Wampah baits inflation with cedi magic

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tht lonhave yue crusader.the only. 10 years ago

Hold your guns and dont boast krachi.Buggers are vomming home with their yearl or txo savings anstea of praising them what are talking folk think ? How much do diasporans pump into the system pet annum? And how much do they ...
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Hold your guns and dont boast krachi.Buggers are vomming home with their yearl or txo savings anstea of praising them what are talking folk think ? How much do diasporans pump into the system pet annum? And how much do they steal into s.african dubai accounts? May the goodlord decend on you thieves amrn
Baah 10 years ago

With all this good fortune with the Cedi appreciation, when will this translate into price decreases on goods for the ordinary Ghanaian. Should this not be the end objective. All to often the only gainers are these thieving ...
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With all this good fortune with the Cedi appreciation, when will this translate into price decreases on goods for the ordinary Ghanaian. Should this not be the end objective. All to often the only gainers are these thieving banks who never pass on any savings into the lending rate.
Concerned 10 years ago

I suspect bog printed far too much money and that is what came back to bite us. Putting dollars into the system is having the effect of absorbing the excess liquidity in the system. If the government doesn't permanently keep ...
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I suspect bog printed far too much money and that is what came back to bite us. Putting dollars into the system is having the effect of absorbing the excess liquidity in the system. If the government doesn't permanently keep the absorbed cedi out of circulation or at least match it's release to gdp growth, all the effort would be wasted.
Any budget deficit have to be financed somehow and asking the central Bank to fund part of it outside of reserves will mean external borrowing or printing of money which devalues the currency and causes inflation.
Let's see what happens during the election. The wasting of government money during the election will only be felt months after the event.
JOE 10 years ago

Henry Kofi Wampah is talking Bullshit.

Henry Kofi Wampah is talking Bullshit.
Douglas. Bristol-UK' 10 years ago

This is not a sustainable policy and it wont work.

This is not a sustainable policy and it wont work.
tht lonhave yue crusader.the only. 10 years ago

Akromfo aban Nyamee ahu mo enti ebesi ghana yie

Akromfo aban Nyamee ahu mo enti ebesi ghana yie
SAMITU ROSE 10 years ago

NDC CANT CREATE LOOT SHARE AND WEEP WHEN CAUGHT ONLY TO TURN AROUND AND PRAY DAILY IN THE FLAGSTAFF HOUSE FOR MIRACLES AND GOD'S WONDERS TO HELP GHANA.....NEVER NEVER NEVER, NDC ARE SO FULL OF THIEVES WHOSE ONLY AIM IS TI EXP ...
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NDC CANT CREATE LOOT SHARE AND WEEP WHEN CAUGHT ONLY TO TURN AROUND AND PRAY DAILY IN THE FLAGSTAFF HOUSE FOR MIRACLES AND GOD'S WONDERS TO HELP GHANA.....NEVER NEVER NEVER, NDC ARE SO FULL OF THIEVES WHOSE ONLY AIM IS TI EXPLOIT TRIBALISM AND ETHNICITY AGAINST AKANS TO WIN POWER WHILST LOOTING WITH FRIENDS, CRONIES, FAMILIES LIKE RLG, ZOOMLION, WOYOME, BETTYMOULD, BARTON ODRO, ETC ETC......WE WILL CONTINUE TO SUFFER DUE TO THE HEAVY THIEVERY OF THE NDC THRO FAKE JDT DEBTS, 8.7 OVEREXPENDITURE IN 2012 FOR MAHAMA TO WIN ELECTIONS ETC
baby luv 10 years ago

The words of our mouths are very powerful so why don't we start talking positively into our situations
God bless us and mother Ghana

The words of our mouths are very powerful so why don't we start talking positively into our situations
God bless us and mother Ghana
SAMITU ROSE 10 years ago

NDC IS DELIBERATELY DESTROYING GHANA AND THINK GOD WILL PLAY ALONG.....NEVER NEVER NEVER......LISTEN TO THE SHEER WASTE OF PUBLIC FUNDS FOR SMALL JOBS DONE AND U WILL REALLY APPRECIATE THE EVILNESS OF THE NDC WHO THINK HAVING ...
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NDC IS DELIBERATELY DESTROYING GHANA AND THINK GOD WILL PLAY ALONG.....NEVER NEVER NEVER......LISTEN TO THE SHEER WASTE OF PUBLIC FUNDS FOR SMALL JOBS DONE AND U WILL REALLY APPRECIATE THE EVILNESS OF THE NDC WHO THINK HAVING SHARP-TONGUED SPOKES PERSONS TO SPEW OUT LIES UPON LIES WILL SEE THEM WIN ELECTIONS UPON ELECTIONS.....WELL, LET THEM WIN WITH EVIL DEEDS BUT THE OUTCOME WILL BE THERE FOR GHANAIANS TO SUFFER PAAAAAAAAAAA,,,,,,,,WHATSOEVER NDC IS SOWING NOW, GHANA WILL REAP IN DUE COURSE
Ben 10 years ago

Lovely brother some people just don't want to hear any good of this country just because of politics

Lovely brother some people just don't want to hear any good of this country just because of politics

Concerned Citizen 10 years ago

My brother, a wise man will not count his chickens before they hatch.
Give this thing some time. Magic has never been known to sustain man's needs.

My brother, a wise man will not count his chickens before they hatch.
Give this thing some time. Magic has never been known to sustain man's needs.
Uncle Al. 10 years ago

Your knees are beginning to wobble now that things are taking shape for the better, it is going to get much better and you doomsayers will keep your mouths shut once and for all.

Your knees are beginning to wobble now that things are taking shape for the better, it is going to get much better and you doomsayers will keep your mouths shut once and for all.
SAMITU ROSE 10 years ago

THINGS ARE BEGINNING TO TAKE SHAPE?......WE ALL LOVE GHANA BUT IT DOESNT MEAN WE SHDNT CALL THIEVES BY THEIR RIGHT NAMES WHEN THEY CREATE LOOT SHARE AND WEEP WHEN WE CATCH THEM.....UR NDC ARE THIEVES AND WORSE OF ALL, THEY AR ...
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THINGS ARE BEGINNING TO TAKE SHAPE?......WE ALL LOVE GHANA BUT IT DOESNT MEAN WE SHDNT CALL THIEVES BY THEIR RIGHT NAMES WHEN THEY CREATE LOOT SHARE AND WEEP WHEN WE CATCH THEM.....UR NDC ARE THIEVES AND WORSE OF ALL, THEY ARE INEFFICIENT AND MALICIOUS AS THEY THIEVED SADA MONEY MEANT FOR POOR PEOPLE IN NORTH AND VOLTA...8.7 BN GHC OVEREXPENDITURE IN 2012 TO WIN ELECTIONS.....OVER ONE BN DOLLARS IN FAKE JDGT DEBTS ETC AND YET U CANT CALL THEIR ACTS SINFUL AND THE CAUSE OF OUR WOES?....U MUST BE VERY STUPID INDEED.
Togbe Fiti 10 years ago

This voodoo wampanomics will fall flat and land the country in a crisis come January 2016. Once the Nigerians invade the country to buy the cheap dollars on the market we will be back to square one. Trust me.

This voodoo wampanomics will fall flat and land the country in a crisis come January 2016. Once the Nigerians invade the country to buy the cheap dollars on the market we will be back to square one. Trust me.
jayjay,Johannesburg 10 years ago

so which one do you want?depreciation or appreciation of the cedi?.why do we have the habit of negatively commenting on anything in ghana.if the cedi is depreciating against the dollar,u insult the government if it is appreci ...
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so which one do you want?depreciation or appreciation of the cedi?.why do we have the habit of negatively commenting on anything in ghana.if the cedi is depreciating against the dollar,u insult the government if it is appreciating also u insult the government. what at all do we want?is it because u want npp to come to power?come on Ghanaians let's be reasonable the country is ours and not a political party or any one person.thank u Mr Wampah.I appreciate ur effort
Francis C. Quainoo 10 years ago

jayjay, of Johannesburg; I fully agree with your expressed sentiments of our Ghanaian Politics which has always been bordered between the two major Parties, being NPP or NDC(COCAINDC).

I know for a fact that even "keeping ...
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jayjay, of Johannesburg; I fully agree with your expressed sentiments of our Ghanaian Politics which has always been bordered between the two major Parties, being NPP or NDC(COCAINDC).

I know for a fact that even "keeping fit programmes " in Ghana has now been on Party Lines. So we must now agree that it may be quite impossible to have a good married relationship without either the husband or the wife belonging to a different of the two Parties.

However, dealing with both Inflationary measures and the CEDI Appreciation or Depreciation can NOT be made different from what I have just espoused.

This is because, most of us in the Diaspora over the last FORTY YEARS can easily tell when we know that our local Currency is being MANIPULATED BY THE BANK OF GHANA.
And the same goes with the INFLATIONARY FORECAST.

It must be clearly understood that the immediate Depreciation of our Cedi and the Mismanagement of the Economy led to the culmination of the IMF.

That is to say, the country Ghana couldn't EXPORT much of her Commodities, thus relying on massive borrowing to pay DEBTS much of which may also had gone into PARTY COFFERS and INDIVIDUALS.

In fact there are so many that I can actually dwell on this scenario, including the Government maintaining their HOPE OF THE CONSTANT REMITTANCES FROM US IN THE DIASPORA, WHICH ARGUABLY COULD BE THEIR NUMBER ONE FOREIGN EXCHANGE PRODUCT.

Now, for the CEDI to gain such sudden APPRECIATION which does NOT in anyway collate with our Manufacturing Exports, coupled with some Businesses relocating outside the COUNTRY, DUMSOR, making it hard for local Manufacturers and other many factors: WHO THE HELL WOULD EVER ACCEPT THIS PRESENT PHENOMENON???

If the IMF being our present ADMINISTRATIVE RECEIVERS had given us some gradual HOPE of Economic Recovery, we may had accepted that; but for these POLITICALLY INSTITUTED CRONIES, it does sound DUBIOUS in the minds of the good Ghanaian People.

This same Dr. WAMPAH recently threatened the DULLARD MAHAM GOVERNMENT if MONIES owed to the Bank of Ghana was NOT paid on time as promised.

So in the final chapter, the Bank of Ghana should NOT think of the GOODWILL of the GHANAIANS IN THE DIASPORA for him to succeed IN MANIPULATING THE CEDI.

THINK IT OUT LOOD, MATE!!!!

Best Regards,

Francis C. Quainoo
Western Australia
Ben 10 years ago

Brother, dead on, some people can not see any good under ndc, but the country is much bigger than politics. Good job Wampa

Brother, dead on, some people can not see any good under ndc, but the country is much bigger than politics. Good job Wampa
Bobo 10 years ago

You are right and if that happened we in big trouble. You can't even get dolled on the black market

You are right and if that happened we in big trouble. You can't even get dolled on the black market
Kate 10 years ago

Ok I hear you but what will the Nigerians use to buy the cheap Dollars on the market? Gh Cedis or Naira?

Ok I hear you but what will the Nigerians use to buy the cheap Dollars on the market? Gh Cedis or Naira?
Kofi 10 years ago

Hmmm, I wonder how many of the journalist at the press conference really grabbed the import of what the governor said. At least from reading this report, it is clearly evident that the writer didn't because of too much econo ...
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Hmmm, I wonder how many of the journalist at the press conference really grabbed the import of what the governor said. At least from reading this report, it is clearly evident that the writer didn't because of too much economic jargon which he couldn't break down for his readers. We leave in a country of only 50% literates I dare say but speak big English more than the English man. God help us.

WARD GDX - WE THE PEOPLE 10 years ago

These crooks and fools are running the country like a poncy scheme.

You borrow money to shore up the always fleeting cedi and you think this some magic bullet to revive a paralyzed economy.

It is amazing how thes ...
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These crooks and fools are running the country like a poncy scheme.

You borrow money to shore up the always fleeting cedi and you think this some magic bullet to revive a paralyzed economy.

It is amazing how these jokers take Ghanaians for ndc fool soldiers
Douglas. Bristol-UK' 10 years ago

You can't trust NDC on the economy

You can't trust NDC on the economy
JATO KWASHIVI RAWLINGS 10 years ago

KOFI WAMPAH IS A PHD HOLDER, ONLY IN NAME. HE DOES NOT KNOW WHAT RUNNING A CENTRAL BANK IS ALL ABOUT. HE IS JUST WORKING BY TRY AND ERROR. HE CANNOT HACK IT. THE CEDI HOLDS STEADY FOR A FEW SECONDS AND HE IS HAVING A BANQUET ...
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KOFI WAMPAH IS A PHD HOLDER, ONLY IN NAME. HE DOES NOT KNOW WHAT RUNNING A CENTRAL BANK IS ALL ABOUT. HE IS JUST WORKING BY TRY AND ERROR. HE CANNOT HACK IT. THE CEDI HOLDS STEADY FOR A FEW SECONDS AND HE IS HAVING A BANQUET TO CELEBRATE, HAVING CAUGHT THE NDC PROPAGANDA SICKNESS. REALLY SAD!!!!!!!
Y B 10 years ago

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Emma 10 years ago

LETS ADDRESS THIS BEFORE IT GETS TOO LATE, THE INDIANS AND THE CHINNESE ARE JUST BUYING ALL THE DOLLARS FROM THE BANKS,,,,

LETS ADDRESS THIS BEFORE IT GETS TOO LATE, THE INDIANS AND THE CHINNESE ARE JUST BUYING ALL THE DOLLARS FROM THE BANKS,,,,
NO MESSING ABOUT 10 years ago

This Wampah thinks all Ghanaians are idiotic fulls like the NDC ; have you got the 'trick' christmas and elections are round the corner and therefore the aim is to fix the power problems as quickly as possible and use our lit ...
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This Wampah thinks all Ghanaians are idiotic fulls like the NDC ; have you got the 'trick' christmas and elections are round the corner and therefore the aim is to fix the power problems as quickly as possible and use our little dollars to shore up the ailing cedi and the economy and VOILA !!!!!!; Jon Akomfem Loans Mahama have fixed the economy and the idiotic Ghanaman will be fulled again and will forget the hardship that they are going through today and guess what Jon Loans Mahama will say; we are the greatest party that Ghana have ever had in recent times; go and vote for us. IDITIC GHANAMAN YOU STASY THERE AND SUFFER AND NEVER LEARN AND FULLED BY THE NDC ALL THE TIME !!!!!!!!!
CONCERNED CITIZEN 10 years ago

WHEN ATTA-MILLS OPENED THE FPSO OIL SUPPLY VALVE MARKING GHANA'S ENTRY INTO THE GLOBAL OIL SUPPLY BUSINESS, LITTLE DID GHANAIANS FATHOM THAT IMF LOANS WILL AGAIN BE STARING AT US RIGHT IN THE FACE.

ABOUT FIVE TO SIX YEARS ...
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WHEN ATTA-MILLS OPENED THE FPSO OIL SUPPLY VALVE MARKING GHANA'S ENTRY INTO THE GLOBAL OIL SUPPLY BUSINESS, LITTLE DID GHANAIANS FATHOM THAT IMF LOANS WILL AGAIN BE STARING AT US RIGHT IN THE FACE.

ABOUT FIVE TO SIX YEARS ON, GHANA IS STILL NOT ONLY HOPELESSLY HOOKED TO LOANS OF EVERY DESCRIPTION, BUT ALSO BUYING FUEL AT UNREASONABLY EXHORBITANT PRICES, AND GETTING VERY CLOSE TO "ACHIEVING" THE DREADED HIPIC STATUS.

THIS CLEARLY SHOWS HOW VISIONLESS AND USELESS GHANAIAN LEADERS ARE!
MTN 10 years ago

instead of addressing the real issue responsible for the cedi depreciation, they're pumping in more dollars to meet the demand. how long can you keep to doing this, this is absolutely very poor economic management. the real i ...
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instead of addressing the real issue responsible for the cedi depreciation, they're pumping in more dollars to meet the demand. how long can you keep to doing this, this is absolutely very poor economic management. the real issue is that Ghana is importing too much
max 10 years ago

A LETTER TO MY FELLOW FLOATING VOTER

Dear brethren,

Every political party has tagged and considered us as the final decider in every election. Yes,that's exactly the point because we've always voted based on factors or ...
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A LETTER TO MY FELLOW FLOATING VOTER

Dear brethren,

Every political party has tagged and considered us as the final decider in every election. Yes,that's exactly the point because we've always voted based on factors or elements best know to ourselves which we can't reveal to the world.

We've chosen from day one not to align ourselves with any political party but vote for the political party with the best approach, message and promises to FULFILL.
We've always had the fate of mother Ghana at heart. We've decided in the four corners of our mind to do away with any government that will make this country retrogress instead of progressing. We've always been called the "neutral" people who vote based on principles,policies and for people ready to make our Ghana be a better place for us and the future generation.

Today, I come to you with a humble appeal to make just this comparisons:
*will you vote in the best of our neutrality, for a party that thinks of the next generation or a party that only thinks of winning an election through investing all our state resources that could have been used to better the life of the ordinary citizen?

My dear brethren, let me be sincere and direct for once without mincing words or doing the bidding of any political party. Let's kindly and humbly compare the 8 years rule of the NPP with all its challenges and the almost 8 years rule of the NDC with all the resources,loans and donations? Bueii yewu!

In 2008,We were promised a better Ghana by the late professor mills(may his soul rest in perfect peace) and I must admit things as we are currently facing would have been better under president mills if he were to be alive today but God knows best. Our late president had been on the political front seeking for the mandate of the people for 8 years and had been in every corner of the country so understood better the dynamics of being a president and attending to the needs of the populace. We had let me say an "accidental' president who could have performed well but due to lack of experience, honesty and surrounding himself with sycophants milking the nation dry and finally he developing the dead goat syndrome( whatever we say or do doesn't bother him cos he has seen worse) it will be difficult for this nation to move forward.

I read online this morning that our debt from 1957 (independence) to 2008,when the NPP was booted out by us the kingmakers was 9 billion ghc and with this NDC 7-8 years administration we brought with the hope to make an impact, our debt has risen from 9billion gch to 89 billion ghc,how?? I mean how?

The Nhis we once enjoyed is no where to be found, the free maternal care is off,capitation,school feeding has become few selected school feeding and even with problems etc.... Is this the better Ghana we were promised turned bitter Ghana?

Dumsor has collapsed most of our businesses, massive hike in prices of goods,petroleum, brain drain is on the rise because life has become unbearable for the majority of our youth due to unemployment with bans on jobs due to IMF conditionalities or the few jobs being tagged job for the boys ( job for party members).
I ask again, is this the better Ghana we were promised?
We have been deceived, we have been mislead with white elephant projects, we have been taken for granted simply because a few of us still remain gullible and selfish.

We are the kingmakers and let's feel proud of that perception. We shouldn't allow our gullibility or negligence cause the future of this country in the hands of this self centered government. We've had enough of inflicting suffering on us and pretending to care with freebies when it's getting to election year. I watched from afar why happened in Talensi and I just told my other siblings to take very good care of their voter's ID card since that was the only visa with the right choice of candidate that will let us see and enjoy the Ghana We've always cherished. Let's not allow our gullibility supersede the destiny and bright future of this country.

Let's say no deception,let's say no to those who don't have this nation at heart, let's say no promise and fail. We are suffering today because it was our own money they used to give us gifts,envelops,laptops etc..and they will still use the same antics to convince us come 2016 (robbing Peter to pay Paul). I can't tell you to refuse it when they come cos it's part of our taxes but I will only urge you to shine your eyes and make that choice not for yourself alone but for the generation to follow.

We should never be despaired because we still have that chance to right every wrong done or currently happening.I am referring to those of us who mistakenly or intentionally voted for this government but have now regretted our action and those of us who failed or refused to vote on election day and have now deeply regretted our action.

We need to secure the future of this country. Our decision is still supreme and sacred. Let's keep this in our heads and heart and do the right thing come 2016.

Enough is enough!!!

#Iam4Ghana
#Iam4arealbetterGhana
#Let'sVoteWisely
#GhanaFirst

A Concerned and disappointed floating voter.

osahenewazzy@yahoo.com
NICHOLAS 10 years ago

You can't fool anyone by pretending you are a floating voter. Both NDC and NPP are not better alternatives to solve the problems of the average Ghanaian.

I am playing for the NPP to come back to power but it would be only ...
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You can't fool anyone by pretending you are a floating voter. Both NDC and NPP are not better alternatives to solve the problems of the average Ghanaian.

I am playing for the NPP to come back to power but it would be only a matter of time when Ghanaians would regret for bringing them back when they start to recoup the huge debts they incurred as a result of their long stay in opposition.

Both NDC and NPP are 'DUKA-DAYA' for Ghana!!

johnson 10 years ago

Ghanaians must be alive in the short run Then we can think about medium term snd then long run. Lets keep working hard and praising God and staying united and confess good things.

Ghanaians must be alive in the short run Then we can think about medium term snd then long run. Lets keep working hard and praising God and staying united and confess good things.
Eshun 10 years ago

What should you expect from useless fool in npp? Mboa! Mbonkyi.... M33! They want the failure of the government for that 'wee' and cocaine group to takeover.... Goats who dont want to enjoy can go to Sahara desert.

What should you expect from useless fool in npp? Mboa! Mbonkyi.... M33! They want the failure of the government for that 'wee' and cocaine group to takeover.... Goats who dont want to enjoy can go to Sahara desert.
Citizen 10 years ago

Cheap political financial gimmicks that will destroy the Ghanaian currency soon.

Cheap political financial gimmicks that will destroy the Ghanaian currency soon.
Abdul-Rahaman Abdullah 10 years ago

That's a good point there made by the governor I think this time round they have found the antidote to greatest problem in our country economic.we hope it would be maintained for better of our country

That's a good point there made by the governor I think this time round they have found the antidote to greatest problem in our country economic.we hope it would be maintained for better of our country
Sincerity 10 years ago

It is falacy to tell GHANAIANS that there is magic in economics. You can not say this to Germans or Americans. Only in Ghana. The world is ruled by numbers [figures] Come out with figures to support your MAGIC

It is falacy to tell GHANAIANS that there is magic in economics. You can not say this to Germans or Americans. Only in Ghana. The world is ruled by numbers [figures] Come out with figures to support your MAGIC
Uncle Al. 10 years ago

Idiot, he just use the word 'magic' figuratively to express his point. Learn the English language by reading more books

Idiot, he just use the word 'magic' figuratively to express his point. Learn the English language by reading more books
Eric Kweku Hinson 10 years ago

Please is a warming to government. Please and please, put in place checks and balances in make sure the money (dollars) are used for the porpose it is meant for. I believe to drive the economy. We don't went people to start t ...
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Please is a warming to government. Please and please, put in place checks and balances in make sure the money (dollars) are used for the porpose it is meant for. I believe to drive the economy. We don't went people to start to stuff under their beds. That will not help Ghana. Please let us think Ghana first and God will help us all. Thank you.
Nana Billa 10 years ago

IF CEDI IS APPRECIATING, NPP MAN WILL COMPLAIN AND IF IT IS DEPRECIATING, THE SAME MAN WILL COMPLAIN. GOD FORGIVE THEM FOR THEY DON'T KNOWN WHAT THEY ARE DOING.

IF CEDI IS APPRECIATING, NPP MAN WILL COMPLAIN AND IF IT IS DEPRECIATING, THE SAME MAN WILL COMPLAIN. GOD FORGIVE THEM FOR THEY DON'T KNOWN WHAT THEY ARE DOING.
Crystal 10 years ago

This is not true. The cedi is stabilizing because of IMF INTERVENTION if Wampah knew how to stabilize the cedi why did he wait all these years for the country to go to HIPC. let's give credit to who deserves credit, all the ...
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This is not true. The cedi is stabilizing because of IMF INTERVENTION if Wampah knew how to stabilize the cedi why did he wait all these years for the country to go to HIPC. let's give credit to who deserves credit, all the scriptures acknowledge this. This is the only way we can progress. This is no work of Tekper, Wampah nor Nii moi Thompson. It is the work of IMF TECHNOCRATS.
ohene 10 years ago

Don't use the cocobod loan for your explanation ooo.it should be use for the cocoa purchase.pls don't use it for ur campaign too.we know you ppl.opuni the culprit

Don't use the cocobod loan for your explanation ooo.it should be use for the cocoa purchase.pls don't use it for ur campaign too.we know you ppl.opuni the culprit
Kanawu an Oxford Economist 10 years ago

There is neither "Currency Magic" nor "Cedi Magic" Wampah is dreaming. Simple economics:-laissez-faire-economics - One of the guiding principles of capitalism, this doctrine claims that an economic system should be free from ...
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There is neither "Currency Magic" nor "Cedi Magic" Wampah is dreaming. Simple economics:-laissez-faire-economics - One of the guiding principles of capitalism, this doctrine claims that an economic system should be free from government intervention or moderation, and be driven only by the market forces. Centered on the belief (termed invisible hand by the 18th century Scottish economist Adam Smith) that human beings are naturally motivated by self-interest and, when they are not interfered-with in their economic activities, a balanced system of production and exchange based on mutual benefit emerges. Laissez-faire (French for, allow to pass or let go) economics originated in the 18th century France where economists (then called 'physiocrats') such as Francois Quesnay (1694-1774) and Victor Riqueti-Marquis de Mirabeau (1715-89) became hostile to subsidies and discriminatory economic measures of then prevalent mercantilism. They believed in a bountiful nature and innate goodness of humankind, and asserted that governments should leave the individual alone except when social liberties are infringed. In 19th century, this philosophy became the dominant economic thinking in the Western world. But soon its failings reflected in the great disparity in distribution of wealth, harsh treatment of workers, disregard for consumer safety, and spread of monopolies, became clear. By the mid 19th century, opposition to laissez-faire economics began and governments in all industrialized countries intervened on behalf of workers and general population. Factory laws and consumer protection laws were enacted and growth of monopolies was checked. Early 20th century saw breakup of monopolies in the US and (after Second World War) nationalization of essential industries and services in Europe. Keynesian economics (which advocates government intervention in the national economy) further undermined it, a process spurred by the great depression of 1930s. From 1970's, however, the pendulum swung back to laissez-faire economics (renamed 'market economy' or 'free enterprise') and brought deregulation of business, and progressive removal of trade barriers, which is continuing.
Kanawu an Oxford Economist 10 years ago

Correction

Correction
Love 10 years ago

These are elementary stuff. Exactly what Wampah is doing. Do you remember the same Wampahs pronouncements a few months ago on foreign currency holding accounts that almost collapsed the economy completely and he had to revers ...
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These are elementary stuff. Exactly what Wampah is doing. Do you remember the same Wampahs pronouncements a few months ago on foreign currency holding accounts that almost collapsed the economy completely and he had to reverse those actions? Or typically of Ghanaians you have short memory. Where from this magic now if not from IMF. The mahama economic team is just infantile in economics like you or rather useless. Why refer to 16th century theories in 2015? Meaning Wampah has gone back to 17th century theories and the Ghana economy is doing well? Then Ghana's economy is a primitive Stone Age economy
JJ 10 years ago

Wampah's one is controlling or Fixing cedi but the man is suggesting free movement. Confused????

Wampah's one is controlling or Fixing cedi but the man is suggesting free movement. Confused????
Harvard Economist 10 years ago

Mahama must get a banking expert not of Wampah - Amissah-Arthur calibre

Mahama must get a banking expert not of Wampah - Amissah-Arthur calibre
richard 10 years ago

We must begin to pay serious attention to technology to promote value-added export to ensure effective competition for currency appreciation.Ghana should now be the world leading producer of chocolate as we have the beans a ...
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We must begin to pay serious attention to technology to promote value-added export to ensure effective competition for currency appreciation.Ghana should now be the world leading producer of chocolate as we have the beans and our chocolate is the best globally. Identify and support creative human minds like Apostle Sarfo or the likes of the late Onua Nyame and we cut down imports whilst exporting soly Ghana -made products.The days of prayers for solutions to problems were when the Israelites were on the wilderness.The Almighty God or Allah has endowed us with unlimited knowledge that musr be applied.
Yaw 10 years ago

ahahaha.... very funny the way we see things...

so u see this currency roller coaster a cedi magic? This is not what the central bank does. There was very little assessment of the impact of the the cedi depreciation on bu ...
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ahahaha.... very funny the way we see things...

so u see this currency roller coaster a cedi magic? This is not what the central bank does. There was very little assessment of the impact of the the cedi depreciation on businesses. The sinusoidal currency movement isn't any good move because this isn't stability. what businesses are looking for is stability but this isn't it. The BoG has gotten it wrong again.

The recent cedi strength will only bring more hardships because many of the importers had already have to shut down due to the weak currency. The new sign of currency strength will only sink the existing importers unless they do not reduce their prices for at least a year. So where does this leave the exporters? Higher costs, lower revenue and on top of that the cost of generating energy themselves.
Nii Anyetei Blofobii 10 years ago

The changes in the Cedi relative to the dollar has nothing to do with Ghana. Rather, the change is the result of using the quarterly IMF money to shore up the cedi. It had not affected prices because it is not economic growth ...
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The changes in the Cedi relative to the dollar has nothing to do with Ghana. Rather, the change is the result of using the quarterly IMF money to shore up the cedi. It had not affected prices because it is not economic growth or development that's helpef.
nana 10 years ago

We thank wampah for giving to Ghanaians an expensive currency like the dollar at a cheap price...... What is this gonna cost the cedi??? Hmmm

We thank wampah for giving to Ghanaians an expensive currency like the dollar at a cheap price...... What is this gonna cost the cedi??? Hmmm
k. k. kusi 10 years ago

Hey! Mr. Wampah. Based on the little that I know from GCE o level economics a currency can only appreciate when other countries need more and more of that currency to buy goods and services from the country in question. Which ...
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Hey! Mr. Wampah. Based on the little that I know from GCE o level economics a currency can only appreciate when other countries need more and more of that currency to buy goods and services from the country in question. Which means the cedi can only appreciate if and only if our exports exceeds our imports
k. k. kusi 10 years ago

Foolish man, Wampah do you know the meaning of bait. Bait is something use to lure. And lure is something used to tempt a person or animal to do something. There it is obvious that National Destruction Criminal ( NDC) is usin ...
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Foolish man, Wampah do you know the meaning of bait. Bait is something use to lure. And lure is something used to tempt a person or animal to do something. There it is obvious that National Destruction Criminal ( NDC) is using the so called cedi magic to lure us to vote for them
k. k. kusi 10 years ago

Foolish man, Wampah do you know the meaning of bait. Bait is something use to lure. And lure is something used to tempt a person or animal to do something. Therefore it is obvious that National Destruction Criminal ( NDC) is ...
read full comment

Foolish man, Wampah do you know the meaning of bait. Bait is something use to lure. And lure is something used to tempt a person or animal to do something. Therefore it is obvious that National Destruction Criminal ( NDC) is using the so called cedi magic to lure us to vote for them
k. k. kusi 10 years ago

continue to use the bailout as bait. Don't forget that money is not free. We have to pay it back. And mind you , you can use it as bait, but you can pay it with bait. A word to the wise is enough. But education to a fool is i ...
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continue to use the bailout as bait. Don't forget that money is not free. We have to pay it back. And mind you , you can use it as bait, but you can pay it with bait. A word to the wise is enough. But education to a fool is irrelevant.

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Wampah baits inflation with cedi magic

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