Ghana moves to limit offshore investments to shield the cedi - Report

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• Mike 1 month ago

  This is practical...not theory

  This is practical...not theory

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• Earl 1 month ago

  In order to buy foreign securities, you need foreign currency, usually US dollars. To obtain them, you sell cedis, depressing the value of the latter. If the official value of the cedi had been near the real value, this would ...
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  In order to buy foreign securities, you need foreign currency, usually US dollars. To obtain them, you sell cedis, depressing the value of the latter. If the official value of the cedi had been near the real value, this would have been no problem, the new regulations would not have been necessary. But for some reason, the Bank of Ghana thinks it is posh to have an overvalued currency, which depresses Ghanean export and import substituting businesses. It also creates queues for dollars, opening the possibility of bribes and black market transactions.

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• .mr amin 1 month ago

  There is nothing like overvalued Ghana needs a stable and strong currency to develop, is the dollar and the euro are strong that why they are developing no weak currency can develop a country whe a currency has good purchasin ...
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  There is nothing like overvalued Ghana needs a stable and strong currency to develop, is the dollar and the euro are strong that why they are developing no weak currency can develop a country whe a currency has good purchasing power that where you can create jobs and develop, please let the cedi appreciate to a single digit use our gold, the people should be relieved, price of goods and services a4 still high, unaffordablety creates unemployment

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• Kwajo 1 month ago

  Good job!

  Good job!

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• DONT WASTE MONEY SHORING UP THE CEDI 1 month ago

  The cedi will weaken eventually. It's a waste of money to shore it up.

  The cedi will weaken eventually. It's a waste of money to shore it up.

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• .mr amin 1 month ago

  Kwajo why to you want the cedi to be weak? Be a good citizen, it a constitutional duty for the BoG to protect the value of the cedi, the cedi should be allowed to appreciate to a single digit

  Kwajo why to you want the cedi to be weak? Be a good citizen, it a constitutional duty for the BoG to protect the value of the cedi, the cedi should be allowed to appreciate to a single digit

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• Earl 1 month ago

  Now affluent countries like Taiwan and South Korea were as poor as Ghana 50 years ago. They grew through exports. Other countries buy your products if they are cheap, which means the cedi should be cheap. The current BOG poli ...
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  Now affluent countries like Taiwan and South Korea were as poor as Ghana 50 years ago. They grew through exports. Other countries buy your products if they are cheap, which means the cedi should be cheap. The current BOG policy greatly harms exporters and leaves Ghana as a poor swamp forever.
  
  BNP per inhabitant (current USD)
  South Korea Ghana
  1970 280 190
  1975 560 285
  1980 1 700 460
  1985 4 100 420
  1990 8 500 400
  1995 12 700 350
  2000 17 000 250
  2005 27 000 400
  2010 31 000 1 100
  2015 37 000 1 800
  2020 40 000 2 200

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• Francis Mccarthy. 1 month ago

  ATO IS FORSON. CLOSING ALL LOOPHOLES. US AND EUROPEANS ARE CURRENTLY FED- UP WITH IMMIGRANTS SO WE SHOULD HELP THE CURRENT NDC GOVT. TO SUCCEED.

  ATO IS FORSON. CLOSING ALL LOOPHOLES. US AND EUROPEANS ARE CURRENTLY FED- UP WITH IMMIGRANTS SO WE SHOULD HELP THE CURRENT NDC GOVT. TO SUCCEED.

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• Kojo poku-London UK 1 month ago

  It is time to ACT IN THE GHANA NATIONAL INTEREST FIRST. SOUND MICRO AND MACRO ECONOMIC MANAGEMENT MUST PUT THE NATIONAL INTEREST BEFORE SELFISH PERSONAL AMBITIONS.

  It is time to ACT IN THE GHANA NATIONAL INTEREST FIRST. SOUND MICRO AND MACRO ECONOMIC MANAGEMENT MUST PUT THE NATIONAL INTEREST BEFORE SELFISH PERSONAL AMBITIONS.

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