tag:blogger.com,1999:blog-11894178.post4487243826291348288..comments2023-12-18T22:02:39.776+00:00Comments on Ramblings of a Procrastinator in Accra: Does the Ghanaian Cedi have Election Year Blues?Abena Serwaahttp://www.blogger.com/profile/05888021677219851484noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11894178.post-76336899405360323942012-08-05T10:48:39.710+00:002012-08-05T10:48:39.710+00:00Thanks for sharing why you think the cedi has depr...Thanks for sharing why you think the cedi has depreciated Be-Awuribe.Abena Serwaahttps://www.blogger.com/profile/05888021677219851484noreply@blogger.comtag:blogger.com,1999:blog-11894178.post-38709949608037386552012-08-04T00:49:17.539+00:002012-08-04T00:49:17.539+00:00Please i made few typo mistakes and readers should...Please i made few typo mistakes and readers should take note. They include : joth instead of both, good instead of goid, would instead of wiuld, depreciated instead of deprecuated,both not noth etcBe-Awuribehttps://www.blogger.com/profile/12724735678179073938noreply@blogger.comtag:blogger.com,1999:blog-11894178.post-52576690672208160982012-08-04T00:42:09.020+00:002012-08-04T00:42:09.020+00:00Capital flight, depreciation of the cedi and many ...Capital flight, depreciation of the cedi and many others have joth positive and negative implications. When there is depreciation of the cedi, export prices become goid and prices were for exports become favourable. If we had had a stong manufacturing base, and a vibrant export market, we wiuld have been smiling all the way to the markets. That is why US was pressuring China to revalue their currency and compplains of cheap Chinese exports. On the other hand a depreciating cedi increases cost of imports for both the raw materials for manufacturing and finished products. <br />A deprecuated cedi i think is as a result of hedging by noth local and foreighn investors becos of the increased electoral temperature ochesterated by an Opposition flagbearer who seem unrepentants if his threats of all die be die even against wise counsel by all well meaning Ghanaians. We must all reject these war mongers and their party. I guest ti a large extent, it was deliberate to get a campaign message since all the micro and macro economic indicators have all proven to be stronger than when they were in Government. So desperate we they that they begun doughting the State Institutions and yheir methodologies they have been using for decades. Tjis is the real story my sisterBe-Awuribehttps://www.blogger.com/profile/12724735678179073938noreply@blogger.comtag:blogger.com,1999:blog-11894178.post-49961745420051374162012-04-29T20:19:47.833+00:002012-04-29T20:19:47.833+00:00Wow, that is very interesting! For the reasons you...Wow, that is very interesting! For the reasons you've mentioned and many others I am really beginning to feel that I am missing out on being away from Ghana in this exciting political year. Anything could happen!Maya Mamehttp://mayasearth.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-11894178.post-31507661695038233472012-04-29T11:19:21.412+00:002012-04-29T11:19:21.412+00:00@Maya Mame, something else I've noticed is tha...@Maya Mame, something else I've noticed is that perceptions in the Ghanaian political terrain have changed considerably in 4 years. A perfect example is what I heard a panelist on JoyFM's Newsfile show repeat yesterday. In just 4 years, the perceived "violent [political] party tag" has actually shifted from one party to another. Boggles the mind.Abena Serwaahttps://www.blogger.com/profile/05888021677219851484noreply@blogger.comtag:blogger.com,1999:blog-11894178.post-10911427790676827302012-04-29T09:44:19.457+00:002012-04-29T09:44:19.457+00:00@Maya Mame *LOL* So it would appear based on the g...@Maya Mame *LOL* So it would appear based on the graph. However, there are so many other factors to consider such as the fact that the electoral roll is changing for the better supposedly...Not sure how oil, confidence in the present administration, perceptions of the opposition NPP, the role of the Rawlingses will factor in. Its all up in the air...Abena Serwaahttps://www.blogger.com/profile/05888021677219851484noreply@blogger.comtag:blogger.com,1999:blog-11894178.post-20004953299645734112012-04-28T20:35:24.956+00:002012-04-28T20:35:24.956+00:00Interesting point, Abena!
I am no economist, nor ...Interesting point, Abena!<br /><br />I am no economist, nor a politician. The only thing I notice from this graph is that 2004 was the only election year where the ruling party retained power. If that is any indicator I guess it would mean we're heading for a change of government at the end of this year...Maya Mamehttps://www.blogger.com/profile/12285625732016505054noreply@blogger.com