Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,154,147 members, 7,821,916 topics. Date: Wednesday, 08 May 2024 at 09:43 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender (33437 Views)
Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender / Protest In El Salvador As Bitcon Crashes After Government Makes It Legal Tender / Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by UDOKABESTLUV(m): 7:42pm On Apr 08, 2022 |
Nawa o |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by lebete3000: 7:46pm On Apr 08, 2022 |
Okoroawusa: Things must be fvcking expensive there niyen oh... Imagine olosho wey I fit fvck for 5k overnight for Kano here, na hin the one for Ghana wan collect dollars... How much that one go be sef? Like $10? $10pussy 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by maasoap(m): 7:59pm On Apr 08, 2022 |
Mooh247: Lol. I still remember the year they made 1 cedi equal 1 dollar. I didn't know it is that bad for them these days 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by brightalo1010: 8:01pm On Apr 08, 2022 |
vaxx:go and take the 2016 2017 and 2020 and buy something in today's market. All these backwardness is for what? 2 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Swanzi(m): 8:04pm On Apr 08, 2022 |
Multiplier7: Mumu at least we have 24/7 electricity 2 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by tfelicityk(m): 8:05pm On Apr 08, 2022 |
I love this country called Ghana. They always keep to their words and practice their actions effectively. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Babaken(m): 8:05pm On Apr 08, 2022 |
Most of their landlords are collecting rents in dollars |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by jaxxy(m): 8:20pm On Apr 08, 2022 |
Rollsnjaguar: Not like Russia. They will transact externally in dollars bt not locally. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by NamelessOGBENI(m): 8:22pm On Apr 08, 2022 |
In March, the government announced a 30% salary cut for its appointees to mitigate economic hardship.. This is the icing on the cake and I love it, hopefully, the idiots in the corridors of power will toe the same route too. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Agbebakun22: 8:25pm On Apr 08, 2022 |
Vixlot:i could remember few years ago when i decided to have my bsc there omo when i heard they pay everything in dollars local man perish that idea |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Princechinox: 8:29pm On Apr 08, 2022 |
A wonderful way to boosting their economy and raising values. Kudos |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by ajl: 8:33pm On Apr 08, 2022 |
Ghana, a country with serious people and government. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by ajl: 8:35pm On Apr 08, 2022 |
Babaken: Their government is more reliable. Can you imagine going to a Buka or road side canteen in Nigeria to eat and you are issued a receipt. That's exactly what I experienced in Ghana. And that was over 20 years ago. In year 2000 exactly. 2 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Yampotatocarrot(m): 8:38pm On Apr 08, 2022 |
Datikwerreboi: If I ask me, I'll say it's because most of their packaged consumer goods seem to be produced in Nigeria and transported there. Its applicable in all our neighbouring countries. Try buying softdrinks in Benin Republic or Togo, you'll be surprised how much they'll call it. I later learnt some people buy in bulk from Nigeria and send it there for sale, using any of these transport companies, hence the high prices ( don't know if they still do so) 4 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by NwaIgboBoy(m): 8:42pm On Apr 08, 2022 |
When I hear Ghana I remember kweku the traveler |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by vaxx: 8:45pm On Apr 08, 2022 |
brightalo1010:in simple language, none of the currency are doing well. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by stonemind(f): 8:48pm On Apr 08, 2022 |
Vixlot: wow that's sad 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 8:52pm On Apr 08, 2022 |
WarrenC:r u sure u even know what u r typing? So because 1 dollar cannot buy m a cup of garri in America but 55 naira can it here in naija it means our currency has more value than dollar? |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 8:54pm On Apr 08, 2022 |
staga:what is this one saying? R u talking Abt past or present? Which currency has more value at d moment? |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by priestcharm(m): 8:55pm On Apr 08, 2022 |
This is a good news. It Will strengthen the cedis as a legal tender. Don’t always use the USD as medium. It only strengthen the USD. But this will work if you’re an exporting country because you determine your terms for export. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Kcdojoto(m): 8:59pm On Apr 08, 2022 |
brightalo1010:The 1 ghana cedis you see today is their former 10,000 cedis they remove all the zeros and call it 1 ghana cedis, then 1000 cedis they remove the zeros and call it 1 pastas which is like removing all the zeros in our 1000 Naira and call it 1kobo. As at then (2007) the 1 ghana cedis is equivalent to 1 dollar and dollar was about 89 Naira then, but today what happened? Naira is gaining ground against cedis,I don't think that is up to 60 naira against 1 cedis. I am tired of explaining to the people why it looks like cedis is bigger than naira while in actual sense it is not. 8 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Camelot65: 9:11pm On Apr 08, 2022 |
Masterito:I saw his comment and was |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Localordinary: 9:12pm On Apr 08, 2022 |
This is just propaganda because of the continuous depreciation of cedi against the dollar,however houses,lands and hotels still continues to collect their money in dollars afroniger: |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Tombrown3(m): 9:16pm On Apr 08, 2022 |
WarrenC: Can 1naira buy you anything? Since we are comparing it to lowest denomination. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by tempusfugit: 9:28pm On Apr 08, 2022 |
Funny enough right now cedis is the worst performance currency among top in Africa, Currencies don't works. Like that, this cina currency against cedis, here you can see in theory cedis is stronger but in reality cedis is close to useless freemi:
|
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Multiplier7(m): 9:31pm On Apr 08, 2022 |
Swanzi: Which 24/7 electricity...keep decieving una self with that And again who told you that Nigeria didn't have electricity abi you want to generalise poor power due to issues power holding had during the month of match? Ghana no get any 24/7 electricity...that's a fact(light dey normally take when rain is falling na light) almost same with naija. Comparing Nigeria to Ghana is like comparing Russia to Ukrain and you know the consequences 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 9:38pm On Apr 08, 2022 |
Itzteewhy: Young man, what are u capping |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Exceed15: 9:39pm On Apr 08, 2022 |
This will strengthen their currency. Nice move |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Allisgud: 9:43pm On Apr 08, 2022 |
Nigeria cannot try this,u know why 80% of our every day use are imported |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Swanzi(m): 9:43pm On Apr 08, 2022 |
Multiplier7: When will I stop educating you Nigerians that 24/7 electricity is not rocket science neither is it a miracle is very practical and it happens in Ghana… ! Even if there is light out it doesn’t take more than 5-10 min max unless there is local issue maybe with a transformer,any other issue announcement is made via radio or tv if it exceeds 24hours… Pity una self u need it |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Princewill1(m): 9:44pm On Apr 08, 2022 |
One of the main reasons why people abandon their country's currency for foreign currency is due to continuous fall on the value of the currency. For Ghanaians to opt for dollar instead of cedis is due steady fall of cedi. 2 Likes |
(1) (2) (3) (4) (5) (6) (Reply)
Thousands Take To The Streets Of Paris To Protest Soaring Prices / Idris Deby: Why A Leader Should Not Be At The Front Line / Angry Ex-President Zuma Supporters Looted Shops, Set Buildings Ablaze
(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. 33 |