• About
  • Privacy Policy
  • Advertise
  • 0572494221
Thursday, January 21, 2021
  • Login
MarinaffRadiio
marinaff radio
ADVERTISEMENT
  • Home
  • News
    • All
    • Local News
    • Politics
    • World news
    GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

    GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

    Mahama files fresh motion

    Mahama files application to halt election petition hearing until ………

    Election petition: Supreme Court outlines roadmap for trial

    Election petition: Supreme Court outlines roadmap for trial

    Joe Biden is sworn in as president and says ‘it’s a new day in America’

    Joe Biden is sworn in as president and says ‘it’s a new day in America’

    Speaker of parliament directs all MP’s to go for test

    Speaker of parliament directs all MP’s to go for test

    Uphold the sanctity and integrity of the 2020 Presidential and Parliamentary elections- Jerry John Rawlings

    Rawlings’s funeral takes another twist

  • Business
  • Politics
  • Health
  • Education
  • Showbiz
  • Sports
  • Technology
  • Lifestyle
    New Research – Men cheat for intimacy, women cheat for sex

    New Research – Men cheat for intimacy, women cheat for sex

    Gynaecologist urges women not to remove their pubic hair

    Gynaecologist urges women not to remove their pubic hair

    Use this Natural solution for snoring

    Use this Natural solution for snoring

    Use the following steps to treat Gonorrhea at home .

    Use the following steps to treat Gonorrhea at home .

    Use these methods to Boost Your Manpower Stability Naturally

    Use these methods to Boost Your Manpower Stability Naturally

    See the spiritual side of Neem tree that will help you resist hard luck,Evil plot and poverty

    See the spiritual side of Neem tree that will help you resist hard luck,Evil plot and poverty

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
  • Home
  • News
    • All
    • Local News
    • Politics
    • World news
    GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

    GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

    Mahama files fresh motion

    Mahama files application to halt election petition hearing until ………

    Election petition: Supreme Court outlines roadmap for trial

    Election petition: Supreme Court outlines roadmap for trial

    Joe Biden is sworn in as president and says ‘it’s a new day in America’

    Joe Biden is sworn in as president and says ‘it’s a new day in America’

    Speaker of parliament directs all MP’s to go for test

    Speaker of parliament directs all MP’s to go for test

    Uphold the sanctity and integrity of the 2020 Presidential and Parliamentary elections- Jerry John Rawlings

    Rawlings’s funeral takes another twist

  • Business
  • Politics
  • Health
  • Education
  • Showbiz
  • Sports
  • Technology
  • Lifestyle
    New Research – Men cheat for intimacy, women cheat for sex

    New Research – Men cheat for intimacy, women cheat for sex

    Gynaecologist urges women not to remove their pubic hair

    Gynaecologist urges women not to remove their pubic hair

    Use this Natural solution for snoring

    Use this Natural solution for snoring

    Use the following steps to treat Gonorrhea at home .

    Use the following steps to treat Gonorrhea at home .

    Use these methods to Boost Your Manpower Stability Naturally

    Use these methods to Boost Your Manpower Stability Naturally

    See the spiritual side of Neem tree that will help you resist hard luck,Evil plot and poverty

    See the spiritual side of Neem tree that will help you resist hard luck,Evil plot and poverty

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
MarinaffRadiio
No Result
View All Result
Home Business

we are running flexible exchange regime- Dr. Mahamadu Bawumia

August 25, 2020
in Business
2 min read
0
we are running flexible exchange regime- Dr. Mahamadu Bawumia

DR. BAWUMIA

0
SHARES
84
VIEWS
Share on FacebookShare on Twitter

 

Dr. Mahamadu Bawumia justifies that when he said that when your fundamentals are weak it will expose you, but in reality it has not exposed the N.P.P administration.

Speaking on Peace FM’s flagship programme dubbed “Kokrokoo” on Tuesday, 25th August, as monitored by this portal he said that, the country is running flexible exchange rate regime so the exchange rate will move according to the market forces but fundamentally the exchange rate is going to be determined by your inflation rate. If you have high inflation you will get higher depreciation, and if you have lower inflation you will have lower depreciation and that is the fundamental.

So when he said they will arrest the Cedi is not that they are going to lock it at one rate but essential ally lock it within the range of the fundamentals such that the lower inflation rate will produce lower depreciation. According to him from 2013-2016, the exchange rate was depreciating at 18% on average and when N.P.P assumed power in 2016-2019 is 8.7% on average because we’ve come down to 2% ,but we have 18% against 8% so his administration has reduced more than 50%  by rate of the depreciation of the currency.

Looking at the rate where the currency was under the N.D.C., when they were in power in 2009, the currency in terms of the dollar to cedi it was one dollar to one cedi but by the time they left office it was 4 dollars to one cedi so it was quadrupling of the nominal rate. So when they came to meet the 4 dollars to 1 cedi if they quadrupled it will have been 16 but we are not at almost 6 cedi’s to a dollar, but when you talk about depreciating rate of exchange rate of about 8% on the average and you are having inflation around 10% you have really performed well because the exchange rate is consistent with the fundamentals.

Kwame Sefa Kayi referred him to his popular saying “if the fundamentals are weak the exchange rate will expose you” so at this point is the fundamentals are strong enough, Dr Bawumiah replied by saying that if it’s not strong enough we are in election year and we are in the month of August, and you have a depreciation of the currency of just around 2% is very remarkable and let’s hope it stays that way.

 

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)

Like this:

Like Loading...

Related

admin

admin

Related Posts

Business

President Akuffo Addo wins an award

January 18, 2021
Liberty House Branch of the Ghana Commercial Bank will not be opened for business from Monday, 30th November 2020 until further notice. – Emmanuel Kojo Kwarteng, Head of Corporate Affairs
Business

Ghana Commercial Bank is not behind this fraudulent scheme

December 21, 2020
The critical decisions that we take will be judged by posterity – Dr Ernest Addison
Business

The critical decisions that we take will be judged by posterity – Dr Ernest Addison

December 20, 2020

  • Trending
  • Comments
  • Latest
UPDATE OF 200 CERTIFIED PRESIDENTIAL RESULTS OUT OF 275 CONSTITUENCIES. CHECK WHO IS LEADING

UPDATE OF 200 CERTIFIED PRESIDENTIAL RESULTS OUT OF 275 CONSTITUENCIES. CHECK WHO IS LEADING

December 8, 2020
(Audio) He is destined to lead this nation for two terms -Is it John Mahama or Akuffo Addo?Apostle Dirl King Airl Mashall tells the spiritual aspect of our presidency

( PROPHECY) God gives great warning to John Mahama and why N.P.P. nearly lost the elections-Apostle Dirl King Airl Marshall (listen to full audio)

December 16, 2020
Chairman Wontumi slams Kwame Tanko of Angel Fm and reveals seceats about him

Chairman Wontumi slams Kwame Tanko of Angel Fm and reveals seceats about him

December 15, 2020
GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

0
Valco

GRIDCo disconnects power to VALCO over US$30m debt

0

Explosion of Premix fuel kills 3, 5 injured in Elmina

0
GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

January 21, 2021
Luis Suarez banned from joining four clubs

Luis Suarez banned from joining four clubs

January 21, 2021
The least common symptoms of coronavirus you might not know

The least common symptoms of coronavirus you might not know

January 21, 2021

Tweets

Recent News

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

January 21, 2021
Luis Suarez banned from joining four clubs

Luis Suarez banned from joining four clubs

January 21, 2021
The least common symptoms of coronavirus you might not know

The least common symptoms of coronavirus you might not know

January 21, 2021
Mahama files fresh motion

Mahama files application to halt election petition hearing until ………

January 21, 2021
MarinaffRadiio

Marinaff Radio's mission is to provide a trusted source of information, music and entertainment for curious and thoughtful people in efficient, sustainable.

Follow Us

Browse by Category

  • Africa
  • Business
  • Education
  • Health
  • Lifestyle
  • Local News
  • Music
  • News
  • Politics
  • Religious news
  • Showbiz
  • Sports
  • Technology
  • top story
  • Uncategorized
  • World news

Recent News

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

GHANA ARMY NOT PROVIDING COVER FOR ILLEGAL MINERS ANYWHERE

January 21, 2021
Luis Suarez banned from joining four clubs

Luis Suarez banned from joining four clubs

January 21, 2021
  • About
  • Privacy Policy
  • Advertise
  • 0572494221

©Copyright 2020 Marinaff Radio - All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Showbiz
  • Health
  • Sports
  • Tech
  • Lifestyle

©Copyright 2020 Marinaff Radio - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Open chat
%d bloggers like this: