Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,311 members, 7,957,810 topics. Date: Tuesday, 24 September 2024 at 08:53 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Ghana Looks To IMF For Salvation As Cedi Falls By 40% (24625 Views)
Angola, Hit By Collapse Of Oil Prices, Seeks IMF Aid / Ghana Finally Runs To IMF For Financial Aid As Economy Crumbles - BBC / Ghana's Cedi Is Now Almost Equivalent To The Dollar! (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 3:43pm On Nov 04, 2014 |
maylisa: Not so fast but lemme have your pin. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by GHKWAME1: 3:47pm On Nov 04, 2014 |
MadCow1:Have you eaten today? 4 Likes
|
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by GHKWAME1: 3:52pm On Nov 04, 2014 |
adorable29 :You are innocent |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 4:10pm On Nov 04, 2014 |
caprini1:It's that bad? |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by mymz(f): 4:41pm On Nov 04, 2014 |
Why won't the cedi fall? when your economic policies are in contradiction with one another. So in '07 you re-denominated the cedi to cushion the effects of devaluation and help grow your economy thus, 1cedi became equal to $1 then you implemented a banking policy of not paying in foreign currency when receiving money from western union or moneygram so as to increase demand for cedi. But your educational system being one of the strong pillars supporting your economy thrives on heavy foreign currency investment because you mandate foreign students to pay in dollars thereby creating a demand for dollars. Even your property/real estate laws do nothing to condemn property owners that charge in dollars. So much so that even some shops in certain 'highbrow' areas in Accra like Osu, labone and the almighty Accra mall, actually charge in dollars. and then when west African investors come in, you bill them to high heavens (most times in dollars) instead of settling for barter contracts that will benefit each country, engender economic exchange that will create jobs, stabilize your currency and in turn, economy All of these creates a demand for dollars, devaluing your cedi even more, but you don't spend dollars as a nation. Now you run to IMF. Ghana like Europeans eh kai! All the bailouts in the world won't be sufficient if you have person myopic policies that creates demand for foreign currencies thereby devaluing yours. John Dramani Mahama is (by all accounts) a very clueless president..... but then, it's really none of my business. Seriously, what's the conclusion on that kpomo ban? 14 Likes 1 Share |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 4:48pm On Nov 04, 2014 |
iamord: Sometimes I regret coming from West Africa. Why do we hate ourselves so much! I am Nigerian but I am down here with my ghanian homie in amsterdam chilling in a coffeeshop smoking the dopest spliff. Chill out guys. 6 Likes |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by JayJustus(m): 5:10pm On Nov 04, 2014 |
egift: nigga currency exchange doesn't really play much of a role only to an extent... 1 naira = 7 Korean won...but tell me what you can buy with 1000 won in Seoul?? 1 Like |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by JayJustus(m): 5:29pm On Nov 04, 2014 |
iamord: nigga you need to calm your tits da hell down...when Nigeria has problems Ghanaians laugh the living stock outta us...why are you now so butthurt ?? what goes around comes around like a hula hoop... and you said our economy is a shit hole?? I cannot but LOL tho...nigga the GDP of Lagos alone is greater than the entirety of Ghana...need I say more?? Nooo... *my mummy is calling me in the kitchen she said my flight to Ghana is in two hours* so wait for me at the airport I'd be distributing rice and ororo... you can make jollof with it... (in Ghanaian accent) 5 Likes |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Smooyis(m): 5:42pm On Nov 04, 2014 |
I do hope the bad economy in Ghana is not as a result of acute corruption in high places as in Nigeria. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by bercarray(m): 5:44pm On Nov 04, 2014 |
IAMGEJ:yes we are all africans, bt dat doesnt mean we are avn d sametn in common,and come to tnk of it,we are suppose to be beta dan them wit our naira value bt no, y? Our leaders |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by bercarray(m): 5:54pm On Nov 04, 2014 |
Godmother:well maib i shd interprete what u had jst said,which is to say nigeria's employment cant be solved,cos i see no reason y employment prob cant be solved if we are better far better dan them,stable lights attract industries |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 6:12pm On Nov 04, 2014 |
Smooyis: The recurring problem with the Nigerian economy and the present situation with the Ghanian economy is endemic to Africa. It is high time we realise that taking IMF and World Bank loans does not solve the problem rather it prolongs it and ropes us into future debts. We need to look inwards for a solution. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by maylisa(f): 6:26pm On Nov 04, 2014 |
drlawizle:lols funny you |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by maylisa(f): 6:32pm On Nov 04, 2014 |
JayJustus:guy you get bad mouth o. Do you want some people to die of heartAche? Easy bross 1 Like |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by bercarray(m): 6:36pm On Nov 04, 2014 |
76Naira:, yea i ruite agree wit d fact dat rise in gdp doesnt translate regional growth,but d last paragraph I dnt. Cos since wen av we bn exportn,na 2dai?? It's bn long sir,and wit dat tns are only changin to favour d rich ones not d youths,and i tnk what we now xport more is petrol,and 4 u to be a petrol or oil tycoon,u knw wht dat requires,xo we youth what shd we be hopeful abt.pls reply i want to knw |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 7:44pm On Nov 04, 2014 |
maylisa: Come on.. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Collynzo29: 7:52pm On Nov 04, 2014 |
MadCow1:Which means 1 Naira = 192 cedis in actual sense. Egift the APC paid online thug leave economics alone please. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by highmood(m): 8:41pm On Nov 04, 2014 |
iamord:I didn't type it for ur applause. Its a freedom of expression, so say what you want to. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by PetroDolla3: 9:52pm On Nov 04, 2014 |
Really? so how is this topic nigeria-related? |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by PetroDolla3: 10:00pm On Nov 04, 2014 |
PhockPhockMan:hahahaha rescue who? is it a joke or something? are you not supposed to be thinking about rescuing millions of your fleeing refugees who are now a complete nuisance in neighbouring countries? hehehehe fuckeduppedness 1 Share
|
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by bhidex007: 10:08pm On Nov 04, 2014 |
Cool news I must say, that is the result when you tend to assume regional power and you are not actually up to the task yet, you are all coming back to sow our shoes again like your ancestors did. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by mikron(m): 10:20pm On Nov 04, 2014 |
And they said their money is better than ours, IMF don dey open their nyansh, I pity them sha. E go better. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by PetroDolla3: 10:33pm On Nov 04, 2014 |
bhidex007:the last I checked there was only one country where its citizens were feeding from the dustbin. and it wasn't Ghana! |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by PetroDolla3: 10:41pm On Nov 04, 2014 |
mikron:fuckeduppedness you pity Ghana? and what about those 300 girls still missing in sambisa forest? and the 90% of your citizens who survive on less than $2 a day. you should reserve your pity for them,huh? heard millions of your country people have fled their homes and are refugees. the picture of millions of distraught people fleeing was quite dramatic and very pitiful. don't you think so?
|
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by zappyj(m): 10:45pm On Nov 04, 2014 |
PetroDolla3: You don't want to go there loser! With all our problems, your total economy isn't half of what Lagos alone boasts of. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Horus(m): 10:58pm On Nov 04, 2014 |
https://www.youtube.com/watch?v=D1-jHdv2D14 [size=15pt]Rescuing Ghana's Cedi[/size] The Ghanaian currency, the Cedi, in 2014 has already depreciated by about 3 % against the major international currencies. In 2013, the local currency suffered 17 % depreciation. The Central Bank has outlined measures intended to fix this but those the fast depreciation of the currency has already affected have to deal the problems that have come with it. |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by PetroDolla3: 11:12pm On Nov 04, 2014 |
zappyj:hahahah I want to go there oooh. Our total economy isn't half of lagos? so how come people eat from the dustbin in Lagos but don't do that in Ghana? how come life expectancy is a miserable 45 years in Lagos and 64 iin Ghana. how come 120 million of your impoverished people don't have electricity whereas 70% of Ghanaians have power? what is the maternal and infant mortality rates in lagos as compared with Ghana? how many people in your lagos are gainfully employed? I am not talking about kidnappers, armed robbers and pr0stitutes the same lagos where grown up men -supposedly engineers were fighting over leftover fanta. hahahahaha do you know the numbers of calls I get every day from desperate nigerians wishing to relocate to Ghana? 1 Like |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 12:37am On Nov 05, 2014 |
Hahahahaha. Ah no talk am?? Where them dey? |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 12:41am On Nov 05, 2014 |
Gbam!!!" MadCow1: |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 12:50am On Nov 05, 2014 |
My friend shatap . Before you open your mouth to talk b4 nigerians,go and ask for cleansing from the gods.Then you do some researchs PetroDolla3: |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by Nobody: 12:57am On Nov 05, 2014 |
Shhhhhhhh. Keep quiet.People are discussing GHKWAME1: |
Re: Ghana Looks To IMF For Salvation As Cedi Falls By 40% by caprini1: 4:52am On Nov 05, 2014 |
CFCfan:it is really very |
(1) (2) (3) (4) (5) (6) (Reply)
Woman Names Baby Born During Obama's Trip To Kenya ''air Force One Barack Obama" / Japan Court Rules Against Same-sex Marriage, Lawyer Disappointed / FBI Hunts For Majid Dastjani Farahani, Suspected Iranian Assassin
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 118 |