Now, the Governor of the Central Bank and his acolyte of pain, the - TopicsExpress

Now, the Governor of the Central Bank and his acolyte of pain, the head of financial stabilization at the Bank must honorably vacate their posts or be sacked. Since introducing the wrong headed draconian forex rules, nothing positive has happened. The cedi to the dollar was 2.3 when the magic was announced. Now after almost three months, the cedi is nearing 3 cedis to the dollar. Banks are reporting fewer forex inflows. There is more, VAT will soon be introduced on customer transactions with commercial banks all in a bid to chase a very frail and lazy economic theory- squeeze demand for forex when the problem is one of supply. Im I not dreaming though? Resign or be sacked? Not in the political lexicon in GYEEDALand.....but will be grateful when it happens..

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