Exchange rate must stay within GH¢10-GH¢12 band - GNCCI

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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).jbrr
Yaw 3 months ago

Jesus should prove his love for me by killing satan

Jesus should prove his love for me by killing satan
Lord Peppers 3 months ago

No…. Satan if he even exists at all must rather be forgiven so all of us will also follow same course.

No…. Satan if he even exists at all must rather be forgiven so all of us will also follow same course.
.mr amin 3 months ago

President mahama is the one who stopped the appreciation of the cedi he called the governor of BoG and the finance minister and told them to intervene and also said that the cedi value should be 10 or 12 ghc that is when the ...
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President mahama is the one who stopped the appreciation of the cedi he called the governor of BoG and the finance minister and told them to intervene and also said that the cedi value should be 10 or 12 ghc that is when the cedi stopped appreciating till date, we have the gold why do want the people to suffer the depreciation of the cedi is the mother of all the problems Ghana face solve it or fail in governance
Tamale North Boy 3 months ago

GNCCI of you stop unbridled imports and focus on local production and marketing, the exchange rate will stabilise

GNCCI of you stop unbridled imports and focus on local production and marketing, the exchange rate will stabilise
Lord Peppers 3 months ago

Good riddance, stop stifling the dollar. Just not that the cedi can only be controlled when there are much exports and low on imports.
The current stifling is unsustainable, full stop

Good riddance, stop stifling the dollar. Just not that the cedi can only be controlled when there are much exports and low on imports.
The current stifling is unsustainable, full stop
Dr who 3 months ago

Effective target setting involves strategic planning, tracking progress exchange rates are driven by totally different mechanisms which are not in your control at best of times. Its the economy. S######

Effective target setting involves strategic planning, tracking progress exchange rates are driven by totally different mechanisms which are not in your control at best of times. Its the economy. S######
Kwame 3 months ago

But where were you when the the cedi sold at 17 to the dollar? This kind of stupid patapaa is something else. What kind of stupid demand is this?

But where were you when the the cedi sold at 17 to the dollar? This kind of stupid patapaa is something else. What kind of stupid demand is this?
Ghanaba KK 3 months ago

Exactly. Where were they when for 8 yrs the NPP were crucifying the cedi. Wicked hypocrites.

Exactly. Where were they when for 8 yrs the NPP were crucifying the cedi. Wicked hypocrites.
Stephen Donkor, New York. 3 months ago

I’M PREDICTING THE DOLLAR RATE TO GO AS MUCH TO ABOUT GHC 13-14 TO 1 US DOLLAR, PERHAPS MORE! THE REALITIES OF MAHAMA’S DECEPTIONS ARE ABOUT TO BE FELT BY GHANAIANS. OYIVE!

Has Mahama started implementing any of the n ...
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I’M PREDICTING THE DOLLAR RATE TO GO AS MUCH TO ABOUT GHC 13-14 TO 1 US DOLLAR, PERHAPS MORE! THE REALITIES OF MAHAMA’S DECEPTIONS ARE ABOUT TO BE FELT BY GHANAIANS. OYIVE!

Has Mahama started implementing any of the numerous policies he campaigned on? Of course not! If you remember Akuffo-Addo’s first eight months in office, programs like the Free High School Program, the I District I Factory, I District 1 Dam, settling of those unpaid teachers, nurses as well as pensioners salary arrears among many other programs were already in the works. What has Mahama done to create employment for the teeming unemployed Ghanaian men and women?

John Cribo Mahama has taken advantage of the fact most Ghanaian people’s mind is fixated on the Dollar and Forex market — and so the Cribo Kingpin is taking undue credit for the Cedi appreciation against the dollar and other major currencies. And even that feat actually came about as a results of the NPP’s prudent and bold fiscal policies just before the 2024 elections. The dollar trounced the Cedi to the point our currency was at some point in 2023– 2024 rated as one of the worst currencies in the world. The situation exacerbated to an unacceptable level in the months running up to the 2024 elections because Ghanaians started stocking up on the dollar, as the most rest assured means of not losing their life savings. That situation coupled with the traditional Christmas shopping and imports season, the impending 2024 general elections as well other factors pushed the rate of the dollar to a seemingly unsustainable levels.

Also due to the fact that many Ghanaian businesses owners were very uncertain about the peaceful outcome of the 2024 elections due to the threats of violence that the NDC successfully pushed through to frighten the Ghanaian public, so people started to massively change their life savings into dollars. However after Dr Mahmoud Bawumia came out to concede defeat earlier than expected and the peaceful outcome of the elections became clear , people started thinking of how to start getting back to their various normal businesses and projects ; that caused the mad rush to discard the Green Bills (dollar) for the local Ghanaian currency— another development that brought about the cascading fall of the dollar. Now the John Cribo Mahama administration should come out and rebut my analysis.

Though other factors might have contributed to the green bills depreciation against the Ghanaian Cedi but those were minimal factors . Talking about the NDC’S implementation of the Gold Board and their subsequent hunting down of unregulated foreigners in the Gold purchasing business, just to mention some few other things only had some trivial effect, and those effects were not so sustainable as the NPP’s policy of shoring up the Cedi by injecting massive amounts of the dollar to curb its galloping appreciation against the Ghanaian Cedi.

In hindsight, I’m talking about the months preceding the 2024 elections the Akuffo-Addo government actually implemented a more sustainable approach to curb the uncontrollable appreciation of especially the American dollar as well as the other major foreign currencies , by injecting several millions of dollars into the forex markets, nevertheless ; due to the fact that the import demands were so massive and outweighed whatever intervention amount the government injected due to most of my above stated factors. Ghanaians didn’t feel the impact of the government’s prudent approach. Trust me, that’s one of the reasons the NPP lost the 2024 elections. Because as we all know anytime the dollar rate appreciates, it affects the prices of consumer goods and subsequent rise of cost of living in the country. So the cost of living in Ghana started tilting higher than the average Ghanaian citizen expected . The rising forex exchange rates, the inflation and the surging prices of consumer goods continued until after the elections and the Christmas festivities. So as soon as these major events were over without any uneventful developments, especially the fear of violence during the elections, the prospect of the rise of the Cedi became more urgent. And that brought about the mad rush to dump the green bills ( American Dollars) for the Ghanaian Cedi. Actually fluke was also on the side of the new John Cribo Mahama administration. But in the real sense they didn’t contribute anything towards the Cedi appreciation against the major foreign currencies. Neither did they take any approach that impacted the Forex markets. I expect their so called financial experts to come and dispute my analysis.

Right now it’s becoming more visible that the Ghanaian Cedi’s stability against the Dollar may not be as sustainable as Ghanaians were made to believe and also the fact that the John Cribo Mahama administration is not coming out with any bold policies to create employment aside and stabilize the economy aside their dumb 24 hour economy that they used to hoodwink the unsuspecting Ghanaian voters to win the elections— I’m predicting the dollar to rise as much to minimum of GHC13-14 or probably more before the first week of December when imports activities starts to dwindle.
I SHALL RETURN!

FOR THE WHERE??? THE EXCHANGE RATE IS GOING BACK TO 17 CEDIS PER DOLLAR BY DECEMBER 2025 AND 21 CEDIS TO A DOLLAR BY 2028 ... 3 months ago

THE RECENT APPRECIATION OF THE CEDI WAS FAKE AND FRAUDULENT. A REAL APPRECIATION OF THE CEDI WOULD HAVE REFLECTED IN PROPORTIONAL REDUCTION OF PRICES OF GOODS AND SERVICES.

THE CEDI IS LOOSING VALUE BECAUSE THE CEDI APPRE ...
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THE RECENT APPRECIATION OF THE CEDI WAS FAKE AND FRAUDULENT. A REAL APPRECIATION OF THE CEDI WOULD HAVE REFLECTED IN PROPORTIONAL REDUCTION OF PRICES OF GOODS AND SERVICES.

THE CEDI IS LOOSING VALUE BECAUSE THE CEDI APPRECIATION WE RECENTLY SAW WAS MANIPULATED AND THERE FAKE!
Gideon Rockson 3 months ago

Where was this idiot when the cedi went to 17 cedis to dollar ratio. We didn't hear you ask Akuffo Addo and Bawmia to even get it to come to 15 cedis but you are trying to play political mind game. I beg comot for there

Where was this idiot when the cedi went to 17 cedis to dollar ratio. We didn't hear you ask Akuffo Addo and Bawmia to even get it to come to 15 cedis but you are trying to play political mind game. I beg comot for there
Joe 3 months ago

What do you have to support the cedi, keep on fooling yourself.
This is what happens most of the time when you keep on importing toothpick, akukor foss, used underwear, etc with little or no export.

What do you have to support the cedi, keep on fooling yourself.
This is what happens most of the time when you keep on importing toothpick, akukor foss, used underwear, etc with little or no export.
KWASI IN EUROPE 3 months ago

Exchange rate MUST stay... This is the most foolish talk I have ever heard. You think governments can control the exchange rate with words? If so then they can even say 1 cedi equals 100 dollars. You fool, you do not know tha ...
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Exchange rate MUST stay... This is the most foolish talk I have ever heard. You think governments can control the exchange rate with words? If so then they can even say 1 cedi equals 100 dollars. You fool, you do not know that any government that supervises the shortage of food and the fluctuation of food prices and essential commodities can never control the exchange rate.
MP 3 months ago

Question:

What happens after the BOG has finished pumping all reserves into the economy to control the cedi?

Question:

What happens after the BOG has finished pumping all reserves into the economy to control the cedi?
Abena 3 months ago

Mmmmm Ebaab na eyo

Mmmmm Ebaab na eyo
Bitter truth 3 months ago

Honestly Ghana needs fresh leadership..leaders who will take citizens out of poverty and not push citizens into poverty..for once, can we get politicians who are sensible enough to control the affairs of Ghana? Because from ...
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Honestly Ghana needs fresh leadership..leaders who will take citizens out of poverty and not push citizens into poverty..for once, can we get politicians who are sensible enough to control the affairs of Ghana? Because from the way we are seeing things, this deprecation of our currency is getting out of hands.. why can’t the cedi be stabilized to the dollar for onceand for good..all that Ghanaians need is stability..so stabilizing our currency for your citizens too, these dumb ass politicians cannot do it? Like what the hell? The more the cedi is depreciation, the more u are pushing a lot of your citizens into poverty..why do African leaders come and Create more poverty and hardship on their citizens..is it witchcraft, stupidity or mere wickedness..alm that Ghanians are asking so for the cedi to stabilize..how can someone plan his life if the currency is not stable..come on this shit is getting annoying..dammn it..if Ndc cannot do the job, they better get the hell out of office..u hate when people are suffering..dammn
Ghanaba KK 3 months ago

Please where were you in the past 8 yrs. We all watched when the NPP government was decimating the cedi without mercy for the ordinary person on the street.
And which kind of leader are you talking about. These guys are in ...
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Please where were you in the past 8 yrs. We all watched when the NPP government was decimating the cedi without mercy for the ordinary person on the street.
And which kind of leader are you talking about. These guys are in power for about 8 months not years.
John Sosu Napukagu 3 months ago

GNCCI must focus more on commercial banks lending interest rates. What kills industries and productions most in Ghana is high bank interest rates charged by the banks in Ghana.

When factory's increase production and export ...
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GNCCI must focus more on commercial banks lending interest rates. What kills industries and productions most in Ghana is high bank interest rates charged by the banks in Ghana.

When factory's increase production and export there will be more forex inflow and rate will stabilise for further production and jobs for the youth.

With the current rate of inflation,bank loans for businesses and industries should drop significantly but they are still high.

I
DDEP 3 months ago

How can they when we are import dependent? NDC knew the situation when they were doing politics with the exchange rates.

How can they when we are import dependent? NDC knew the situation when they were doing politics with the exchange rates.

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Exchange rate must stay within GH¢10-GH¢12 band - GNCCI

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