vaxx:
in simple language, nine if the currency are doing well.

we're in 2022 and you're talking about 2016. Are you moving forward or backward?

DankemzI:
Nice one Ghana, Nigeria needs to start selling it's resources in Naira just like the Russians are selling their gas in rubble's. Let's keep the dollar aside and strengthen our currency

It is not just a decision to be made. We aren’t holding anyones ball, Russia is…we don’t have a choice

FireUpNow:
I thought they said that the Ghana Cesis is stronger or equal to the dollars

Google can help you

brightalo1010:
go and take the 2016 2017 and 2020 and buy something in today's market. All these backwardness is for what?

It is simple analysis.. and makes sense. It gives room for questions

Yampotatocarrot:


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)

They still do. Nigeria is subsidizing the whole of West Africa under the guise of ECOWAS Free Trade Treaty and it's killing Nigeria.

rayval:


It is simple analysis.. and makes sense. It gives room for questions

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.

freemi:
but today it's 10 times better than naira

You don't know what you are talking about. $1 is about 74,500 Cedis.

Greyworld:

What do you drink.



I owe you 1 bottle of it. Our economy is looking big cos of our population. I said it earlier to someone here today. Remove population Nigeria economy is out. Like finished.

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

redcliff:

Hear mumu talk.. tell fg to stop importing refined oil snd stop buying ammunitions and trains overseas

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

Okoroawusa:

You don't know what you are talking about. $1 is about 40,000 Cedis.

terrible humans

Okoroawusa:

You don't know what you are talking about. $1 is about 40,000 Cedis.

come out from ur cave

freemi:
come out from ur cave

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)

freemi:
terrible humans

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.

Okoroawusa:

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.

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

Igbofam:


Compared to Nigeria the Ghanaian cedi is between 7000 to 8000 Naira to a dollar. Ignore the 3 zeros they removed from their currency

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.

By far sef

legendgalas:
Ghana that the coconut head children said is better than Nigeria

freemi:
Ghana cedis is far better than naira. Google is ur friend.

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

anyilalaz:
I suggested this on other thread, if Nigeria has a similar situation:

A coup will happen.

The president and legislators that consider it would be killed by the coup plotters.

Ask Ghadaffi how market?

Swanzi:







Mumu at least we have 24/7 electricity

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…

freemi:
what is this one saying? R u talking Abt past or present? Which currency has more value at d moment?

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.

Swanzi:




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

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.

Cocking:


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

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.

afroniger:


https://www.vanguardngr.com/2022/04/ghana-bans-spending-in-foreign-currencies-makes-cedi-sole-legal-tender/

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.

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Swanzi:




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

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.

truthCoder:


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.

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

Okoroawusa:

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.

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?

Cocking:


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)

so now that der removed has it not help the value? Pls I want to understand.

Okoroawusa:

You don't know what you are talking about. $1 is about 74,500 Cedis.

lols. Me I dnt understand again o. That's not what I'm seeing on currency trends

omoadeleye:
They're trying to copy Russia

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!

Greyworld:


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.

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...