Cedi depreciation rooted in fundamentals, not external factors – Prof. Abakah

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Ataa Obeng site 19 Tema 1 year ago

Where is Bawumia ? his fandamentals are wick

Where is Bawumia ? his fandamentals are wick
Atta Kay 1 year ago

When KT Hammond took it to Parliament that cow intestines ,chicken legs,pork and tilapia imported shd be banned NDC MPs said it was a delicacy for Ghanaians so he shd suspend that plan.

When KT Hammond took it to Parliament that cow intestines ,chicken legs,pork and tilapia imported shd be banned NDC MPs said it was a delicacy for Ghanaians so he shd suspend that plan.
Otoo 1 year ago

Who is going to vote for government who blames his past and future failure on covid and Russia war?

Who is going to vote for government who blames his past and future failure on covid and Russia war?
Thief of Staff - Akosua Frema 1 year ago

Prof., tell those fools like Nana Addo, Dr. Bawumia, Dr. Boako, Dr. Kokofu, Dr. Kabiru, Dr. Amoah, Prof. Nyarko and all the useless PhD holders in government or academia lying and covering up for government failures every day ...
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Prof., tell those fools like Nana Addo, Dr. Bawumia, Dr. Boako, Dr. Kokofu, Dr. Kabiru, Dr. Amoah, Prof. Nyarko and all the useless PhD holders in government or academia lying and covering up for government failures every day. Kwasiaa4 buuluubuuluuu!!!
Nana Abrokwah SA 1 year ago

Well! Thief of Staff - Akosua Frema:
Not that all those professors you mentioned doesn't know that, they really know that, but they are intentionally lying to Ghanaian citizens, just to cover up for their pay masters, that's ...
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Well! Thief of Staff - Akosua Frema:
Not that all those professors you mentioned doesn't know that, they really know that, but they are intentionally lying to Ghanaian citizens, just to cover up for their pay masters, that's all, it's deliberately they are doing that to throw dust on the faces of Ghanaian citizens
Nana 1 year ago

Anytime you see/hear insults during a political discourse it means an Ayigbe person is around.

Anytime you see/hear insults during a political discourse it means an Ayigbe person is around.
Stephano 1 year ago

Anytime someone is accused of looting and dishonesty, that can only be npp government and its footsoldiers.

Anytime someone is accused of looting and dishonesty, that can only be npp government and its footsoldiers.
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Gh for sale 1 year ago

Bawumia as economist first in the history of Ghana as a Veep,has lied, and chased the spirit of prosperous economic growth of the country to no mans land

Bawumia as economist first in the history of Ghana as a Veep,has lied, and chased the spirit of prosperous economic growth of the country to no mans land
I will vote for Bawumia to win power 1 year ago

BLIND RESEARCH. Instead of focusing on exchange rate regime, why don't you rope in the monumental achievements by the government policies and achievements like the Free SHS, acquisition of bodycam, purchase of 3 helicopters ...
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BLIND RESEARCH. Instead of focusing on exchange rate regime, why don't you rope in the monumental achievements by the government policies and achievements like the Free SHS, acquisition of bodycam, purchase of 3 helicopters for the police (first in history as far as Ghana is concerned, installation of CCT cameras on the streets of Ghana, continuous payment of salaries of government employees even during the pandemic and the current economic challenges, overhauling and improving the education sector (including registering school and private Junior High school BECE candidates), proving training and housing facilities for kayayoo, provision of housing units for the security service personnel, procurement of electric buses to be used in the system, provision of medical drone services through which emergency medical medine is supply, employment of over a million youth, etc. Tell us what your Mahama has done for Ghana apart from the corruption and incompetence?

wa-wa 1 year ago

When NPP accused Mahama and NDC concerning the exchange rate, did they factor in all the nonsense you are talking about?

When NPP accused Mahama and NDC concerning the exchange rate, did they factor in all the nonsense you are talking about?
K.K 1 year ago

Ask the fool again..

Ask the fool again..
Ogyaooo ogya 1 year ago

I wonder why ndc with all their mouth, mouth can't challenge this stupid cocoase economist. Hope they will also depend on foreign loans if they come to power. Ablakwa with all his so called nfeefemu investigation has noooo ba ...
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I wonder why ndc with all their mouth, mouth can't challenge this stupid cocoase economist. Hope they will also depend on foreign loans if they come to power. Ablakwa with all his so called nfeefemu investigation has noooo balls to debate this crab bawumia. Only good on akufooolsh addo trip expenditure. Our politicians can't ceil external reliance neither today nor tomorrow thus servicing debt interest with our revenue will continue to soar until thy kingdom come. they can't modernize agriculture to reduce importation. How will they get duties?
Nana Owusu 1 year ago

Prof is 100% right. When the Fundamentals are weak, the Exchange rate will expose you

Prof is 100% right. When the Fundamentals are weak, the Exchange rate will expose you
Selasi 1 year ago

We know errr

We know errr
Bastie Tutu 1 year ago

When the fundamentals are weak … the exchange rate will expose you. “ Bawumiah

The exchange rate is $1= 17 ghc.

This guy’s got the nerve to ask Ghanaians to vote for him ?

When the fundamentals are weak … the exchange rate will expose you. “ Bawumiah

The exchange rate is $1= 17 ghc.

This guy’s got the nerve to ask Ghanaians to vote for him ?
KA NA WU. 1 year ago

Should anybody tell Prof. Abakah that currencies correlate with the underlying economies?
To expatiate, a strong economy results in a strong currency and vice versa.
Why is it so? A strong economy attracts foreign investmen ...
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Should anybody tell Prof. Abakah that currencies correlate with the underlying economies?
To expatiate, a strong economy results in a strong currency and vice versa.
Why is it so? A strong economy attracts foreign investments, (monetary and plant and machinery, inter alia) inflows to ease aggregate demand pressure on the indigenous economy (as an example, the US Dollar being changed into GH Cedis), and creates opportunities for domestic ones as well. The opposite holds true.
It is NOT true that Covid-19 and the Russia-Ukraine war have not affected Ghana's economy.
1. Both countries are trading partners of Ghana (please refer to UN COMTRADE data, and the Observatory of Economic Complexity). As a con- sequence, the war has affected Ghana's economic fundamentals (GDP growth, foreign exchange earnings, unemployment, inflation.).
The study is superficial. An exhaustive one would have been helpful.
2. You cannot restrict repatriation of profits when you did not restrict capital flight into Ghana.
Profits HAVE to be repatriated to pay for leveraged money (loans from banks, family members, partners, etc.). The investment funds did not come from charity.
3. The GDP is a measure of periodic goods and services produced in an economy. Since human beings produce and consume the goods and use the services, it is just logical that covid-19 affected the world economies, though in different degrees.
Therefore, it not true that the pandemic did not affect Ghana's economic fundamentals, and the value of the cedi.
4. As I have commented in previous contributions on the depreciation of the cedi, it is a mixed blessing.
The exchange rate determines how much one pays for imports and exports.
A depreciating cedi is painful because imports become expensive, and cedi-denominated assets deplete leading to uncertainty in planning.
On the bright side, exports become cheaper, comparatively, to our trading partners.
So imports are constricted, and exports are expanded. That helps with our balance of payment positions.
We need a mid-point position where the cedi is neither weak nor strong, a win-win situation. Ghana should expand her export bases in terms of commodities diversification and destinations.
In conclusion, it is in the interest of Ghana for all of us to be honest in discussing our socio-economic problems, and not throwing dust into the eyes of readers based on one's political affiliation.
Kwasi 1 year ago

First of all, he assigned 11% as the impact of COVID 19 on Cedi depreciation.
Secondly, you wrote a lengthy critique of a newspaper report on a research paper, instead of the actual research paper.... congratulations to you.

First of all, he assigned 11% as the impact of COVID 19 on Cedi depreciation.
Secondly, you wrote a lengthy critique of a newspaper report on a research paper, instead of the actual research paper.... congratulations to you.
K.K 1 year ago

Don't mind him @ Kwasi. He go explain tire..

Don't mind him @ Kwasi. He go explain tire..
Wise Man. 1 year ago

Bawuliar is inGhana and he will continue to liar about the Cedi depreciation.

Bawuliar is inGhana and he will continue to liar about the Cedi depreciation.

OZYMANDIASI 1 year ago

What is Bawumia saying now?

What is Bawumia saying now?
Ogyaooo ogya 1 year ago

Sofa ka na wu the prof has detailed all your explanation or expatiates but still you can't get it. What service could we produce for export, Since our profit are been used to level loans? how could we finance production? By ...
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Sofa ka na wu the prof has detailed all your explanation or expatiates but still you can't get it. What service could we produce for export, Since our profit are been used to level loans? how could we finance production? By extra loans or?
CuntikiT 1 year ago

Prof call that idiot bawumia to order. He's mentally derailed.

Prof call that idiot bawumia to order. He's mentally derailed.
Hannan 1 year ago

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Kofr 1 year ago

These intellectuals are sometimes funny.
Per his analogy if the fall of is not covid,why has currencies the world over fallen against the world over .

These intellectuals are sometimes funny.
Per his analogy if the fall of is not covid,why has currencies the world over fallen against the world over .
Npp is anxious. 1 year ago

GHANAIANS WILL DECIDE ON SATURDAY.
LONG THESIS BY THE NAYSAYERS WILL SOON BE ANSWERED.

GHANAIANS WILL DECIDE ON SATURDAY.
LONG THESIS BY THE NAYSAYERS WILL SOON BE ANSWERED.
Truth 1 year ago

This is proper research baked by data...the stupid fools will always go with the Russian Ukraine narrative....gyimiefou nkoaa!!

This is proper research baked by data...the stupid fools will always go with the Russian Ukraine narrative....gyimiefou nkoaa!!
Didi 1 year ago

This Professor Abakah is just stupid. When previous governments were still importing chicken feet and chopsticks from China, why couldn't he conduct the research or he was afraid of the consequences of speaking freely? NDC wi ...
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This Professor Abakah is just stupid. When previous governments were still importing chicken feet and chopsticks from China, why couldn't he conduct the research or he was afraid of the consequences of speaking freely? NDC will use and dump you when you become expendable.
Maluuse 1 year ago

IS BAWUMIA LISTENING?

IS BAWUMIA LISTENING?
TonyB 1 year ago

He is perfectly right Food imports alone is a contributory factor to the weak currency How can an agricultural nation like Ghana import billions of dollars worth of food and expert our currency to be stable

He is perfectly right Food imports alone is a contributory factor to the weak currency How can an agricultural nation like Ghana import billions of dollars worth of food and expert our currency to be stable

Kofi Sam 1 year ago

IS THE PATHOLOGICAL LIAR BAWUMIA THERE? FOREVER YOU WILL FACE SHAME YOU AND YOUR NPP. YOU DON'T KNOW ANYTHING ABOUT ECONOMICS BUT YOU DECEIVED THE WHOLE NATION THAT YOU ARE "ECONOMIC WIZARD". FIRE BURN YOU, GO AWAY WITH YOUR ...
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IS THE PATHOLOGICAL LIAR BAWUMIA THERE? FOREVER YOU WILL FACE SHAME YOU AND YOUR NPP. YOU DON'T KNOW ANYTHING ABOUT ECONOMICS BUT YOU DECEIVED THE WHOLE NATION THAT YOU ARE "ECONOMIC WIZARD". FIRE BURN YOU, GO AWAY WITH YOUR WIZARDRY WHO WANTS YOU FOR PRESIDENT?
Abbt 1 year ago

Africans may fundamentally be so daft and befuddled that that we don't even know what really worries us.
I guess you should rather run for president and we will unanimously elect you.
Ukraine war,covid19 rubbish, all useles ...
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Africans may fundamentally be so daft and befuddled that that we don't even know what really worries us.
I guess you should rather run for president and we will unanimously elect you.
Ukraine war,covid19 rubbish, all uselessly peddled around.
The yet Unborn knows we import so much and that has been our bane.So,how do we bring g down these levels of imports with a knock on effect on the need for forex?

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Cedi depreciation rooted in fundamentals, not external factors – Prof. Abakah

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