'You control the rate, abokyi controls the dollar' - Netizens react to BoG's new forex rates

Read Article

Comments (47)

This article is closed for comments.

Read Comments Comments (47)

Akwasi 4 months ago

Settings government

Settings government
Kojo 4 months ago

Why didn’t your NPP also use settings?

Why didn’t your NPP also use settings?
CITIZEN 4 months ago

Maybe they wanted to be truthful about reality at that time because no matter what you do, truth will come out

Maybe they wanted to be truthful about reality at that time because no matter what you do, truth will come out
AKP 4 months ago

Do you know the gains this "settings" has brought the country and the citizens for the past 6 months?

Do you know the gains this "settings" has brought the country and the citizens for the past 6 months?
Gh man 4 months ago

What gains you stooge, do you think the whole world can be fooled like you fool soldiers?? Pathetic indeed

What gains you stooge, do you think the whole world can be fooled like you fool soldiers?? Pathetic indeed
Ghanaman 4 months ago

The Ostrich can continue to hide its head in a hole in the ground and believe it has solved its problems, but predators will soon have it for lunch.

The Ostrich can continue to hide its head in a hole in the ground and believe it has solved its problems, but predators will soon have it for lunch.
JD 4 months ago

Ndc twerps stop defending stupidity. Those guys at the backmarket are mostly foreigners and they are making profits from us. Whiles you're busy on borlaweb defending such Ndc nonsense.

Ndc twerps stop defending stupidity. Those guys at the backmarket are mostly foreigners and they are making profits from us. Whiles you're busy on borlaweb defending such Ndc nonsense.
A B 4 months ago

Really! it's the traders who collect hard dollars from the banks in the name of buying goods from Dubai and turn round and sell it to the black marketers (abotsi) to make profit
TELL THEM TO STOP

Really! it's the traders who collect hard dollars from the banks in the name of buying goods from Dubai and turn round and sell it to the black marketers (abotsi) to make profit
TELL THEM TO STOP
Kwabena sa 4 months ago

Who should tell them to stop my brother? I think it is the Government who should put measures in place to stop them

Who should tell them to stop my brother? I think it is the Government who should put measures in place to stop them
saga 4 months ago

are forex bureaus no longer operating in ghana,why cant they change there for a slightly higher rate and leave the banks alone,I was in china and wanted a palty $100 from my bank and was denied,I had to go to the black market ...
read full comment

are forex bureaus no longer operating in ghana,why cant they change there for a slightly higher rate and leave the banks alone,I was in china and wanted a palty $100 from my bank and was denied,I had to go to the black market too as they didnt have any forex bureaus,the exchanger told me clearly it's illegal but knows I dont have any other option

Stag 4 months ago

What some Ghanaians

What some Ghanaians
Nana 4 months ago

How many times have you been to China? And do you know the difference between the exchange of the bank and black market? It's mostly between 0.03 and 0.04. So stop the noise of your probably one off visit here

We are talk ...
read full comment

How many times have you been to China? And do you know the difference between the exchange of the bank and black market? It's mostly between 0.03 and 0.04. So stop the noise of your probably one off visit here

We are talking of a difference of 2.0+ and you compare China to our issue here.

Stop the braggadocios behaviour here
Analyst 4 months ago

Your comment is not fair to saga. It looks like you are not an international business person else you won't put out that crap response. We are happy the Forex rate is down but businesses are struggling because suppliers have ...
read full comment

Your comment is not fair to saga. It looks like you are not an international business person else you won't put out that crap response. We are happy the Forex rate is down but businesses are struggling because suppliers have held our goods in Europe and China for non- payment because we are not getting the forex to pay meanwhile money is sitting at the bank for the past 1 month , someone of us resorted to online payment with Debit cards but that one too has quickly been blocked with a cap of 5K USD daily which means 10days to pay only 50K online. It's frustrating that they have good intentions but BOG don't seem to have forex because good intentions don't produce USD and Euro
Mr Acheampong 4 months ago

Importers may be happy with the low rate but exporters have lost 42% of their income and can no longer cover their costs once they exchange their foreign earnings for cash. No reduction in costs either, fuel up, power up, wag ...
read full comment

Importers may be happy with the low rate but exporters have lost 42% of their income and can no longer cover their costs once they exchange their foreign earnings for cash. No reduction in costs either, fuel up, power up, wages are unchanged, export costs are the same, export businesses are going bankrupt and out of business!
GUARANTEED MONEY-MAKING $KILL JUST FOR YOU!!! 4 months ago

Lol...HURRY NOW! EARN from what U LEARN and what you earn in just one day with this skilled-service business will far outweigh the token you pay to learn this skill. Remember: The smartphone repairs & accessories business is ...
read full comment

Lol...HURRY NOW! EARN from what U LEARN and what you earn in just one day with this skilled-service business will far outweigh the token you pay to learn this skill. Remember: The smartphone repairs & accessories business is a daily cash flow hub — a true beehive of opportunity: Fix, Flash, Sell accessories.That's raw cash changing hands every day. With everyone owning a smartphone, and problems always arising, this is a never-ending opportunity stream. Learn This Skill. Launch Your Own Business. Start Earning Daily. Don’t just scroll comment threads— invest in knowledge, and reap financial rewards. Whether you're looking to:* Earn daily cash, *Start a service-based business, *Or even break into high-paying IT careers .Get Chukky Oparandu’s Guidebooks: Perfect for you — or someone close who's just idling around. Join the thousands who’ve transformed their lives by following this proven path. NOW Search "Chukky Oparandu" on Amazon Or visit [selar.co/m/chukky). French Edition Available! "Gagnez de l'Argent en Réparant des Téléphones & Tablettes". Don’t miss his blockbuster career guide:“IT Career: A Roadmap” #Skill #SmartphoneRepair #FlashPhones.,,..,
Moses 4 months ago

The govt should enforce the laws. Arrest Abokee. Unless Ghana will go backward again.

The govt should enforce the laws. Arrest Abokee. Unless Ghana will go backward again.
Ghanaman 4 months ago

I can see you were not around in those days when forex bureaux did not exist in Ghana, when there was only the banks and black market and Rawlings tried to enforce exchange rates and outlaw black market. What did it achieve? ...
read full comment

I can see you were not around in those days when forex bureaux did not exist in Ghana, when there was only the banks and black market and Rawlings tried to enforce exchange rates and outlaw black market. What did it achieve? He learnt the hard way that even under military dictatorship, he couldn't force people to buy dollars only at bank rate in the country. Why do you think the black market headquarters in Ghana is in front of the Airport Police station?
they say they say 4 months ago

The importations are too much. Cut down importations so many unnecessary things and see how fast Ghana develops

The importations are too much. Cut down importations so many unnecessary things and see how fast Ghana develops
Owusey1964 4 months ago

Where does Abokyi get his dollars from?
Is it not the banks that give the available dollars to him to go and sell in the black market and they share their profits?

Where does Abokyi get his dollars from?
Is it not the banks that give the available dollars to him to go and sell in the black market and they share their profits?
wiseman 4 months ago

@ Owusu...Ghana is really sick. Why abokyi has abundant dollars than usual foreix bureau operators? The answer is what Owysu has said.

@ Owusu...Ghana is really sick. Why abokyi has abundant dollars than usual foreix bureau operators? The answer is what Owysu has said.

Nana 4 months ago

It's 100% true my Brother

It's 100% true my Brother
Hannan 4 months ago

;) Welcome to the best adult dating site -->> Sexy24.mom

;) Welcome to the best adult dating site -->> Sexy24.mom
Abugre 4 months ago

The reality will expose the goverment's deception

The reality will expose the goverment's deception
NET 2 4 months ago

@ Abugre. And opens Bawumia's anus wide

@ Abugre. And opens Bawumia's anus wide
Aku 4 months ago

You got me laughing hysterically at midnight when my neighbor has just died. Why are you like that?

You got me laughing hysterically at midnight when my neighbor has just died. Why are you like that?
KWEKU OSIJANI 4 months ago

And Mahama will lick his ASS for the deception

And Mahama will lick his ASS for the deception
Francis Mccarthy 4 months ago

Go to tbe FOREX BUREAUS. THEN.WHEN YOU THE IMPORTER BUYS FROM THE BANKS, YOU WILL END- UP CHANGING IT AGAIN AT THE BLACK MARKET. GO TO THE FOREX BUREAU WILL GET IT AT AROUND GHs12--13. simple.

Go to tbe FOREX BUREAUS. THEN.WHEN YOU THE IMPORTER BUYS FROM THE BANKS, YOU WILL END- UP CHANGING IT AGAIN AT THE BLACK MARKET. GO TO THE FOREX BUREAU WILL GET IT AT AROUND GHs12--13. simple.
Williams 4 months ago

Who is the govt deceiving? You can't get dollars at the bank and are still quoting 10.4. when it is 13.5 at the black market. You just making us uncomfortable to do business

Who is the govt deceiving? You can't get dollars at the bank and are still quoting 10.4. when it is 13.5 at the black market. You just making us uncomfortable to do business
KA 4 months ago

Reality will catch up with NDC government. Everyday for thief man, one day for police. Wait till Trump's tariffs set in.

Reality will catch up with NDC government. Everyday for thief man, one day for police. Wait till Trump's tariffs set in.
Alidu 4 months ago

The appreciation of the cedis is the result of IMF bailout and now the last portion of the money has been paid and bigger part of it has been used to service our gigantic debt. If you could see the cedis is now deprecating an ...
read full comment

The appreciation of the cedis is the result of IMF bailout and now the last portion of the money has been paid and bigger part of it has been used to service our gigantic debt. If you could see the cedis is now deprecating and it is going to continue through December.

JJ is a killer and Ndc is cocaine party 4 months ago

This government can only deceive foolish and useless persons like Sam Gyamfi , the onus Dinner smart not Ghanaians ....dollar is 13.5 at the black market.... gyimii
Who is the govt deceiving? You can't get dollars at the ban ...
read full comment

This government can only deceive foolish and useless persons like Sam Gyamfi , the onus Dinner smart not Ghanaians ....dollar is 13.5 at the black market.... gyimii
Who is the govt deceiving? You can't get dollars at the bank and are still quoting 10.4. when it is 13.5 at the black market. You just making us uncomfortable to do business.... gyimii gyimii
Bitter truth 4 months ago

Why can’t the useless Ghana govt get rid of all these illegal black market..why is something that’s illegal competing with bank of Ghana..so this our country, sometimes are they really run by human beings because the las ...
read full comment

Why can’t the useless Ghana govt get rid of all these illegal black market..why is something that’s illegal competing with bank of Ghana..so this our country, sometimes are they really run by human beings because the last time I checked, Abokyi exchanging money at the black market is illegal so why can’t the govt clamp down on this illegal trading of currency..me self I don’t understand ooo.. these Abokyi illegal market men don’t pay taxes yet the stupid govt cannot close down their operations..why is something illegal so hard to stop..chai, May we get human beings who have Brains to govern Ghana because from the way I see things, I feel like excuse me to say people that are less animals are governing the country..Abokyi’s activities is illegal, why can’t the govt stop it once and for all..come on somebody help me with explanation because I don’t get it..
Ekd 4 months ago

Maybe the guys in charge are illegally in charge.

Maybe the guys in charge are illegally in charge.
Agyekum Kusi 4 months ago

Due to higher inflation in the country, so many people prefer to hold their money in dollars than the Cedi. 2 Real Estates, houses, big business purchases are mostly quoted in dollars than cedi, so transactions become simple ...
read full comment

Due to higher inflation in the country, so many people prefer to hold their money in dollars than the Cedi. 2 Real Estates, houses, big business purchases are mostly quoted in dollars than cedi, so transactions become simple if you hold dollars. Even hotel prices are quoted in dollars in this country. 3. Abookis, Zammaarama or whatever name you called them are like local brokers, buys from the Borgers and sell them to Business men for profits. 4. it is not easy to close down black marketers as you need evidence, physical receipts of the exchange of the money for a Judge to convict. 5. when you close and move to arrest Black marketeers , they just move to another place, exchange can be in their homes.
Isaac Boamah 4 months ago

Even Rawlings dictatorship couldn't control Abokyi

Even Rawlings dictatorship couldn't control Abokyi
Akora 4 months ago

Which netizens?

Which netizens?
Charlie 4 months ago

I see see good and biased arguments being made here about cedi to the dollar.
Importers must have letters of credit to apply to the banks for $$$.
Individuals go to the forest bureau/black market.
My question is:.Do we ...
read full comment

I see see good and biased arguments being made here about cedi to the dollar.
Importers must have letters of credit to apply to the banks for $$$.
Individuals go to the forest bureau/black market.
My question is:.Do we prefer C17 to $1 or
C13-14 to $1?
C=cedis
Visita 4 months ago

What gains have these 'settings 'brought the country as claimed?If they have, why the need for D Levy,fuel price increases etc which will negatively impact on the lives of the already impoverished Ghanaians?

What gains have these 'settings 'brought the country as claimed?If they have, why the need for D Levy,fuel price increases etc which will negatively impact on the lives of the already impoverished Ghanaians?
Nurse 4 months ago

NPP supporters are praying for the dollar to reach GHc 50. But Bawumia the cola nut chewing fool will not come to power Walahi

NPP supporters are praying for the dollar to reach GHc 50. But Bawumia the cola nut chewing fool will not come to power Walahi
Truth 4 months ago

What is reallig happening? This is serious o
BoG what has changed? Was the president saying that the realistic rate is between 10 - 12 was the cause of this shortage? Hmmm

What is reallig happening? This is serious o
BoG what has changed? Was the president saying that the realistic rate is between 10 - 12 was the cause of this shortage? Hmmm
Lapaz Toyota 4 months ago

Bawumia will dance to death. The idiot will not come to power. His stomach is like a kwashiokor worms stomach. Kwaseakwa. Mun fa sitieer nu ma mi. Sisi fiaa dancer. Gyimie saaa

Bawumia will dance to death. The idiot will not come to power. His stomach is like a kwashiokor worms stomach. Kwaseakwa. Mun fa sitieer nu ma mi. Sisi fiaa dancer. Gyimie saaa
Yenkasa 4 months ago

The Banks receive the dollars from the Bank of Ghana at their rate and then off load all the dollars to the Zamrama at the Black market rate.why do you think all aspiring youngsters want to work in the banking sector?
Its on ...
read full comment

The Banks receive the dollars from the Bank of Ghana at their rate and then off load all the dollars to the Zamrama at the Black market rate.why do you think all aspiring youngsters want to work in the banking sector?
Its only in Ghana that one cannot walk to the bank and buy dollars. Why,why,why
musa 4 months ago

The present strength of the cedi is artificial. What are we exporting differently?? This system of making the dollar inaccessible cannot be sustainable in real times.

The present strength of the cedi is artificial. What are we exporting differently?? This system of making the dollar inaccessible cannot be sustainable in real times.
A B 4 months ago

Abokyi will continue to hold the dollars and Banks will continue declining traders dollars so long as they continue to collect dollars from the Banks and subsequent selling to abokyi
All serious traders should present their ...
read full comment

Abokyi will continue to hold the dollars and Banks will continue declining traders dollars so long as they continue to collect dollars from the Banks and subsequent selling to abokyi
All serious traders should present their invoices to banks for the issuance of letters of credit and subsequent payment by the Banks
Cheddar Is the real deal 4 months ago

We allow foreigners to control our currency for us and we call ourselves Ghanafuo.Do we have controllers of our currencies.I dont get it

We allow foreigners to control our currency for us and we call ourselves Ghanafuo.Do we have controllers of our currencies.I dont get it
S M 4 months ago

The banks are the ones selling the dollar to abochi through backdoor. If they sell to abochi at 11+ per dollar, how much should abochi sell to get back their money and interest? Your guess will be right.

The banks are the ones selling the dollar to abochi through backdoor. If they sell to abochi at 11+ per dollar, how much should abochi sell to get back their money and interest? Your guess will be right.
Abi 4 months ago

All those abokyis should be arrested,only registered forex bureau should exchange money.

All those abokyis should be arrested,only registered forex bureau should exchange money.

47 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

'You control the rate, abokyi controls the dollar' - Netizens react to BoG's new forex rates

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (47)

Read Comments Comments (47)