Dollarize Ghana’s economy to curb Cedi depreciation - Dr Kwakye suggests

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NANA SHORTINGO 1 year ago

SAME THING PROFESSOR HANKE HAS BEEN RECOMMENDING

SAME THING PROFESSOR HANKE HAS BEEN RECOMMENDING
Eiiii!!!! 1 year ago

When previous French colonies are abandoning the CFA you want us to adopt another white man's currency? Is that so called Prof. Hanke to be trusted?

When previous French colonies are abandoning the CFA you want us to adopt another white man's currency? Is that so called Prof. Hanke to be trusted?
Maame Abenah 1 year ago

Claims that Ghana’s secondary education is ranked 137th out of 167 are false. Ghana is actually ranked 160 out 167.

Claims that Ghana’s secondary education is ranked 137th out of 167 are false. Ghana is actually ranked 160 out 167.
Someone 1 year ago

Hahaha hahaha I have been saying this for the past 10yrs ...that education system in Ghana does more damage than good!....paying school fees for anyone right now is waste ...a complete waste of financial resources!

Hahaha hahaha I have been saying this for the past 10yrs ...that education system in Ghana does more damage than good!....paying school fees for anyone right now is waste ...a complete waste of financial resources!
ST Ghfuo: Gh leaders are not enlightened 1 year ago

You call yourself a Dr idiot go get bawumia to help rescuscuthe ailing cedi. Always claiming something you didn't build. If America had also mismanage their economy and engaged in state sponsored corruption like your people i ...
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You call yourself a Dr idiot go get bawumia to help rescuscuthe ailing cedi. Always claiming something you didn't build. If America had also mismanage their economy and engaged in state sponsored corruption like your people in npp do in Gh. Would you even want Gh currency to be associat÷d with us dollar? Why don't you nairalize your cedi instead? Whays wrong with naira? You must be sold to India for your stupid suggestion. Instead of proposing fiscal ideas that can help strengthen the cedinyou want to abandon ship? Fuxking bandwagoner
ST Ghfuo: Gh leaders are not enlightened 1 year ago

My son has defecated all over himself therefore I'm selling him...wei!?

My son has defecated all over himself therefore I'm selling him...wei!?
Mahendra Singh 1 year ago

Nonsense! If it's not one thing it's another. A bad workman always blames his tools. The Ghanaian economy is in shambles because of the current government's mismanagement and the unbridled state-sponsored corruption. Until th ...
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Nonsense! If it's not one thing it's another. A bad workman always blames his tools. The Ghanaian economy is in shambles because of the current government's mismanagement and the unbridled state-sponsored corruption. Until that is dealt with and eradicated, nothing will change for the better in that wretched country of yours.
Mr bones 1 year ago

Where is or wonder economic wizard aka Mr vice president? Useless lies got people into power,they will go home crying to jail

Where is or wonder economic wizard aka Mr vice president? Useless lies got people into power,they will go home crying to jail
ALLOTEY JACOBS 1 year ago

The NPP government is nothing short of throwing their hands up in despair but these bald headed hardened crooks and con men would lie their way to opposition.

The NPP government is nothing short of throwing their hands up in despair but these bald headed hardened crooks and con men would lie their way to opposition.
Ryan 1 year ago

This is a very weak and dangerous suggestion coming from Dr. Kwakye. Do you know the monetary implications of such policies on a vulnerable economy such as Ghana? What study have you made leading up to such a dangerous sugges ...
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This is a very weak and dangerous suggestion coming from Dr. Kwakye. Do you know the monetary implications of such policies on a vulnerable economy such as Ghana? What study have you made leading up to such a dangerous suggestion? While you might be aware that the BoG is running low on reserves, and could not balance the dollar demand to the local currency, and you are suggestion they should abandon cedis for dollar??? Does that sound economic right? I think it's about time they try to seek the specialization of anybody who claims to be an economist before allowing them to pass technical suggestions on the economy. I mean how do you pair the monetary supply of both domestic and foreign currency to achieve equilibrium for financial stabilization if you are abandoning the domestic currency??? What sort of economists is this????

Kwashie 1 year ago

No idea how these guy come about their so-called PhDs...

No idea how these guy come about their so-called PhDs...
Ato 1 year ago

A lot of phd’s in Ghana are in religious studies and other non serious fields!

A lot of phd’s in Ghana are in religious studies and other non serious fields!
Atiabia 1 year ago

Fix the Cedi

You people have been doing the same thing over and over.

Fix the Cedi

You people have been doing the same thing over and over.
Jennifer 1 year ago

Absolutely. Perfect comment well done

Absolutely. Perfect comment well done
ROGUE LAWYER 1 year ago

who is this ?
dolarising Ghana economy ?
do we own the dollar ?
could we print the dollar ?
Dollar is an America legal Tender and it is only the USA government who can print dollars to be used in the USA.
now if you are ...
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who is this ?
dolarising Ghana economy ?
do we own the dollar ?
could we print the dollar ?
Dollar is an America legal Tender and it is only the USA government who can print dollars to be used in the USA.
now if you are suggesting that we made the dollar our currency, how are we going to have control over it as our legal Tender ?
please when you get the microphone be measured , if you have nothing to suggest that would provide sensible and pragmatic solution better shut up.
The problem we are facing now as a country is a man made created hole .
we need to tell the Rogue certificateless lawyer Akuffu Addo the truth and put a pressure on him to use the executives powers judiciously , or mount pressure for his resignation or remove from office by parliamentary vote of censure
krab 1 year ago

Back the cedi with gold dollar is printed with sheet of paper if it’s not used for exchange of goods internationally then we are losing

Back the cedi with gold dollar is printed with sheet of paper if it’s not used for exchange of goods internationally then we are losing
Damon 1 year ago

Why does the state charge duties according to the dollar, why review fuel prices with the dollar rate? These two rates alone determines the general price level. The dollar is already our currency, the cedi is just our exchan ...
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Why does the state charge duties according to the dollar, why review fuel prices with the dollar rate? These two rates alone determines the general price level. The dollar is already our currency, the cedi is just our exchange unit. The price of everything in this country changes with changes in the dollar rate. Even price of construction sand which is just earth product has quadrupled in the past 4 years due to exchange rate affecting fuel prices.it is only workers who are paid in the cedi who suffer.
@Damon 1 year ago

You have just spoken the truth. We are already in a dollar economy. The price of everything is measured by the dollar except salaries.

You have just spoken the truth. We are already in a dollar economy. The price of everything is measured by the dollar except salaries.
NANA NTOW 1 year ago

Perhaps we do not need control over our currency, perhaps dollarisation is better for us so next time the central bank does not go printing money to save a fiscal recklessness of an irresponsible government, on and on this go ...
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Perhaps we do not need control over our currency, perhaps dollarisation is better for us so next time the central bank does not go printing money to save a fiscal recklessness of an irresponsible government, on and on this government has given us over 100 reasons why it should be done.
Johnny 1 year ago

You made a good point on the issue, only to taint it with tunnel vision and shallow politics! Nuff!

You made a good point on the issue, only to taint it with tunnel vision and shallow politics! Nuff!

Johnny 1 year ago

Dumb idea

Dumb idea
Wise Man. 1 year ago

Another idiot

Another idiot
Yao 1 year ago

Stupid suggestion. Do you know the long term implications of such a policy?? Idiot

Stupid suggestion. Do you know the long term implications of such a policy?? Idiot
ST Ghfuo: Gh leaders are not enlightened 1 year ago

Gyimifuo kwakye when esau sold his birthright to his younger breda because of food he sounded just like this kokonte face called Dr kwakye how can this guy manage any worthy entity I efuom gh to fruition? Wei....?!

Gyimifuo kwakye when esau sold his birthright to his younger breda because of food he sounded just like this kokonte face called Dr kwakye how can this guy manage any worthy entity I efuom gh to fruition? Wei....?!
NANA NTOW 1 year ago

Oh yes Yao, collaboration of monetary and fiscal policies is the most unkindest deceit of all . Taking the wisest decision so the central bank cannot print monies to support a reckless government and having a deficit on their ...
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Oh yes Yao, collaboration of monetary and fiscal policies is the most unkindest deceit of all . Taking the wisest decision so the central bank cannot print monies to support a reckless government and having a deficit on their books to a tune of -51billion is the truth to save our country from such recklessness
When you are hungry you think anything can fill you stomach as food 1 year ago

The blackman always want the easy way out of his or her problems, the lazy way approach. The dollar is paper, ink . The material use for dollar is the same you for cedi , but the difference is what back that paper? Integrity, ...
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The blackman always want the easy way out of his or her problems, the lazy way approach. The dollar is paper, ink . The material use for dollar is the same you for cedi , but the difference is what back that paper? Integrity, wisdom, research, innovation, diligence, hard work , commitment, trust . When someone takes good care of his wife or girlfriend to look beautiful then the lazy man will say can I take picture with you? Take good care of your wife and she will look good for you. Take care of the country and the country will be glorious . Cheap thinks are very expensive. Easy lazy route is the difficult way. Doing the right thing at the right time with wisdom is the best way. You have destroyed all your river bodies but you think adopting dollar will solve your problems. The people that owned the dollar how do they take care of river bodies, tress, environment and other things. You have good lands but can't feed yourself, you have cocoa but export it raw, you have gold but you can't do anything with it, no proper research to solve problem . The black man doesn't want to use his brains always easy way, free food, free things and womanizing women.
GOLD 1 year ago

HAS HE BEEN BRIBED TO COME WITH THIS IDEA???????
MAKE THE GHANA CEDI STRONGER AND COMPETATIVE AND STOP THE IMPORTATION OF FOREIGN IDEAS,PERIOD!!!!
SO MUCH HYPOCRISY AND DOUBLE MORALS INDEED!!!!!!!

HAS HE BEEN BRIBED TO COME WITH THIS IDEA???????
MAKE THE GHANA CEDI STRONGER AND COMPETATIVE AND STOP THE IMPORTATION OF FOREIGN IDEAS,PERIOD!!!!
SO MUCH HYPOCRISY AND DOUBLE MORALS INDEED!!!!!!!
Jennifer 1 year ago

Colonised Mind or Pure Slave. Nobody or country escapes problems. Problems help to nourish our minds and our environment. Escapism doesn't help anyone but fools. The Western World didn't start from wealth if that's what you t ...
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Colonised Mind or Pure Slave. Nobody or country escapes problems. Problems help to nourish our minds and our environment. Escapism doesn't help anyone but fools. The Western World didn't start from wealth if that's what you think.

The worst is to use hardship as a means to kill humans like JJ let the blood flow GRUESOME MEDIEVAL MURDERERS.

Killing people does not solve economic problems. PURE evil minds.

You must as well ask the Western World to control us again. Money is not ONLY money but a sense of security and control.

Probably you don't know that. If you knew you would spew out your noises
God is watching 1 year ago

The greatest enemies of our economy are the western educated economists. How can all of us use paper as money but you consider some as useless. The economist of our time will bear the evil of the adjustment of measures and th ...
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The greatest enemies of our economy are the western educated economists. How can all of us use paper as money but you consider some as useless. The economist of our time will bear the evil of the adjustment of measures and the tampering of scare of money to chat. God is alive.
God is watching 1 year ago

The economists of our time will be held accountable for the adjustment of measures and the tampering of scale of money to cheat the poor of the country.

The economists of our time will be held accountable for the adjustment of measures and the tampering of scale of money to cheat the poor of the country.

FOLOLO KENNEDY 1 year ago

LET THE TOOTHLESS AFRICA UNION ADOPT ONE CURRENCY, AND SEE IF THE EURO, THE DOLLAR WILL NOT COME BEGGING!!!!

LET THE TOOTHLESS AFRICA UNION ADOPT ONE CURRENCY, AND SEE IF THE EURO, THE DOLLAR WILL NOT COME BEGGING!!!!
Really. Is he educated at all. 1 year ago

Calling the Ghana Cedi Dollar does not make it strong. Even if we do that in a short time the Ghana dollar will hit 10 to US$1. Our economy is so poor heavily in debt, corrupt and mismanaged to junk status. We need a serious ...
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Calling the Ghana Cedi Dollar does not make it strong. Even if we do that in a short time the Ghana dollar will hit 10 to US$1. Our economy is so poor heavily in debt, corrupt and mismanaged to junk status. We need a serious industrial revolution to save ourselves which ids not even possible in the next 50years. Strong Ecomony boost the currency not names
Kwan - autonomise Ashanti as a solution 1 year ago

A bank of Asanteman playing the role of a central bank directly under Otumfuo will provide great stability of currency for the benefits of traders and everyone else. Declare Ashanti autonomy.

A bank of Asanteman playing the role of a central bank directly under Otumfuo will provide great stability of currency for the benefits of traders and everyone else. Declare Ashanti autonomy.
Fd ghana 1 year ago

Sometimes sometimes sometimes. Huh!

Sometimes sometimes sometimes. Huh!
Nii Joromi 1 year ago

Another lazy and useless educated turd. Tackle the real problems facing the economy first. The dollar is not a viable solution.

Another lazy and useless educated turd. Tackle the real problems facing the economy first. The dollar is not a viable solution.
Amoah Danielg 1 year ago

Who told you, when dollarize your economy , you own will be strong, sir first ask from Zimbabwe, since you guys are in Ghana, anď you have decided to price everything in dollars that is what you guys will see, The cedis c ...
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Who told you, when dollarize your economy , you own will be strong, sir first ask from Zimbabwe, since you guys are in Ghana, anď you have decided to price everything in dollars that is what you guys will see, The cedis can't stand dollars.
Koo Sei 1 year ago

Our biggest problem is corruption and excessive greed by our useless politicians. Dollarisation, Sterling-nisation, Eurob-nisation, Yen-isation etc will not help. Until we start jailing corrupt politicians and confiscating t ...
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Our biggest problem is corruption and excessive greed by our useless politicians. Dollarisation, Sterling-nisation, Eurob-nisation, Yen-isation etc will not help. Until we start jailing corrupt politicians and confiscating their ill-gotten wealth, nothing will ever work.
Agya 1 year ago

I agree with you. The depreciation of the Cedi always becomes worse in the second term of any government. Corrupt politicians buy all the Dollar in the country with their corruption money, and those of us who have not seen do ...
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I agree with you. The depreciation of the Cedi always becomes worse in the second term of any government. Corrupt politicians buy all the Dollar in the country with their corruption money, and those of us who have not seen dollars before are ones suffering most. I pray God Almighty would turn the table against these corrupt politicians in Jesus' Name.
Thieves 1 year ago

Amen

Amen
Akwadaa Nyame 1 year ago

The effects of Bawumianomics on any economy is dollarization. Same happened in Zimbabwe when the country employed him. Useless PhD

The effects of Bawumianomics on any economy is dollarization. Same happened in Zimbabwe when the country employed him. Useless PhD
Dr Who 1 year ago

Renaming the Cedi the Ghana dollar would serve no meaningful purpose. A goat will always be a goat even if you dress it in sheeps clothing. Ghana simply needs to get a grip of its economical challenges.

Renaming the Cedi the Ghana dollar would serve no meaningful purpose. A goat will always be a goat even if you dress it in sheeps clothing. Ghana simply needs to get a grip of its economical challenges.
Anonymous 1 year ago

Ghanaweb shame on you.

Ghanaweb shame on you.
Midnight 1 year ago

Nane it Ghana Dollar and it will still be a junk currency on the junk currency listing

Nane it Ghana Dollar and it will still be a junk currency on the junk currency listing
Agya 1 year ago

As long as corrupt people keep saving their ill-gotten money in the Dollar, the Cedi will continue to depreciate.

As long as corrupt people keep saving their ill-gotten money in the Dollar, the Cedi will continue to depreciate.
Kwabs, London 1 year ago

My advice to Dr Kwakye is that he should invite America to come and colonize Ghana,period.Greedy and hegemonic America will definitely accept the invitation with open arms.

My advice to Dr Kwakye is that he should invite America to come and colonize Ghana,period.Greedy and hegemonic America will definitely accept the invitation with open arms.
Eddie 1 year ago

What an idiot, western puppets and colonise mindset, collaborators, traitors of our nation.

What an idiot, western puppets and colonise mindset, collaborators, traitors of our nation.
Kermit 1 year ago

Until we get over IMF the cedi woes will continue

Until we get over IMF the cedi woes will continue
OZYMANDIAS 1 year ago

Since when did Ghana become an American 51st state? Complete Balderdash coming from a so-called economist. Absolute nonsense and bunkum.

Since when did Ghana become an American 51st state? Complete Balderdash coming from a so-called economist. Absolute nonsense and bunkum.
Kofi Bonsu 1 year ago

Where did this idiot got his degree from. The exact problem why Ghana can't curb it's inflation issues, is due to the fact that the dollar is predominantly used as a purchasing power in a struggling economy like Ghana . No w ...
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Where did this idiot got his degree from. The exact problem why Ghana can't curb it's inflation issues, is due to the fact that the dollar is predominantly used as a purchasing power in a struggling economy like Ghana . No wonder Ghana can't sustain its economy due to these people with reptilian brains.
Yr next afcon will be like the last one... 1 year ago

go and see bawumia to give stone to Amissah Arthah

go and see bawumia to give stone to Amissah Arthah
Dan 1 year ago

I have a million things to say but will start with this, is man should be hanged

I have a million things to say but will start with this, is man should be hanged
Northern Boy 1 year ago

Hello Dr. Please have you heard about Brics? If not research on it and advise the government to apply if they want to stabilise the local currency and strengthen the economy. Dollarization is not an option because of loss of ...
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Hello Dr. Please have you heard about Brics? If not research on it and advise the government to apply if they want to stabilise the local currency and strengthen the economy. Dollarization is not an option because of loss of sovereignty.
Rodney 1 year ago

Dollarize which economy? Ya'll think its smooth like that? Visit Liberia 1st before you start bringing up such suggestions. A very weak and poor governance led us here. Where is the man who claimed he could get the dollar fro ...
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Dollarize which economy? Ya'll think its smooth like that? Visit Liberia 1st before you start bringing up such suggestions. A very weak and poor governance led us here. Where is the man who claimed he could get the dollar from 3.5 to 1 cedi? Now the dollar is 14 cedis. Please, Ya'll should stop entertaining such ideas.
Visit Liberia who has dollarize their economy and see for yourself.
Kwabena Ghana 1 year ago

Ghana is a shit hole and it will always be 1957 till today no improvement

Ghana is a shit hole and it will always be 1957 till today no improvement
Joe 1 year ago

How can you make the dollar useless in Ghana when almost everything is imported and the dollar controls about 80% of global trade?

How can you make the dollar useless in Ghana when almost everything is imported and the dollar controls about 80% of global trade?
Bastie Asantefournyinaahene 1 year ago

How about using the Otumfour Kwasia Tutu II ‘s gold coin ? Anaaa me yare ?

How about using the Otumfour Kwasia Tutu II ‘s gold coin ? Anaaa me yare ?
Jammin 1 year ago

Stupid idea. That is "fight and runaway and live to fight another day economic policies" You know exactly what we need to do to stabilize our currency. Just say it and stop this this nonsense. Econ 101.

Stupid idea. That is "fight and runaway and live to fight another day economic policies" You know exactly what we need to do to stabilize our currency. Just say it and stop this this nonsense. Econ 101.
KD 1 year ago

Didn’t Zimbabwe do the same? Where are they now?
They have now created another currency called the ZIM.
They are confused just as this Kwakye guy is.
Gadhafi’s plan for Africa was the best but they caught it fast and ...
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Didn’t Zimbabwe do the same? Where are they now?
They have now created another currency called the ZIM.
They are confused just as this Kwakye guy is.
Gadhafi’s plan for Africa was the best but they caught it fast and dismantled it.
Nsuomankwa 1 year ago

Smh... Anyway Be in control of your own water supply. Let us drill that borehole water well for you now. Visit: Waterboons.com

Smh... Anyway Be in control of your own water supply. Let us drill that borehole water well for you now. Visit: Waterboons.com
Bitter truth #1 1 year ago

Imagine all these clueless and clowns holding doctorates In Ghana..so he thinks that’s how economies work.. this fake dr with low IQ thinks it’s just easy as that..somebody tell this old fake man with fake dr title that i ...
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Imagine all these clueless and clowns holding doctorates In Ghana..so he thinks that’s how economies work.. this fake dr with low IQ thinks it’s just easy as that..somebody tell this old fake man with fake dr title that it doesn’t work that way..A lot of countries have tried that it all failed..here are some countries who adopted the dollar as their currency and its failed miserably..We have Jamaica dollar (useless dollar), Liberia dollar (Shithole dollar), Zimbabwean dollar ( disgraceful dollar)..etc..I can go on and on..It’s not about necessarily adopting the dollar or pounds as a currency In Ghana..it’s about good and strong economies with good policies to back your currency..u can even adopt both the pounds and dollars and spend the In Ghana as your currency, without good economic policy, it will never be the same as the USA dollars..The USA dollars is doing we because their economy is good and strong and also they have Good policies backing their currency..we have abundance of gold In Ghana, why don’t we have a refinery, why don’t we have gold reserves..The Ghana Govt needs good-and strong policies to back our currency..it’s not about dollarization of the Ghana economy..it will even make things worse and make cost of living very high
Bitter truth#1 1 year ago

Fake dr Kwakye needs some basic economics lessons..Because how can some with a dr title make this statement..statement like this should be made by illiterate and not educated person like u..If it’s that easy, every country ...
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Fake dr Kwakye needs some basic economics lessons..Because how can some with a dr title make this statement..statement like this should be made by illiterate and not educated person like u..If it’s that easy, every country would have adopted the dollar as their currency but it doesn’t work like that..The Ghanaian economy is not that strong and also the Govt has failed to implement policies to stabilize the cedi..
Yaaaa 1 year ago

And this man wants to be a Governor? Eiiiii. Kwakye.woa b)n papa. W'ont read anything you publish again

And this man wants to be a Governor? Eiiiii. Kwakye.woa b)n papa. W'ont read anything you publish again
Oklemekuku 1 year ago

Academia and the so-called experts are Ghana's problems. I always maintain that

Academia and the so-called experts are Ghana's problems. I always maintain that
Kwesi 1 year ago

Have IEA lost all forms of common sense?

Have IEA lost all forms of common sense?
Jennifer 1 year ago

your Voodoo senseless economics.

your Voodoo senseless economics.

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Dollarize Ghana’s economy to curb Cedi depreciation - Dr Kwakye suggests

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