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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender (33526 Views)
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Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by brightalo1010: 9:47pm On Apr 08, 2022 |
vaxx:we're in 2022 and you're talking about 2016. Are you moving forward or backward? |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by rayval(m): 9:51pm On Apr 08, 2022 |
DankemzI: It is not just a decision to be made. We aren’t holding anyones ball, Russia is…we don’t have a choice |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Okoroawusa: 9:52pm On Apr 08, 2022 |
FireUpNow:Google can help you |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by rayval(m): 9:53pm On Apr 08, 2022 |
brightalo1010: It is simple analysis.. and makes sense. It gives room for questions |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Okoroawusa: 9:57pm On Apr 08, 2022 |
Yampotatocarrot:They still do. Nigeria is subsidizing the whole of West Africa under the guise of ECOWAS Free Trade Treaty and it's killing Nigeria. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by brightalo1010: 9:58pm On Apr 08, 2022 |
rayval:better analysis on which topic exactly? If you say cedi was stronger than naira in 2016/17 then 2020 tell me what it has to do with what is posted here. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Okoroawusa: 10:00pm On Apr 08, 2022 |
freemi:You don't know what you are talking about. $1 is about 74,500 Cedis. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 10:14pm On Apr 08, 2022 |
Greyworld: Bros u study Economics for secondary school so, Why u go dey talk like dat, remove the huge population, naija go still stand top ahead of Ghana, if not corruption, who be ghana |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 10:19pm On Apr 08, 2022 |
redcliff: God go bless u Bros, na only u and one other bros like dat no wetin be micro & macro economics, the rest just dey follow dem say dem say economy better pass Kaduna state |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 10:23pm On Apr 08, 2022 |
Okoroawusa:terrible humans
|
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 10:26pm On Apr 08, 2022 |
Okoroawusa:come out from ur cave |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 10:47pm On Apr 08, 2022 |
freemi: Oga mi, u seriously need to study Ghana cedis devaluation history before attacking anyone here.... dem remove Four zeros from cedis, u dey here dey shout instead make u go study the history (knowledge is dynamic my brother) 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Okoroawusa: 10:48pm On Apr 08, 2022 |
freemi:I was even wrong. Thank you for this information. Now add the 4 zeroes to that 7.45 and you will get the real value of the Cedis. I know that you will not believe me but just Google and do more research about the Ghanaian currency. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 10:57pm On Apr 08, 2022 |
Okoroawusa:Na him type dey make Ghana citizens dey rubbish us bcoz he failed to know the basics and refused to make research or take correction from u after much emphasis 2 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Okoroawusa: 11:09pm On Apr 08, 2022 |
Igbofam:It's actually 4 zeroes. In 2008 when they revalued it was $1 to 10,000 Cedis. They removed 4 zeroes to make it $1 to 1GhC but over the years their currency keeps getting worse. It's now 7.45Gh C to a dollar. Now add back the 4 zeroes and do the math. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by seyz91(m): 11:24pm On Apr 08, 2022 |
By far sef legendgalas: |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by truthCoder: 11:34pm On Apr 08, 2022 |
freemi: Study the screenshot you shared. Look at the graph. The cedis is falling compared to the Naira Some years ago, ghana changed the decimal places on their currency. This makes it look like it has value. It doesnt 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by truthCoder: 11:36pm On Apr 08, 2022 |
anyilalaz: A coup will happen. The president and legislators that consider it would be killed by the coup plotters. Ask Ghadaffi how market? 2 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by truthCoder: 11:46pm On Apr 08, 2022 |
Swanzi: How many are you ? Ordinary lagos street light consumption is more than all ghana’s consumption combined. Abi no be the same ghana wey be bush from Aflao reach Accra again? Ghana that people buy one bottle of beer and spend hours drinking it? Ghana that envies Nigerians because our small boys will enter your clubs and go home with two gurls girls each? Ghana? Don’t worry, Your breakfast is cooking… 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by truthCoder: 11:51pm On Apr 08, 2022 |
freemi: How do you determine a currency’s value? He is trying to teach you simple economics as regards purchasing power but you are bent on sha showing your shallowness on the subject. Value is not determined by number but by purchasing power. 3 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by truthCoder: 11:55pm On Apr 08, 2022 |
Swanzi: Nigeria can add the whole of ghana to its electricity grid. Ghana cannot feed ordinary Oyo state. Just because we bash our country doesn’t mean we are your mates. 5 Likes |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Horus(m): 12:11am On Apr 09, 2022 |
Sole legal tender is Cedi
|
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Greyworld: 1:01am On Apr 09, 2022 |
Cocking: Making Ghana whose population (31million) is less than that of just Lagos and kano (about 40milion) the subject further proves that the Nigeeian economy is sick. All companies are shifting production to Ghana and a certain minister is accusing Ghana of lobbying them over and here you are talking about Secondary school economics. Here is reality, don't compare with Ghana whom ordinarily you best. With the way things are imagine our population is even 50milion you think say any foreign investor to look our face Lastly your if not corruption is funny like its not the main problem we are talking about. 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Shancca: 2:45am On Apr 09, 2022 |
afroniger: I'm really most concerned about the communication channels. I'm sure somebody will be available to respond to emails should there be any questions. Ghana has a structure and institution. Nigeria is dying without recovery. The commonest thing one can think of is not commonplace in Nigeria. Ministries in Nigeria will never respond to emails of inquiries. I kept wondering why Nigeria got this bad that not even a single thing is working. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by aekinscastle(m): 4:25am On Apr 09, 2022 |
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Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Multiplier7(m): 5:10am On Apr 09, 2022 |
Swanzi:Hahaha...you think you're talking to someone that have not been to Ghana Charley...Ghana is not a good example of a country with 24/7 electricity...take it or leave it. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 5:49am On Apr 09, 2022 |
truthCoder:so naira has more value than dollars? I'm learning pls. Cuz 1usd cannot cut hair in America but 5h can cut hair in Nigeria. Pls enlighten me 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 5:52am On Apr 09, 2022 |
Okoroawusa:but if the zero was part of the currency why didn't der add it? No p will research more. But if someone from Ghana dash u 40000 cedis n u change it in Nigeria how much will u have? |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 5:54am On Apr 09, 2022 |
Cocking:so now that der removed has it not help the value? Pls I want to understand. |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by freemi(m): 5:55am On Apr 09, 2022 |
Okoroawusa:lols. Me I dnt understand again o. That's not what I'm seeing on currency trends |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Bluntemperor: 6:05am On Apr 09, 2022 |
omoadeleye: No,No,No, they are not copying anybody ! Don't mix the two scenarios,as the Russians are box into tight corners because of Putin irresponsible leaders,whose main objective is to annexed a 42Millons Ukrainians and dubbed it 'special operations' but as we can see now,he has lost but has no shame to tell the Russians populations of 146-Millions People that he should resign! The Ghanians are building their economy and they should be commended! Unlike Nigerians that even in party affairs and to get a presidential candidate,it depends on the sharing of Dollars at a Convention.PDP did it in Port- Harcourt,where Atiku,Saraki etc were every where then? Is that not killing of Nigeria economy and where do we copy this act from.Do we see UK Officials,the Americans wasting their Currencies on Conventions and irrelevancy,for if politicians can be doing this,then no hope for economic rebound! This is now being copied by all the politicians in Nigeria- get to power,get the treasury and recoup your money! Is that the way economy grow? No wander the Unemployment amongst the Youths is a long trojan in the land of abundance! Shame to our Politicians ,as they have no solutions again to move the country forward,other than lies! Do you even know that Ghanians Currency- the Cedi is moving against the Naira? E ckoke,! Argue with the truth and kiss the transformer! 1 Like |
Re: Ghana Bans Spending In Foreign Currencies, Makes Cedi Sole Legal Tender by Cocking: 8:02am On Apr 09, 2022 |
Greyworld:The first question u should be asking urself is,why are they all moving to Ghana (e.g the likes of JP Morgan moved out of Nigeria, Pz Unilever etc moved out to Ghana majorly due to cost of production and security)... And stop comparing population where it's not applicable... |
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