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Business News Tue, 18 Aug 2015

Devaluation of Chinese Yuan to worsen cedi's plight

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Comment: bad analysis

Author:
kofi
Date:
2015-08-18 17:25:36
Comment to:
Devaluation of Chinese Yuan to worsen cedi's pligh

A very bad report...if u devalue a currency, it rather makes exports cheaper and not expensive...also devaluation of the yuan wil not make it to be at par with the dollar, rather lower

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SBD on Aug 18, 2015 13:57
This is hogwashThe Professor's thinking concerning worsening the plight of the cedi because of the yuan devaluation does not make sense to me. The yuan devaluation (all things being equal) implies we get Chinese products cheaper in Ghana an ...

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Swedru on Aug 18, 2015 14:48
Re: This is hogwashWhen you pay for imports from China you pay in USD therefore increasing their demand and increasing its value versus the CEDI (Which nobody wants). What we are talking about here is the value that a local currency has compare ...

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GBEWAA on Aug 18, 2015 15:30
"CHACHA" BANK OF GHANA LAZY GOVERNOR!DZI WOFIE ASEM!! MR. US$20 MILLION PER DAY QUANTITATIVE EASING "CHACHA" BANK OF GHANA GOVERNOR. YOU, "DR" WAMPAH, SHOULD BE SAYING THAT DEVALUATION OF THE GHANA CEDI WOULD WORSEN CHINA'S YUAN PLIGHT. THAT'S WHAT YOU ...

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Dr. on Aug 18, 2015 17:16
The dollar is not the problem here jack.What kind of economics did you do? The Dollar doesn't factor into this conversation at all. What the other guy said is right. The devaluation is not going to change import practices because we don't manufacture anything.It wi ...

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Dr. on Aug 18, 2015 14:12
The cedi's fortune?"But some economists fear the move will hurt the cedi’s fortunes." What fortune is that? and this lecturer is talking nonsense. There will be changes in demand in import. We don't manufacture anything so how is the deval ...

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kweks on Aug 18, 2015 15:20
Re: Devaluation of Chinese Yuan to worsen cedi's pBank of Ghana should be able to make the yuan available to traders to remove the pressure on the US $.

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Albert on Aug 18, 2015 14:58
chinese are evilBy the end of May those chinese bastards realise that their economy was going down and now they wanna make things work for them by resorting to devaluation of their currency? Already they have complicated the situation by ...

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ghana should change on Aug 18, 2015 18:58
Re: chinese are evilyour talking is nonsense, this world have become a tight-connected village, no one or country can move without others's corporation.besides, you'd better go to school learn how to spell words.

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OBIBINI on Aug 18, 2015 21:03
EVIL MORE THAN AMERICA?Evil more than the americans who have destroyed Ghana's economy?Africa's rapid economic development is down to China.The West and their friends like you are always praying for the collapse of the chinese economy.

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Ibn Batuta on Aug 18, 2015 15:01
very poorly written and poorly quotedJournalism at its worst....make it simple and understandable....perhaps the writer himself/herself did not understand what was being said..the school of journalism must do a better job at training our young journalists.

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daladam on Aug 18, 2015 15:12
CHINA MESSING WITH GHANA CEDE?THIS NDC GOVT ALWAS HAVE SOMEONE TO BLAME FOR THEIR FAILURES

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GBEWAA on Aug 18, 2015 15:23
USELESS LAZY GHANA/AFRICAN LEADERS!!DZI WOFIE ASEM!! MR. US$20,000.00 PER DAY QUANTITATIVE EASING CHACHA GOVERNOR. YOU, WAMPAH, SHOULD BE SAYING THAT DEVALUATION OF THE GHANA CEDI WOULD WORSEN CHINA'S YUAN PLIGHT. USELESS GHANA/AFRICAN LEADERS ALWAYS HOPE ...

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GBEWAA on Aug 18, 2015 15:27
AFRICAN LEADERS SCARED OF EXT. SHOCKS!!!DZI WOFIE ASEM!! MR. US$20 MILLION PER DAY QUANTITATIVE EASING "CHACHA" GOVERNOR. YOU, "DR" WAMPAH, SHOULD BE SAYING THAT DEVALUATION OF THE GHANA CEDI WOULD WORSEN CHINA'S YUAN PLIGHT. USELESS GHANA/AFRICAN LEADERS AL ...

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kofi on Aug 18, 2015 17:25
bad analysis

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Crackadoddledooooo on Aug 18, 2015 21:35
Re: Devaluation of Chinese Yuan to worsen cedi's pAnalysis is flawed. We can rather buy the same quantity of goods but with less dollars so this should rather put less pressure on foreign currency and accordingly reduce demand for dollars for the same level of imports that w ...

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Swedru on Aug 18, 2015 22:39
Re: Devaluation of Chinese Yuan to worsen cedi's pWhat you say doesnt make sense. The USD will get stronger because of higher demand (more people around the world using USD to buy more from China) so you will need more CEDIs to buy USD, the imports will be cheaper but the do ...

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