Was Dr. Kwakye Of IEA Spot On With His Analysis

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• RAPH 11 years ago

  The cumulative of the 5gp which was considered insignificant in the computation of the exchange rate.And several years of its underestimation is now beginning to manifest the effects on the economy.In 2007, the economy was v ...
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  The cumulative of the 5gp which was considered insignificant in the computation of the exchange rate.And several years of its underestimation is now beginning to manifest the effects on the economy.In 2007, the economy was virtually out of hand , what measures were put in place for the cedi to merit the equal value as dollar? Rawlings in his own military intellect said or mentioned that the re-domination is the cause of the current economic abysmals. so Dr Kwakye with his analysis was right.

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• Bryden Wilson 11 years ago

  This is intellectual dishonesty on the part of Dr, kwakye. In 2008 a bag of 25kg rice was selling for GHc30 now it sells for GHc150. A gallon of petrol in 2008 was selling for .GH3.5. Now it is GHc15.and you do not think it i ...
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  This is intellectual dishonesty on the part of Dr, kwakye. In 2008 a bag of 25kg rice was selling for GHc30 now it sells for GHc150. A gallon of petrol in 2008 was selling for .GH3.5. Now it is GHc15.and you do not think it is the harsh economic measures that is hurting.

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• YAW 11 years ago

  Your argument is just hollow it makes no sense. The value of the cedi was not equated to the dollar through the re-denomination and could never have being. It is absurd to even think like that. Re-denomination is not the same ...
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  Your argument is just hollow it makes no sense. The value of the cedi was not equated to the dollar through the re-denomination and could never have being. It is absurd to even think like that. Re-denomination is not the same as revaluation.
  
  It seems you are one of those illiterates who prefers to be carrying bus loads of cash around to pay for bread.
  
  The real cause of Ghana's inflation are the huge government expenditures leading to record deficits and the huge supply of money by the Bank of Ghana to accommodate the record budget deficits. Additionally, you live in an environment where every thing is imported and the imports are done in USD, what do you expect? the value of the unwanted cedi will depreciate and that fuels inflation which leads to depreciation. Add the increases in petroleum products, utility prices etc, and you get a clear picture of the causes of the depreciation of the cedi.

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• Nana Yaa New York city 11 years ago

  Yaw I share your view to go even further the economy stabilised between the said date till 2012 what everybody is shelving is why did the economy take a nose dive after 2011?were we economical with the truth?I rest my case

  Yaw I share your view to go even further the economy stabilised between the said date till 2012 what everybody is shelving is why did the economy take a nose dive after 2011?were we economical with the truth?I rest my case

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• Yawosi 11 years ago

  And you think your argument washes? did any of you actually listen to what the good doctor said?
  Nowhere did this man say the current inflation in the economy is solely due to the re denomination, what he said was the high c ...
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  And you think your argument washes? did any of you actually listen to what the good doctor said?
  Nowhere did this man say the current inflation in the economy is solely due to the re denomination, what he said was the high cost of living i.e. high prices of goods and services...which also contribute to the inflation (inflationary pressure. His take was that, the quantum of price increases are relatively higher due to the fact that people tend to think in terms of the new currency been low not realising it is actually very high. for example, pre new GH cedi, an item due to inflation, exchange rate etc might be increased by about 100, 200 or even a 1000 but nowadays because those units are considered valueless, the minimum increment people go for iwill be about cedis which straight away is times 10 000 of the previous money!!!

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• Yaw 11 years ago

  I listened to the Professor and his argument was laughable. He made the point that knocking off the cedis by three zeros instead of four would have provided a more desirable effect. What hogwash is that?
  
  The adjustment of ...
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  I listened to the Professor and his argument was laughable. He made the point that knocking off the cedis by three zeros instead of four would have provided a more desirable effect. What hogwash is that?
  
  The adjustment of prices to the newly designated amounts due to the re-denomination should not take that long to manifest. The effect of the shocks should have dissipated five years on. The effect of the re-denomination on prices is not the cause of current inflation. The real cause are what I have cited in my original post.

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• Nas 11 years ago

  Thank you, tell that idiot again.

  Thank you, tell that idiot again.

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• Mensah 11 years ago

  "Rawlings in his own military intellect". How dummmy can you be? Have you come across any inelligent military man, especially Rawlings whose IQ is below zero? Fool.

  "Rawlings in his own military intellect". How dummmy can you be? Have you come across any inelligent military man, especially Rawlings whose IQ is below zero? Fool.

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• SARPONG 11 years ago

  So tell me how after seven years, having had 8.5% inflation in 2010, 8.9% in 2011, 9.2% in 2012 and 10.5% in 2013 which NDC said their policies was the reason that we had these single digit inflationary figures, are you telli ...
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  So tell me how after seven years, having had 8.5% inflation in 2010, 8.9% in 2011, 9.2% in 2012 and 10.5% in 2013 which NDC said their policies was the reason that we had these single digit inflationary figures, are you telling me during that time redenomination was 'SLEEPING' and it just woke up in 2014?
  
  You people are shameful twits. You did the same in 2012 and took credit for the implementation of the single spine and campaigned on it telling Ghanaians you have increased workers pay on average 300%.
  
  Now the NDC has turned around to blame NPP for the high government wages because it was NPP that brought SSSS. This is despite in their own manifesto in 2012 in which they took credit for this policy.

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• Fo Koku - Tanyingbe 11 years ago

  HE SAID RENOMINATION OF THE CEDI WAS ONE OF THE REASONS.

  HE SAID RENOMINATION OF THE CEDI WAS ONE OF THE REASONS.

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• Hard Listeners 11 years ago

  The man has denied saying the re denomination has created the inflationary trends of today What of Zimbabwe who erased so many zeros from their currency to be able to get some form of stability which looks better than Ghana's ...
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  The man has denied saying the re denomination has created the inflationary trends of today What of Zimbabwe who erased so many zeros from their currency to be able to get some form of stability which looks better than Ghana's own now as their currency is much more stable than our own. Propaganda does not run an economy.

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