Michael Obeng Duah

Energy Enthusiast:::::::::::Construction Engineer

[Oppong Clifford Benjamin @glencliffben]

This Thursday, 23rd July, I am honoured to speak at the National Project Management Conference at the Peninsula Hotel in Big Ada.

[Michael Obeng Duah @Mike_Duah]

@Citi973 Shouldn’t it rather be an updated completion date instead of conflicting dates?

[Michael Obeng Duah @Mike_Duah]

@Citi973 This coming from CITI FM is actually petty. Schedules for major projects around the world keep changing during execution and that’s why we have schedule control. So if based on current information the completion date has been extended why make it sound like it’s conflicting?

[Michael Obeng Duah @Mike_Duah]

@pallnandi If not now then when

[Michael Obeng Duah @Mike_Duah]

@KojoManuel Are they asking of the same guy who brought professionalism into this hype MC stuff. The same one who made it attractive for these youngins to want to be a professional MC, the same guy that got people listening to Mixtape’s cos of his dexterity. I can go on and on …….

[Michael Obeng Duah @Mike_Duah]

@BarimaBlackstar @richie_alone @xdownloaderbot Nana you do all. Somebody dey talk too much for my side.

[Michael Obeng Duah @Mike_Duah]

@BarimaBlackstar @richie_alone @xdownloaderbot

[Michael Obeng Duah @Mike_Duah]

Tarkwa, Rapalloma Bay. You can have same setting over there. My buddy had a similar setting there and it was amazing.

[Michael Obeng Duah @Mike_Duah]

@Fwdeyvid @xdownloaderbot

[Michael Obeng Duah @Mike_Duah]

@kwamemoments 😂😂😂😂

[Bright Simons @BBSimons]

Two nights ago, after dinner, I took to a room full of banking regulators & international finance types, as one does, to debate.

The motion was to the effect that the "dollar isn't going anywhere soon," which is to say, its global primacy is assured, at least in the medium-term.

I was on the "Yes" side 😊🤦🏽‍♂️. (Debaters are expected to speak for their alloted side regardless of personal opinions on the subject.)

Here are some points we made:

1. A lot of people look at the currencies in central bank reserves, see that the dollar has dropped from ~70% to ~59% (whilst gold is surging) and conclude that a massive structural decline is underway.

2. This is a poor reading of history. The dollar has seen such huge declines in the past, and bounced back. In the 1930s, after the US suspended the gold standard & hiked tariffs, the dollar dropped from >60% of global reserves to ~20%. In the 70s, when Nixon nixed the Bretton Woods system, there was a ~40% drop in the dollar's share of global reserves.

3. On each occasion, the dollar bounced back to its previous level of dominance.

4. Second, and most importantly, central bank reserves are hardly the only measure of the dollar's dominance. There are several other indicators. ~88% of global fx transactions are in USD. ~75% of international debt transactions are in USD. In the fastest growing regions of the world, such as Africa & the Mid-East, ~80% of trade invoices are in USD. Etc.

5. Then there is the issue of safe assets availability. The USD treasury market is ~$20T deep. Joint EU Euro offerings are hardly $500BN.

6. Even if sentiment to ditch the dollar is growing, no power seems to have the ambition to bear the risks & costs of pushing their own currency. The US maintains massive swap lines, is fine with nearly $1T worth of banknotes in circulation outside the US, & even has large programs to replace mutilated notes.

7. The US has more capacity to absorb goods-trade deficits than any other country because of the significant scale & surplus in services trade. This is critical in being able to offer such massive volumes of notes and treasuries to overseas buyers.

8. The USD has become a global public good & has partly decoupled from US domestic fiscal trends. Despite the US' declining share of Global GDP, the dollar's preeminence in global commerce has remained stable in >25 years. China's Yuan is still barely 3% of reserves & 4.3% of global payments despite GDP expansion.

9. Another way the USD plays a global public good function is in macroeconomic anchoring. Countries making up 60% of global GDP have an implicit or direct peg to the USD for currency mgmt. Even those who use a basket of currencies end up with a portfolio that has a chained-link to the USD.

10. You might say that fiat money itself is dead. But this is where dollar - US decoupling & global public good status become even deeper. 98%+ of stablecoin capitalisation is in USD. The dollar has, thus, transcended geopolitics.

The other team won, but our team provoked the most. 😜

[Ölele Salvador🦅🇬🇭 @OleleSalvador]

👨🏾‍🍳🇬🇭🎶: Listened to this project enough to declare that this is easily one of the world’s best R&B/soul projects released this year & it’s by a Ghanaian woman; a proud Ga native at that: @Darkuaaaa 🙌🏾

If you know, you know. If you don’t, fix it🙂

🦅🇬🇭

[Michael Obeng Duah @Mike_Duah]

Na all we dey pray for 🙏🏿

[goodness @EbenEshun]

Wealth and and mental health

[Barima @BarimaBlackstar]

@kwadwosheldon your interview with @AnanzoJ is top notch. The production and line of questioning is outstanding. The video quality is superb. You keep inspiring me to do more.

[AFRO -S P I R I - T U A L I S T• @enammusic__]

AFa official film is OUT NOW 🚨
https://t.co/RlQwt3ZAdb

Don’t forget to drop a comment and share.
#afa #hadzidodushi #newalbumcomingsoon

[AFRO -S P I R I - T U A L I S T• @enammusic__]

Official film for AFa drops tomorrow 15_05-25🚨. Wokes! Let’s share this 🙏🏾

[AFRO -S P I R I - T U A L I S T• @enammusic__]

#NewProfilePic

[AFRO -S P I R I - T U A L I S T• @enammusic__]

This is your message.

New music #afa Out Now🚨

[Michael Obeng Duah @Mike_Duah]

@SeptembaDegree Important 😂😂😂😂