CID and BoG arrest 41 in Accra crackdown on illegal forex trading

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.mr amin 3 months ago

Long overdue and should be sustain, in some countries you dare handle forex you will be arrested the cedi is our everything if it's strong it means we are strong people and when it's weak then we are weak people as it is now, ...
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Long overdue and should be sustain, in some countries you dare handle forex you will be arrested the cedi is our everything if it's strong it means we are strong people and when it's weak then we are weak people as it is now, the cedi should be allowed to appreciate to a single digit the current rate is still high
Mr Acheampong 3 months ago

If the Cedi is strong then there is no reason for these traders to offer rates that are unfavourable to themselves. The Cedi is overvalued and only by the grace of higher prices of gold, cocoa and oil which fluctuate, can the ...
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If the Cedi is strong then there is no reason for these traders to offer rates that are unfavourable to themselves. The Cedi is overvalued and only by the grace of higher prices of gold, cocoa and oil which fluctuate, can the government prop up the currency.
KOFI 3 months ago

Massa, long over due. You cannot go to any serious country to see this illegal forex trade like we see in Ghana.
Just try the in India or even Brazil. Not to talk about Malaysia or China.

YOU WILL BE KILLED.

Massa, long over due. You cannot go to any serious country to see this illegal forex trade like we see in Ghana.
Just try the in India or even Brazil. Not to talk about Malaysia or China.

YOU WILL BE KILLED.
.mr amin 3 months ago

Mr acheampong what to you mean by overvalued, should the people be allow to suffer by allowing the cedi to depreciate? I think BoG should intervene even more, don't forget the cedi was 4 cedis before

Mr acheampong what to you mean by overvalued, should the people be allow to suffer by allowing the cedi to depreciate? I think BoG should intervene even more, don't forget the cedi was 4 cedis before
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Obibini 3 months ago

This illegal forex trading is not only in Accra, but it’s all over the place in the country. Tema is another hot spot. The police knows about this. The annoying part of this is the foreigners are the ones engaged in this no ...
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This illegal forex trading is not only in Accra, but it’s all over the place in the country. Tema is another hot spot. The police knows about this. The annoying part of this is the foreigners are the ones engaged in this nonsense.
Agya Koo 3 months ago

The first people to arrest is the bank managers and our politicians. Where do you think the sellers get the money from? Forex deposited at the banks are given to them to sell. Why cut the snake's tail instead of the head?

The first people to arrest is the bank managers and our politicians. Where do you think the sellers get the money from? Forex deposited at the banks are given to them to sell. Why cut the snake's tail instead of the head?
SA 3 months ago

True, this is the true source of the problem, the root cause, not the poor guy working for the Bank managers in the street.

True, this is the true source of the problem, the root cause, not the poor guy working for the Bank managers in the street.
Tonto 3 months ago

Adanko daada aduiii ...camouflage movement...The bankers gives the foreign currency to them to sell for greedy interest. so they should ask them where they get the money fr and arrest the bankers.... Mind you soon Ghana will ...
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Adanko daada aduiii ...camouflage movement...The bankers gives the foreign currency to them to sell for greedy interest. so they should ask them where they get the money fr and arrest the bankers.... Mind you soon Ghana will taking over by foreigners due to our attitude..
Kk 3 months ago

What about the illegal black marketers. They don't pay tax yet they determine the dollar price.

What about the illegal black marketers. They don't pay tax yet they determine the dollar price.

Your era 3 months ago

Even Rawlings with his soldiers couldn't stop black market.

Even Rawlings with his soldiers couldn't stop black market.
RASTA BANGI 3 months ago

A LOT OF THEM STILL OPERATING AROUND AIRPORT ROUNDABOUT.

A LOT OF THEM STILL OPERATING AROUND AIRPORT ROUNDABOUT.
Chaddar is the Answer 3 months ago

this was exiting before i was born,and i am 50 years meaning we can not stop it.its all over Ghana,Takoradi is the main spot

this was exiting before i was born,and i am 50 years meaning we can not stop it.its all over Ghana,Takoradi is the main spot
Accranie 3 months ago

@If/ Gh Could Take A Trip Down Memory Lane/Gh Authorities& Local Traders Took Action/& Started Closing Shops Belonging To So Called Foreigners

@If/ Gh Could Take A Trip Down Memory Lane/Gh Authorities& Local Traders Took Action/& Started Closing Shops Belonging To So Called Foreigners
Owusu Agyei, Suhum 3 months ago

This is the main problem with our forex market. The banks loves doing business with them, so they always deny people the forex and direct them to these "Abokis" doing the illegal trade. They sell the dollars to the abokis and ...
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This is the main problem with our forex market. The banks loves doing business with them, so they always deny people the forex and direct them to these "Abokis" doing the illegal trade. They sell the dollars to the abokis and they also add their margins making the dollar more expensive. If we can sustain this fight, the forex market will clean.
Accranie 3 months ago

The Reason/s For Their Action Is That Foreigners /Are Falling Foul Of The Law/ By Penetrating Gh Retail/Petty Trading Space

The Reason/s For Their Action Is That Foreigners /Are Falling Foul Of The Law/ By Penetrating Gh Retail/Petty Trading Space
Kwame 3 months ago

Thank the Police if its performing its work.
Thanks.

Thank the Police if its performing its work.
Thanks.
CHAAAMAN WONTUMI 3 months ago

When are they going to visit CASINO, community 1.

When are they going to visit CASINO, community 1.
Accranie 3 months ago

@So A Journo/ Found It Prudent To Let The Public Hear Both Sides Of The Story By Bringing The Two Sides/ On Her Tv Show One Part/ Was A Rep From The Traders Union Of Gh/& The Other A Rep From The Nigerian Union Of Traders/ Fr ...
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@So A Journo/ Found It Prudent To Let The Public Hear Both Sides Of The Story By Bringing The Two Sides/ On Her Tv Show One Part/ Was A Rep From The Traders Union Of Gh/& The Other A Rep From The Nigerian Union Of Traders/ From Their Banter/ It Became Known That Gh Officials Have Gone To Sign An International Protocol/ That Goes Against The Locals Regulations Concerning Their Sector
Nkontompo 3 months ago

9 day wonder

9 day wonder

Honest 3 months ago

Where does abokyi get the foreign currency from

Where does abokyi get the foreign currency from
Jojo 3 months ago

And they go chasing black marketeers claiming they are causing the cedi to depreciate. The same old story! Can't we learn from Nigeria and other countries.

And they go chasing black marketeers claiming they are causing the cedi to depreciate. The same old story! Can't we learn from Nigeria and other countries.
Kwame Peter 3 months ago

This is much ado about nothing,our John read history but…….This exercise has happened before over the years when there was no social media,AI etc,other countries are leveraging on digitalization to advance their economies ...
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This is much ado about nothing,our John read history but…….This exercise has happened before over the years when there was no social media,AI etc,other countries are leveraging on digitalization to advance their economies while we are chasing black marketeers,is it not a sign of failure and cluelessness? I thought the Finance Minister,his advisers and BoG Governor are said to be doing unprecedented wonders never seen before so why this? Like rats being chased they will simply disappear into their holes and drive up the forex rates,this has happened before and it is elementary everyday commonsense.One whole year gone and it is now apparent that it is all settings and optics with all the savings made from galamsey being used to prop up the physically disabled cedi,$10 billion gone according BoG Governor,it is clear that this was promptly converted and flown to where they came from,is this going reduce unemployment and drive up manufacturing for exports? Hmmmmm!!!!

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CID and BoG arrest 41 in Accra crackdown on illegal forex trading

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