IMF confirms Africa Policy Lens' report that BoG pumped $1.4 billion to boost cedi

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.mr amin 5 months ago

They should leave us alone do decide how to spend our money that will benefit the people BoG should proceed to protect the cedi is their constitutional duty the should protect the cedi with our resources by any means because ...
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They should leave us alone do decide how to spend our money that will benefit the people BoG should proceed to protect the cedi is their constitutional duty the should protect the cedi with our resources by any means because the depreciation of the cedi is the mother of all our problems
saga 5 months ago

BOG should continue to stabilize the cedi,comments by africa policy lens is why people see blacks as monkeys,do you know what other countries are doing to stabilize their currencies

BOG should continue to stabilize the cedi,comments by africa policy lens is why people see blacks as monkeys,do you know what other countries are doing to stabilize their currencies
NOTHING WRONG IF BOG PUMPED MONEY INTO FX 5 months ago

WHAT IS WRONG IF BOG PUMPS MONEY INTO THE FOREX MARKET???DIDN'T THE PREVIOUS NPP GOVERNMENT DO THE SAME!!!IN FACT ACCORDING TO CONFIRMED REPORTS BOG PUMPED IN OVER $3BN DOLLARS IN THE FOREX MARKET LAST YEAR(2024)!!!

WHAT IS WRONG IF BOG PUMPS MONEY INTO THE FOREX MARKET???DIDN'T THE PREVIOUS NPP GOVERNMENT DO THE SAME!!!IN FACT ACCORDING TO CONFIRMED REPORTS BOG PUMPED IN OVER $3BN DOLLARS IN THE FOREX MARKET LAST YEAR(2024)!!!
Gbeho Agbo 5 months ago

National security should go to Frankie's in Accra it's full of people from Niger selling dollars and other foreign currencies without licenses. They should be arrested, they are creating a black market for foreign currency. T ...
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National security should go to Frankie's in Accra it's full of people from Niger selling dollars and other foreign currencies without licenses. They should be arrested, they are creating a black market for foreign currency. They even send our dollars to Togo, Nigeria and other countries.
NPP= NANA'S POVERTY PROMOTERS 5 months ago

What do these NPP idiots of Isaac Boadi, George Domfeh, Frank Banor, Joshua Zaato etc..want to achieve? Ghana is a sovereign country and choose any economic policy which favors them. The appreciation of the cedi has helped th ...
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What do these NPP idiots of Isaac Boadi, George Domfeh, Frank Banor, Joshua Zaato etc..want to achieve? Ghana is a sovereign country and choose any economic policy which favors them. The appreciation of the cedi has helped the country tremendously. Inflation has reduced imports are cheaper, our rating has improved to B-, prices of commodities have reduced, fuel prices have reduced etc..Compared to the evil Akuffo Addo regime where these idiotic academics hold sway, what had the NPP achieved? One thing is clear, no matter the evil intentions of the people are, NPP is not coming to power today or tomorrow.
Simon A 5 months ago

Good comment. They are always trying to dictate to how African nations should run their country

Good comment. They are always trying to dictate to how African nations should run their country
JJ 5 months ago

The US prints dollars like water, what says the IMF on that? leave us alone, every country has its mode of maintaining the value of its currency and there is nothing wrong with that.

The US prints dollars like water, what says the IMF on that? leave us alone, every country has its mode of maintaining the value of its currency and there is nothing wrong with that.
saga 5 months ago

africa policy lens have exposed themselves as been highly ignorant,many many countries dont just allow markets to determine their exchange rates,they aggressively put measures to control that, as it's very important either th ...
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africa policy lens have exposed themselves as been highly ignorant,many many countries dont just allow markets to determine their exchange rates,they aggressively put measures to control that, as it's very important either they devalue it or strengthen it,or employ a fixed exchange rate regime,but you never hear and so called think tanks calling them out,take for instance china where the IMF representative who relayed that message originally comes from,in the past they put very extreme measures to control their exchange rate and it proved very effective even though it was very detrimental to other countries producing similar items,today they dont really do so only because they want to move from low end production to higher end production,so they are no longer interested in devaluing their currency that much like in the past
JJ 5 months ago

The US prints dollars like water, what says the IMF on that? leave us alone, every country has its mode of maintaining the value of its currency and there is nothing wrong with that. At least we are not printing cedis but rat ...
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The US prints dollars like water, what says the IMF on that? leave us alone, every country has its mode of maintaining the value of its currency and there is nothing wrong with that. At least we are not printing cedis but rather, pumping in dollars we legally earned.
Mr Ibu 5 months ago

And so what? It is our own money. We can use it the way we want. The BOG should continue to do whatever is necessary to support the cedi

And so what? It is our own money. We can use it the way we want. The BOG should continue to do whatever is necessary to support the cedi

SA 5 months ago

We spent $1.4 billion to prop up the Cedi and wiped out over 150 billion Cedis in national debt, which is over $12 billion, which is better. On top of this, inflation is coming down, interest rate is coming down, less borrowi ...
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We spent $1.4 billion to prop up the Cedi and wiped out over 150 billion Cedis in national debt, which is over $12 billion, which is better. On top of this, inflation is coming down, interest rate is coming down, less borrowing, investor confidence is going up, positive atmosphere of the general population about the direction of the economy, this is exactly what we want to see in a government.
Ebenezer Ayim 5 months ago

One thing we have to know is that,they don't want us to be self reliance. We should always go to them for loans and grants,as we are doing what is right now,it's affecting their business. The government should not give in to ...
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One thing we have to know is that,they don't want us to be self reliance. We should always go to them for loans and grants,as we are doing what is right now,it's affecting their business. The government should not give in to their demands. As long as our foreign reserve is not affected
Jerusalem 5 months ago

Useless crop of silly NPP lecturers calling themselves Africa Policy Lens. I wonder what these idiots are teaching the children. Their prayer is that the cedi should fall to enable them do propaganda for that dancing cow Ba ...
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Useless crop of silly NPP lecturers calling themselves Africa Policy Lens. I wonder what these idiots are teaching the children. Their prayer is that the cedi should fall to enable them do propaganda for that dancing cow Bawumia. Shame on them. Useless chew and pour idiots
Sid. 5 months ago

We want $1.4 billion dollars to complete agenda 111 project but the govt said it will done in 12 years yet we can find the same amount to support the cedi. If we can spent $1.4 billion in 6 months, how much are we going to sp ...
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We want $1.4 billion dollars to complete agenda 111 project but the govt said it will done in 12 years yet we can find the same amount to support the cedi. If we can spent $1.4 billion in 6 months, how much are we going to spend in 4 years..
Good 5 months ago

Your source of information that government said it will take 12 years to complete agenda 111

Your source of information that government said it will take 12 years to complete agenda 111
Don 5 months ago

Useless people, even if the government will pump 1 trillion in the economy to sustain the cedi Ghanaians will support it unless you nation wreckers NPP!!

Useless people, even if the government will pump 1 trillion in the economy to sustain the cedi Ghanaians will support it unless you nation wreckers NPP!!
Sam 5 months ago

Not sure this is entirely accurate but even if it comes close to being accurate, if that helps our economy to have a little briefing space and deliver a little relief to the people, why not?

Not sure this is entirely accurate but even if it comes close to being accurate, if that helps our economy to have a little briefing space and deliver a little relief to the people, why not?
No no no 5 months ago

They should rather be talking about how to check corruption other than these cheap think tanking.

They should rather be talking about how to check corruption other than these cheap think tanking.
Eric Mensah 5 months ago

The useless Dr. Zaato with his jaws like a cow is among the Africa Policy Lens lecturers. No wonder

The useless Dr. Zaato with his jaws like a cow is among the Africa Policy Lens lecturers. No wonder
Nato 5 months ago

So what's goes to tell us now about our economy? We don't produce and export shit. People smuggle our gold, cocoa and dollars out of the country freely. No regulations to stop people from charging goods and services in doll ...
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So what's goes to tell us now about our economy? We don't produce and export shit. People smuggle our gold, cocoa and dollars out of the country freely. No regulations to stop people from charging goods and services in dollars in ghana. Why? Are we afraid of the Indians, Lebanese, Chinese, Nigerians and some fucking Ghanaians doing this. Why should a minister pride himself of holding dollars or spending dollars. Why? Can u spend cedis in China, India, Nigeria? Our leaders are just useless and wicked at the same time.
Why is it that dollars rate has come down but inflation is still high on food items? But wicked, evil traders where blaming cedi depreciation for the past 8yrs days, for being the cause if high inflation on food items. So we beg the world bank and imf should stop meddling in our affairs. The economics don't add up and there is a disconnect somewhere. So stop ur foolish theories that has never work for Africans. What should the government use to boost the cedi then? Cocoa or oil ? Thieves. U are the same people imposing tariffs on African goods, u topples government's and distablized states, creat wars to destroy their economics and your are sitting there talking about theories. Is gold not an export commodity? JM continue and do more. But make laws to cut off any illegal trader on forex market in ghana. Do they have illegal forex in USA LONDON CHINA JAPAN . ARREST ALL OF THEN AND CHARGE THEM . THEY ARE BURKINABES MAILIANS AND NIGERIANS DOING THAT . ARREST AND BANK MANAGER FOR SELLING DOLLARS TO THESE PEOPLE.

Kubi 5 months ago

The IMF & world bank just like other global institutions are the most powerful destructive weapons used by America & other western countries to economically destroy Africa. So that they can exploit, pillage and plunder our n ...
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The IMF & world bank just like other global institutions are the most powerful destructive weapons used by America & other western countries to economically destroy Africa. So that they can exploit, pillage and plunder our natural resources and all other resources.
The IMF & world bank are just powerful economic destruction weapons ever engineered against the development of African countries.
No country has ever prospered under their supervision.
Those two institutions and other western control international institutions must be kicked out of Africa
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Gbeho Agbo 5 months ago

Almost every country in the world does the same. We have to find 400 million dollars a month for petroleum imports. Japan sell dollars to prop up the yen. Europe does the same. When Africa does it then we get scolded. We as G ...
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Almost every country in the world does the same. We have to find 400 million dollars a month for petroleum imports. Japan sell dollars to prop up the yen. Europe does the same. When Africa does it then we get scolded. We as Ghanaians have to do what's best for us, bring down inflation, reduce unemployment and produce everything we import in Ghana. Import substitution will help preserve foreign currency for development
The IMF is an Enemy 5 months ago

So if that is what will help our economy we shouldn't do it. This IMF must be expelled from our country. They are evil

So if that is what will help our economy we shouldn't do it. This IMF must be expelled from our country. They are evil
Joe 5 months ago

And so what? What is good for us is what we do for our country. IMF please back off! Leave us alone.

And so what? What is good for us is what we do for our country. IMF please back off! Leave us alone.
Ebenezer Ayim 5 months ago

So how do you stabilize the cedis if you don't inject money into the system? When there is lack of the dollar,the cedi will certainly crash,it is the duty of the government to provide the dollar to stabilize the economy. The ...
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So how do you stabilize the cedis if you don't inject money into the system? When there is lack of the dollar,the cedi will certainly crash,it is the duty of the government to provide the dollar to stabilize the economy. The same dirty advice they gave to the NPP till the cedi got to 17 cedis. How many countries are they controlling like they want to do to Ghana? The government should keep the dollar and watch while the economy destroys.
Naaa kay 5 months ago

And so? Ghanaweb don't be reporting such news on your platform....and so what BOG dump money so? Don't worry in the next 2 years dollar will not even exist

So u can report and investigate what ever u want to investigate ...
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And so? Ghanaweb don't be reporting such news on your platform....and so what BOG dump money so? Don't worry in the next 2 years dollar will not even exist

So u can report and investigate what ever u want to investigate we the Ghanaians careless
Hannan 5 months ago

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Integrity 5 months ago

This is jaundice analysis. Why did they give us the amount of US dollars per each period from 2017 to 2024. We all know that over the years government supports the Ghana cedis with dollars to meet market demand. What is new a ...
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This is jaundice analysis. Why did they give us the amount of US dollars per each period from 2017 to 2024. We all know that over the years government supports the Ghana cedis with dollars to meet market demand. What is new about the current situation for them to be given us this bogus analysis. They should give us a break.
Nii Amarteifio 5 months ago

Strengthening the Cedi with the dollars and acquiring more gold to back it up is better than sharing it among corrupt politicians, friends and families.

Strengthening the Cedi with the dollars and acquiring more gold to back it up is better than sharing it among corrupt politicians, friends and families.

a so-called SOVEREIGN nation living on the dictates of a group of Whitefolks.. 4 months ago

Ghana can choose of pump $200B into our own economy, ITS OUR MONEY..
until the Blackman decides to ignore the Whites and learn to manage his resources and nation on his own terms, we shall ever be enslaved by their policies ...
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Ghana can choose of pump $200B into our own economy, ITS OUR MONEY..
until the Blackman decides to ignore the Whites and learn to manage his resources and nation on his own terms, we shall ever be enslaved by their policies... even including their democracy

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IMF confirms Africa Policy Lens' report that BoG pumped $1.4 billion to boost cedi

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