The fact that one Ghana cedi, as of 3rd August 2014, could buy 29.5 US cent, while one Syrian pound could buy less than one US cent and one Ukrainian hryvnia bought only 8 US cents is positive proof that the Ghanaian economy is fundamentally strong and has bright medium term prospects despite its short-term challenges.We are working assiduously to address these in a Home Grown fiscal consolidation plan that we have already submitted to the IMF.. - Dr. Edward Omane Boamah How can you make such an inference by comparing exchange rates? One Chinese Yuan and one South African Rand could buy less than 17 US cent and 10 US cent respectively. Does this mean the Ghanaian economy is stronger than these economies? Clueless government made up of clueless ministers! No wonder we are in such a mess.
Posted on: Wed, 13 Aug 2014 04:57:44 +0000
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