Cedi stabilises after BoG regulation The value of the local currency, is bracing itself into stability barely three weeks after the Bank of Ghana (BoG) announced measures to check its fast decline against major currencies. Before the measures, one needed an average of GH¢2.40 to obtain a dollar, having started the year exchanging GH¢2.23 for the dollar on January 6. […]
Post Tagged with: "Ghana economy"
Minority- Cedi Runs Like Usain Bolt The Minority New Patriotic Party (NPP) in Parliament has asked the National Democratic Congress (NDC) administration to present a new budget for the 2014 fiscal year because of the huge dislocation in the economy engendered by the depreciating cedi.
I Command… Cedi, Arise; Cedi Resurrect Brrrr……Abracadabra But that ye may know that the son of man hath power on earth to forgive sins, (then saith he to the sick of the palsy), ‘Arise, take up thy bed and go unto thine house; And he arose and departed to his house. Matthew 9:6 ‘CETERIS PARIBUS’ (pronounced: keitaris paribas) was popular […]
Inflation shoots up to 13.8% Inflation has shot up by 0.3 percent to record a rate of 13.8 percent in January this year. This is on the back of the depreciation of the Cedi as well as increases in utility tariffs. The monthly change in the rate was however 3.9 percent. According to the Ghana Statistical Service, both food and […]
Mahama Ayariga: Gov’t Guilty of Dollarisation of Economy Government of Ghana has conceded that it has also contributed to the dollarization of the economy. It also stated that the phenomenon got entrenched as a result of the central bank’s failure to enforce necessary directives to stop it. The Bank has injected 20 million dollars into critical sectors of the economy […]
Cabinet Endorses BoG Directives To Save Cedi Cabinet has endorsed measures by the Bank of Ghana to halt the free fall of the cedi. A statement issued by Information Minister Mahama Ayariga, said cabinet Cabinet has endorsed the actions to end the dollarization of the Ghanaian economy and ultimately restore the stability of the cedi.
NDC National Women’s Organiser: Cedi Fall Due To Juju, Dwarfs The National Women’s Organiser of the governing National Democratic Congress has blamed the steep depreciation of the cedi against the dollar and other major trading currencies to black magic or juju. Anita Desooso, speaking on Adom FM Monday February 10, 2014 said the activities of magicians, who conjure up money […]
TB Joshua Predicts Economic Doom For Ghana Famous Nigerian Pastor, T.B. Joshua has asked Ghanaians to pray for the recovery of their local currency. He has also predicted frightening economic doom and downturn for Ghana. The cedi has drastically fallen in value against the dollar and other major international currencies.
Salary Increase For Public Sector Workers Likely The Minister of Employment and Labour Relations has hinted that negotiations on a minimum wage and base pay are scheduled to begin soon and end by the close of February. Nii Armah Ashietey said it is likely there will be a new wage though he said that will be contingent upon the outcome […]
Debilitating depreciation by Ato Kwamena Dadzie The signs were on the wall The cedi had started to fall The cedi, once appreciating the dollar The cedi, now depreciating against the dollar The dollar is scarce and the cedi is scared The free-fall laid bankrupt thinking bare Yet no one seemed to care Until the stench hit the roof Now the […]
Blame Bank of Ghana For Cedi Fall A member of the Finance committee in Parliament, Dr Mark Asibey Yeboah has accused the Bank of Ghana of failing to enforce the laws that could protect the Cedi from depreciating against other currencies. The New Juabeng South MP was reacting to a statement from the Central Bank directing corporate bodies, expatriates and […]
Duncan-Williams defends cedi prayer The General Overseer of the Action Chapel International (ACI), Archbishop Nicholas Duncan-Williams, has asked Ghanaians to stop politicising issues concerning the fall of the cedi and rather concentrate on contributing their quota to stabilising the depreciating currency.