Cedi to USD Rate: What Ghana needs to do for the cedi to hit single-digits

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GH. OUR MOTHER LAND 6 months ago

WE SHOULD BE ASKING THE PhD ECONOMY WIZARD FOR THE REASONS AND SOLUTIONS IF THEY ARE SHIELDED FOR APPLICATION WHEN HE BECOME THE PRESIDENT. WHAT A WICKED SMART VICE PRESIDENT. GHANA WANTS CHANGE PEACEFUL ON DECEMBER 7TH.

WE SHOULD BE ASKING THE PhD ECONOMY WIZARD FOR THE REASONS AND SOLUTIONS IF THEY ARE SHIELDED FOR APPLICATION WHEN HE BECOME THE PRESIDENT. WHAT A WICKED SMART VICE PRESIDENT. GHANA WANTS CHANGE PEACEFUL ON DECEMBER 7TH.
New order 6 months ago

Who porkumia? That man can not manage a cold store or a supermarket. He is just a scammer. I will save you from my government,so that when my government comes I will do better things than my government. Gyimi nie

Who porkumia? That man can not manage a cold store or a supermarket. He is just a scammer. I will save you from my government,so that when my government comes I will do better things than my government. Gyimi nie
Nicotinamide 6 months ago

Solution is to kick this government out and retrieve all stollen funds. Simple.

Solution is to kick this government out and retrieve all stollen funds. Simple.
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Twea 6 months ago

Soso booklong, nothing here will improve the rate. They have been doing this and it doesn't work. It is just a matter of production to reduce demand for the dollar and getting more from our natural resources

Soso booklong, nothing here will improve the rate. They have been doing this and it doesn't work. It is just a matter of production to reduce demand for the dollar and getting more from our natural resources
tsatsa 6 months ago

This is not going to happen. The World is moving forward and we are behind. we don't produce nada or anything so where are we going to get the money to bring it down? Let's wake up from our dreams.

This is not going to happen. The World is moving forward and we are behind. we don't produce nada or anything so where are we going to get the money to bring it down? Let's wake up from our dreams.
Ojah 6 months ago

HOW ABOUT SIMPLY DOING AWAY WITH THE 'BORROW AND SHARE' POLICY AND BRINGING THOSE INVOLVED TO BOOK!

HOW ABOUT SIMPLY DOING AWAY WITH THE 'BORROW AND SHARE' POLICY AND BRINGING THOSE INVOLVED TO BOOK!
Buluu 6 months ago

1. When in doubt....consult exchange rate

2. The exchange rate will expose you when the fundamentals are weak

1. When in doubt....consult exchange rate

2. The exchange rate will expose you when the fundamentals are weak
Sam 6 months ago

These Ghanaian leaders love it this way. They wish 1 dollar will be 50gh and 1 pound, 70gh. So that they will make money out of it.

These Ghanaian leaders love it this way. They wish 1 dollar will be 50gh and 1 pound, 70gh. So that they will make money out of it.
SA 6 months ago

Never vote for NPP or NDC anymore, they are waste of space, bunch of liars and corrupt people, good for nothing.

Never vote for NPP or NDC anymore, they are waste of space, bunch of liars and corrupt people, good for nothing.

Thug lord 6 months ago

Use pragmatic approach and stop this theory silly things

Use pragmatic approach and stop this theory silly things
Boss 6 months ago

Let's drop our cedi and use dollars and the problem is solved. If everything we buy on the market is calculated against the dollar then our cedi is no more important.
In which advance country can buy foreign currencies on t ...
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Let's drop our cedi and use dollars and the problem is solved. If everything we buy on the market is calculated against the dollar then our cedi is no more important.
In which advance country can buy foreign currencies on the street? Most of these black market traders are all foreigners.
Nyogblonyor 6 months ago

We need a national referendum to determine whether to liaise the cedi against the us dollar. We need to grow and est what what we grow. Manufacture and use what we produce. Ababa. The imports too much. And on top the loans we ...
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We need a national referendum to determine whether to liaise the cedi against the us dollar. We need to grow and est what what we grow. Manufacture and use what we produce. Ababa. The imports too much. And on top the loans we take comes with added on that is choking us to suffering
Asase Ba 6 months ago

Useless article with bullshit recommendations. None of the solutions will work when your politicians are stealing money and banking them overseas. Ghana is doomed forever. You should all commit suicide. There is no hope for y ...
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Useless article with bullshit recommendations. None of the solutions will work when your politicians are stealing money and banking them overseas. Ghana is doomed forever. You should all commit suicide. There is no hope for you.
Kwaku Afriyie 6 months ago

Too much theory. The article is not telling what we must do on the ground to strengthen the cedi.

A few can be considered...
Reintroduce the state farms concept to produce food items like maize, rice, onions and tomotoe ...
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Too much theory. The article is not telling what we must do on the ground to strengthen the cedi.

A few can be considered...
Reintroduce the state farms concept to produce food items like maize, rice, onions and tomotoes that we import from. Niger and Burkina Faso.

Reintroduce the Food Distribution company and make the hold real buffers for the lean seasons.

Reintroduce the large poultry farms like Pomadze and Co. to produce large numbers of poultry to curtail spending USD to import chicken.

Embark on a massive food processing drive. Get our sugar factories back in track.

Reintroduce institutions like EREDEC, NORADEP, CEREDEC, VORADEP. Thea institutions played vital roles to ensure the rural farming programs were successful.

Protect our arable lands.

We can only fix our cedi challenge through food self suffiency. That is what will drive the inflation down. That's what the East African countries have done. When you enter their supermarkets, almost 80% of the items on sale are produced in the country. Only the electricals and electronics and about 40%of wines and spirits, some glassware and chinaware are imported..... And the Chinese food items corner.

Also reintroduce the Gratis Project with a bid to making it more competitive for foundry products.

So we will use FX for real things that we cannot produce or can't produce the quantities that we need. Like fuel, cars, etc.

We can never get out of the FX situation by borrowing. Something we have been doing since 1983/84 under the Economic Recovery Program but hasn't helped us. Interestingly doing the same thing over and over again and expecting a different result is a definition of something unpalatable.
Oklemekuku 6 months ago

'cedi no aye hatahatahata' ..... ....Akuffo Addo in 2016

'cedi no aye hatahatahata' ..... ....Akuffo Addo in 2016
K Houston 6 months ago

The writer was just answering SHS exams question.
What a waste of space and data to read.

The writer was just answering SHS exams question.
What a waste of space and data to read.
Ohene Abrefa 6 months ago

NDC took the cedi from 1 cedi to a dollar to 4 cedis to a dollar . More than 400 %
Npp took it from 4 cedis to a dollar to 16 cedis to a dollar, more than 400%
The if that be the case we should all sit down to discuss what ...
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NDC took the cedi from 1 cedi to a dollar to 4 cedis to a dollar . More than 400 %
Npp took it from 4 cedis to a dollar to 16 cedis to a dollar, more than 400%
The if that be the case we should all sit down to discuss what we can do to maintain the cedi
Nii Tse 6 months ago

Stop the lies. The dollar was ¢1.7+ in December 2008.

Facts are facts

Stop the lies. The dollar was ¢1.7+ in December 2008.

Facts are facts
Kramai 6 months ago

You think from 1$ to 4 is the same as from 4 to 16 haba

You think from 1$ to 4 is the same as from 4 to 16 haba

Madela 6 months ago

Don’t say what Ghana need to do , go tell bawumlair what to do if what u are say is credible

Don’t say what Ghana need to do , go tell bawumlair what to do if what u are say is credible
Kb 6 months ago

Focus on the agric sector to produce efficiently to feed the nation, create jobs, supply agro industries to substitute food importation and export the rest. This narrow minded fixation on artificially propping up the cedi has ...
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Focus on the agric sector to produce efficiently to feed the nation, create jobs, supply agro industries to substitute food importation and export the rest. This narrow minded fixation on artificially propping up the cedi has never and will never work. Focus on the above and the cedi will respond positively
william. Ejisu 6 months ago

I don't know what gold reserves Ghana has,......but to me ,as there seems to be an endless supply still in the ground,WHY don't they sell a large chunck of the gold reserves to prop up the economy?.....and not borrow so mu ...
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I don't know what gold reserves Ghana has,......but to me ,as there seems to be an endless supply still in the ground,WHY don't they sell a large chunck of the gold reserves to prop up the economy?.....and not borrow so much money to overseas Countries such as China.
Ghana owes China a lot of money,and the debt needs to be reduced ,instead of begging for debt relief like they do....Once you default, on a loan,......there's a penalty rate applied.......The current Finance Minister, seems to be more transparent than the other nerd that was there,as he was just a rude prick.
By getting debt relief in the short term,the debt still has to paid.....but I don't where the money is going to come from when it matures next time.
ANY IDEAS ......CUT GOVERNMENT SPENDING.....WOULD BE A START
BUT THE GOVERNMENT, JUST CANT MAKE TOUGH DECISIONS.....THAT IS WHY GHANA WILL ALLWAYS STRUGGLE TO GET BACK ON THE HORSE.....I DONT MEAN MORE TAXES EITHER......GHANA NOW TAXED OUT .......WENT TO A SUPERMARKET YESTERDAY IN KUMASI.........GROCERY BILL WAS 1414 ghc all up.....in that amount was 234 ghc tax.....That was 5 different taxes....on a grocery bill.
There was more staff in the store that customers which you could count on one hand.....People can't afford to shop in a supermarket now because of high taxation......

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Cedi to USD Rate: What Ghana needs to do for the cedi to hit single-digits

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