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The USDGHS increased 0.0200 or 0.31% to 6.4400 on Tuesday February 15 from 6.4200 in the previous trading session.
https://tradingeconomics.com/ghana/currency
6 Comments-
Countries with weak economic fundamentals, such as chronic current account deficits and high rates of inflation, generally have depreciating currencies. Currency depreciation, if orderly and gradual, improves a nation’s export competitiveness and may improve its trade deficit over time. But an abrupt and sizable currency depreciation may scare foreign investors who fear the currency may fall further, leading them to pull portfolio investments out of the country. These actions will put further downward pressure on the currency.
Easy monetary policy and high inflation are two of the leading causes of currency depreciation. When interest rates are low, hundreds of billions of dollars chase the highest yield. Expected interest rate differentials can trigger a bout of currency depreciation. Central banks will increase interest rates to combat inflation as too much inflation can lead to currency depreciation.
The current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as foreign aid, although these components make up only a small percentage of the total current account. The current account represents a country’s foreign transactions and, like the capital account, is a component of a country’s balance of payments (BOP).
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The Cedi is currently projected to depreciate to 7.03 to the Dollar by years end. Clearly E-Levy\’s and other supposed economic public policy panaceas are not impressing the Foreign Direct Investors and International Financial Institutions that the neocolonialist government panders to on the world stage.
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Alternative economic public policy strategy: Dsr [To Free, Separate, Dissociate, Delink]
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Considering that it would involve convincing the neocolonial vassals to take up the alternative, is it feasible considering the processes that place them in those positions?
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The assumption that I think your making is that when I say delink, I am speaking of attempting to convince them of the error of their ways. I am not. Lunatic elites must be ‘eliminated’ during or immediately after a ‘seizure’ of power. The Black colonialist comprador lunatic elite that currently manages the neocolonial nation-states of Afrika will not and can not be apart of a corrective course of action. There is not bloodless path to the restoration of mAat, to national liberation.
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I agree
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