Gov’t urged to lay foundations for self-reliant economy

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• The Mask 11 years ago

  The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in t ...
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  The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region. The GDP and GNI of these Akyem districts are very high. They stem from:
  
  Gold mining
  Diamond mining
  Cocoa
  Oil Palm (the largest in West Africa)
  Timber
  Software development
  etc
  
  The money supply and capital in the at least 12 Akyem districts are wholly inadequate. BOG must remove impediments to the setting up of rural banks in these districts and encourage ADB and GCB to open branches in these districts.
  
  The government must further ensure that wholly owned Ghanaian banks, including rural banks, get at least 80% of the banking revenue.

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• Prof 11 years ago

  Fake economist, you are confused.

  Fake economist, you are confused.

  reply
• Allan 11 years ago

  It is interesting, educative and realistic for Ghana to grow. Hopw their is a political will to underscore the suggestions and implement them.

  It is interesting, educative and realistic for Ghana to grow. Hopw their is a political will to underscore the suggestions and implement them.

  reply
• KWAME KWAME 11 years ago

  This is the best economic analysis of our country during this crisis period so far. Mr. Terker, you need this talent in your team NOW! Dr. Kwakye has articulated the issues and proffer the best solutions all for the love of ...
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  This is the best economic analysis of our country during this crisis period so far. Mr. Terker, you need this talent in your team NOW! Dr. Kwakye has articulated the issues and proffer the best solutions all for the love of country.

  reply
• BOY KOFI 11 years ago

  Ghana is not an island so why can't we compare our problem to the rest of West Africa?If you look at the Francophone countries whose economy is tied to Franc CFA you can see they hardly talk of currency depriciation.Their mon ...
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  Ghana is not an island so why can't we compare our problem to the rest of West Africa?If you look at the Francophone countries whose economy is tied to Franc CFA you can see they hardly talk of currency depriciation.Their money is always stable even though we are producing more than them.I would like to know the reason,somebody help me.Thank you.

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• Sankofa 11 years ago

  Well, if a currency has a fixed exchange rate relative to the franc, then by definition the rate does not vary relative to the franc.
  
  This could potentially create pressures elsewhere in the economy eg with inflation.

  Well, if a currency has a fixed exchange rate relative to the franc, then by definition the rate does not vary relative to the franc.
  
  This could potentially create pressures elsewhere in the economy eg with inflation.

  reply