'Recent cedi depreciation is a blip' - BoG Governor

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saga 3 months ago

we told you IMF et al. arent your friends but people thought we were kidding,now that gold is in high demand thanks to Trump and co we have some enough to be able to stabilize the cedi for some months more to try and control ...
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we told you IMF et al. arent your friends but people thought we were kidding,now that gold is in high demand thanks to Trump and co we have some enough to be able to stabilize the cedi for some months more to try and control inflation in the short term and IMF says what,even Npp which had one of the worst dollar reserves in the 4th republic didnt blink an eye to pump dollars in the system as soon as they had some,anyway we wait to see
Nsafoah 3 months ago

Let's wait until the end of the year to see how really strong the fiscal foundation is. In not trying to be political here, I presume every non-disclosed fact concerning the cedi and inflation will be exposed in accordance wi ...
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Let's wait until the end of the year to see how really strong the fiscal foundation is. In not trying to be political here, I presume every non-disclosed fact concerning the cedi and inflation will be exposed in accordance with the strength with the cedi. We wait.
Apraku 3 months ago

Vodoo Economy, BOG Governor give me a break !!!
Leave them with their bogus Vodoo economics.Maybe in theory it's achieving its macro-economic aim , but pratically is not impacting the lifes of the citizenry.I thought this ce ...
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Vodoo Economy, BOG Governor give me a break !!!
Leave them with their bogus Vodoo economics.Maybe in theory it's achieving its macro-economic aim , but pratically is not impacting the lifes of the citizenry.I thought this cedi appreciation will be the game changer, but till now , nothing has changed.Cedi is high , inflation is down, but commodity and services remain the same. Food prices are surging everyday,and the worse is our local foods which we can't even afford to buy.Remittances through which we could maybe cushion ourselves through the diasporean community has also been shot down. So what is all these bla bla bla about the economy? Vodoo!!!
Dungeon Master 3 months ago

I sense a ridiculous attempt to fool people into pouring their dollars into the economy before the rate "drops" again! As far as I know, businesses at the harbor have dried up, remittances have dried up. This is a desperate a ...
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I sense a ridiculous attempt to fool people into pouring their dollars into the economy before the rate "drops" again! As far as I know, businesses at the harbor have dried up, remittances have dried up. This is a desperate attempt!
KK 3 months ago

You go dey explain taya. After being caught pants down manipulating the exchange rates, you are now crying. Ghc20 to $1 loading…

You go dey explain taya. After being caught pants down manipulating the exchange rates, you are now crying. Ghc20 to $1 loading…
Die soon when it hit 20gh ok 3 months ago

I swear it it reach 20gh for 1$ that will be the end of your life mark it on the wall even if it reaches 15gh u go fall sick in bed till it get to 20gh for 1$ wick praying bad evil for your own country because your party is n ...
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I swear it it reach 20gh for 1$ that will be the end of your life mark it on the wall even if it reaches 15gh u go fall sick in bed till it get to 20gh for 1$ wick praying bad evil for your own country because your party is not in power
We are NPP 3 months ago

Why wishing it bad for ourselves?
When it goes well, it benefits everyone

Why wishing it bad for ourselves?
When it goes well, it benefits everyone
Akwasi Borga 3 months ago

“Bad” is actually relative here. It’s a matter of who benefits from the cedi appreciation/depreciation. Cocoa farmers for instance, are suffering from the current dollar rate which has reduced their income.
The export ...
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“Bad” is actually relative here. It’s a matter of who benefits from the cedi appreciation/depreciation. Cocoa farmers for instance, are suffering from the current dollar rate which has reduced their income.
The export sector is also struggling and remittances have reduced by 50% due to this sharp cedi appreciation.
I won’t be surprised if BoG is quietly buying back the dollars in the forex market to fit their mistake.
JESUS IS GOD 3 months ago

Jesus Christ loves you and wants to save you from sin and its consequences. Vanity upon vanity—everything in this world is meaningless without Him. He died on the cross for your sins, was buried, and rose again on the third ...
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Jesus Christ loves you and wants to save you from sin and its consequences. Vanity upon vanity—everything in this world is meaningless without Him. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal life! (John 3:16).hh
Uncle Pee 3 months ago

No sir, the Cedi depreciation is not a blip. NDC rode on the success of NPP for a short while and now realities are setting in. Ghanaians are going to experience the emptiness of NDC promises. Honestly, can the Governor tell ...
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No sir, the Cedi depreciation is not a blip. NDC rode on the success of NPP for a short while and now realities are setting in. Ghanaians are going to experience the emptiness of NDC promises. Honestly, can the Governor tell Ghanaians what he has done differently to keep their minds at rest? They have done absolutely nothing for the eight months they took over. May God help us!!!

Akwasi Borga 3 months ago

Agreed.
Artificial exchange rates do not last, and the government just wasted billions of dollars trying to deceive Ghanaians. How can you tell us this story that your fiscal policies was able to appreciate your currency by ...
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Agreed.
Artificial exchange rates do not last, and the government just wasted billions of dollars trying to deceive Ghanaians. How can you tell us this story that your fiscal policies was able to appreciate your currency by 40% within just 3 months of being in office. The current dollar to cedi rate is 11.42. It will reach 16 cedis by the end of the year.
Botafogo 3 months ago

Ghana will not suffer because bad governance but by political partisanship. The opposition never see anything good of the government in power.

Ghana will not suffer because bad governance but by political partisanship. The opposition never see anything good of the government in power.
Nii 3 months ago

unfortunately

unfortunately
Akwasi Borga 3 months ago

What is good about injecting billions of dollars within a short time to deceive Ghanaians that we have a stable economy instead of servicing debts and focusing on bettering the lives of Ghanaians through substantial projects?

What is good about injecting billions of dollars within a short time to deceive Ghanaians that we have a stable economy instead of servicing debts and focusing on bettering the lives of Ghanaians through substantial projects?
MR JOE WISE 3 months ago

Uncle Pee u ve said it all.. GOD BLESS YOU

Uncle Pee u ve said it all.. GOD BLESS YOU
Pelicles. 3 months ago

Asiamah knows he is just blowing hot air because he is clueless at the position he is holding. We told Ghanaians but the propaganda of NDC was too strong and now the real NDC structures are showing up.

If you ask them what ...
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Asiamah knows he is just blowing hot air because he is clueless at the position he is holding. We told Ghanaians but the propaganda of NDC was too strong and now the real NDC structures are showing up.

If you ask them what they did to let the cedi appreciate, none of them came up with any explanation meaning they were riding on the departing wind of NPP.

Ato Forson is just a "Bookkeeper" let alone being an Accountant.
Nsafoah 3 months ago

Continue running your mouths. The appreciation doesn't even match with the economic conditions of trade in the local markets. So unless what you people report to the media on the cedi, inflation, policy rates are artificially ...
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Continue running your mouths. The appreciation doesn't even match with the economic conditions of trade in the local markets. So unless what you people report to the media on the cedi, inflation, policy rates are artificially fixed to boost a non-existing confidence, what else is it?
Currency Manipulation is like Pregnancy! 3 months ago

No matter how much you try to hide it , it will eventually show up!

No matter how much you try to hide it , it will eventually show up!
Alidu 3 months ago

The reality is manifesting now, only today the dollar has appreciated by 2.34% and the Governor is saying what music here. You came to deceive Ghanaians by pumping dollars into the system stupidly without ensuring the reducti ...
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The reality is manifesting now, only today the dollar has appreciated by 2.34% and the Governor is saying what music here. You came to deceive Ghanaians by pumping dollars into the system stupidly without ensuring the reduction of good and services, anyway l agree with traders why they refused to reduce the prices of goods because they sensed that the cedis appreciation was fake. Do they know how much why lost as the result fake cedis appreciation? even it went on to affect the government's revenue generation machinery
Edi 3 months ago

what goes up will surely will come down nothing last forever

what goes up will surely will come down nothing last forever

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Pelicles. 3 months ago

Can Asiamah tell us what caused the "CEDI" to appreciate during their first two months in office?

Can Asiamah tell us what caused the "CEDI" to appreciate during their first two months in office?
Akwasi Borga 3 months ago

He will confuse you with “fiscal policies” and jargons.

He will confuse you with “fiscal policies” and jargons.
Og 3 months ago

BOG has nothing to do with fiscal policies.
Talk monetary policies wai

BOG has nothing to do with fiscal policies.
Talk monetary policies wai
What is the difference 3 months ago

What is the difference? Fiscal is about the management of public funds. Is BoG not the national 'treasurer'? You know too much...

What is the difference? Fiscal is about the management of public funds. Is BoG not the national 'treasurer'? You know too much...
Truth 3 months ago

Now everything seems not to be working ...I guess u guys are interested in how many import cover? Goldbod too nothing! Hmmm

Now everything seems not to be working ...I guess u guys are interested in how many import cover? Goldbod too nothing! Hmmm
J Kay 3 months ago

BRAVO NDC economics! Just eight months?
Dollar from 17 to 10, Inflation from 23 to 12 Interest rate and others at their best. Enemies can cry and go and burn the sea. BRAVO, BRAVO and BRAVO!!!

BRAVO NDC economics! Just eight months?
Dollar from 17 to 10, Inflation from 23 to 12 Interest rate and others at their best. Enemies can cry and go and burn the sea. BRAVO, BRAVO and BRAVO!!!
Chief 3 months ago

Which implies you guys are manipulating the currency. It will explode very soon

Which implies you guys are manipulating the currency. It will explode very soon
Trevino 3 months ago

What manipulation are you talking about?Let the world respect Ghana for once!!!Aba

What manipulation are you talking about?Let the world respect Ghana for once!!!Aba
chief vandal 3 months ago

why cant this guy shut up? must he talk anytime there is a slight movement on the exchange rate/

why cant this guy shut up? must he talk anytime there is a slight movement on the exchange rate/

Pelicles. 3 months ago

Yes, that is the posture of man who is afraid of his shadow.

Yes, that is the posture of man who is afraid of his shadow.
Kofi Akwetey 3 months ago

The Governor is talking too much. Central bank governors are not supposed to be in the media all the time.

The Governor is talking too much. Central bank governors are not supposed to be in the media all the time.
HASIM 3 months ago

its still better than that people

its still better than that people
Dr who 3 months ago

BoG should let the cedi’s exchange rate be determined mainly by supply and demand in the market. Rather than radically engagement of “artificial” support and regular announcements of policies. Some of which has been f ...
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BoG should let the cedi’s exchange rate be determined mainly by supply and demand in the market. Rather than radically engagement of “artificial” support and regular announcements of policies. Some of which has been force before he took office.
Bylon 3 months ago

Lies!

Lies!
Omanba 3 months ago

Mr Governor don’t sit there tickling yourself the Cedis depreciation is a blip. If don’t sit up you will soon realise is not blip. Instead of coming ideas to expand the economy by manufacturing , you are relying on IMF.
...
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Mr Governor don’t sit there tickling yourself the Cedis depreciation is a blip. If don’t sit up you will soon realise is not blip. Instead of coming ideas to expand the economy by manufacturing , you are relying on IMF.
IMF is after their profit and dividends for their shareholders not about your good. IMF operates as credit card companies , the more you spend on the cards the higher the charges. Same principle here mr Governor. I can see there nothing concrete in place for the cedis stability. Watch by December will the governor says, it is a blip!
Mus 3 months ago

You are creating a monster that will come back to bite the economy. Strong cedis will lead to increase taste for western products. Those products will soon become a necessary commodity when you stop supporting the cedis. Imp ...
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You are creating a monster that will come back to bite the economy. Strong cedis will lead to increase taste for western products. Those products will soon become a necessary commodity when you stop supporting the cedis. Importers will still find a way of getting dollars to import. More pressure on the cedis.
Francis Boateng 3 months ago

The Governor is just manipulating words to deceive the business people.He has no antidote to the problem. Fact is that remittances from Ghanaians abroad have reduced drastically because of his bad policies and until he allo ...
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The Governor is just manipulating words to deceive the business people.He has no antidote to the problem. Fact is that remittances from Ghanaians abroad have reduced drastically because of his bad policies and until he allows market forces to determine the rate,things are going to be worse.The noise NDC have been making about the cedi- dollar rate will soon vanish.
Good fiscal management style.Thumps up BOG. 3 months ago

At least the constant "situation" reports that this Governor gives opens up the magnitude of the problem for all to see so that varied suggestions and solutions will come from the experts including the social media.
This "wi ...
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At least the constant "situation" reports that this Governor gives opens up the magnitude of the problem for all to see so that varied suggestions and solutions will come from the experts including the social media.
This "wicked" habit of people (largely Ghanaian) who have acquired "forex" by whatever means and had been enjoying he depreciation of the "Cedi" are those that will wish the BOG fails in its attempt to stabilize the currency.

It's only in Ghana (Africa) that when something good is happening and it doesn't favor the "stole to get rich" people that you will get these complaints and wishes that the local currency or the country's over reliance on "forex" should fail,"GOD curse them ALL"

The politicians are the worst culprits.The Cedi " depreciating all this while is made them rich.

This current state of Ghana's economic changes due to this current administration's style it's something all should give attention to so we could adjust to the sudden shock embedded in it.

The politicians,and people with their "ill gotten monies" to the detriment of others should not have their way.

MERCIES.!!!
Akwasi Borga 3 months ago

I’m glad you mentioned the word “stabilize”.
The government’s current method guarantees the opposite. There’s nothing stable about dragging an exchange rate from 15 to 10 in less than 3 months.
What the central ba ...
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I’m glad you mentioned the word “stabilize”.
The government’s current method guarantees the opposite. There’s nothing stable about dragging an exchange rate from 15 to 10 in less than 3 months.
What the central bank is doing will rather cause volatility instead of stability in the exchange rate.
Wilfred Amoo mensah 3 months ago

Mr Governor please how short will this blip be?and didn’t we anticipate this cash flow problem way before.

Mr Governor please how short will this blip be?and didn’t we anticipate this cash flow problem way before.

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'Recent cedi depreciation is a blip' - BoG Governor

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