This issue with the footballer raises some serious questions about the culture of Ghana and how women are probably taken advantage of without any backlash or blow back.
We don’t think to take these kinds of things seriously enough, and we expect other nations to share in that.
Hopefully we move from the era of talkative ‘media whore’ ministers with presidential ambitions.
Ministerial positions should have standards, there should be some obvious philosophy driving decision making instead of desperate attempts to reap solidarity at the smallest chance.
@msrukie1 On the contrary, his interview shows how gullible most people are.
He’s said many things that are easily disputed by the court records. Infact that interview was a bunch of lies and half truths.
@Bobthebuil19383 https://t.co/HgVGsxuPyr
After Lumumba was assasinated, Nkrumah became more and more paranoid and withdrawn. He wrote a book that even his admirers found to be untactful. It alienated the West. This CIA report covers the main points.
@Bobthebuil19383 Very complex.
Ghana had a certain relationship with Congo, Lumumba and Nkrumah had a mentee/mentor relationship. Initially, Nkrumah tried to balance his relationship with both sides whilst pursuing his Africa Unite Agenda:
LIVE 🚨: Heavily pregnant Efya Nokturnal (@EFYA_Nokturnal) reveals pregnancy as she turns up to support Sarkodie (@sarkodie) on stage at the Rapperholic in UK.
This is beautiful
Somehow, this is very demeaning.
God gave us beautiful waterbodies, nature and many reasons for tourists to visit. We destroyed the waterbodies, failed to develop roads to them.
And tourism, THIS ?
This massage thing really reinforces Africa as a ‘play toy’ ‘playground’
Always majoring in the minors. Branding and aesthetics nkoaa. Galamsey is gradually endings us and you’re there gleefully making smocks trend and ignoring #StopGalamseyNow smh
The work that Policy Activists like @BBSimons do is incredible. The level of counter factual thinking required to look through clearly thought out government information is impressive. I would not have thought of the critiques he's had for Sammy Gyamfi's presentation on Newsfile
@Sylencer223@CallmeAlfredo Very silly take. Weyyy before things crashed under the erstwhile government, these same ‘textbook’ analysts saw and predicted rightly. Don’t be so quick to dismiss research and knowledge. No serious country develops without them
I thought my last piece on the GoldBod losses was clear & lucid. But even finance-steeped friends said I needed to be more focused on 3 questions: how did the losses come about, how burdensome are they, and whether they are a low price to pay for the high benefits of Cedi stability.
So, here is a tighter piece: https://t.co/iLCtb7EXm2
Some key highlights:
1. GoldBod’s losses of $214M on $5BN of gold are real. It is significantly higher than the loss-rate that has been crippling Cocobod.
2. But those losses don't tell the full story. Bank of Ghana (BoG) also incurs sterilisation and opportunity costs.
3. The losses are structural: GoldBod is compelled to buy high and sell low more often than it should. Read the piece for concrete scenarios.
4. Without central bank funding, GoldBod would be insolvent within ~11 months. Its undisbursed 2025 budget allocation of US$279 million would last less than one year.
5. GoldBod did contribute something to the Cedi's stability in 2025, but it is not the main factor. No one factor dictates exchange rates. Economists can prioritise over 15 variables.
6. Because Ghana's exports are so dominated by
gold, and exports are an important factor in exchange rate movements, we must bear in mind that gold prices rose over 70 percent in 2025 alone.
7. Historically, however, such extended gold rallies explain only about 8 percentage points of FX strength.
8. The Cedi, however, appreciated by roughly 24 percent in 2025 (end-2024 to end-2025.
9. The remaining improvement reflects IMF discipline, debt restructuring, and policy intervention that skewed it away from its likely natural path.
10. GoldBod’s maximum plausible contribution is therefore bounded and secondary. 3 percentage points would be a fair estimate.
11. Continued losses would not be a trivial matter. They will hit BoG's net reserve accumulation. And generate additional costs because BoG "creates" the money used to buy the gold and must mop it up to prevent inflation.
12. The methods at BoG's disposal for this whole operation are expensive. Thus, losses weaken BoG's ability to keep cushioning the Cedi.
13. If the gold price falls, all these risks will be hugely magnified. In a dangerous procyclical way.
14. Ideally, stability should not be built on opaque subsidies. Hence why some of us have urged caution and openness about these state-led gold programs since 2022.
15. But if we must keep on with GoldBod and the other gold gigs, then we must pray hard that gold prices stay up. Because, in the end, the ledger always balances.