IMF bailout not enough to curb Cedi’s free-fall

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• nii 10 years ago

  China and india are stock pilling GOLD, but we are following western directives to export our GOLD. KEEP OUR GOLD AT HOME TO PROP UP THE CEDI.

  China and india are stock pilling GOLD, but we are following western directives to export our GOLD. KEEP OUR GOLD AT HOME TO PROP UP THE CEDI.

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• Kwabena Yeboah 10 years ago

  Where have you been all these years? JA Kufuor sold Ashanti Goldfields Ltd. to a British company domiciled in South Africa, Anglogold, for pennies and went on to have a lavish party with the Queen at Buckingham Palace. He a ...
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  Where have you been all these years? JA Kufuor sold Ashanti Goldfields Ltd. to a British company domiciled in South Africa, Anglogold, for pennies and went on to have a lavish party with the Queen at Buckingham Palace. He also leased the country's rich gold lands, Obuasi and Prestea to the same company for 55 years. You and your children would be dead and gone and still there will be no gold.
  
  Let the whole country talk about this because for many years Ashanti Goldfields Ltd was the main foreign exchange earner for the country. Now because of one greedy and perfidious person, JA Kufuor, the foreigners have taken over Ghana's cash cow.

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• GBEWAA 10 years ago

  EVEN IF THE IMF BAILOUT WAS US$10 TRILLION, THE CEDI WILL CONTINUE TO "TAKE A DIVE" BECAUSE GHANA SIMPLY DOES NOT HAVE THE ECONOMIC BACKBONE AND QUALIFIED PEOPLE AT THE TOP WHOSE COMMONSENSE FISCAL POLICY DECISIONS CAN PROP U ...
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  EVEN IF THE IMF BAILOUT WAS US$10 TRILLION, THE CEDI WILL CONTINUE TO "TAKE A DIVE" BECAUSE GHANA SIMPLY DOES NOT HAVE THE ECONOMIC BACKBONE AND QUALIFIED PEOPLE AT THE TOP WHOSE COMMONSENSE FISCAL POLICY DECISIONS CAN PROP UP THE CEDI RATE.
  
  ALL THESE IMF AND OTHER LOANS HERE AND THERE TO SUSTAIN GHANA CEDI EXCHANGE RATE IN A QUANTITATIVE EASING ATTEMPT ARE JUST SILLY NAIVE COSMETIC EXERCISES IN FUTILITY.

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• TORONTO PANIN 10 years ago

  Thank you very much for your opinion and expression .....you are right.How many times and again do we have to go to IMF for such a scanty amount ..all bcos of corruption and mismanagement.....? The GDP per year is twice more ...
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  Thank you very much for your opinion and expression .....you are right.How many times and again do we have to go to IMF for such a scanty amount ..all bcos of corruption and mismanagement.....? The GDP per year is twice more than $10tr
  Ghana needs creative economists and productive economic philosophers as well as brilliant constitutional lawyers ,businessmen and manufacturing engineers ,theft prevention security experts,commercial scale farmers, big financial companies and honest politicians to sit down plan and redesign Ghana.....

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• Saint Ghfuo: Nyantakyi must go! 10 years ago

  Mahama needs the money to bribe Electoral Commission,.Again. How can you expect.to have any equity left if you borrow? Does TEPKER not.know that borrowing reduces your credit rating and equity? I told you he is not an Economi ...
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  Mahama needs the money to bribe Electoral Commission,.Again. How can you expect.to have any equity left if you borrow? Does TEPKER not.know that borrowing reduces your credit rating and equity? I told you he is not an Economist but an IRS potential employee

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• ronny 10 years ago

  less production and relying on imports cannot solve this problem.africans are a shame to the rest of the world.a shame to be an african.a continent of useless leaders

  less production and relying on imports cannot solve this problem.africans are a shame to the rest of the world.a shame to be an african.a continent of useless leaders

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• Kojo Atta Mensah 10 years ago

  What a people , What a nation

  What a people , What a nation

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• Padmore 10 years ago

  Yes, IMF loan is not enough to curb the cedi's depreciation. Not until a strict rules and discipline are in order, you must as well return the money back to IMF Ghana is not capable of resolving their own financial crisis .Wi ...
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  Yes, IMF loan is not enough to curb the cedi's depreciation. Not until a strict rules and discipline are in order, you must as well return the money back to IMF Ghana is not capable of resolving their own financial crisis .With all the natural resources Ghana have, Ghana should not kneeling on IMF. Mr. Finance minister, you really need to think very carefully before accepting this money. For the sake of the future generation of Ghanaians please return the money back to IMF> Thank you.

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• Ilunga 10 years ago

  The long term medicine which is more powerful than the IMF medicine is to control the population and government concentrate only on the development of human and physical capital and technological progress. No monetary expansi ...
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  The long term medicine which is more powerful than the IMF medicine is to control the population and government concentrate only on the development of human and physical capital and technological progress. No monetary expansion strategy like IMF bailout will solve the problem in the long run,

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• VOICE OF REASON 10 years ago

  Meanwhile the selfish pea brain president wasted $4.5bn in a pre-election giveaway freebie of tax payers money just to stay in power

  Meanwhile the selfish pea brain president wasted $4.5bn in a pre-election giveaway freebie of tax payers money just to stay in power

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• Kwabena Yeboah 10 years ago

  The cedi's problems started 2007 soon after the Economics "Maestro" Bawumia redenominated the cedi and pegged it one for one with the US$. There is no amount of bailout that will shore up the cedi unless we allow it to float ...
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  The cedi's problems started 2007 soon after the Economics "Maestro" Bawumia redenominated the cedi and pegged it one for one with the US$. There is no amount of bailout that will shore up the cedi unless we allow it to float to its intrinsic value.
  
  It is just insane and ridiculous to just knock four zero off the cedi and then peg it with the US$. If it was that easy, then many countries would be fighting inflation by doing the same. This is the man who wants to be President or vice.

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• Joe Turkey 10 years ago

  That what happens when you put an accountant to do financial planning. The cedi is going to fall even faster when the NDC double down its reckless spending and stealing ahead of the next elections. Financial planning 101 teac ...
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  That what happens when you put an accountant to do financial planning. The cedi is going to fall even faster when the NDC double down its reckless spending and stealing ahead of the next elections. Financial planning 101 teaches us that you don't even start a capital project when you don't have ALL the funds available. Projects are started and ceremonially commenced long before the revenue is expected. Monies are wasted because projects are never completed or are highly inflated. The solution is to kick out this semi-literate idiots.

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• Akans Prophecies 10 years ago

  They could not do anything with our new found oil. How do they save this country with $918million. IMF is disregarding our cry of anger by pampering this hopeless government with a pamper's mite. Acheampong's echo will sound ...
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  They could not do anything with our new found oil. How do they save this country with $918million. IMF is disregarding our cry of anger by pampering this hopeless government with a pamper's mite. Acheampong's echo will sound some day. YENTUA !

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