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• Sergey 13 years ago

  Jeremy,You say:"...although people are poroer and the economy much weaker (when one arrives in Accra, one becomes a Cedi millionaire instantly)"This isn't right. Certainly, the rate of depreciation of the currency is an indi ...
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  Jeremy,You say:"...although people are poroer and the economy much weaker (when one arrives in Accra, one becomes a Cedi millionaire instantly)"This isn't right. Certainly, the rate of depreciation of the currency is an indication of the strength/weakness of an economy, but the rate itself isn't that important. Else, should we say a country like Japan has a weaker economy than Russia's? To judge the strength of an economy, I'd look at things like how fast the economy was growing, how diversified it was it's GDP and how good its infrastructure was. I think Ghana rates higher than Nigeria in all these areas.

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• gudsbxg 13 years ago

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