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Nairaland Forum / Nairaland / General / Business / Tears As Ghana Cedis Topples Naira With High Margin (3207 Views)
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Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:12pm On Oct 20, 2023 |
$1 is now around 12Ghana Cedis $1 = is now over 1100 naira 1 Ghana Cedis is heading towards 100naira Emilokan government must favor me 15 Likes 3 Shares |
Re: Tears As Ghana Cedis Topples Naira With High Margin by Nobody: 7:13pm On Oct 20, 2023 |
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Re: Tears As Ghana Cedis Topples Naira With High Margin by Roboto11: 7:19pm On Oct 20, 2023 |
Ghana 🇬🇠wey the people dey cry. 2 Likes 2 Shares |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:23pm On Oct 20, 2023 |
Government based on turn 6 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by Zooposki(f): 7:23pm On Oct 20, 2023 |
Make una go Ghana na. Na una go still cry come back to Nigeria. 3 Likes 2 Shares |
Re: Tears As Ghana Cedis Topples Naira With High Margin by press9jatv: 7:24pm On Oct 20, 2023 |
Ghana 🇬🇠economy is pretty ok 1 Like |
Re: Tears As Ghana Cedis Topples Naira With High Margin by FreeStuffsNG: 7:25pm On Oct 20, 2023 |
kk2027:Smh. Ghana that can not even pay back those who bought its Eurobond after the cedi failed despite knocking 4 zeros off the old cedi in 2007 and had since been devalued between 10 to 20 times such that 1 new cedi today is worth about million old cedis. That you brought cedi shows that you are ignorant of monetary exchanges. Your own is how much is Mallam selling dollars on the street. Smh 13 Likes 2 Shares |
Re: Tears As Ghana Cedis Topples Naira With High Margin by Reliable912: 7:25pm On Oct 20, 2023 |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:29pm On Oct 20, 2023 |
FreeStuffsNG: After all the English and defending failure You need at least 80k naira just to get 1k Ghana cedis 10 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:31pm On Oct 20, 2023 |
Roboto11:They're millionaires if they enter naija right now BTW every country get people wey dey cry So focus on the exchange rate 1 Like 2 Shares |
Re: Tears As Ghana Cedis Topples Naira With High Margin by FreeStuffsNG: 7:33pm On Oct 20, 2023 |
kk2027:You still don't get if you don't know that the N80k is actually about 10 million cedis. O ma ÅŸe o. This is why those in authorities don't take you serious. They know that all you know is play on the social media. Even Ghana is so badly indebted to Nigeria that it's offering to pay us in gold. If you go take naira to buy a weak currency like cedis then it shows your very low economic power. kk2027: What on earth will I be doing with cedi! I can't even exchange my naira for a currency like cedi. Cedi to do what? Currency of a country that can't pay sovereign debt is what you are hyping? Smh. Abeg leave the social media and go and read your books. 11 Likes 1 Share |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:36pm On Oct 20, 2023 |
FreeStuffsNG: Height of delusion Yes it used to be so until government became turn by turn Update yourself bro Me too I refused to believe it at first You need close to 100k naira now to get 1000 Ghana Cedis 4 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:37pm On Oct 20, 2023 |
Imagine $1 equals 12 Ghana Cedis And our own is over 1100 Who Nigeria offend like this |
Re: Tears As Ghana Cedis Topples Naira With High Margin by Ddeliverer007(m): 7:38pm On Oct 20, 2023 |
FreeStuffsNG: 1dollar=1200naira as at now o. Cause before the end of today, it might be 1250. This is what you should be crying about.. If Chief tinubu is allowed to continue, by the end of 4years, 1dollar will be 5000naira. The certificate forger has taken cluelessness to a whole new level. Tufiakwa!!! Buhari we miss you 3 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by PrinceOfLagos: 7:38pm On Oct 20, 2023 |
This is what happens when your president is incompetent 2 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:40pm On Oct 20, 2023 |
Nepa bill is obviously better than a "forged" first class 2 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:44pm On Oct 20, 2023 |
Ddeliverer007: At the bold Who would have thought |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:46pm On Oct 20, 2023 |
PrinceOfLagos: I never expected it'll be this bad |
Re: Tears As Ghana Cedis Topples Naira With High Margin by soojar(m): 7:56pm On Oct 20, 2023 |
kk2027: Add 4 zeros to that 1 Ghana Cedis you will have 10,000 (without the re-denomination) In terms of the true value of both currencies, what 100 Naira can purchase is equivalent to about 2.50 Cedis (with the re-denomination of the Ghana Cedis) We learn every day. 1 Like |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 7:58pm On Oct 20, 2023 |
Chispa: Leave am fess Ghana Cedis come be like dollar to naira those days |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:00pm On Oct 20, 2023 |
soojar: One great thing about you is that after I corrected your first comment on this thread, you quickly Google and saw that naira is truly on the brink But then, you must do your job, hence you changed direction of your argument Las las you go explain tire |
Re: Tears As Ghana Cedis Topples Naira With High Margin by truthhurtsnaira: 8:02pm On Oct 20, 2023 |
kk2027: Nigeria- the greatest SHYTHOLE of 2023… Where is BALLA BULLU… He run go France abi? |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:06pm On Oct 20, 2023 |
At this rate even a 1million naira minimum wage is not even up to $1k Emilokan government will favor me 1 Like |
Re: Tears As Ghana Cedis Topples Naira With High Margin by Iriruaga100(m): 8:10pm On Oct 20, 2023 |
kk2027: The value of Ghana currency is cosmetic. Life is very hard in Ghana when you compare it to Nigeria. 2 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:12pm On Oct 20, 2023 |
Iriruaga100: Life is not easy anywhere even in UK with GBP 1million naira is now about 12k Ghana Cedis This government will favor me 1 Like |
Re: Tears As Ghana Cedis Topples Naira With High Margin by soojar(m): 8:30pm On Oct 20, 2023 |
kk2027: I think you are quoting the wrong person sir. But if it's the comment I made above you are referring to, then I will say I just gave you the exact picture of things as I do business in both Ghana and Nigeria and I deal in both currencies daily. We learn every day. |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:32pm On Oct 20, 2023 |
soojar: After all said and done When you're ready to enter Ghana, you need 1 million naira just to get around 12k Ghana Cedis Na d Kokomo be that |
Re: Tears As Ghana Cedis Topples Naira With High Margin by soojar(m): 8:46pm On Oct 20, 2023 |
kk2027: I am in Ghana as I speak to you. What my 1million naira will buy me in Nigeria, is about what 17 to 18k Ghana Cedis will buy me here. Start from fuel, to hotel, to food, etc. Naira is losing value no doubt, but just correcting the picture of comparison you are trying to paint between Naira and Cedis. Maybe you try the comparison with another currency I don't know anything about, and then I will reserve my comment. We learn every day. 2 Likes |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:47pm On Oct 20, 2023 |
soojar: You need 1million for 12k Ghana Cedis or not? |
Re: Tears As Ghana Cedis Topples Naira With High Margin by kk2027: 8:48pm On Oct 20, 2023 |
soojar: Same in US. What 1 million naira can buy is the same as what 1000 can buy So naira is eveb doing better than dollar Agbado economics |
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