Benefits Of A strong Currency

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• Sankofa 11 years ago

  If personal income tax is abolished how will we get money to finance construction of schools, hospitals, roads and provide other amenities for our people?
  
  I would rather suggest widening the tax net so that all those engag ...
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  If personal income tax is abolished how will we get money to finance construction of schools, hospitals, roads and provide other amenities for our people?
  
  I would rather suggest widening the tax net so that all those engaged in economic activity, especially the private sector contribute to the national purse. We can then lower taxes as an incentive for aLL to fulfil their tax obligations.

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• keiby 11 years ago

  Stop and ask this simple question, why are we agitating fuel price increases? ans. the price of the cedi to the dollar has fallen from 1.5 to 1.95,(exchange rate) so local prices must rise. When the exch. rate is stable and p ...
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  Stop and ask this simple question, why are we agitating fuel price increases? ans. the price of the cedi to the dollar has fallen from 1.5 to 1.95,(exchange rate) so local prices must rise. When the exch. rate is stable and prices remain stable workers will ask for more money and parliamentarians cannot demand and take 50,000 as re rent advance

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• Paul Amuna 11 years ago

  Kofi, no one is saying that a strong currency cannot be good for a country or an economy. The countries you cite as examples are countries with an established and strong manufacturing and exports base, and with a track record ...
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  Kofi, no one is saying that a strong currency cannot be good for a country or an economy. The countries you cite as examples are countries with an established and strong manufacturing and exports base, and with a track record of good quality products. They also are internally self-sufficient especially Germany which produces a lot to satisfy its own domestic needs. Until, and unless you have some of these structures in place, a strong currency does not necessarily improve your economic fortunes in the long run.
  
  Indeed the opposite statement you made about a weak currency can also hold true here, that in the short term, a strong currency may boost confidence and attract investors, but will it last if your overall micron and macroeconomic structures are weak? Please don't take the criticism badly. Either side of the argument has merits. What we need to do is to weigh the options within the Ghanaian economic context, and to take a pragmatic approach to our economic development including fiscal/monetary and other considerations.
  
  Be a good intellectual and when you take a punch, pick yourself up and make your point. I suggest to you, you research on both sides and write a fine article examining the pros and cons of the two sides, then draw your own opinion which I believe most readers will find interesting and boost the debate.

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• Big Joe . belaruss, ukraine , russia 11 years ago

  i agree with you bro. however its all begins with organization from nations policy makers coupled with vision to make Ghana Better come true ... by promoting local made products to the taste of local consumers,support to lo ...
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  i agree with you bro. however its all begins with organization from nations policy makers coupled with vision to make Ghana Better come true ... by promoting local made products to the taste of local consumers,support to local entrepreneurs, reducing high cost of custom duty on imported raw materials, transport and equipment, capital provision to motivate innovation drive and soft interest rate to borrowers from credit banks.
  Ghana is an emerging economy and no way find standing to powerful economis

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• Kojo T 11 years ago

  We should be talking about a Stable currency as bothe a declining currency and a rising currency have their own side effects. In our case of course a strong currency will do us good as we imort a lot as against exports. China ...
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  We should be talking about a Stable currency as bothe a declining currency and a rising currency have their own side effects. In our case of course a strong currency will do us good as we imort a lot as against exports. China made its currency weak to get an export driven growth. We always must march our currency regime with our national objectives, When Busia first devalued the question we asked was what do you want to do. We were exporters of primary produce and our import bill increased over night leading to inflation.

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• Motiane 10 years ago

  I am a proponent of a strong currencybecause I belief it liberates the citizens as they ncan both travel and invest overseas in stronger markets and buying real estate properties.

  I am a proponent of a strong currencybecause I belief it liberates the citizens as they ncan both travel and invest overseas in stronger markets and buying real estate properties.

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