A K O O T E B R Ɔ F O

🤞🏾

[A K O O T E B R Ɔ F O @akootebrorfo]

@NtimFordjour What foolish man you are. You are a disgrace to the neck collar you wear. You lie, you cheat, you falsify and fabricate. When you are asked to produce evidence, you shrink like the coward you are. Then come back on social media and choose to be stupid for no reason. Gyimi akɔdaa

[A K O O T E B R Ɔ F O @akootebrorfo]

@DennisMiracles Yeah and we kicked those braggarts out of government. We thank God every day for that and pray he forbids another NPP government

[A K O O T E B R Ɔ F O @akootebrorfo]

@DrJJZaato This is what happens when idiots are platformed. They can’t fathom that common sense is an option too. You are such a disgrace and disappointment to academia

[Gary Al-Smith @garyalsmith]

ChickenMan jollof wey we dey buy as a last resort? E be ein wey you submit for national assignment? Kmt.

[A K O O T E B R Ɔ F O @akootebrorfo]

@thenanaaba @S_OkudzetoAblak Shameless Opportunistic Leech

[A K O O T E B R Ɔ F O @akootebrorfo]

@Shac_man_ 100% done? Wonitwasidi wate. It’s on the road to NJMA and I pass by it everyday to work. They’ve not even done plastering you wannabe convulsing bafoon.
Wo kwasianim sɛ prɛko adjanan. After all the money they assigned for that hospital, half of it stolen, and u wanna chat this?

[A K O O T E B R Ɔ F O @akootebrorfo]

@Joy997FM Own goal sei? 😂😂😂

[A K O O T E B R Ɔ F O @akootebrorfo]

@NanaKAbabio Foolish idiot.

[A K O O T E B R Ɔ F O @akootebrorfo]

@DrKwabenaAgyen Moagyimi oooo. You think this is something enlightened people will fall for? Go to your yard o. They are clueless enough to believe you but for these streets, we deal in facts and honesty.

[A K O O T E B R Ɔ F O @akootebrorfo]

@Joy997FM Hena na ɔtwa oil every three weeks? Adɛn oil no kye nkyenam wɔ engine no mu anaa? That’s an NPP branch executive by the way. Each speaker was given 300 cedis and audience 100 cedis wai. This theatre is typical NPP in and out of office

[A K O O T E B R Ɔ F O @akootebrorfo]

@Joy997FM You will not get cheap produce to buy in Kdua cos bayerɛ, ntose, gyene, mɛko and all the other queens will not allow any produce that will sell below their quoted price to offload in their markets. Take your journalists to Kdua Central Market to go and find out. Nsemhunu nkoaa o

[A K O O T E B R Ɔ F O @akootebrorfo]

You will not get cheap produce to buy in Kdua cos bayerɛ, ntose, gyene, mɛko and all the other queens will not allow any produce that will sell below their quoted price to offload in their markets. Take your journalists to Kdua Central Market to go and find out. Nsemhunu nkoaa o

[Joy 99.7 FM @Joy997FM]

“We will say a lot if we keep talking about this one year of President Mahama. I don’t sell or buy in dollars, I trade in cedis. Whether the dollar goes up or down doesn’t affect me. People are not buying, and I’ve taken a lot of loans

— Trader at the People’s Forum

#JoyNewsFocus || #JoyDigital

[A K O O T E B R Ɔ F O @akootebrorfo]

@Joy997FM You price your items ridiculously and are shocked when people turn to different alternatives? Yesterday I went to buy onions in my area and the first woman had 3 for 10 cedis and the other 5 for 10 cedis. Guess who I bought from and guess who got an extra onion as ntosoɔ

[A K O O T E B R Ɔ F O @akootebrorfo]

@Joy997FM They don’t lie proportionally. They always have to go the extra ridiculous. You go to Koforidua to assemble your branch executives to malign the government hoping that what? You’re a fool to think what didn’t work for you in power will suddenly work in opposition. Tiwui mentality

[A K O O T E B R Ɔ F O @akootebrorfo]

@LifeOfBoch Onside

[A K O O T E B R Ɔ F O @akootebrorfo]

@SecRubio How is this different from the Coups that happen all around the world? How is this different from the Russian and Israeli invasion? All this because of another country’s oil. Tf do you mean you are going to run another country? Corrupt Assholes

[A K O O T E B R Ɔ F O @akootebrorfo]

@my_berko @BBSimons He won’t mind you now that he has realized he can’t label you a partisan hack to dodge hard questions. In the last couple of months, I chanced upon a court case (allegedly sued for intellectual property theft and defeated) about him that exposed how intellectually dishonest he is

[A K O O T E B R Ɔ F O @akootebrorfo]

He won’t mind you now that he has realized he can’t label you a partisan hack to dodge hard questions. In the last couple of months, I chanced upon a court case (allegedly sued for intellectual property theft and defeated) about him that exposed how intellectually dishonest he is

[berko @my_berko]

@BBSimons FEVD insights for nuance. I’d appreciate if you share the same data for data consistency and robust testing of both methodology.
I’d gladly share the results for further discussion after. Why not ?

[A K O O T E B R Ɔ F O @akootebrorfo]

Same points that were debunked there? In these past few months, you shown yourself to be a dirty little liar. And the facts about how you operate has proven so. Engineer says no hard feelings even though. The defeat in court and your colossal failure are enough punishment

[Bright Simons @BBSimons]

1. The thing with Newsfile is that it activates an audience that generally don't read our essays or even posts here.

2. That's great but it is a primetime show so time is limited and many of the things that we have discussed at great length and carefully in our essays don't get airing.

3. The trick, I guess, is to use the attention Newsfile brings to get more people to know more about the issues we are working on.

4. In case, you only got interested in these issues because of Newsfile, here are two articles that explain WHY some of us have been talking about GoldBod.

This one explains very clearly how the losses came about:
https://t.co/iLCtb7FvbA

This one advises against trying to paper over the losses: https://t.co/GENGt18Oil

5. For those who think we just sprang up and started "criticising" the GoldBod, you can read our concerns before it started operating here:
https://t.co/Kes5oyRDxF

6. Some of the issues we are facing now originates from some confusion in how GoldBod was structured from the start. Mixing the regulatory, policy, and commercial logics up will continue to create some serious tensions worth keeping an eye on.

7. If you want to understand our "problem" in a nutshell before you even bother reading, fine, I am attaching a few infographics that should simplify the "Gold for Reserves" program that GoldBod inherited and is now running under its model.

8. First, we needed to establish that there were REAL losses because our analysis flows from that point. I have attached the "flow-sequence" from the first article that shows that "losses are inherent" in how GoldBod's trades are structured. Try and internalise it.

9. Second, it is important to realise that if the original GoldBod model of trading on its own balance sheet starts, losses like that would erode the capital of GoldBod. GoldBod itself accepts that these losses, regardless of how it calls them, CAN'T CONTINUE. Which means the "losses" can't be a good thing.

10. Third, the current Bank of Ghana (BoG) based model has huge risks as outlined in the infographic below. I have also attached a clear step by step tutorial.

Here is a simple way to grasp it: a) every country obtains foreign exchange by doing PRODUCTIVE ACTIVITY THAT IS EXPORTED AT A PROFIT TO REMAIN SUSTAINABLE. b) how then can BoG engage in an unprofitable venture, export (gold), and still sustainably bring in forex?

Short answer: it can't. It will have to cover the losses by borrowing or by printing money and then borrowing to "mop up" the excess Cedis. If the price of gold then falls, it gets into a vicious cycle which can derail both inflation targeting and exchange rate stability.

At some point in 2024, market FX interventions stopped having the desired effect for a similar reason.

11. Why do we bother with all this advocacy? Because the things that cause financial crises, "haircuts", "dumsor", "galamsey" and all the issues that have held Ghana back as a nation starts in complex, diffuse, seemingly minor ways.

12. We don't pay attention and then they balloon and get out of hand. Hence, it makes sense for us to pay attention to the "granular detail" of government policies even though they may look boring and advocates of such issues may sound like naggers and naysayers.

13. In the case of the GoldBod model, what we seek to avoid is twofold: a) a case of Ghana sleepwalking into massive financial liabilities as we have seen with many state-owned enterprises, from ECG to Cocobod; and

14. b) some people in the future (perhaps even after the current bosses are gone) hiding behind murky losses to pass "margins" to their friends.

15. The clearer things are for a significant section of the population, the lower the chances of either of the two issues happening. With full value-chain transparency, we will be able to apply the brakes before the train skids off the track.

Have a fun weekend!

[Bright Simons @BBSimons]

1. The thing with Newsfile is that it activates an audience that generally don't read our essays or even posts here.

2. That's great but it is a primetime show so time is limited and many of the things that we have discussed at great length and carefully in our essays don't get airing.

3. The trick, I guess, is to use the attention Newsfile brings to get more people to know more about the issues we are working on.

4. In case, you only got interested in these issues because of Newsfile, here are two articles that explain WHY some of us have been talking about GoldBod.

This one explains very clearly how the losses came about:
https://t.co/iLCtb7FvbA

This one advises against trying to paper over the losses: https://t.co/GENGt18Oil

5. For those who think we just sprang up and started "criticising" the GoldBod, you can read our concerns before it started operating here:
https://t.co/Kes5oyRDxF

6. Some of the issues we are facing now originates from some confusion in how GoldBod was structured from the start. Mixing the regulatory, policy, and commercial logics up will continue to create some serious tensions worth keeping an eye on.

7. If you want to understand our "problem" in a nutshell before you even bother reading, fine, I am attaching a few infographics that should simplify the "Gold for Reserves" program that GoldBod inherited and is now running under its model.

8. First, we needed to establish that there were REAL losses because our analysis flows from that point. I have attached the "flow-sequence" from the first article that shows that "losses are inherent" in how GoldBod's trades are structured. Try and internalise it.

9. Second, it is important to realise that if the original GoldBod model of trading on its own balance sheet starts, losses like that would erode the capital of GoldBod. GoldBod itself accepts that these losses, regardless of how it calls them, CAN'T CONTINUE. Which means the "losses" can't be a good thing.

10. Third, the current Bank of Ghana (BoG) based model has huge risks as outlined in the infographic below. I have also attached a clear step by step tutorial.

Here is a simple way to grasp it: a) every country obtains foreign exchange by doing PRODUCTIVE ACTIVITY THAT IS EXPORTED AT A PROFIT TO REMAIN SUSTAINABLE. b) how then can BoG engage in an unprofitable venture, export (gold), and still sustainably bring in forex?

Short answer: it can't. It will have to cover the losses by borrowing or by printing money and then borrowing to "mop up" the excess Cedis. If the price of gold then falls, it gets into a vicious cycle which can derail both inflation targeting and exchange rate stability.

At some point in 2024, market FX interventions stopped having the desired effect for a similar reason.

11. Why do we bother with all this advocacy? Because the things that cause financial crises, "haircuts", "dumsor", "galamsey" and all the issues that have held Ghana back as a nation starts in complex, diffuse, seemingly minor ways.

12. We don't pay attention and then they balloon and get out of hand. Hence, it makes sense for us to pay attention to the "granular detail" of government policies even though they may look boring and advocates of such issues may sound like naggers and naysayers.

13. In the case of the GoldBod model, what we seek to avoid is twofold: a) a case of Ghana sleepwalking into massive financial liabilities as we have seen with many state-owned enterprises, from ECG to Cocobod; and

14. b) some people in the future (perhaps even after the current bosses are gone) hiding behind murky losses to pass "margins" to their friends.

15. The clearer things are for a significant section of the population, the lower the chances of either of the two issues happening. With full value-chain transparency, we will be able to apply the brakes before the train skids off the track.

Have a fun weekend!