Ghana's central bank raises dollar sales to support cedi

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• Ghanaman 10 years ago

  Have you recovered the $ you sold in the past year? What is the pint of throwing good money after the bad?

  Have you recovered the $ you sold in the past year? What is the pint of throwing good money after the bad?

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• HUMANISM 10 years ago

  SO DONOR COUNTRIES (THOSE YOU CALL DEVELOPMENT PARTNERS WHOSE GOOD ADVICE YOU NEVER ADOPT) GAVE YOU THIS MONEY TO BE USED TO JACK UP YOUR FALLING CEDI ?
  
  AFTER YOU HAVE MISMANAGED AND STOLEN MONEY FROM THE VAULT ?

  SO DONOR COUNTRIES (THOSE YOU CALL DEVELOPMENT PARTNERS WHOSE GOOD ADVICE YOU NEVER ADOPT) GAVE YOU THIS MONEY TO BE USED TO JACK UP YOUR FALLING CEDI ?
  
  AFTER YOU HAVE MISMANAGED AND STOLEN MONEY FROM THE VAULT ?

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• johnson 10 years ago

  The exchange rate of the cedi to $ should increase prices of imports and encourage export businesses through reallication of resources of businesses. Is it therefore goid for Govts over the time to artificially shore up the c ...
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  The exchange rate of the cedi to $ should increase prices of imports and encourage export businesses through reallication of resources of businesses. Is it therefore goid for Govts over the time to artificially shore up the cedi? Reallocation of resources through demand and supply is a dlow painful process but it works

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• PEKI TUMU 10 years ago

  This is a waste. of good money

  This is a waste. of good money

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• Jim wise 10 years ago

  I can understand u we don't print dollars in this country and we need to produce , eat , wear , drink and grow Ghana ! How come we allow aliens to change currency in every nook& crany? Where is our security ? Why should we ...
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  I can understand u we don't print dollars in this country and we need to produce , eat , wear , drink and grow Ghana ! How come we allow aliens to change currency in every nook& crany? Where is our security ? Why should we allow these Nigerian Banks into our country even a bank coming from an island Trinidad & Tobago ???cant Ghanaians mobilize deposits?

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• FAITHGROWS 10 years ago

  what didnt you say in the past and what have been the results? get serious!

  what didnt you say in the past and what have been the results? get serious!

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• Loway 10 years ago

  Not by borrowing to pay interest

  Not by borrowing to pay interest

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• Ilunga 10 years ago

  The intervention is temporary and would worsen the case in the near future. Money supply from borrowing to stabilize the currency of an economy who has very inlastic demand for imports is like hog wash.
  
  Better invest the ...
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  The intervention is temporary and would worsen the case in the near future. Money supply from borrowing to stabilize the currency of an economy who has very inlastic demand for imports is like hog wash.
  
  Better invest the money into population control and improvement of total factor productivity of indigenous Ghanaians.
  
  The results will take a long time to materialize but in the long run, it will. When imports become too expensive from free market operations, and owing to improvement in total factor productivity, the alternative domestic goods are of better quality and less expensive, the market will shift towards consumption of domestic goods.

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• trufbtold 10 years ago

  shieeeeeee, Ghana paaa nie??hmmm.some idiots will try to defend the indefensible

  shieeeeeee, Ghana paaa nie??hmmm.some idiots will try to defend the indefensible

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• Open Eye 10 years ago

  Unqualified!

  Unqualified!

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• saaaa 10 years ago

  Henry Kofi Wampah must go to save NDC from humiliating defiate

  Henry Kofi Wampah must go to save NDC from humiliating defiate

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• Kwaku 10 years ago

  People. Please educate me. Wampah cannot solve the problem this way. The big boys go to the auction and buy the dollars. The little boys have to then get the dollars from them at a price that drags the cedi down further. In t ...
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  People. Please educate me. Wampah cannot solve the problem this way. The big boys go to the auction and buy the dollars. The little boys have to then get the dollars from them at a price that drags the cedi down further. In this scenario they are left with no alternative than to hoard the dollars outside the banking system.

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• Farmer 10 years ago

  They are desperate to throw a bone at the IMF delegation which is in the country to evaluate the progress of the bail out agreement. They will never publish when they reduce the market intervention again in a few weeks. You w ...
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  They are desperate to throw a bone at the IMF delegation which is in the country to evaluate the progress of the bail out agreement. They will never publish when they reduce the market intervention again in a few weeks. You will only recognize it by the speed at which the Cedi is going down.

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