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too much money borrowed. period.
The cedi was destined to struggle since its re-denomination during the Kuffour era. The Govt, for some strange reasons rushed the process without ensuring that strong economic fundamentals were in place; eg.low inflation, mor ...
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No matter what we do as ghanaians to salvage ourselves from the continuing depreciation of the cedi it wont happen until we are able to transform this economy into an export oriented economy which will we auromatically inject ...
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WE DO NOT CONTROL THE CEDE VALUE WHILE OUR BANK INTRET RATES 21% AND OUR GOVT VAT 17.5%
THESE NDC-CROOKS STEALING FROM THE TREASURY
CANNOT MANEGE OUR ECONOMY
VOTE THIS INCOMPETENT-MAHAMA OUT
The bank rate is 26%, not 21%. Ghana's bank rate is currently the highest in the world.