUT THERE ARE FAR MORE PROPHETS IN GHANA THAN IN THE USA.

WE HAVE ALL THESE PROPHETS BUT WE ARE STILL A BEGGAR NATION. WE GO TO THE CHINESE AND JAPANESE ON OUR KNEES BEGGING FOR AID. THESE NATIONS DONT HAVE PROPHETS AND DONT PRAY AND FAST LIKE WE DO.

IT SEEMS EVERY JSS DROP-OUT BECOMES A PASTOR IN GHANA. IS IT BECAUSE IT IS THE EASIEST WAY TO MAKE MONEY? ARE THESE SO-CALLED PROPHETS IN THE MINISTRY FOR SALVATION OR FOR THE NICE CAR, NICE HOUSE AND PRETTY WIFE?

WHAT HAS ALL THESE PROPHESY AND PROPHETS DONE FOR GHANA? WE ARE STILL POOR AND SUFFERING. DO WE NEED THESE PROPHETS? NO WE DONT. ALL THE ADVANCED COUNTRIES DONT HAVE PROPHETS. YET THEY ARE DOING VERY WELL. THEIR STANDARD OF LIVING IS HIGHER, THEY ARE RICHER AND THEY LIVE LONGER.
MENSAH 11 years ago

The less priviledge here,I think,means,those who never had the chance of going to school,due to poverty,ignorance,seclusion,care- giving to younger children at home,etc in the part of their parents.
I DON'T THINK THAT,IN ANY ...
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The less priviledge here,I think,means,those who never had the chance of going to school,due to poverty,ignorance,seclusion,care- giving to younger children at home,etc in the part of their parents.
I DON'T THINK THAT,IN ANYWAY,STRIKES ANY CORDS,RELATED TO SLAVERY,COLONIAL MENTALITY.
MY MOTHER NEVER WENT TO SCHOOL,BECAUSE,SHE WAS GIVING CARE TO HER LITTLE BROTHERS AND SISTERS,RATHER.
Justice Okudzeto's assertion on how our Pastors rather,have to advise,pray for our leaders,politicians,financial strategists,on the best ways to deal with our economy,by employing better strategies that ensure problem-solving and enhance development.
If the translators of the bible in Ghana,CAN AS WELL,ADD BIBLE COMMENTARY & CONCORDANCE,TO IT,THAT WOULD GO A LONG WAY,TO HELP READERS TO UNDERSTAND THE BIBLE,BETTER.
EZEKIEL 11 years ago

Ghanaians are always looking for the HAIR in the soup!!

Ghanaians are always looking for the HAIR in the soup!!
ACKAH 11 years ago

STOP PRAYING AND THINK

FASTING AND PRAYING IS NOT THE ANSWER TO GHANA'S PROBLEMS. WE FAST AND PRAY AND SPEAK IN TONGUES ALL THE TIME BUT OUR PROBLEMS REMAIN. AFTER ALL THE PRAYING WE GO TO THE CHINESE AND JAPANESE FOR AS ...
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STOP PRAYING AND THINK

FASTING AND PRAYING IS NOT THE ANSWER TO GHANA'S PROBLEMS. WE FAST AND PRAY AND SPEAK IN TONGUES ALL THE TIME BUT OUR PROBLEMS REMAIN. AFTER ALL THE PRAYING WE GO TO THE CHINESE AND JAPANESE FOR ASSISTANCE. WE GO BEGGING THE NATIONS THAT DONT PRAY TO HELP US. THE LESSON IS SIMMPLE PRAYING AND FASTING AND PAYING TITHES IS NOT THE ANSWER.

IF THE CHINESE AND THE JAPANESE AND THE GERMANS ARE BLESSED TO BE PROSPEROUS ENOUGH TO HELP US, WE HAVE TO LEARN FROM THEM. WHAT MADE THEM PROSPEROUS. THEY HAVE MORE MONEY, THEY LIVE LONGER AND THEIR STANDARD OF LIVING IS HIGHER. WHAT IS THE SECRET TO THEIR SUCCESS? THE SECRET IS SCIENCE AND TECHNOLOGY EDUCATION , HARD WORK AND USING THE BRAINS GOD BLESSED US WITH.

PRAYERS HAS NOT SOLVED OUR WATER AND ELECTRICITY PROBLEMS. THE ONLY PEOPLE WHO HAVE BENEFITTED FROM THE PRAYERS, FASTING, TITHES AND PRAISES, ARE THE PASTORS AND THE SO-CALLED MEN OF GOD. THEY GET RICHER AND FATTER. THEY ENCOURAGE US TO PAY TITHES AND PRAY. .

LET'S LEARN FROM THE CHINESE, JAPANESE AND CANADIANS. THEY DO NOT PRAY TO JESUS. THEY DONT PAY TITHES AND SPEAK IN TONGUES. AFRICANS, WAKE UP! STOP THE LAZINESS! WE CANNOT SLEEP FOREVER! WAKE UP SLEEPING GIANT ! WAKE UP STUPID BLACK PEOPLE !
KOFI 11 years ago

I agree with Osofo. A person is less privileged if he or she cannot speak and read English. It means the person is limited in what he can read, listen to and write. Are there newspapers in our local languages? How can suc ...
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I agree with Osofo. A person is less privileged if he or she cannot speak and read English. It means the person is limited in what he can read, listen to and write. Are there newspapers in our local languages? How can such a person read newspapers? How can the person read any science book or a book in medicine? How can the person read prescriptions of medicine? How can the person be a computer literate?
Tijani 11 years ago

i agree with you

i agree with you
Nanasei 11 years ago

I don't know most of you but in Ghana those who did not school and hence cannot read English usually are not able to read indigenous language either.

I don't know most of you but in Ghana those who did not school and hence cannot read English usually are not able to read indigenous language either.
ACKAH 11 years ago

USELESS PROPHETS IN GHANA

THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATION OF 350 ...
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USELESS PROPHETS IN GHANA

THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATION OF 350 MILLION PEOPLE, BUT THERE ARE FAR MORE PROPHETS IN GHANA THAN IN THE USA.

WE HAVE ALL THESE PROPHETS BUT WE ARE STILL A BEGGAR NATION. WE GO TO THE CHINESE AND JAPANESE ON OUR KNEES BEGGING FOR AID. THESE NATIONS DONT HAVE PROPHETS AND DONT PRAY AND FAST LIKE WE DO.

IT SEEMS EVERY JSS DROP-OUT BECOMES A PASTOR IN GHANA. IS IT BECAUSE IT IS THE EASIEST WAY TO MAKE MONEY? ARE THESE SO-CALLED PROPHETS IN THE MINISTRY FOR SALVATION OR FOR THE NICE CAR, NICE HOUSE AND PRETTY WIFE?

WHAT HAS ALL THESE PROPHESY AND PROPHETS DONE FOR GHANA? WE ARE STILL POOR AND SUFFERING. DO WE NEED THESE PROPHETS? NO WE DONT. ALL THE ADVANCED COUNTRIES DONT HAVE PROPHETS. YET THEY ARE DOING VERY WELL. THEIR STANDARD OF LIVING IS HIGHER, THEY ARE RICHER AND THEY LIVE LONGER.

Agya Koo 11 years ago

How would you refer to people who did not have the opportunity to go to school? Do you want him to use the word illitrates for such people? Of course no because it sounds very intimidating and disrespectful. It is a huge pri ...
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How would you refer to people who did not have the opportunity to go to school? Do you want him to use the word illitrates for such people? Of course no because it sounds very intimidating and disrespectful. It is a huge privilege to be educated; that is why its always termed as a legacy from parents or guidiance due to its significance.
JAMREAH 11 years ago

LAWYER OKUJETO MUST STOP THIS BLATANT PARTISAN POLITICS.HE MUST THINK OF SUGGESTIONS TO IMPROVE THE LIVING CONDITIONS OF GHANAIANS.SO WILL HE CONTINUE TO CRITISIZE ALL GOVERNMENTS WITHOUT HELPING TO BUILD THE NATION? HOW LONG ...
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LAWYER OKUJETO MUST STOP THIS BLATANT PARTISAN POLITICS.HE MUST THINK OF SUGGESTIONS TO IMPROVE THE LIVING CONDITIONS OF GHANAIANS.SO WILL HE CONTINUE TO CRITISIZE ALL GOVERNMENTS WITHOUT HELPING TO BUILD THE NATION? HOW LONG WILL HE WAIT FOR NANA ADDO TO COME TO POWER TO MAKE HIM THE CHIEF JUSTICE OF GHANA BEFORE HE WILL BRING POSITIVE SUGGESTIONS? HE HAS FORGOTTEN THAT IF HE HAS MADE ENOUGH WEALTH IN THE PAST FOR HIS FAMILY HE SHOULD STOP DESTROYING THE FUTURE FOR THE YOUTH.PARTISAN POLITICS.
BIRAHMA 11 years ago

Praying for the nation at the independence square by Gifty Afenyi Dadzie was started in Kuffour's era.Was Okudzeto outside the vicinity of this planet?

Praying for the nation at the independence square by Gifty Afenyi Dadzie was started in Kuffour's era.Was Okudzeto outside the vicinity of this planet?
ACKAH 11 years ago

PRAYING FOR THE CEDI IS RIDICULOUS

THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATIO ...
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PRAYING FOR THE CEDI IS RIDICULOUS

THERE ARE MORE PROPHETS IN GHANA AND NIGERIA THAN IN THE ENTIRE BIBLE. WHY? THERE ARE MORE PROPHETS IN GHANA THAN ALL OF CANADA, ISRAEL, GERMANY, ITALY AND BRITAIN.
USA HAS A POPULATION OF 350 MILLION PEOPLE, BUT THERE ARE FAR MORE PROPHETS IN GHANA THAN IN THE USA.

WE HAVE ALL THESE PROPHETS BUT WE ARE STILL A BEGGAR NATION. WE GO TO THE CHINESE AND JAPANESE ON OUR KNEES BEGGING FOR AID. THESE NATIONS DONT HAVE PROPHETS AND DONT PRAY AND FAST LIKE WE DO.

IT SEEMS EVERY JSS DROP-OUT BECOMES A PASTOR IN GHANA. IS IT BECAUSE IT IS THE EASIEST WAY TO MAKE MONEY? ARE THESE SO-CALLED PROPHETS IN THE MINISTRY FOR SALVATION OR FOR THE NICE CAR, NICE HOUSE AND PRETTY WIFE?

WHAT HAS ALL THESE PROPHESY AND PROPHETS DONE FOR GHANA? WE ARE STILL POOR AND SUFFERING. DO WE NEED THESE PROPHETS? NO WE DONT. ALL THE ADVANCED COUNTRIES DONT HAVE PROPHETS. YET THEY ARE DOING VERY WELL. THEIR STANDARD OF LIVING IS HIGHER, THEY ARE RICHER AND THEY LIVE LONGER.
D.K. Osei 11 years ago

When is this dude Okudjeto going to die and leave Ghanaians alone?

When is this dude Okudjeto going to die and leave Ghanaians alone?
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.
Preacher 11 years ago

OKUDZETO DONT THINK THAT WITH YOUR STATUS YOU KNOW THE BIBLE. YOU ARE CLUELESS INDEED. WHO TOLD YOU THAT MEN OF GOD CANNOT PRAY FOR INTERVENTION OF THE CEDIS. WHO GIVES THIS PEOPLE PLATFORM FOR THIS COMMENT AT ALL. READING T ...
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OKUDZETO DONT THINK THAT WITH YOUR STATUS YOU KNOW THE BIBLE. YOU ARE CLUELESS INDEED. WHO TOLD YOU THAT MEN OF GOD CANNOT PRAY FOR INTERVENTION OF THE CEDIS. WHO GIVES THIS PEOPLE PLATFORM FOR THIS COMMENT AT ALL. READING THE BIBLE DOES NOT MEAN YOU UNDERSTAND OF READING BK IN SCHOOL FOR YOUR LAW COURSE MEANS YOU ARE SPIRITUAL. THESE ARE TWO BIG DIFFERENT THINGS ALL TOGETHER. PLEASE GIVE US A BREAK IN YOUR POLITICKING
SASA 11 years ago

THE BLACK AFRICAN IS SO STUPID. PRAYER WOULD SOLVE NOTHING. EUROPEANS HAVE STOPPED THIS FOOLISHNESS.

THE BLACK AFRICAN IS SO STUPID. PRAYER WOULD SOLVE NOTHING. EUROPEANS HAVE STOPPED THIS FOOLISHNESS.
HONESTY 11 years ago

There can be no rational explanation for this rabid politically biased out pourings by this old man who should know better. I think he wants a state burial/funeral which he thinks he can only get if NPP is in power.

There can be no rational explanation for this rabid politically biased out pourings by this old man who should know better. I think he wants a state burial/funeral which he thinks he can only get if NPP is in power.
PRINCE 11 years ago

THE MAN IS RIGHT, HE IS TOO SMART FOR THE SUPERSTITIOUS PEOPLE WHO WANT MANNA FROM HEAVEN. PRAYER IS NOT THE SOLUTION, IF YOU ARE FAT AND YOU WANT TO LOOSE WEIGHT, YOU DONT PRAY AND KEEP EATING . YOU EXERCISE AND EAT NON FATT ...
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THE MAN IS RIGHT, HE IS TOO SMART FOR THE SUPERSTITIOUS PEOPLE WHO WANT MANNA FROM HEAVEN. PRAYER IS NOT THE SOLUTION, IF YOU ARE FAT AND YOU WANT TO LOOSE WEIGHT, YOU DONT PRAY AND KEEP EATING . YOU EXERCISE AND EAT NON FATTY FOOD. IF YOU ARE WRITING AN EXAM, YOU STUDY, IF YOU AR LAZY AND DONT STUDY, DONT DISTURB GOD WITH YOUR LAZY PRAYERS.

william 11 years ago

Stop this nonsense calling pastors fake and genuiune alike, 'men of God'!Are the rest 'men of satan'?

Stop this nonsense calling pastors fake and genuiune alike, 'men of God'!Are the rest 'men of satan'?
Patrotic Citizen 11 years ago

Spiritual knowledge are tangential to academic knowledge, so Mr. Okudzeto don't speak about things you don't know. God's revelation knowledge are not given to spiritual babies and church goers but to those who are led by the ...
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Spiritual knowledge are tangential to academic knowledge, so Mr. Okudzeto don't speak about things you don't know. God's revelation knowledge are not given to spiritual babies and church goers but to those who are led by the Spirit of God. For lack of knowledge Ghana is where it is now. "Except God build this nation no political party can build it." This is the Biblical truth many Ghanians are arrogantly refusing to admit. God save our nation Ghana from the spiritually ignorant!
Patrotic Citizen 11 years ago

God cannot intervene in the woes of this nation if we have a divided front. Until all the political parties unit to support the government in power to build the nation, God will only watch Ghana to sink. But if people who are ...
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God cannot intervene in the woes of this nation if we have a divided front. Until all the political parties unit to support the government in power to build the nation, God will only watch Ghana to sink. But if people who are called by God's Name will humble themselves, turn away from their evil ways and pray in a united front, God will hear, show us great and mighty things we don't know and will heal Ghana.
Patrotic Citizen 11 years ago

Until Ghanians, especially politicians will turn from their evil ways of "PULL HIM DOWN SYNDROME" Ghana's prosperity will remain a mirage because God will abandone Ghana. Don't ignore God's Law and thing you can succeed by yo ...
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Until Ghanians, especially politicians will turn from their evil ways of "PULL HIM DOWN SYNDROME" Ghana's prosperity will remain a mirage because God will abandone Ghana. Don't ignore God's Law and thing you can succeed by your own efforts Ganaians. Learn to love God and your neibour as yourself - this is the key that will open the prosperity door, not hating each other for selfish reasons and political gains.
TAKE IT OR LEAVE IT 11 years ago

SPIRITUAL THINGS

SPIRITUAL THINGS
Richard 11 years ago

Look at his dirty face! This foolish and uselsee old man will die and animals will make meal of his fresh. A very stupid and hopeless old man without a sinlge sense in his clone and derailed brain. Yaka gbomo!

Look at his dirty face! This foolish and uselsee old man will die and animals will make meal of his fresh. A very stupid and hopeless old man without a sinlge sense in his clone and derailed brain. Yaka gbomo!
Kakaminamor 11 years ago

When will God kill all this idiot old men who have outlived their usefulness? Another stupid talk from this all knowing man. Which God does he serve? Nothing is impossible to my God. In a time of famine He caused food to be c ...
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When will God kill all this idiot old men who have outlived their usefulness? Another stupid talk from this all knowing man. Which God does he serve? Nothing is impossible to my God. In a time of famine He caused food to be cheap, and doubters like Okudzeto never lived to enjoy it. May God have mercy on him.
ASEM 11 years ago

"my GOD" a another crazy Ghanaian. Do you have a God?

"my GOD" a another crazy Ghanaian. Do you have a God?
ACKAH 11 years ago

INSTEAD OF USING UR BRAINS TO SOLVE UR PROBLEMS U SPEND ALL UR TIME PRAYING. ARE THE CHINESE RAYING FOR ECONOMIC SOLUTIONS? ARE THE SWISS, GERMANS AND SWEDISH PRAYING. THAT IS WHY AFRICA IS POOR. WE HAVE TOO MANY STUPID PEOPL ...
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INSTEAD OF USING UR BRAINS TO SOLVE UR PROBLEMS U SPEND ALL UR TIME PRAYING. ARE THE CHINESE RAYING FOR ECONOMIC SOLUTIONS? ARE THE SWISS, GERMANS AND SWEDISH PRAYING. THAT IS WHY AFRICA IS POOR. WE HAVE TOO MANY STUPID PEOPLE CALLING THEMSELVES PROPHETS AND MEN OF GOD.

STOP THE STUPID PRAYING AND TONGUES, WAKE UP !
Competent Economist 11 years ago

Basic economics tells us that if the value of the currency of Country A is falling relative to that of Country B then it means domestic inflation is high in Country A compared to Country B.

In lay man's terms therefore if ...
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Basic economics tells us that if the value of the currency of Country A is falling relative to that of Country B then it means domestic inflation is high in Country A compared to Country B.

In lay man's terms therefore if the Ghana Cedi is falling against the US Dollar then it is because domestic inflation is high in Ghana compared to the US.

This means Ghana must deal with domestic inflation to arrest the falling Cedi. It is not correct for the Bank of Ghana (BOG) to just blame the Ghanaian business community for trying to save the value of their wealth by dollarising.

The BOG should rather ask: "Why is everyone rushing for the Dollar?" The answer is simple: High domestic inflation. Ghanaians or Ghanaian businessmen do not hate the Cedi but they just want to make sure they can continue to remain in business. If Ghanaians keep their money in Cedis but the value of the Cedi keeps falling (whether official government inflation statistics capture rising inflation or not) then they will have to stop importing vital goods.

Ghanaians are rushing for the Dollar because of domestic inflation. The BOG forcing Ghanaians to just use Cedis or converting the savings in the Dollar accounts of Ghanaians into Cedi equivalent is not the solution since all the products the typical Ghanaian uses have to be imported and they need dollars to import the goods. Or is the Government and the BOG now going to enforce a strict "Buy Ghana only policy"? We doubt it and it is not prudent as a policy measure.

The question to ask then is "who caused the inflation that is responsible for the uncontrollable rush for dollars that is in turn causing the value of the Cedi to plummet?" Well we do know about cost push and demand pull inflation and we do recognize that inflation can be due to many factors. However the major cause of inflation in any country is seigniorage (the printing of money).

Milton Friedman, the famous Nobel-prize winning economist once quipped "Inflation is everywhere a monetary phenomenon." This means inflation in Ghana is due to increases in money supply which is controlled by BOG. It is the BOG’s job to control the money supply in the Ghana. When the money supply in the economic system is high domestic inflation is high and vice versa. Further when domestic inflation is high the value of the Cedi falls as people rush for dollars and vice versa.

It seems logical to argue then that the BOG is the one printing money and increasing the money supply leading to domestic inflation in Ghana perhaps under pressure from the executive. This is easy enough to believe given the very high recent government expenditure on items like the election and the wage bill and the excessive borrowing the Ghana government has been doing. Surely someone has to pay for such wanton expenditure?

It is not a logical stretch to surmise that new money was printed to finance this expenditure but we have no evidence to support such an assertion. In an ideal situation the BOG will have real independence from the government so they can refuse to print new money even if the government wants more money released into the system. At present there is a law that guarantees independence to the Central Bank Governor but because the president retains the power to fire him and because the central bank governor only has a 4 year term instead of a 14 year term like in the US the BOG governor remains directly under the control of Ghana's president.

This means the law guaranteeing the independence of the BOG governor is an ineffective one at best and cannot prevent government from demanding more money from the BOG for more expenditure whether ill-advised or not. The Bank of Ghana (BOG) clearly needs to tackle domestic inflation in spite of the non-alarming 13.5% posted by GSS. However the BOG has already failed with its policy of inflation targeting. The target was supposed to be single digit (6-8%) but inflation is now officially 13.5%. Even worse is the almost certain possibility that inflation is actually higher than it is reported by the Ghana Statistical Service (GSS).

This maybe because the GSS is measuring Consumer Price Index (CPI) and inflation using a questionable approach. In fact as if to pacify its critics about its vexatious handling of inflation measurement, the GSS announced in 2013 that it had increased the contents of the typical basket used for computing CPI by 41 items. Unfortunately this act seemed more like a mea culpa about the GSS’s challenges in measuring CPI and inflation. Note that the CPI is the price of the typical basket of goods the average consumer buys.

The inflation rate is calculated as the percentage change in the CPI. It seems that "Ghana's chickens have finally come home to roost" A combination of factors such as mismanagement of money supply and inflation by the BOG and wanton government expenditure and borrowing are killing the Cedi.

We are hoping that if you have read this piece to this point then you now have some idea as to what should be done to arrest the Cedi's demise. (i) Reign in domestic inflation now although unfortunately this may mean increasing interest rates. (ii) Stop the wanton government expenditure with no value for money (iii) Limit government borrowing (iv) Stop printing money to finance everything just because you can. This is indirect taxation and it is undermining grievously the value of the Cedi. (v) Finally put in place policies to stimulate domestic production and exports so that the supply of Dollars to Ghana will increase.

GHANA IS ON WRONG DIRECTION...... 11 years ago

Those stupid poster dont get it, they will say and do everything to fill their dirty pocket, fools, lazy poster, god will punished you all.hungry posters,

Those stupid poster dont get it, they will say and do everything to fill their dirty pocket, fools, lazy poster, god will punished you all.hungry posters,
ESI 11 years ago

STOP THIS DISPLAY OF IGNORANCE, AND FOCUS ON LAW.
WHO SAID "CURRENCY VALUES ARE NOT PRAYED FOR"?
EVERYTHING IN HUMAN LIFE COULD BE PRAYED FOR. WHO TOLD THIS IGNORANT LAWYER THAT CURRENCY VALUES ARE NOT PRAYED FOR. ANYTHING ...
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STOP THIS DISPLAY OF IGNORANCE, AND FOCUS ON LAW.
WHO SAID "CURRENCY VALUES ARE NOT PRAYED FOR"?
EVERYTHING IN HUMAN LIFE COULD BE PRAYED FOR. WHO TOLD THIS IGNORANT LAWYER THAT CURRENCY VALUES ARE NOT PRAYED FOR. ANYTHING THAT PERTAINS TO HUMAN LIFE HAS SPIRIRUAL DIMENSION AND SO COULD BE PRAYED FOR...BIBLE SAYS 'EVERYTHING BY PRAYER.'
LOOK MEN OF GOD ARE NOT ECONOMIST SO ALL THEY COULD IN EVERY GIVEN SITUATION IS TO PRAY! JUST AS WORKERS WORK, GOVERNMENT GOVERNS, PARLIAMENTARIANS PROMOGATE LAWS AND POLICE ENFORCE IT ETC.
LAWYER SAM OKUDZETO AND YOUR CO INTERLLECTUALS ARE SCRIPTURALLY BANKCRUPT AND IGNORANT. WE ARE TOLD TO PRAY ABOUT EVERTHING AND ANYTHING (WHATSOEVER WE DESIRE WHEN WE PRAY...)
PLEASE STOP WASTING OUR TIME AND LETS GET OUR SCHOOL CHILDREN OUT OF SCHOOLS UNDER TREES. YOU ARE IGNORANT.
kosoko 11 years ago

If currency values are not to be prayed for, what are the so called elite doing about it scientifically? What is wrong about prayers? Abaaa?

If currency values are not to be prayed for, what are the so called elite doing about it scientifically? What is wrong about prayers? Abaaa?
ESI 11 years ago

WHO TOLD YOU THAT CURRENCY VALUES ARE NOT PRAYED FOR? WHERE IN THE BIBLE ARE WE TOLD NOT TO PRAY FOR CURRENCY VALUES?
PLEASE STOP THIS USELESS AND LOOSE TALK. WE COULD PRAY FOR ANYTHING!

WHO TOLD YOU THAT CURRENCY VALUES ARE NOT PRAYED FOR? WHERE IN THE BIBLE ARE WE TOLD NOT TO PRAY FOR CURRENCY VALUES?
PLEASE STOP THIS USELESS AND LOOSE TALK. WE COULD PRAY FOR ANYTHING!
SASA 11 years ago

O IGNORANT GHANAIANS. WE GO TO THE CHINESE TO BORROW ALL THE TIME. ARE THEY PRAYING TO SOLVE THEIR PROBLEMS? IF YOUR CAR BREAKS DOWN DO YOU PRAY? ONLY A FOOL PRAYS IF THEY HAVE A FLAT TYRE. YOU GO TO A MECHANIC TO FIX YOUR CA ...
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O IGNORANT GHANAIANS. WE GO TO THE CHINESE TO BORROW ALL THE TIME. ARE THEY PRAYING TO SOLVE THEIR PROBLEMS? IF YOUR CAR BREAKS DOWN DO YOU PRAY? ONLY A FOOL PRAYS IF THEY HAVE A FLAT TYRE. YOU GO TO A MECHANIC TO FIX YOUR CAR.

MANNA WOULD NOT FALL FROM HEAVEN, A 90 YR OLD WOMAN WOULD NOT HAVE A BABY AGAIN, LIKE SARAH. NOBODY HAS WALKED ON WATER SINCE JESUS. STOP THE STUPIDITY.
Patroit 11 years ago

Okudjeto, are you looking for appointment. Not for old people like you. Young brains can think.

Okudjeto, are you looking for appointment. Not for old people like you. Young brains can think.
NO DISCRIMINATE - MAHAMA SUCKS 11 years ago

GOD HAS NOTHING TO WITH COUNTRY DEVELOPMENT - TECHNOLOGY , SCEINCE , INNOVATION AND MATH HAS NOTHING TO DO WITH GOD . GOD HAS NOTHING TO WITH ANY CURRENCY ON PLANET .

GOD HAS NOTHING TO WITH COUNTRY DEVELOPMENT - TECHNOLOGY , SCEINCE , INNOVATION AND MATH HAS NOTHING TO DO WITH GOD . GOD HAS NOTHING TO WITH ANY CURRENCY ON PLANET .
Kwasi Ntiamoah 11 years ago

Ghanaians do not think. God does not raise the value of any currency. He rather give men the wisdom and brains to solve their problems. If we can pray for a rise in value of a currency then currencies throughout the world wou ...
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Ghanaians do not think. God does not raise the value of any currency. He rather give men the wisdom and brains to solve their problems. If we can pray for a rise in value of a currency then currencies throughout the world would be equal. Instead of using the brain God has given us we always turn around, go back to God for problem solution. Stop disturbing God. If I may ask, how can a HIPC country's currency be at par with that of an advanced economy? No way. We were just jokers when zeros were removed from the cedi and prided ourselves by saying the cedi is equal to the dollar. Jokers.
Alex Kojo Sammy-Paris 11 years ago

Amen! nd....., nd that is that!, fr Samms! nd babye from now, God bless oman Ghana!...

Amen! nd....., nd that is that!, fr Samms! nd babye from now, God bless oman Ghana!...
dan 11 years ago

Currency falling is not a spiritual problem to pray for.Its the economy and policy of the current administration.

Currency falling is not a spiritual problem to pray for.Its the economy and policy of the current administration.
KOFI 11 years ago

This Okudzeto is wonderful. He deserves the highest honour in Ghana.

This Okudzeto is wonderful. He deserves the highest honour in Ghana.
Victor De Graft Hayford 11 years ago

I agree...Enough of this BLASPHEMY? In my opinion religion and politics dont mix and a leader who is an an christian with moslem bloodlines AND then free mason is confusing ...Not for me but for him and the future of Ghana. ...
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I agree...Enough of this BLASPHEMY? In my opinion religion and politics dont mix and a leader who is an an christian with moslem bloodlines AND then free mason is confusing ...Not for me but for him and the future of Ghana. we need unity and at the moment its 50 50. Lets come together and produce and export so as to save the cedi as against imports like plastic bags and environmentally protect our future from irresponsible development destroying native live nature. Conservation of all we have is getting destroyed from oil rigs (fish) and native land species...fortunately the birds can fly, but for how long? We need a strong but tolerant Government. Our problem is our self perceived and real culture challenge, and how we need to advance. When it comes to dashes and terminologically corruption... The criteria is that...Cleanliness is next to GODLINESS...No other way is possible. Ghanaians , Lets move forward and sacrifice for our own preservation.
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 11 years ago

stupid ndc idoit mahama,,

stupid ndc idoit mahama,,
Akuffo-Addo 11 years ago

What do you expect when the whole country was on vacation for 8 months watching the election petition.Productivity was very low and we keep importing and there were on inflows from investors.
There is nothing wrong with prop ...
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What do you expect when the whole country was on vacation for 8 months watching the election petition.Productivity was very low and we keep importing and there were on inflows from investors.
There is nothing wrong with prophets praying for the nation's economy and the currency.This Npp Okudzeto should shut up.
Akuffo-Addo 11 years ago

mean no inflows from investors

mean no inflows from investors
MAHAMA LOOT ND SHARE 11 years ago

MAHAMA EVIL THIEF MUST GET GHANIANS MONEY BACK TO THE NATION,WOYOME,OIL,GOLD TO IRIAN,ISOFOTON,WATERVILLE,TREES,AKONFEM,SADA,GYEEDA,USELESS NDC HATE THE TRUTH AND STO THIER NONSES BLAMING NPP,NOW NDC MAHAMA EMPTY HEAD,HE IS I ...
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MAHAMA EVIL THIEF MUST GET GHANIANS MONEY BACK TO THE NATION,WOYOME,OIL,GOLD TO IRIAN,ISOFOTON,WATERVILLE,TREES,AKONFEM,SADA,GYEEDA,USELESS NDC HATE THE TRUTH AND STO THIER NONSES BLAMING NPP,NOW NDC MAHAMA EMPTY HEAD,HE IS IN POWER,WHAT CAN HO DO FOR THE NATION ???? PERIOD FOOOOOLS
When Will They Ever Learn 11 years ago

WHILE ADVANCED AND ADVANCING NATIONS
BURN THE MID NIGHT OIL TO STUDY THE RELEVANCE OF NATURE'S LAWS TO THE THEIR LIVES WE BEING TOLD TO LEAVE TO GOD.
FELLOW GHANAIANS ! GOD IS NO LONGER IN THE
MIRACLE WORKING BUSINESS. ...
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WHILE ADVANCED AND ADVANCING NATIONS
BURN THE MID NIGHT OIL TO STUDY THE RELEVANCE OF NATURE'S LAWS TO THE THEIR LIVES WE BEING TOLD TO LEAVE TO GOD.
FELLOW GHANAIANS ! GOD IS NO LONGER IN THE
MIRACLE WORKING BUSINESS. IF ANYTHING AT ALL,
GOD SET UP A PROCESS SOME FOURTEEN BILLIONS
YEARS AGO AND LEFT HUMANS IN CHARGE TO DISCOVER THESE LAWS FOR ADVANCEMENT.UNLESS WE EMULATE THESE COUNTRIES,WE SHALL FOREVER REMAIN THEIR PREY.
JOHN from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
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If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
JOHN from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
John from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
John from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
John from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
John from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.
John from Australia 11 years ago

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. ...
read full comment

If God can heal those declared useless by our doctors, then indeed God can miraculous stabilize the currency. Of course God when prayed in faith responds beyond the imagination of men. I will say currency can be prayed for. Well done Duncan williams for your Prophetic declaration.

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Currency values are not prayed for – Okudzeto

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