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Ghana Currency Achieves Single Digit Value Against The Dollar - Politics - Nairaland 5v2b5h

Ghana Currency Achieves Single Digit Value Against The Dollar (2828 Views)

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guobe: 5:07am On May 31
I think this is quite impressive as the Ghanian currency cedis is in hot pursuit of the dollar as 1 dollar is equivalent to 9 Ghana cedis.
I also heard Yahoo boys are now flooding Ghana to bomb 💣 too.

2 Likes

Didijiji: 5:17am On May 31
And the cone headed man will be there speaking English with over confidence whilst the our own is heated at triple value.

Na so dem build lagos

36 Likes 4 Shares

DatIgalaDude: 5:18am On May 31
God abeg, who do Nigeria?
Cordoso, go and learn from this people.
We need to humble ourselves and ask Ghanians what they are doing right.

27 Likes 1 Share

Coder2Client(m): 5:22am On May 31
Is there anything wrong in redominating naira?

2 Likes

guobe: 5:22am On May 31
DatIgalaDude:
God abeg, who do Nigeria?
Cordoso, go and learn from this people.
We need to humble ourselves and ask Ghanians what they are doing right.
Exactly bro.its absolutely madness to exchange 1 dollar for 1,600 naira.

18 Likes

DatIgalaDude: 5:23am On May 31
guobe:

Exactly bro.its absolutely madness to exchange 1 dollar for 1,600 naira.
Better madness

12 Likes

guobe: 5:23am On May 31
Didijiji:
And the cone headed man will be there speaking English with over confidence whilst the our own is heated at triple value
Doesn't make sense what they are doing with our currency.

6 Likes

Toosure70: 5:25am On May 31
DatIgalaDude:
God abeg, who do Nigeria?
Cordoso, go and learn from this people.
We need to humble ourselves and ask Ghanians what they are doing right.
no magic bro, Ghana is one of the major supplier of palm oil to Nigeria. Nigeria keep importing pineapples, cherry (agbalumo) and other foods from cotonu

5 Likes

guobe: 5:28am On May 31
Toosure70:
no magic bro, Ghana is one of the major supplier of palm oil to Nigeria. Nigeria keep importing pineapples, cherry (agbalumo) and other foods from cotonu
My friends in America and UK say you see made in Ghana products in supermarkets abroad and you can hardly see made in Nigeria products there.

11 Likes

thesicilian: 5:29am On May 31
Commendable, I'm impressed. But you do also realize that exchange rate does not necessarily equal purchasing power parity?. As in, even if 1 Ghana cedis is = 1 dollar, it doesn't mean they both have the same economic value in both countries?

24 Likes 5 Shares

guobe: 5:30am On May 31
thesicilian:
Commendable
Absolutely
MaziObinnaokija: 5:34am On May 31
cool. ALL WILL BE WELL

1 Like

guobe: 5:36am On May 31
MaziObinnaokija:
cool. ALL WILL BE WELL
Lol when
Hezzyluv: 5:42am On May 31

1 Like

Didijiji: 5:45am On May 31
guobe:

Doesn't make sense what they are doing with our currency.
they are clueless

5 Likes

guobe: 5:46am On May 31
Didijiji:
they are clueless
I don't really know the benefit of having a currency of that kind of exchange.
Maybe there is something they are not telling us.
guobe: 5:47am On May 31
Hezzyluv:
Tinubu, you can go to Ghanian president for a lunch, then you guys should discuss about governance afterwards. Perhaps, there will be more improvement.
Lol abi
MaziObinnaokija: 5:48am On May 31
guobe:

Lol when
RELAX cool

2 Likes

guobe: 5:48am On May 31
MaziObinnaokija:
RELAX cool
Ok o
mytime24(f): 6:02am On May 31
Africa giant left d WhatsApp group 🧐

12 Likes 1 Share

Peakdesign23(f): 6:06am On May 31
Meanwhile, Nija still dey backward for everything. Mtcheew.....

5 Likes

Ofunaofu: 6:13am On May 31
This is the essence of true economic reform, delivering measurable results without imposing undue hardship on the citizenry.

Tinubu, Wale Edun, Cardoso, and others who claim to have made Lagos what it is today must acknowledge that their policies have contributed to the collapse of the naira and the crash of the Nigerian economy in just two years. They owe Nigerians an apology and must be willing to set aside their pride. It may be wise for them to seek guidance from Ghana’s leadership, whose approach to economic reform offers valuable lessons in balancing progress with comion.

What has been imposed on Nigerians in the name of reform has been anything but, a series of harsh, poorly conceived policies that have led to widespread hardship, strife, hunger, and rising insecurity.

7 Likes

Oxb90: 6:14am On May 31
A country that is telling itself the truth.

5 Likes

tolugar: 6:17am On May 31
And somehow, someone in Nigeria won CBN governor of the year in the whole of Africa. 😂


I knew it was rigged.


Anyway sha, the higher the dollar the better for me

16 Likes 1 Share

SocialFinance: 6:37am On May 31
Add 0000 to the single digit of cedi

That's the time you can compare it to Naira

Always looking for way to talk down on their country.

Hezzyluv:
Tinubu, you can go to Ghanian president for a lunch, then you guys should discuss about governance afterwards. Perhaps, there will be more improvement.

See gala seller aka school na scam

guobe:

My friends in America and UK say you see made in Ghana products in supermarkets abroad and you can hardly see made in Nigeria products there.

They plenty, I tell you. Say the truth you and your friend never reach airport before

8 Likes 3 Shares

Myrepublic(m): 6:39am On May 31
Do anything good come of APC,No is the answer. All they know is propaganda and OBI/OBEDIENTS.

Buhari and his s..ens. e.less followers said PDP was their problem,now BAT and his ,are saying OBI and OBEDIENTS are the reason why they lie and loot . And the sen.. less followers and defenders can't even afford three square meal a day.

7 Likes

Amotolongbo(f): 6:41am On May 31
Ok
brain54(m): 6:44am On May 31
guobe:

My friends in America and UK say you see made in Ghana products in supermarkets abroad and you can hardly see made in Nigeria products there.

Ask your American friend what those made in Ghana products are...

That are found in American supermarkets.

To prevent the spread of false narratives.

Apart from gold, Cocoa which they are a major world supplier,palm oil and the other "natural" resources they export Ghana doesn't produce anything significant talkless of exporting them. I am talking of finished processed goods.

Ghana's economy is import dependent even more than the Nigerian economy.

A small nation that depends on other countries even for her food needs.

I believe Nigeria that is technically at war- bokoharam and with many security challenges etc still produce more food to meet local consumption compared to Ghana!

10 Likes 2 Shares

obi4eze(m): 7:11am On May 31
Nigeria, see una mate na.

1 Like

davillian(m): 7:17am On May 31
thesicilian:
Commendable, I'm impressed. But you do also realize that exchange rate does not necessarily equal purchasing power parity?. As in, even if 1 Ghana cedis is = 1 dollar, it doesn't mean they both have the same economic value in both countries?
that one no concern us let #1 = $1
and leave the rest to us ..

2 Likes

HenryThegreat1(m): 7:19am On May 31
Why the terrible president of Nigeria is pushing his own achievement on newspaper

3 Likes

Obaaderemi2: 7:23am On May 31
brain54:


Ask your American friend what those made in Ghana products are...

That are found in American supermarkets.

To prevent the spread of false narratives.

Apart from gold, Cocoa which they are a major world supplier,palm oil and the other "natural" resources they export Ghana doesn't produce anything significant talkless of exporting them. I am talking of finished processed goods.

Ghana's economy is import dependent even more than the Nigerian economy.

A small nation that depends on other countries even for her food needs.

I believe Nigeria that is technically at war- bokoharam and with many security challenges etc still produce more food to meet local consumption compared to Ghana!


You talk about Ghana exporting gold Palm oil and other natural resources. What does Nigeria export other than crude oil? Ghana is also one of the largest exporters of cocoa.
Nigeria used to be among the largest exporters of cocoa and palm oil. Where are we today?

6 Likes

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