Guys did u know 1USD = 4 Ghanaian Cedi?

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Jirani

Village Elder
#1
1 US Dollar equals
4.21 Ghanaian Cedi

And Yet Ghana president was not given the best African president Award..meanwhile the guy (not mentioning names) who received the award leads a country where 1 usd = 100/- . Youths are jobless resulting to ulevi, land grabbing is the norm of the day, corruption is the 2nd name of his Government. Strikes are happening here and there from Teachers, nurses, KPA workers etc. ..last bt not least...this is the best friend to the president who was given an award

ruto.jpg
 

gashwin

Village Chief
#7
correction: youths are jobless because of ulevi. I hooked up a family friend's son in a sales job where the least commissions he made in a month was 40K. He would disappear after getting his cheque and only return when he had not a coin in his pocket. hata huyo ni Uhuru?
 

kender9

Village Elder
#8
This's an excerpt from an article by an economist. For the lazy n myopic critics, read the last paragraph only.


If you import a lot, you need enough dollars to pay for these imports. Ideally, exports will give you everything you need. When exports aren’t enough—which is the situation in Kenya today-- the gap needs to be filled through other financial inflows, including remittances, private investment, and support from development partners. In Kenya, over the last six months, the share of short-term flows has increased substantially. This “footloose capital” makes Kenya even more vulnerable to shocks. It often just takes a single event – even if it is completely unrelated to Kenya – to prompt these short-term flows to leave the country as quickly as they came in. This is Kenya’s overheating engine.
A weakening Shilling is not necessarily bad for Kenya’s economy. It can help to rebalance Kenya’s economy in the medium term
 

kender9

Village Elder
#9
This's an excerpt from an article by an economist. For the lazy n myopic critics, read the last paragraph only.


If you import a lot, you need enough dollars to pay for these imports. Ideally, exports will give you everything you need. When exports aren’t enough—which is the situation in Kenya today-- the gap needs to be filled through other financial inflows, including remittances, private investment, and support from development partners. In Kenya, over the last six months, the share of short-term flows has increased substantially. This “footloose capital” makes Kenya even more vulnerable to shocks. It often just takes a single event – even if it is completely unrelated to Kenya – to prompt these short-term flows to leave the country as quickly as they came in. This is Kenya’s overheating engine.
A weakening Shilling is not necessarily bad for Kenya’s economy. It can help to rebalance Kenya’s economy in the medium term
 

Jirani

Village Elder
#11
did you know that over the last two years its one of the worst performing currencies in the world
Sielewi hi graph..pls explain..si nyiti any

correction: youths are jobless because of ulevi. I hooked up a family friend's son in a sales job where the least commissions he made in a month was 40K. He would disappear after getting his cheque and only return when he had not a coin in his pocket. hata huyo ni Uhuru?
Niunganishie hio job ya 40K minimum
 

Bus

Village Elder
#12
1 US Dollar equals
4.21 Ghanaian Cedi

And Yet Ghana president was not given the best African president Award..meanwhile the guy (not mentioning names) who received the award leads a country where 1 usd = 100/- . Youths are jobless resulting to ulevi, land grabbing is the norm of the day, corruption is the 2nd name of his Government. Strikes are happening here and there from Teachers, nurses, KPA workers etc. ..last bt not least...this is the best friend to the president who was given an award

View attachment 8518
I am saying this for the last time. The exchange rate numbers reflect not the worth of a currency.That you get 25 Uganda shillings for 1 Kenya shilling does not mean that the Kshs is stronger than the UGshs.
 

Jirani

Village Elder
#13
This's an excerpt from an article by an economist. For the lazy n myopic critics, read the last paragraph only.


If you import a lot, you need enough dollars to pay for these imports. Ideally, exports will give you everything you need. When exports aren’t enough—which is the situation in Kenya today-- the gap needs to be filled through other financial inflows, including remittances, private investment, and support from development partners. In Kenya, over the last six months, the share of short-term flows has increased substantially. This “footloose capital” makes Kenya even more vulnerable to shocks. It often just takes a single event – even if it is completely unrelated to Kenya – to prompt these short-term flows to leave the country as quickly as they came in. This is Kenya’s overheating engine.
A weakening Shilling is not necessarily bad for Kenya’s economy. It can help to rebalance Kenya’s economy in the medium term
Wewe lakini if i may ask..saizi wana diaspora wakisema washuke tuu kenya wotewote with their dollars..si tutaumia kama nchi
 

shocks

Village Sponsor
#14
This's an excerpt from an article by an economist. For the lazy n myopic critics, read the last paragraph only.


If you import a lot, you need enough dollars to pay for these imports. Ideally, exports will give you everything you need. When exports aren’t enough—which is the situation in Kenya today-- the gap needs to be filled through other financial inflows, including remittances, private investment, and support from development partners. In Kenya, over the last six months, the share of short-term flows has increased substantially. This “footloose capital” makes Kenya even more vulnerable to shocks. It often just takes a single event – even if it is completely unrelated to Kenya – to prompt these short-term flows to leave the country as quickly as they came in. This is Kenya’s overheating engine.
A weakening Shilling is not necessarily bad for Kenya’s economy. It can help to rebalance Kenya’s economy in the medium term
I like free market economies, if the regulators do their thing well. When exports are less than imports, the currency depreciates, hence making imports expensive thus reducing them and very lucrative to exporters thus encouraging them. The reverse should be true but guys like China don't allow free market to determine their currencies value
 

Jirani

Village Elder
#15
I am saying this for the last time. The exchange rate numbers reflect not the worth of a currency.That you get 25 Uganda shillings for 1 Kenya shilling does not mean that the Kshs is stronger than the UGshs.
Yes,,,hio ya UG ,,,chapa ya kenya is more stronger than UG.ata ukienda border malaba, upatie malaya mganda pesa ya kenya atakupenda haraka sana
 

Ice_Cube

Village Chief
#16
Sielewi hi graph..pls explain..si nyiti any

In 2008, the Ghanian currency was exchanging at almost 1.2 to the dollar, presently it exchanges at 4.2 to the dollar ,

The slide in terms of percentage is 3/1.2 (100) = 250%, that is massive my friend akin to the Ksh. exchanging at close to 220 bob to the dollar
 
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