BoG replies Bawumia

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aussie 11 years ago

he was right we can all see that

he was right we can all see that
Zoobie-Zoobie 11 years ago

not quailed for the job...

not quailed for the job...
Observer 11 years ago

The rates could have been taken from Ghana News Agency (GNA) and Zongo Lane on the black market. They are nearer home and would have given the figures on the ground. No wonder

The rates could have been taken from Ghana News Agency (GNA) and Zongo Lane on the black market. They are nearer home and would have given the figures on the ground. No wonder
moyo 11 years ago

Dr. Bawumia is an accountant not economist and he has been making wrong assessment about issues he knows little about.

Dr. Bawumia is an accountant not economist and he has been making wrong assessment about issues he knows little about.
KOLA ,LONDON PROPER 11 years ago

I really doubt Bawumia has any economics brain as his Dargatti economics is rather killing confidence in the economy.

I really doubt Bawumia has any economics brain as his Dargatti economics is rather killing confidence in the economy.
SGT ANANI FIADZOE 11 years ago

Because you are a thief and brigand, who does not want to see our country Ghana to be administered by credible, selfless qualified and dynamic politicians in other to up grade the progress of our nation,I command the Almighty ...
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Because you are a thief and brigand, who does not want to see our country Ghana to be administered by credible, selfless qualified and dynamic politicians in other to up grade the progress of our nation,I command the Almighty Lord to descend heavily on you and your family and you will never ever see the end of your life until all cattle comes home.

In the sharp spear word of God says the wages of sin is death, and the
death awaits you and your family.
catch a fire and kweku adjei 11 years ago

Shut up and mind your fucking business,who are you to call someone a thief,you Ghana have no respect for your ethers at all

Shut up and mind your fucking business,who are you to call someone a thief,you Ghana have no respect for your ethers at all
SGT ANANI FIADZOE 11 years ago

Is such monkey needs to be respected, he should not go and steal, lie and rob the majority people of this country and expected to be respected, the respect we the majority and civilized people can afford can afford to offer ...
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Is such monkey needs to be respected, he should not go and steal, lie and rob the majority people of this country and expected to be respected, the respect we the majority and civilized people can afford can afford to offer a thief is to help for him to be sent to jail at Nsawam if he is lucky or perhaps be sent to Teshie Range to be sprayed with bullets. Kwasea, respect, you
mad.
Smart Frempah, UK 11 years ago

What is wrong with this Kola man? If you are really in London, can we arrange and meet? If the UK was to be governed by idiotic brains like yours you and I wouldn't have had a good haven here. You are an irratator and the fa ...
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What is wrong with this Kola man? If you are really in London, can we arrange and meet? If the UK was to be governed by idiotic brains like yours you and I wouldn't have had a good haven here. You are an irratator and the fact that you don't live in permanently, you don't give a hoot of what is happening there. Or is it the fact that this is the way you were brought up. You have access to the internet and lives in a civilised and democratic country like the UK and your contributions here are a disgrace.
All said, Dr. Bawumia is right. Currently, while the £ rate perged at 5.18 it's officially being sold at the GCB over 6.1. According to the BoG Governor there is no liquidity in the market. Who is the cause? When we are to discuss serious issues that affect our beloved country, you always put in a foot. You are a disgrace to all those Ghanaians living here.
fabian japheth 11 years ago

i thought you talking about civilisation you would probably had been a leader in it but after the final glimpse at your script, i saw that, you are never beyond uncivilised people, you are untamed, sorry am using such words ...
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i thought you talking about civilisation you would probably had been a leader in it but after the final glimpse at your script, i saw that, you are never beyond uncivilised people, you are untamed, sorry am using such words on yo you.. I just completed my program in mfantsipim school, and looking at the tution i had, hmmmmm, am really okay with it.. You have proven beyond doubts that you had no education in you.. What makes Bawumia's statement right? You can even write better..you have politicise it and thats how you ghanaian are doing. You all dont speak the truth...npp and ndc are not great thinkers. We all know that bawumia is doing this in the name of power. Look why didnt go to help if he knew that was the problem if he really loves Ghana and he is a ghanian.

When I am not 11 years ago

Some people don't have brains but sometimes when you keep quite it makes no sense. Who told you Dr Bawumia is a Dargati? Continue your research. And if he were a Dargati and so what? Swine you.

Not that what Dr Bawaumia sa ...
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Some people don't have brains but sometimes when you keep quite it makes no sense. Who told you Dr Bawumia is a Dargati? Continue your research. And if he were a Dargati and so what? Swine you.

Not that what Dr Bawaumia said matters or makes sense. He would have behaved the same way as the Goveneor a few years when he worked at the BoG.
Teacher 11 years ago

Illiterate fool, say any economic brain not any economics brain.

Illiterate fool, say any economic brain not any economics brain.
PAUL LISTTER 11 years ago

No he is a dagomba head of economics

No he is a dagomba head of economics
Dessy 11 years ago

Bawumia is on "sound-bites"..he has nothing to offer

Bawumia is on "sound-bites"..he has nothing to offer
DAVID 11 years ago

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eugene 11 years ago

or advertize on craigslist.org

or advertize on craigslist.org
Onipanua 11 years ago

Really pathetic...Wampah, you are pathetic...

Really pathetic...Wampah, you are pathetic...
Zoobie-Zoobie 11 years ago

unqualified and incompetent

unqualified and incompetent
ATO 11 years ago

OH DR WAMPAH? AND YOU ARE STILL BANK OF GHANA's BOSS. WHAT WAS THEN YOUR COUNTRY'S DETERMINANTS FOR YOUR RATINGS KNOWING YOU DID'NT HAVE LIQUIDITY. THE DAYS OF LYING IS OVER. DR BAWUMIA IS WATCHING. I KNOW THERE IS ANOTHER BO ...
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OH DR WAMPAH? AND YOU ARE STILL BANK OF GHANA's BOSS. WHAT WAS THEN YOUR COUNTRY'S DETERMINANTS FOR YOUR RATINGS KNOWING YOU DID'NT HAVE LIQUIDITY. THE DAYS OF LYING IS OVER. DR BAWUMIA IS WATCHING. I KNOW THERE IS ANOTHER BOMBSHELL EXPOSURE COMING VERY SOON FROM HIM.
Ericus-Ericus 11 years ago

Is BoG, Wampah serious?

Is BoG, Wampah serious?

Joe Turkey 11 years ago

Aren't there any economists in the NDC? What does Wampah take Ghanaians for? Bank of Ghana does not have any figures from Reuters so also does not have "any numbers to work with". The Central Bank does not even have any means ...
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Aren't there any economists in the NDC? What does Wampah take Ghanaians for? Bank of Ghana does not have any figures from Reuters so also does not have "any numbers to work with". The Central Bank does not even have any means of knowing or determining the exchange rates other than wait for Reuters. So how then does the MPC make its decision. Any wonder they can't even tell the inconsistency between the SS quoted inflation, exchange rates and interest rates. If Reuters suffers technical difficulties for six months, the Bank of Ghana will not have any credible monetary policies. So how does this foolish statement answer Bawumia? Wampah has also said (in another statement) that the fall in the value of the cedi was due to speculation; that is what determines exchange rates everywhere on Planet Earth. One of the duties of any Central Bank in the world is to diffuse the speculation by taking the appropriate actions. Wampah's Bank of Ghana took the opposite action in the attempt to artificially raise the value of the cedi. Will someone please ask Wampah to resign for lack of depth of Ghana's economy or show him the exit. I wonder if Wampah is performing any better than Kwesi Appiah.
fredsaid 11 years ago

CANT ADD ANY MORE TO YOUR POINTS MADE EXCEPT THAT GHANA IS BEING MISMANAGED BY SHEER INCOMPETENT PEOPLE POLITICALLY PATRONAGED.

CANT ADD ANY MORE TO YOUR POINTS MADE EXCEPT THAT GHANA IS BEING MISMANAGED BY SHEER INCOMPETENT PEOPLE POLITICALLY PATRONAGED.
Poly 11 years ago

Bawumia is just playing politics. He knows that. Make noise and it will turn into music.

Bawumia is just playing politics. He knows that. Make noise and it will turn into music.
fredsaid 11 years ago

wEEKS after dr Bawumiah's comments and criticism is that the best the bank of Ghana chief can come up with?

Why did it take you so long to respond? Your reputation as a professional banker is really in the gutters; bloody ...
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wEEKS after dr Bawumiah's comments and criticism is that the best the bank of Ghana chief can come up with?

Why did it take you so long to respond? Your reputation as a professional banker is really in the gutters; bloody incompetence.
karbo naalongzie-wa 11 years ago

we will not vote for u npp

we will not vote for u npp
Kofi - USA 11 years ago

HOW LONG DID IT TAKE? CLUELESS PEOPLE RUNNING THE COUNTRY.

HOW LONG DID IT TAKE? CLUELESS PEOPLE RUNNING THE COUNTRY.
ASH-TOWN ABRANTIE-MMROM-KSI 11 years ago

THIS IS DEAD NEWS BOG. AND BESIDES WHY TAKE SUCH LONG TO RESPOND. DID YOU NOT HAVE THE FACTS.SHAME, SHAME SHAME ON YOU. NDC YOUR TEAM B MINISTERS WILL INSTANLY JUMP TO CONDEMN INNOCENT CITIZENS FOR EXPRESSING THEIR VIEWS ON T ...
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THIS IS DEAD NEWS BOG. AND BESIDES WHY TAKE SUCH LONG TO RESPOND. DID YOU NOT HAVE THE FACTS.SHAME, SHAME SHAME ON YOU. NDC YOUR TEAM B MINISTERS WILL INSTANLY JUMP TO CONDEMN INNOCENT CITIZENS FOR EXPRESSING THEIR VIEWS ON THE STATE OF THE ECONOMY, A SYTO NDC MINISTER JUMPED TO CONDEMN THE CHRISTIAN COUNCIL WITHIN HOUR THE COUNCIL COMMENTED ON THE STATE OF THE ECONOMY.IT HAS BEEN OVER A MONTH SINCE BAWUMIA MADE THIS ANALYSIS, SINCE THIS INVOLVED BRAIN WORK ALL YOU DUMMY BRAINLESS NDC MINISTERS WENT DEAD SILENT . YOU WAITED FOR OVER A MONTH TO COOK SOME VAGUE FIGURES TO SUPPORT YOUR ARGUEMENT.DO YOU KNOW WHY NDC MINISTERS ARE TEAM B. SHAME SOME ARE EVEN IN SCHOOL NOW. THEY DONG HAVE THEQUALIFICATION. ONLY IN GHANA
SADIQ 11 years ago

wampah i beg of you. better go n seek knowledge from this man n stop bloffing

wampah i beg of you. better go n seek knowledge from this man n stop bloffing
young boy 11 years ago

Hey BoG don't think ur talking to ur kids at least give a ghanaians a lil respect by telling them the truth.....
BoG ur a lair

Hey BoG don't think ur talking to ur kids at least give a ghanaians a lil respect by telling them the truth.....
BoG ur a lair
Richard Amoah 11 years ago

How can the BoG not do any trading in the last two months? This is unbelievable. Who's job is it to ensure that there is sufficient liquidity in the market? Is this the same with all the Central banks in the world? Please res ...
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How can the BoG not do any trading in the last two months? This is unbelievable. Who's job is it to ensure that there is sufficient liquidity in the market? Is this the same with all the Central banks in the world? Please respond if you know about these things

BAFFOUR -- YAW 11 years ago

Bank of Ghana trying to come with propaganda that has been the engine and tools for NDC,they know very well when euro-bond and cocoa loan succeed Ghanaians can easily been fool.

Bank of Ghana trying to come with propaganda that has been the engine and tools for NDC,they know very well when euro-bond and cocoa loan succeed Ghanaians can easily been fool.
Zak 11 years ago

Bank Of Ghana, are you serious? Brother JM, please, deal with this situation if true he said that.

Bank Of Ghana, are you serious? Brother JM, please, deal with this situation if true he said that.
saco saviour church 11 years ago

now u go back. to de. drawing board

now u go back. to de. drawing board
De-Graft 11 years ago

NDC is not a party, is an armed robbery group, they come and rob the country and leaves the country with nothing, if NPP come and solve the problem, they come back again and steal again. Ghanaians wise up, the founder knew th ...
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NDC is not a party, is an armed robbery group, they come and rob the country and leaves the country with nothing, if NPP come and solve the problem, they come back again and steal again. Ghanaians wise up, the founder knew this that's y he left he's own party.
Wampah 11 years ago

NDC propaganda at its best. Even a kindergarten kid knows better han these NDC appointees. No wonder Mahama is destroying the country.

NDC propaganda at its best. Even a kindergarten kid knows better han these NDC appointees. No wonder Mahama is destroying the country.
Skains 11 years ago

This gut, Bawumia, seems to me to be a traitor. I don't know why he's so much inteested in talking about crises, not even crisis, in relation to Ghana. If he's really a sensible intellectual, he would have been using his int ...
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This gut, Bawumia, seems to me to be a traitor. I don't know why he's so much inteested in talking about crises, not even crisis, in relation to Ghana. If he's really a sensible intellectual, he would have been using his intelligence to helo in solving economic problems instead of mocking at them.
Ametofe kudjo 11 years ago

Skains or whatever you call yourself,I dont understand what you mean,.Your NDC group of robbers are not ready to listen to anybody who wants to help solve ghana's problem but rather ,those who will 'steal and share' Have you ...
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Skains or whatever you call yourself,I dont understand what you mean,.Your NDC group of robbers are not ready to listen to anybody who wants to help solve ghana's problem but rather ,those who will 'steal and share' Have you soon forgotten Mahama's favourate music?---Yentie Obiaaaaaa! Where is Wayome's money?.Let us be obective.The man Bawumiah saw the economy collapsing, he informed your 'Create Loot and Share' group of companies, but did not listen .Now look at the Dollar.Open your eyes well!!!!!Dont follow the 'fool soldiers'
NANAO!! MOTHER 11 years ago

When your stipid NDC says yentee obiaa.Did Bawumia not advice them you idiot.

When your stipid NDC says yentee obiaa.Did Bawumia not advice them you idiot.
Amo - Afreh 11 years ago

NDC ...UR DAYS N MOMENTS..R NUMBERED...HELL N....AWAITS U ALL AMEN

NDC ...UR DAYS N MOMENTS..R NUMBERED...HELL N....AWAITS U ALL AMEN
KY 11 years ago

Who is this man at all. why wait till this time and yet telling us about REUTERS. He must loose his job if indeed we have serious govt.

Who is this man at all. why wait till this time and yet telling us about REUTERS. He must loose his job if indeed we have serious govt.
TKG 11 years ago

Oh Mawu! This is intellectual bankruptcy. Are there no learned people in Bank of Ghana (BoG). How on earth can you take (or fix) inter bak rate from a media source? Please note that Bawumia said "in my humble opinion..." His ...
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Oh Mawu! This is intellectual bankruptcy. Are there no learned people in Bank of Ghana (BoG). How on earth can you take (or fix) inter bak rate from a media source? Please note that Bawumia said "in my humble opinion..." His position was confirmed by other Economists in the country. Is BoG suggesting that its reference point in making financial decisions includes media? In that case, I will have no doubt that the country is doomed. How can you cite media sources as credible evidence. BoG, please stop the spin and nonsense, the nation is on a brink.
Mic 11 years ago

Please save us this noise.

Please save us this noise.
HASSAN YAAYIMA _ Jasikan 11 years ago

i cant understand wat u mean by reply.
where is the reply.
bunch of dafts nd nincompoops

i cant understand wat u mean by reply.
where is the reply.
bunch of dafts nd nincompoops
obibs 11 years ago

The Bank of Ghana relies on Reuters to quote its own bank rates ? Does it not have the means to conduct its own research ? How accurate are the figures quoted by Reuters ? Good heavens ! Do we have a serious governor ? Does t ...
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The Bank of Ghana relies on Reuters to quote its own bank rates ? Does it not have the means to conduct its own research ? How accurate are the figures quoted by Reuters ? Good heavens ! Do we have a serious governor ? Does the Ghana Statistical Service also rely on Reuters for its figures ?
Nana Egyir Aggrey 11 years ago

The country is bankrupt so what is the point talking about figures which do not exist. The Bank of Ghana with the help of the IMF and the World Bank always manipulate the figures.When the country is in the 'Red' we are told t ...
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The country is bankrupt so what is the point talking about figures which do not exist. The Bank of Ghana with the help of the IMF and the World Bank always manipulate the figures.When the country is in the 'Red' we are told that we have 'Surplus'. And because we are vulnerable, ignorant and stupid, we congratulate the government of the day. It does not matter what party is in power. They are all corrupt. You do not sell state assets if you have surplus. Let us talk about EBOLA when it strikes. The health institutions are collapsed, every town and city in the country are dirty. According to the medical experts, EBOLA thrives on bad sanitation. The health minister will be the first to be attacked by EBOLA. The greedy bastards will not be spared because they are responsible for the filth and stench in the country. In this day and age, we defecate and urinate everywhere like animals. What a shame;- most of the so called politicians in the country were educated in english and american universities. They were taught how to speak and write white man's language. The white man did not teach him about hygiene/sanitation. And so the uncivilised bush man returned back home with the same bad habit, peeing and shiting everywhere like dog- Nana Egyir Aggrey Snr citizen
I say 11 years ago

Last time I looked there was no interbank rate available for Ghana let alone a lot of African markets? By issuing that statement all that Wampah has said means Bank Of Ghana simply grabs figures from Reuters about the rates f ...
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Last time I looked there was no interbank rate available for Ghana let alone a lot of African markets? By issuing that statement all that Wampah has said means Bank Of Ghana simply grabs figures from Reuters about the rates for various countries and presents them but does not itself generate the true records of the interbank rate between Ghana and all other foreign currencies. I took a look at the Bank of Ghana web site and its very sad. Surely there are lots of well skilled ghanaian web developers working in High and Mighty places. Every bank in the world uses bankofthis or bank of that.com. Bank of Ghana uses BOG. do you know what BOG means? No wonder we cannot get out of the dirt. I cannot believe its taken Bank of Ghana this long to reply.
TNT 11 years ago

Only fools rush to react to garbage such as Bawumia's statements. the late Prof. Mills was a great leader for not rushing to respond to idiotic comments. Ghanaians love headline grabbers. Is it because we can't think and anal ...
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Only fools rush to react to garbage such as Bawumia's statements. the late Prof. Mills was a great leader for not rushing to respond to idiotic comments. Ghanaians love headline grabbers. Is it because we can't think and analyze issues for ourselves? What is our country's literacy level? What Bawumia said was no brainer and did not even warrant response from the governor. I googled to check the educational backgrounds of Wampah and Bawumia. The current governor graduated from the prestigious McGill Univ in Canada where eminent former governors like Dr. Agama and others graduated from. he was also an outstanding student at Legon. Wampah was recruited competitively to BoG. Find out before you become a John McCain. A word to the wise...
THE GENERAL 11 years ago

You call yourself a teacher and you just betrayed your ignorance. Do you understand economic brain? Kola is right, aleast, for this one.

You call yourself a teacher and you just betrayed your ignorance. Do you understand economic brain? Kola is right, aleast, for this one.
THE GENERAL 11 years ago

yu are dumb! economics brain is the right word!

yu are dumb! economics brain is the right word!
James 11 years ago

So Reuter is much more competent, resourced, reliable than our own BoG. God save Ghana and Africa.

we do we shoot our selves in the mud like this as a country?

This and all other things happening in our country goes to ...
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So Reuter is much more competent, resourced, reliable than our own BoG. God save Ghana and Africa.

we do we shoot our selves in the mud like this as a country?

This and all other things happening in our country goes to confirm that, the black man is willing but not ready to manage it own affairs.
Haj 11 years ago

What a useless talk. You have to sit in Ghana for Reuters to give you interbank rates. Why can you collect them yourself Mr Governor in Ghana Mr Governor. Sincerely, I think the Governor has rather worsen his case and exoner ...
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What a useless talk. You have to sit in Ghana for Reuters to give you interbank rates. Why can you collect them yourself Mr Governor in Ghana Mr Governor. Sincerely, I think the Governor has rather worsen his case and exonerated Dr Bawumia.
YAW 11 years ago

Ghanaian banks also get their rates from Reuters yet their rates are hugely different from that of BoG. Clearly there is an element of fraud in the official rates provided by BoG.

Ghanaian banks also get their rates from Reuters yet their rates are hugely different from that of BoG. Clearly there is an element of fraud in the official rates provided by BoG.
tonyalexis 11 years ago

There are certain things that doesn't need to be politicised. Be careful the image of Ghana

There are certain things that doesn't need to be politicised. Be careful the image of Ghana
Domiabra 11 years ago

Has any of the critics and name callers ever researched to find out where other banks in Africa get their rates from? but no, we easily swallow what is spewed out because it comes from an opposition member candidate just to s ...
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Has any of the critics and name callers ever researched to find out where other banks in Africa get their rates from? but no, we easily swallow what is spewed out because it comes from an opposition member candidate just to spite the government. Be careful because when we tarnish Ghana's image, we drive away investors and we all suffer. the same fate awaits any in-coming government that uses scaremongering and lies to gain political advantage. Whatever we say and write is taken into consideration by investors. so go ahead and cut your nose to spite your face, Ghana will be the ultimate loser.
Md 11 years ago

What do you mean by Reuters. Don't you listen to Ghanaians and the reality on the ground

What do you mean by Reuters. Don't you listen to Ghanaians and the reality on the ground
Kwabena Anim 11 years ago

Then Dr Bawumia was not far from the truth then. how could the Bank announce rates when there has not been trading? It boils down to the fact that there was something wrong somewhere.

Then Dr Bawumia was not far from the truth then. how could the Bank announce rates when there has not been trading? It boils down to the fact that there was something wrong somewhere.
ERIC 11 years ago

This is no reply to Dr. Bawumia! Wampah better come out with a more credible explanation.

To argue that figures presented by BOG were derived from Reuters reports is GROSS IMCOMPETENCE! How can the Bank of Ghana rely on Re ...
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This is no reply to Dr. Bawumia! Wampah better come out with a more credible explanation.

To argue that figures presented by BOG were derived from Reuters reports is GROSS IMCOMPETENCE! How can the Bank of Ghana rely on Reuters interbank rates to argue that the excgange rate is Ghc3.025 to $1 (one US dollar)?

What is the purpose of the Central Bank of Ghana? Why is Wanpah paid as a governor, with two other deputies?

Just qoute what Reuters says. Even if Reuters said it, credible governor have repeated those figures knowing that the exchange rate was $3.75 -$4.0 for Ghc 1?

WHERE IS THE CREDIBILITY Mr Wanpah and the BOG? SHAME!

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BoG replies Bawumia

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