'Bank of Ghana has become a toothless bulldog' - Dr. Kwakye on rapid cedi depreciation

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Kofi Adu 1 year ago

Elections time in the US all major currencies around the world is trading low. This morning look at how the Pesos has slowed down. Until the US elections are over no country is ready to stabilize their currency. Because inve ...
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Elections time in the US all major currencies around the world is trading low. This morning look at how the Pesos has slowed down. Until the US elections are over no country is ready to stabilize their currency. Because investors do trading based on the strength of the US economy.
Ernest Cobbinah 1 year ago

Just shut up if u don't know. The cedi the 4th worst performing currency in the world and it has been depreciating even before the usa election. I live here in dubai and their currency has been 3.65 to a dollar since 1975 so ...
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Just shut up if u don't know. The cedi the 4th worst performing currency in the world and it has been depreciating even before the usa election. I live here in dubai and their currency has been 3.65 to a dollar since 1975 so what are u talking about?? Shut up!
Kofi Adu 1 year ago

Idiot you live in Dubai so you are critical of the Ghana economy and the currency. But compare Dubai population to that of Ghana. And know that their currency is being backed by the huge oil industry they have. You spewing th ...
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Idiot you live in Dubai so you are critical of the Ghana economy and the currency. But compare Dubai population to that of Ghana. And know that their currency is being backed by the huge oil industry they have. You spewing this nonsense the oil Dubai produces does Ghana has the same?
Gbeh Agbo 1 year ago

Oil is a mere 7% of Dubai's economy. Vision is what the leader has there. In Ghana you have thieves running the economy. Mahamas 4 years is by far better than Akufo Addo bawuliar 8 years of government.

Oil is a mere 7% of Dubai's economy. Vision is what the leader has there. In Ghana you have thieves running the economy. Mahamas 4 years is by far better than Akufo Addo bawuliar 8 years of government.
Fireman 1 year ago

Hypocrites everywhere nowadays. Just shut your filty mouth before Ghanaians rage on you with anger

Hypocrites everywhere nowadays. Just shut your filty mouth before Ghanaians rage on you with anger
Gbeh Agbo 1 year ago

I don't believe how stupid you are, the cedi has been on a downward slide since 2022 and you blame the US elections of 2024. The foundimentals are week and the exchange rate has exposed bawuliar the fool. This npp government ...
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I don't believe how stupid you are, the cedi has been on a downward slide since 2022 and you blame the US elections of 2024. The foundimentals are week and the exchange rate has exposed bawuliar the fool. This npp government is the worst ever in Ghanas history. The irony is that the man who has destroyed Ghanas economy has the effontry to want to be president. The firing squad is what he deserves
JANKROMAH 1 year ago

THE ONLY THING GHANA NEEDS TODAY IS A COUP DE TAT!
See the hundreds of millions Bawumiah and Mahama are spending to seek power in an INDEBTED, HIPC IMPOVERISHED God-Forsaken land.....!!! and glance up to BURKINA FASO, aka UP ...
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THE ONLY THING GHANA NEEDS TODAY IS A COUP DE TAT!
See the hundreds of millions Bawumiah and Mahama are spending to seek power in an INDEBTED, HIPC IMPOVERISHED God-Forsaken land.....!!! and glance up to BURKINA FASO, aka UPPER VOLTA.....a country Ghanaians used to deride and laugh at kwa kwa kwa kwa....
Ernest Cobbinah 1 year ago

Perfectly agreed, the politicians can't enjoy and take us for granted

Perfectly agreed, the politicians can't enjoy and take us for granted
TRUTH 1 year ago

"I initially dismissed the notion that a Dutch passport is more valuable than a PhD, but considering our economists' and professors' inability to address economic issues, it's a harsh reality. Having a prestigious degree is m ...
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"I initially dismissed the notion that a Dutch passport is more valuable than a PhD, but considering our economists' and professors' inability to address economic issues, it's a harsh reality. Having a prestigious degree is meaningless if it can't solve real-world problems. For instance, Great Britain's economists effectively addressed their currency's decline after a government change, but Ghana's economists have failed to stabilize the Cedi against the dollar. This raises questions about their credibility and effectiveness ¹ ².
Joe 1 year ago

Talk to bawumia! He claims digitization is the solution to our problems!

Talk to bawumia! He claims digitization is the solution to our problems!

OBENG MANU 1 year ago

This is another Kwakye attention seeker. Go away.

This is another Kwakye attention seeker. Go away.
Alan Kyeremanteng 1 year ago

I TOLD U NPP = NKWASIAFUO PEOPLE'S PARTY. UMOUFIA CARTOONS CONCERT CATHEDRAL

I TOLD U NPP = NKWASIAFUO PEOPLE'S PARTY. UMOUFIA CARTOONS CONCERT CATHEDRAL
Kojo 1 year ago

This DR Kwakye is always exposing his lack of knowledge and business acumen. If the dollar were rising out of genuine demand for transaction and not hoarding, it would make sense for the BoG easing it's reserve accumulation. ...
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This DR Kwakye is always exposing his lack of knowledge and business acumen. If the dollar were rising out of genuine demand for transaction and not hoarding, it would make sense for the BoG easing it's reserve accumulation. As is, it's would be wasteful and unwise for the central bank to pump in more dollars. That's all speculators want.
Fireman 1 year ago

How did he even get awarded with doctor title

How did he even get awarded with doctor title
Ernest Cobbinah 1 year ago

Under the IMF programme BOG is limited from intervening in the exchange rate, they are also required to buffer their reserves. We are nearing December where lot of importation happen because of festivities and you honestly t ...
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Under the IMF programme BOG is limited from intervening in the exchange rate, they are also required to buffer their reserves. We are nearing December where lot of importation happen because of festivities and you honestly think the cedi is depreciating because of speculation? Bro bro stop that, the cedi was 15 to a dollar in May when we weren't servicing our debt, now Ghana is servicing it debt and the expected syndicated loan which has been helping us stabilise the cedi around October is cancelled. GHana is also blocked from borrowing from the international market so this are the factors leading to the rapid depreciating of the cedi. I forgot to mention, mismanagement
Gbeh Agbo 1 year ago

You fail to understand that the economy is shrinking, more money is going out than coming in. This npp government is clueless on how to run an economy.

You fail to understand that the economy is shrinking, more money is going out than coming in. This npp government is clueless on how to run an economy.
Gbeh Agbo 1 year ago

When people talk the truth, these npp bastards talk rubbish. How can you be supporting a bunch of criminals like these. You are either stupid or you are with the crooks. Npp Kleptomaniacs

When people talk the truth, these npp bastards talk rubbish. How can you be supporting a bunch of criminals like these. You are either stupid or you are with the crooks. Npp Kleptomaniacs
KWAO LAWYER 1 year ago

Where is Dr. Otabil????
Where is Rev. Prof. Martey

Our "so called" Big Men are hiding

God of Abraham is speaking for JDM

Where is Dr. Otabil????
Where is Rev. Prof. Martey

Our "so called" Big Men are hiding

God of Abraham is speaking for JDM
SA 1 year ago

The governor for BOG, Dr Addison, should've been sacked 4 years ago, why is this guy still at post, who is protecting him? He has no answers to the depreciating Cedi since the past 7 years, what the hell is going on in Ghana, ...
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The governor for BOG, Dr Addison, should've been sacked 4 years ago, why is this guy still at post, who is protecting him? He has no answers to the depreciating Cedi since the past 7 years, what the hell is going on in Ghana, lame duck, useless government, keeping and protecting no gooders as always.
Gbeh Agbo 1 year ago

The governor of BOG does not run the economy, he supervises the banks. The economy was run by Ken and buwuliar they should have been fired 4 years ago with the entire npp government. These are thieves

The governor of BOG does not run the economy, he supervises the banks. The economy was run by Ken and buwuliar they should have been fired 4 years ago with the entire npp government. These are thieves

Fireman 1 year ago

I told you guys Npp will loot and reck this lovely country from day one

I told you guys Npp will loot and reck this lovely country from day one
Kwadwo 1 year ago

Stupid, idiot and useless government led by useless akufo addo and bawumia

Stupid, idiot and useless government led by useless akufo addo and bawumia
Hannan 1 year ago

;)))) Hot girls are waiting for you on --- www.Hot4.eu

;)))) Hot girls are waiting for you on --- www.Hot4.eu
Test 2 1 year ago

THE ROUGE AKUFO ADDO AND HIS MAFIA NPPIGS ARE STEALING THE FEW DOLLARS LEFT AT THE BOG BEFORE THEY ARE BOOTED OUT OF OFFICE
LATER ALL OF THEM WILL BE ARRESTED TO COME AND ACCOUNT FOR ALL THEIR MISDEEDS

THE ROUGE AKUFO ADDO AND HIS MAFIA NPPIGS ARE STEALING THE FEW DOLLARS LEFT AT THE BOG BEFORE THEY ARE BOOTED OUT OF OFFICE
LATER ALL OF THEM WILL BE ARRESTED TO COME AND ACCOUNT FOR ALL THEIR MISDEEDS
Mimi 1 year ago

The dollar has break jail long time that's why hahaha
If this nation wreckers win this election 2024 then every Ghanaian must prepare to die. But I know their followers will die first due to the economic hardship they face.

The dollar has break jail long time that's why hahaha
If this nation wreckers win this election 2024 then every Ghanaian must prepare to die. But I know their followers will die first due to the economic hardship they face.
J. Johnson 1 year ago

We have a Governor at the bank of Ghana whose aim was to cut a lot of money for this government to chop and have damaged Ghana’s economy badly. The new government coming in 2025 should get rid of this Bank of Ghana’s Gove ...
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We have a Governor at the bank of Ghana whose aim was to cut a lot of money for this government to chop and have damaged Ghana’s economy badly. The new government coming in 2025 should get rid of this Bank of Ghana’s Governor and his deputies. Let them go home and get unemployment pay in Cedis. That should be their stealing rewards.
Alfa 1 year ago

Meanwhile the governor, his deputies and the finance minister and his deputies keep assuring Ghanaians that the cedi will rebound soon, a mirage.

Meanwhile the governor, his deputies and the finance minister and his deputies keep assuring Ghanaians that the cedi will rebound soon, a mirage.

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'Bank of Ghana has become a toothless bulldog' - Dr. Kwakye on rapid cedi depreciation

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