Let’s eliminate open black marketing in Ghana

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• Kwabena 9 years ago

  The article showed the reason for the existence of black market is government's attempts to control the official exchange rate. The existence of black market suggests there is something wrong with exchange rate policy. The so ...
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  The article showed the reason for the existence of black market is government's attempts to control the official exchange rate. The existence of black market suggests there is something wrong with exchange rate policy. The solution to the black market problem is a policy change--removal of the controls mentioned in the article. Law enforcement cannot be the answer.

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• Kofi 9 years ago

  Arrest them and confiscate the money they are dealing with on daily/weekly basis and see what happens.

  Arrest them and confiscate the money they are dealing with on daily/weekly basis and see what happens.

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• J. D Mahama 9 years ago

  You have written a very nice article, but my question to you is that is there any laws in the country and if there are any, do they work? Give the controlling of such activities to the police and see what will happen. The B ...
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  You have written a very nice article, but my question to you is that is there any laws in the country and if there are any, do they work? Give the controlling of such activities to the police and see what will happen. The Bank of Ghana and local bank will not let the people and the businesses that need the foreign currencies have them. Even some banks and their staff are all involved in illegal activities within their bank's premises and will sell the money to you at a higher rate. My brother like l said earlier your article is a nice one buy nothing works in the country so your good advice will not go anywhere but end up in a trash can or dust bin.

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• Joseph 9 years ago

  Pls the exchange rate the banks are offering is to low the are allways about 20 pes. under the interbank rate and the black market comes close to the interbank rates.

  Pls the exchange rate the banks are offering is to low the are allways about 20 pes. under the interbank rate and the black market comes close to the interbank rates.

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• kofi mensah 9 years ago

  Thank you Mr Alhassan for your brilliant article. This can only happen in a lawless country where no one cares about any thing. Just visit Tema community one, and you will see these guy selling currencies in broad daylight. I ...
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  Thank you Mr Alhassan for your brilliant article. This can only happen in a lawless country where no one cares about any thing. Just visit Tema community one, and you will see these guy selling currencies in broad daylight. If Ghanaians were law abiding citizens,we will not allow cows to roam in our cities as if there are no by laws regulating animal husbandry in the country. Grateful once again Alhaji for your article, hope relevant authorities will take action. God bless Ghana!

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• Just thinking 9 years ago

  The black marketeers are the true barometers of the going rate in the open market. If you wanna play stupid and play victim to the selfish and stealing ways of our sophisticated few, go to the banks and their conniving agenci ...
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  The black marketeers are the true barometers of the going rate in the open market. If you wanna play stupid and play victim to the selfish and stealing ways of our sophisticated few, go to the banks and their conniving agencies. We are in a free market so let the competition abide.

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