Chinese yuan can offer cedi respite - AGI

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• ellis danso 8 years ago

  excellent, continue to educate BOG ON this issue till they implement it.

  excellent, continue to educate BOG ON this issue till they implement it.

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• Kwadaso 8 years ago

  It sounds very promising until you look further into it.Some of our international partners are strictly against this and the subject is very sensitive to them.If we are going to persue this,then it must be done quietly other ...
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  It sounds very promising until you look further into it.Some of our international partners are strictly against this and the subject is very sensitive to them.If we are going to persue this,then it must be done quietly otherwise the repercurssion will be very painful.If we had a reserve of the Chinese Yuan we could use it to facilitate isolated international trades with the Chinese only but we must not make it a public policy to trade in Yuan.

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• Kwami 8 years ago

  the dollar is a stable currency the yuan is strong today gone tommorrow

  the dollar is a stable currency the yuan is strong today gone tommorrow

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• Daladam 8 years ago

  trust the dollar the devil we know is better then the devil we don't know

  trust the dollar the devil we know is better then the devil we don't know

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• IIsaac djeii 8 years ago

  Why trying new thing is problem for blackman?we can trust the chinese man too,

  Why trying new thing is problem for blackman?we can trust the chinese man too,

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• Farai 8 years ago

  Anonymous BOG worker has said it all
  Dollar is dollar
  No currency can come near it
  Cos it's supreme

  Anonymous BOG worker has said it all
  Dollar is dollar
  No currency can come near it
  Cos it's supreme

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• ebbyhill 8 years ago

  An idea well taught in the right direction. I wish this could be pushed and implemented.

  An idea well taught in the right direction. I wish this could be pushed and implemented.

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• RALT, Tema 8 years ago

  You guys must increase and strengthen the production base as the only way of off-setting the high imports. Tying the local currency to another in itself is no panacea to the weakening local currency. It's only high and qualit ...
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  You guys must increase and strengthen the production base as the only way of off-setting the high imports. Tying the local currency to another in itself is no panacea to the weakening local currency. It's only high and quality production backed by strong capital base that will enhance the stability of the local currency. For as long as our economy is finished-product import base, the local currency will continue to slide downwards. If Ghana must import, it must be limited to raw materials not available locally. Elsewhere there are national policies to encourage foreign investors to come home only in areas where those countries are weakest. Weak local production, weak local currency, simple. The Cedi cannot be shoved up by the yuan if all we do is import from China. The Chinese economy has not been tailored to strengthen Ghana's economy and therefore the local cyrrency. The yuan-Cedi relationship can only be 2% of the solution.

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• Osito, Accra 8 years ago

  Great intervention. Ghanaians have brains. Let us begin to tap them.

  Great intervention. Ghanaians have brains. Let us begin to tap them.

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• kwam 8 years ago

  But, l think it time our big commercial banks in the country opens some branches in some selected cities in China , so that business people can easily deal with those banks without difficulty. e.g GCB, Standard chartered, UBA ...
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  But, l think it time our big commercial banks in the country opens some branches in some selected cities in China , so that business people can easily deal with those banks without difficulty. e.g GCB, Standard chartered, UBA etc. This is a challenge the central bank should assist to materialize.

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• Tadi boy 8 years ago

  The Chinese yuan is a fixed currency whose value is determined by the Chinese government. How do u trust it credibility when dealing with future contracts settlement with China since it value can be manipulated at any time by ...
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  The Chinese yuan is a fixed currency whose value is determined by the Chinese government. How do u trust it credibility when dealing with future contracts settlement with China since it value can be manipulated at any time by it government. How often is yuan traded in the currency market in a day as compared to the major currencies been the USD EUR and the GBP. The yuan has been depreciated by the Chinese government to promote import of Chinese goods so help them build a surplus in their balance of payment at the end of the year. Just don't give the Chinese government that opportunity

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• Agbevivina 8 years ago

  I believe the government can still make a negotiations with the Chinese government on trading with both the cedis n the yuan. The fact of the matter is that most of our goods are imported from China.

  I believe the government can still make a negotiations with the Chinese government on trading with both the cedis n the yuan. The fact of the matter is that most of our goods are imported from China.

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