Any hope for cedi?

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• Kman 11 years ago

  They act like they know what they are doing, however they have no clue

  They act like they know what they are doing, however they have no clue

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• poko a poko 11 years ago

  THIS GUYS ARE SIMPLE INCOMPETENT.

  THIS GUYS ARE SIMPLE INCOMPETENT.

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• Samanba Sakrabudu 11 years ago

  Some action is better than no action at all.

  Some action is better than no action at all.

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• police daughter 11 years ago

  Our pray is that all these interventions should help us.For those who are always discouraging very step,is not doing any good for the real Ghanaian who is worried about the affairs of our dear nation.

  Our pray is that all these interventions should help us.For those who are always discouraging very step,is not doing any good for the real Ghanaian who is worried about the affairs of our dear nation.

  reply
• KANE 11 years ago

  THE BANK OF GHANA GOVERNOR, LIKE GHANA'S ENTIRE LEADERSHIP, SIMPLY DOES NOT KNOW HIS JOB.
  
  THIS WAMPAH IS JUST PLAYING " CHACHA" WITH HIS HORRIBLE NATIONAL ECONOMIC DECISIONS.
  
  HORRIBLE DECISION NO.1 WAS WHEN WAMPAH INJEC ...
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  THE BANK OF GHANA GOVERNOR, LIKE GHANA'S ENTIRE LEADERSHIP, SIMPLY DOES NOT KNOW HIS JOB.
  
  THIS WAMPAH IS JUST PLAYING " CHACHA" WITH HIS HORRIBLE NATIONAL ECONOMIC DECISIONS.
  
  HORRIBLE DECISION NO.1 WAS WHEN WAMPAH INJECTED SO MUCH US DOLLARS INTO THE ECONOMY IN THE HOPE OF STABILIZING THE USELESS CEDI EXCHANGE RATE.
  
  THAT' WHAT HAPPENS WHEN YOU HEAP UP UNIVERSITY DEGREES BY PLAGIARIZING THE WORK OF A "WHITE MAN" OR COPY IN EXAMS.
  
  WE COPY OR PLAGIARIZE THE ECONOMIC POLICIES OF THE WEST BLINDLY, AND WE'RE PAYING DEARLY FOR THIS.
  
  THE RICH ARAB GULF COUNTRIES DO NOT HAVE SUCH EXPLOITATIVE TAX POLICIES, YET THEY'VE ALWAYS PRODUCED BUDGET SURPLUSES YEAR-ON-YEAR, WHY? BECAUSE THEY USE THEIR COMMONSENSE.
  
  THIS IS WHY THEY THINK BLACKS WILL CONTINUE TO BE SLAVES.
  
  ONCE A SLAVE, ALWAYS A SLAVE.
  
  IT DID NOT, AND WILL NEVER, WORK.
  
  EVEN A JSS ECONOMICS STUDENT WITH
  COMMONSENSE KNOWS YOU DO NOT ADOPT
  SUCH QUANTITATIVE EASING MEASURES
  WITH A POOR INDUSTRIAL, MANUFACTURING
  AND EXPORT BASE, THE LITTLE OF WHICH IS CONTROLLED BY FOREIGNERS, CAUSING MASSIVE REVENUE LEAKAGES BY THEIR EARNINGS REPATRIATION IN US DOLLARS.
  
  THIS IS ONE OF THE MANY CAUSES OF THE HUGE DEMAND FOR CONVERTIBLE CURRENCIES, MAINLY THE MIGHTY US DOLLAR. AND OF THESE ARE HAPPENING AT THE EXPENSE OF A GHANA CEDI NOBODY WANTS.
  
  THE CEDI IS SIMPLY AND USELESS CURRENCY IN A COUNTRY WHERE A BAG OF ORDJNARY PORTLAND CEMENT IS A WHOPPING c240,000.00 (OLD CEDIS), FORGET ABOUT REDENOMINATION, A COSMETIC ECONOMIC POLICY INTENDED TO HIDE THE INTRINSIC VALUE OF THE WORTHLESS GHANA CEDI.
  
  NO COUNTRY DEVELOPS BY ADOPTING EXPLOITATIVE TAX AND IMPORT DUTIES POLICIES.
  
  WE HAVE CRUDE OIL AND A REFINERY, YET
  PETROLEUM PRICES ARE KILLING US.
  
  WE HAVE MASSIVE GOLD AND DIAMONDS DEPOSITS, YET WE ALWAYS GO CAP-IN-HAND BEGGING "DONORS" AND EVERY OTHER TOM, DICK AND HARRY FOR BUDGETARY SUPPORT.
  
  WE HAVE THE GULF OF GUINEA, YET WE CANNOT DESALINATE AND TREAT MASSIVE QUANTITIES OF WATER TO BE FED INTO OUR HYDRO-ELECTRIC DAMS.
  
  WE HAVE TEMA OIL REFINERY, YET WE CANNOT EXPAND AND RETRO-FIT THAT FUCKING RRFINERY TO REFINE ALL OUR CRUDE AND SELL TO TULLOW, ETC.
  
  WE HAVE ALLOWED FOREIGNERS DRILLING RIGHTS AND CONCESSIONS OF OUR CRUDE OIL FIELDS WITHOUT EVER THINKING ABOUT THE NEED TO HORIZONTALLY INTEGRATE THE EXPLOITATION OF OUR NATURAL GAS AND THE MANY OTHER BYE-PRODUCTS OF HYDROCARBONS (CRUDE OIL) TO ACHIEVE SIMPLE ECONOMIES OF SCALE.
  
  WE HAVE COCOA, LUMBER (TIMBER), BAUXITE, MANGANESE, URANIUM, PLUTONIUM AND MANY OTHER DEPOSITS, YET EXPLOITATIVE TAXES AND PETROLEUM PRICING HAVE BECOME GHANA'S MAIN SOURCES OF NATIONAL REVENUE.
  
  THIS LEADERSHIP FOOLISHNESS AND DOWNRIGHT CORRUPTION ARE WHAT ALWAYS CAUSES OUR HUGE BUDGET DEFICITS AND PERENNIAL BORROWING.
  
  GHANA'S LEADERS SHOULD BE MARCHED TO THE TESHIE MILITARY RANGE, AND SHOT.

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