@ForTheRecordsGh She’s absolutely right, she spoke within Islamic belief, as a Muslim I agree with her 100% her only mistake is that she addressed the wrong audience…..
@1BongoIdeas @BBSimons@gyaigyimii If the previous regime wasn’t listening as you want us to believe, it would have renewed the contract when it expired as far back in 2024. It’s obvious this government did not take over any sanitation contracts with Zoomlion.
@dna_evidence1 @kojo_skiddles@tech_twi So what was your point, when you said it’s wrong to press his neck after being in power for only 4 months? You see how your hypocrisy has been exposed?
Regardless, let’s still applaud the government for the cedi performance against the dollar today, good job NDC let the cedi continue to gain strength against all the major currencies it benefit all of us, good job once again.
@officialamodart At least the expression “y3n” in his statement shouldn’t be lost on you… Dr Bawumia is simply admitting to the wrongs he didn’t absorb himself from and has been very consistent in his position on some of these things in Cabinet…
I listened to my friend @benkoku on many things he considers are ills of government. He may have some points right, but the talk about this government inheriting a cedi-dollar exchange rate of 3.8 in 2017 is a bit surprising. Where is that figure coming from? Also, is he asking the central bank to come up with a negative interest rate policy (NIRP)?. And why?
Yes, we need to get the current levels of nominal interest rates down but the call for a negative interest rate is not the way to go, if indeed we understand what negative interest rate is/means.
In this country of highly opinionated people, let the Central Bank bring a negative interest rate policy, and you would hear the same people talking as if the country is collapsing.
It is instructive to note that while the real interest rate can flexibly fall into the negatives when inflation exceeds normal interest rate, the latter is bounded by zero. The zero bound nominal interest rate means that to have a negative interest rate is simply saying the nominal interest rate must fall below zero. The practical effect is that instead of earning interest on your savings, you would rather be required to pay the banks to keep your money for you. In a crude way, negative interest rates impose a tax on your savings instead of earning income on them. Is this something @benkoku will support if it happens in Ghana? Central banks only adopt the policy of negative interest rates as a 'desperate' measure to stimulate spending.
Yes, we need interest rates to go down but the call for stepping beyond the theoretical bound of zero is not something that will ultimately be beneficial to Ghana and its citizens. Let's be measured in our policy prescriptions in our attempt to criticize. Is there a reward for overly criticizing government? I would like to know.