Torture2020:
Rubbish! Simple question, what is the value of the Cedi against the dollar? And what is the value of the naira against the dollar? Isn’t that supposed to be a straight, simple question? But your olodo head will not allow you to reason like a normal human being.

So,instead, you have to write a thesis about the Cedis. I pity you mudder fuggerz. If say na exam, you will score zero for stvpidly going completely off the mark. If you want to talk about the Ghanaian currency and how it has fared over the years, then open a different discussion.

Torture2020:

If I were you,huh? I will be worried about your own country’s generator-powered economy. Currently in recession. According to your Vice President, more than 30 million jobs will be lost in your country due to covid 19. In fact, by the time covid 19 finishes with your country, nobody will recognize that zoo again poverty capital
Do you even know the future of your country

vankelvin:
And do you know the future of your country's currency?
Have you also thought of the depreciation rate of your country's currency?
How is a Dollar / Cedi to your currency?

vankelvin:

Always poking your nose into something that has nothing to do with you?

Mkenya2019:
Samrobo - bring your exercise book here - and copy the English. The substance is beyond you.

vankelvin:


What are you driving at?
Are you talking about value of both currencies?
So if you and I are supposed to convert Cedis and shillings into Dollars and buy Ferrari, who do you think will pay higher than his colleague?

BeforeJuly:

Our currency doesn't have a very bright future on the short term but what I can tell you for free is that we weren't re-denominated in 2007.
Also what I can tell you for free is that our currency isn't just strong on paper like the cedi.
I can also tell you that the naira brings a lot more value to the table than the Ghanaian cedi.
We could also talk about how the cedi makes basic stuff in Ghana expensive.

You satisfied?


Look who's talking!
You don't just this exact thing here the last 12 or more pages so yes it is my concern!

Also I don't like seeing my Ghanaian people Paying extremel prices for basic stuff.

jln115:
They will pay the same bro!!...... Your logic mate

vankelvin:


That shows you how poor your country is.
Ask your fellow nigerian's in Ghana and they will confirm to you the living standards in Ghana..very very high
The Ordinary Ghanaian is used to it but nigerian's here always complain about how expensive Ghana is..
And for value of money, you need to ask your fellow nigerian in Ghana the value of Cedis when converted into naira..

Its just like you asking the value of Dollar in USA, it doesn't do much there, but change it into your country's currency and you will know the value,.

As far as Currencies are concerned, Cedis is still higher than naira..
If re-denominating a Currency can change the fortunes of ''your country's currency'' then what are you waiting for? Are you waiting for Donald Trump to ask your Government to do a re-denomination of your currency?

Mkenya2019:
Half of Nigeria - North Nigeria - that control Nigeria is just Sudan


https://www.youtube.com/watch?v=cxBM75IXQ80

SUFFERInSMILIIN:

Listen you have to understand my Nigerian people most of them are illiterate to the core. Once a Nigerian see in other African country is better than them they believe it is the white people which build that country. Without using their brain that majority of the workforce and Blacks also most of the laborers are also black. Without the black population South Africa and Kenya including other African countries will be nowhere. Why do you think developed countries import a lot of cheap labour from third world countries. Kenya was built by black people South Africa was built by black people. But my Nigerian people cannot understand this because they are illiterate and lazy they cannot work only thing they know how to do vote for a criminal all over the world

vankelvin:


That shows you how poor your country is.
Ask your fellow nigerian's in Ghana and they will confirm to you the living standards in Ghana..very very high
The Ordinary Ghanaian is used to it but nigerian's here always complain about how expensive Ghana is..
And for value of money, you need to ask your fellow nigerian in Ghana the value of Cedis when converted into naira..

Its just like you asking the value of Dollar in USA, it doesn't do much there, but change it into your country's currency and you will know the value,.

As far as Currencies are concerned, Cedis is still higher than naira..
If re-denominating a Currency can change the fortunes of ''your country's currency'' then what are you waiting for? Are you waiting for Donald Trump to ask your Government to do a re-denomination of your currency?

jln115:
only getting back at the Government that massacred them first with provocation

jln115:
only getting back at the Government that massacred them first with provocation

forgiveness:



Lagos already outsmart South Africa's cities economically save Johannesburg.

Where are the slums in Lagos? What are their names? I want to show you something first.

Don't be deceived, Lagos is far far far more developed than Nairobi. Nairobi has a lot to do. Most especially, demolishing 50% slums that makes up Nairobi. Fact.

vankelvin:


That shows you how poor your country is.
Ask your fellow nigerian's in Ghana and they will confirm to you the living standards in Ghana..very very high
The Ordinary Ghanaian is used to it but nigerian's here always complain about how expensive Ghana is..
And for value of money, you need to ask your fellow nigerian in Ghana the value of Cedis when converted into naira..

Its just like you asking the value of Dollar in USA, it doesn't do much there, but change it into your country's currency and you will know the value,.

As far as Currencies are concerned, Cedis is still higher than naira..
If re-denominating a Currency can change the fortunes of ''your country's currency'' then what are you waiting for? Are you waiting for Donald Trump to ask your Government to do a re-denomination of your currency?

pacretus:
now I understand you are just a teenager.
If we are to go by your analysis,
A Ghanaian lives a better life than a Japanese because 1 cedi = 19 Japanese yen

Oh Ghanaians have a much higher standard of living than a south korean because
1 cedi= 207 South Korea Won.

Don't be the clown and circus bro

jln115:
They will pay the same bro!!...... Your logic mate

Austine1213:


Capetown and joburg are wealthier, Durban+Umhlanga and Pretoria are behind lagos in terms of wealth. Despite the small population

However it will surpus it in future

Population of SA will not increase that much, it is projected thatthat in 50 years (2070) population will decrease

vankelvin:


That shows you how poor your country is.
Ask your fellow nigerian's in Ghana and they will confirm to you the living standards in Ghana..very very high
The Ordinary Ghanaian is used to it but nigerian's here always complain about how expensive Ghana is..
And for value of money, you need to ask your fellow nigerian in Ghana the value of Cedis when converted into naira..

Its just like you asking the value of Dollar in USA, it doesn't do much there, but change it into your country's currency and you will know the value,.

As far as Currencies are concerned, Cedis is still higher than naira..
If re-denominating a Currency can change the fortunes of ''your country's currency'' then what are you waiting for? Are you waiting for Donald Trump to ask your Government to do a re-denomination of your currency?

Baliv254:

Have you ever interacted with somalis?
Between kenya and a country which has been in civil war for 30 years and hosts some of the most hardcore terrorists in the world, who do you think is on the wrong

You think the waggalla ass whooping just fell out of the sky? [/b]Kenyan government was supposed to treat foreign sponsored insurgents with kid gloves, right?
Do you know that even within kenya somali clans are fighting and killing each other ?

pacretus:
now I understand you are just a teenager.
If we are to go by your analysis,
A Ghanaian lives a better life than a Japanese because 1 cedi = 19 Japanese yen

Oh Ghanaians have a much higher standard of living than a south korean because
1 cedi= 207 South Korea Won.

Don't be the clown and circus bro

forgiveness:


How is Cape town wealthier? Prove it.

forgiveness:


How is Cape town wealthier? Prove it.

forgiveness:


How is Cape town wealthier? Prove it.

Austine1213:


But whenwhen inflation,Vat, import duties etc of a country are factored in that'sthat's when prices change

gallivant:


Since when did you become a terrorist sympathiser my friend? This is unbecoming of you.

vankelvin:


They will pay the same only if shillings changed into Dollar is the same as Cedis.

jln115:
of course yes!! However that would only be the case if they were buying local using thier own currency... He specifically said they were paying dollars

vankelvin:


All you are saying is just like an Ugly man praising himself about having a huge D1ck than his handsome competitor over a lady..

the question is, How is your currency against the Cedi or Dollar?
So stop beating about the bush.

Shillings VRS Cedi
Shillings VRS Dollar
Cedi VRS Dollar

jln115:

You do realise its not all about the value to the dollar right? Its about what you can buy with the Cedi in your own country. In other words it about ppp

Mkenya2019:
The present day currencies are paper money. It's fiat money. It's no longer backed by gold reserves. It has no intrinsic value.
So a country can wake up and decide to print the "strongest" currency in the world - say 1000 dollar to 1cedis.
You give them like a few years - and that currency will be 1 dollar to 1000 cedis - if they allow it to operate in free exchange.
They can even go ahead - and forever peg it to a dollar - but that would require defending the currency against inflationary forces using forex reserves.

The cedis outside Ghana is useless. Worthless. What works outside our borders are global currencies - USD (the king), Euro, British Pound, Swiss Franc, maybe Japanese Yens and now the Yuan.

So for you to import anything - you'll need to buy dollars or any other global currency accepted. For you to fly abroad for education or medical need - you'll need to convert to dollars. For you (gov, individuals, companies) to repay international loans - you buy dollars.

So naturally the cedis will weaken - unless you're China or Saudi or Japans - with trillion dollars of forex reserve - and you can make your currency strong internally by keeping it weak internationally. This makes their stuff very cheap to import - leading to more forex - feeding the loop.

For the rest of us - if you try to defend your currency with your little forex reserves - you won't last long.

Maybe you can survive with your own rules if you live in Central Africa - with very little in international trade and business.

Therefore what is important for economy is A STABLE CURRENCY - this is part of the predictable environment that foster economic growth and sustainable development.

A stable currency is a currency that doesn't swing so much. A currency that stores values. Nobody want to wake up tomorrow like a zimbwean to find they now need 10 times the currency to buy a loaf of bread.

So you need a stable currency that doesn't depreciate or appreciate so fast against global currencies. Otherwise it will lead to inflation - price increases - will drive away investors - will generally lead to poverty.

The weakest africa currencies the last 60-70yrs without doubt is anything named Zimbwabwe, anything named KWACHA and anything named CEDIS.

This kind of negative feedback loop that plagues the CEDIS is hard to get out of - because many Ghanians and foreigners don't trust the cedis - so the economy become dollarized - people prefer to open dollar accounts - or to convert their cedis as quickly as possible to dollars - and try to store value. This leads to dollar strengthening...more dollar demands...more forex reserves are depleted. This weaken the cedis more.

Getting out of that rat hole is very very difficult. You should see Zimbwabweans now. It about getting people to trust PAPER MONEY.

Just30:
The Cedi is more valuable than your kshs

It buys 2 times more things than your kshs buys.

that is how useless your kshs is.