Sometimes l wonder if there are real economists in this country..you wanna be economists go round saying the government is borrowing exessively and when he stops issuing the eurobonds you cry..by the way issuing bonds is anot ... read full comment
Sometimes l wonder if there are real economists in this country..you wanna be economists go round saying the government is borrowing exessively and when he stops issuing the eurobonds you cry..by the way issuing bonds is another way of borrowing. this from speculators to put pressure on the cedi but the government has enough foregn exchange from the cocoa syndicated loan to meet demand that is why he suspended the eurobond.
Farmer 8 years ago
Comparing this year to last year should tell you something. In a month or two they have consumed the Cocoa loan and then hell will break lose on the forex markets. This time it will be much more predictable than ever before s ... read full comment
Comparing this year to last year should tell you something. In a month or two they have consumed the Cocoa loan and then hell will break lose on the forex markets. This time it will be much more predictable than ever before so the traders at the banks are preparing for huge windfall profits. In the worst case the Cedi could even break under that pressure.
Speaking the truth makes nobody a doom sayer. Things are actually a lot worse than anyone dares to say.
tegare 8 years ago
1. economics is not a science.
2. am sure our makola ladies know more economics than our so called experts.
3. does taking a loan to pay a loan make any sense to anyone.
4. does taking a loan to support a fiat crrency mak ... read full comment
1. economics is not a science.
2. am sure our makola ladies know more economics than our so called experts.
3. does taking a loan to pay a loan make any sense to anyone.
4. does taking a loan to support a fiat crrency make sense to anyone.
5. is economics only about loans ?
6. eurobond was ditched by international financiers because ghana is a financial risk , too much debt.
7. real tough times ahead, no productivity, no more international loans, forget about foreign investors, our cocoa for some years have already been sold and paid for.
8. what next, bankruptcy and default !
KOO 8 years ago
Unlike the first comment from one Jake,it is quite clear you do understand the problems at hand.Ghana has hit the rock bottom and it looks like all are distancing themselves from us.
Unlike the first comment from one Jake,it is quite clear you do understand the problems at hand.Ghana has hit the rock bottom and it looks like all are distancing themselves from us.
Joe Turkey 8 years ago
We are maxed out of our borrowing. Already we are very highly leveraged. We can not continue borrowing forever and ever to stabilize our currency. Government continues borrowing from the central bank, external sources, from t ... read full comment
We are maxed out of our borrowing. Already we are very highly leveraged. We can not continue borrowing forever and ever to stabilize our currency. Government continues borrowing from the central bank, external sources, from the Ghanaian people (through high-interest bonds) and even from the commercial banks. This is a recipe for disaster - an impending and inevitable free fall of the local currency. The commonsense thing to do is to stop these political, manifesto-promised projects and cut our coats according to our sizes. Even more important, vote out the corrupt Mahama and his illiterate NDC cadres out of power.
Sometimes l wonder if there are real economists in this country..you wanna be economists go round saying the government is borrowing exessively and when he stops issuing the eurobonds you cry..by the way issuing bonds is anot ...
read full comment
Comparing this year to last year should tell you something. In a month or two they have consumed the Cocoa loan and then hell will break lose on the forex markets. This time it will be much more predictable than ever before s ...
read full comment
1. economics is not a science.
2. am sure our makola ladies know more economics than our so called experts.
3. does taking a loan to pay a loan make any sense to anyone.
4. does taking a loan to support a fiat crrency mak ...
read full comment
Unlike the first comment from one Jake,it is quite clear you do understand the problems at hand.Ghana has hit the rock bottom and it looks like all are distancing themselves from us.
We are maxed out of our borrowing. Already we are very highly leveraged. We can not continue borrowing forever and ever to stabilize our currency. Government continues borrowing from the central bank, external sources, from t ...
read full comment
Six years of idiots in Charge!