Cedi revival ushers MPC meeting

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• dawun 10 years ago

  You don't borrow money to fix the cedi. You are creating bubbles. when the interest on the money borrowed becomes due, more cedi will be pumped up to pay for it, hhenceforth weaker currency.

  You don't borrow money to fix the cedi. You are creating bubbles. when the interest on the money borrowed becomes due, more cedi will be pumped up to pay for it, hhenceforth weaker currency.

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• K Man 10 years ago

  Does the resident economist honestly think that in two weeks there has been a change in market conditions as to create a 25% drop in the dollar against the cedis.
  
  I think mr econmomist we shall all see come year end or soo ...
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  Does the resident economist honestly think that in two weeks there has been a change in market conditions as to create a 25% drop in the dollar against the cedis.
  
  I think mr econmomist we shall all see come year end or sooner. This doesn't look sustainable and my fear is that artificial support of the curreny will result in the bubble bursting come end of year and election year especially.
  
  The cedis can only be viable based on ECONOMIC and STRUCTURAL corrections. Feeling flush with money now and using a "false" basis is not going to help Ghana in the next year.

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• Yuasan 10 years ago

  Small minds like Tekper, Wampah, nii moi and the dead goat think this is sustainable. Just give 4 weeks.

  Small minds like Tekper, Wampah, nii moi and the dead goat think this is sustainable. Just give 4 weeks.

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• suley santo 10 years ago

  As much as we are crowing about the cedi'a appreciation, we should ask ourselves whether or opinions the cedi with bailout and loan funds is the best minter policy that we should be shouting to the sky about? How long would ...
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  As much as we are crowing about the cedi'a appreciation, we should ask ourselves whether or opinions the cedi with bailout and loan funds is the best minter policy that we should be shouting to the sky about? How long would this appreciation last without the loan and bail out money? We Ghanaians tend to be too simplistic and quick to praise for nothing. Can the Cedi rate hold without the Bank of Ghana pumping in the miilions of borrowed money for consumption and leakages ? Let's bet as these unguided policies Ghana will soon push us the like's of Greece - overburdened with debts that we cannot pay because we are spending borrowed money on Chinchinga rather than on economic assetse which will yield decent returns to help repay our debts. Let us all be realistic and less euphoric about these ephemeral results!

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• Yellow man 10 years ago

  I asked this question the first day I heard that the cedi was appreciating against the major currencies bro.Ghanaians are singing praises to the ruling govt for this cosmetic growth.How long are we going to borrow to fix this ...
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  I asked this question the first day I heard that the cedi was appreciating against the major currencies bro.Ghanaians are singing praises to the ruling govt for this cosmetic growth.How long are we going to borrow to fix this economy before we realize that it's not sustainable.We are sinking deeper into this economic quagmire of borrowing and it soon catch up with us.

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