BoG prepares fresh $1 billion forex auctions amid cedi pressure

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• HAPPY DAYS 1 month ago

  Fellow Ghanaians I know the GenZ's don't know this because they had not been born yet,in the 1970's some 50yrs ago,there was oil boom in Nigeria which attracted millions of Ghanaians some with skills and some with none,some w ...
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  Fellow Ghanaians I know the GenZ's don't know this because they had not been born yet,in the 1970's some 50yrs ago,there was oil boom in Nigeria which attracted millions of Ghanaians some with skills and some with none,some went there and falsely claimed to be masons,some of these fake masons in the course of plastering buildings could not mix the mortar well and as a result could not stick well to the walls when slapped,first they used the trowel to force the mortar to stick,not sufficient so they add the other hand,not sufficient so they add their belly and chest in a bid to make the mortar stick,this analogy is what President Mahama, his Finance Minister,BoG governor and their battalion of advisers are doing to the cedi to make it strong and stand against other currencies,the Finance Minister is holding the left hand,the BoG governor the right hand and the President the legs,they will have to do this till elections 2028 for propaganda value because the so-called stability of the cedi is artificial like an athlete on steroids,it is not backed by any sound economic policy,it is simply buy galamsey gold,sell it and give the dollars to BoG who in turn sell it to the commercial banks who together with importers are laughing all the all the way to their banks.

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• Hermann 1 month ago

  Blame Nana

  Blame Nana

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• Yakubu 1 month ago

  Thank you Dynamic and knowledgeable Governor. You're better than your predecessor 2017 to 2024.

  Thank you Dynamic and knowledgeable Governor. You're better than your predecessor 2017 to 2024.

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• James of Tadi 1 month ago

  The sustainable path to achieve a string and stable currency is to IMPORT LESS and EXPORT MORE. What the BIG does is an INTERVENTION which is AFTER the deficit had been created through excessive Imports and External borrowing ...
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  The sustainable path to achieve a string and stable currency is to IMPORT LESS and EXPORT MORE. What the BIG does is an INTERVENTION which is AFTER the deficit had been created through excessive Imports and External borrowing. If Ghana paid more realistic serious practical attention to Agricukture and Agro-businesses, instead of relying on Gold which supports and encourages destructive Gallamsey, Ghana would be better off. Where are the pragmatists??

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• Lopez 1 month ago

  Is this how a competent government should manage our forex, or for how long can we sustain this policy. When we say Mahama is incompetent some Ghanaians think we are insulting him and his entire government. It's scary. Money ...
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  Is this how a competent government should manage our forex, or for how long can we sustain this policy. When we say Mahama is incompetent some Ghanaians think we are insulting him and his entire government. It's scary. Money that could have been used to build factories to create employment is rather being used to support businesses like MTN etc.

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