The exchange rate is $1 = 10.89 cedis. The title of this thread is misleading. Cedis is by far stronger than naira

Good for them

NgeneUkwenu:
Just few months back, Ipob vandals were all over the place, praising Ghana and cursing their country.

Useless bunch of kanu urine drinkers.

Are you from Uburu? That's the name of the highest diety in Uburu.

It seems some anti progressive forces just want to make the somewhat undecerning minds to think Nigeria is doing any much better than forward looking african countries! Including Ghana! If we don’t stop unhealthy reporting and rethorics, Haiti and Somalia might just be our only next comparison.

scrupulousblog:
The exchange rate is $1 = 10.89 cedis. The title of this thread is misleading. Cedis is by far stronger than naira

You are so right!!

Iriruaga100:


Since you don’t understand that Ghana’s exchange rate is cosmetics. Who have a better purchasing power between Naira and Cedis?

No need of argument just Google it with your phone bro

[quote author=seunayantokun post=117653335][/quote]

To educate una go hard o! 1000 Naira will get you more goods and commodity in Nigeria than in Ghana. A Ghanaian with 25 Cedis wil get lesser goods in Ghana but if he takes his 25 Cedis to Nigeria he will get much goods than he did in Ghana.
In essence, the Naira have good purchasing power than the Cedis.

We need to fight all this politicians and hold them accountable than supporting them, men! they have destroy this nation

Our economy is zero and some are here looking for a way to praise wicked evil Nigerian leaders

Our leaders are so heartless and incompetent

One thing I noticed about some part of Nigerians is that, the more you try make them to understand how thier incompetent leaders have done to the economy, the more you becomes thier enermy

No mind that mumu, him and the other one. Maybe he never see banku and Kenkey chop. He might not even have data sef

Iriruaga100:
Where Petrodollar go sef. When the fundamentals are weak the exchange rate will expose you. Like Buhari, Akufo Addo is super incompetent.

Iriruaga100:


To educate una go hard o! 1000 Naira will get you more goods and commodity in Nigeria than in Ghana. A Ghanaian with 25 Cedis wil get lesser goods in Ghana but if he takes his 25 Cedis to Nigeria he will get much goods than he did in Ghana.
In essence, the Naira have good purchasing power than the Cedis.

So if Ghana person carry 1k cedis and me carry 1k naira to U.S mean naira will do more than the Ghana own is U.S after exchange to dollar?
Bro we are talking about dollar here not about what the money will buy in Ghana and stop confusing urself, what the op mentioned is dollar to cedis

WibusJaga:
.

Famous Quotes of the Century:

You forgot this one below

wiseone28:
You are displaying your ignorance cos you don't want to learn

If you are holed up in ignorance then prepare to pay expensively for it. It's dangerous to see and hear only what you want.

Iriruaga100:


To educate una go hard o! 1000 Naira will get you more goods and commodity in Nigeria than in Ghana. A Ghanaian with 25 Cedis wil get lesser goods in Ghana but if he takes his 25 Cedis to Nigeria he will get much goods than he did in Ghana.
In essence, the Naira have good purchasing power than the Cedis.

God bless you my brother, in Nigeria, some one can earn 500k,let them go to Ghana and earn 2000GC, Naira is stronger and has more purchasing power than Ghana Cedis!

Yet 1 Ghana cedie = #40, and we Nigerians get mouth to blast Ghana. Also,1 USD = 12 Ghana cedie. So which currency fairs better globally?

sreamsense:
Biafrans who normally use mouth to run economy of yet to acheive biafra should learn from this, theory is different from practical. They will be using mouth to form alliance with yorubas when they acheive biafra without minding if yorubas will close its border to that imaginary biafra nation

How will Biafra need any part of Yorubaland
When the seaports are functioning, what will connect light and darkness?!

GooErubs:
Yet 1 Ghana cedie = #40, and we Nigerians get mouth to blast Ghana. Also,1 USD = 12 Ghana cedie. So which currency fairs better globally?

Don't mind the foolish pple defending nonsense

But why Ghana go remove performing president?

Under Jonathan we could have easily lent $3b to Ghana instead of this IMF forced devaluation
Buhari na curse sha

inoki247:
Anytime people say Ghana is better than Nigeria I feel like giving the person a dirty slap.....


As at Today derr petrol is selling at 12.74 almost 900...


And you say Nigeria worst d way dere Dollar dey jump sef I no understand na per minute....

No be rate wey u buy dollar for morning u go buy am for night which kain Inflation be that.....

Wetin still sell for 11.95 this morning right now is selling at 12.47 which kain Inflation b dat...



I believe Africa is cursed with bad leaders na only to dey speak accent dat Ghana president sabi...


At least Nigeria can still lie say na Over population buh what abt all this small countries...

apart from Cefa wey dey du strong head wey no gri crash buh see Cedis na him worst pass right now..

Africa lost it the day they allowed the West engineer Libyans to kill Ghadafi. He saw the future that could liberate AFRICA but other African leaders are Western Ass-lickers.

Until Africa resolves to develop itself by ourselves, most African economies will remain stagnant.

Iriruaga100:


Nor dey display your ignorance for public forum. Ghana took off four zeros from their currency in 2007. The true value of the Cedis is 125000 to 1$ right now.
Soludo almost redenominated the Naira when he was CBN governor.
What you see is cosmetic exchange rate.

Why was Soludo stopped from redenominating the Naira?!

MoneyMustBMade:


So if Ghana person carry 1k cedis and me carry 1k naira to U.S mean naira will do more than the Ghana own is U.S after exchange to dollar?
Bro we are talking about dollar here not about what the money will buy in Ghana and stop confusing urself, what the op mentioned is dollar to cedis

Let me explain it to you like this, it is very easy to get 1k naira but it is not easy to get 1k ghana cedis, let go this way again, my salary in Nigeria is 200k naira but in Ghana with the same job, it is 1000ghana cedis,
With your explanation, I can easily get 5000naira daily in Nigeria but my one month salary is 1000Ghana cedis! So you can’t just say if you take 1k naira and 1k Ghana cedis to US, I guess you understand?

MoneyMustBMade:


So if Ghana person carry 1k cedis and me carry 1k naira to U.S mean naira will do more than the Ghana own is U.S after exchange to dollar?
Bro we are talking about dollar here not about what the money will buy in Ghana and stop confusing urself, what the op mentioned is dollar to cedis

Your 1k Cedis value is 10000000, while 1000 Naira is 1.42 dollars. So the true value of the 1000 Cedis is 0.0000008 dollars.
You get these values when your exchange rate is cosmetics.

I just shake my head at people who dare compare Ghana to Nigeria. The bad thing is their whotlike cedi is even useless outside ghana

kestolove95:
Naira Don get money wey him strong pass

most of you are olodos. Naira has always been stronger than cedis. Ghana redominated their money. However Naira has always had higher purchasing power than cedis.

Iriruaga100:


To educate una go hard o! 1000 Naira will get you more goods and commodity in Nigeria than in Ghana. A Ghanaian with 25 Cedis wil get lesser goods in Ghana but if he takes his 25 Cedis to Nigeria he will get much goods than he did in Ghana.
In essence, the Naira have good purchasing power than the Cedis.

Instead of living in the limitations of your shell, move out to get further information from Nigerian people, banks and businesses that are in Ghana.

NgeneUkwenu:
Just few months back, Ipob vandals were all over the place, praising Ghana and cursing their country.

Useless bunch of kanu urine drinkers.

MNK is 1000 times greater than your térrorist mohaMAD, may pig be upon him

seunayantokun:


Instead of living in the limitations of your shell, move out to get further information from Nigerian people, banks and businesses that are in Ghana.

I have real time statistics from both countries.

Too many educated illiterates in dis forum. For many, the hatred of anything Naija has turned into utter stupidity.

If Nigeria CBN re-dominate or 'window-dressed' the Naira simply by knocking off four zeros as Ghana did in July of 2007, our N1000 will become N0.1 (10 Kobo).

What most Nigerians do not know is that 1 Ghanian cedi (GHc) is actually 1000 cedis, when one factors in the 2007 'window dressing' of the cedis by Ghana Central Bank.

As per International currency exchange market:

US$1 = N435.6 , hence if Nigeria CBN knocks off four zeros that'll be US$1 = N0.4356 or 43.56 Kobo
US$1 = 10.95 GHc (with window dressing) = 109, 500 cedis

Actually, 1 GHc = N0.003978 or 1000 cedis = N39.78

Most are fooled into thinking the cedi is stronger than Naira. Naira no be cedis mate by a long stretch.

https://www.pwc.com/gh/en/publications/redenomination-of-the-cedi.html

Hmmm..... borrowing from IMF or World Bank is like borrowing from Satan. Draconian conditions come with IMF loans .... devaluation of currency... that is now in effect .... freezing of Public Sector salaries and selling off of government assets.... this is just the beginning of the end.

Iriruaga100:


I have real time statistics from both countries.

Kindly do more and get credible information.

NgeneUkwenu:
Just few months back, Ipob vandals were all over the place, praising Ghana and cursing their country.

Useless bunch of kanu urine drinkers.

may God punish you for this stupid statement

voltron14:
Africans should invest in production and self sustenance.

Really? But a certain person said he wil remove restrictions from imports