• Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Monday, June 23, 2025
No Result
View All Result
NEWSLETTER
The Overseers - Ghana No.1 News
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    GJA commends Mahama for restoration 62 suspended stations

    GJA commends Mahama for restoration 62 suspended stations

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    Comply within 30 days – Sam George warns suspended stations

    Restore suspended radio stations – Mahama directs Sam George

    Restore suspended radio stations – Mahama directs Sam George

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    Data bundle values to increase by 10-15% from July 1- Sam George

    Data bundle values to increase by 10-15% from July 1- Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Late Nigerian Boxer Olanrewaju repatriated – GBA

    Late Nigerian Boxer Olanrewaju repatriated – GBA

    2025 BET Awards: Ayra Starr wins best International Act [FULL LIST]

    2025 BET Awards: Ayra Starr wins best International Act [FULL LIST]

    West Ham open to £65m Kudus Sale amid Newcastle interest

    West Ham open to £65m Kudus Sale amid Newcastle interest

    Man Utd close to signing Wolves’ Cunha

    Man Utd close to signing Wolves’ Cunha

    Pornhub and three other porn sites face EU child safety probe

    Pornhub and three other porn sites face EU child safety probe

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Akrobeto survives road accident near Konongo

    Akrobeto survives road accident near Konongo

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Lyrical Joe disappointed after losing TGMA rap performance award

    Lyrical Joe disappointed after losing TGMA rap performance award

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Security agencies donate GH¢1m to support ‘Mahama Cares’

    Security agencies donate GH¢1m to support ‘Mahama Cares’

    Court orders NLC to serve GRNMA with injunction order

    Court orders NLC to serve GRNMA with injunction order

    Operational hours at Kumasi, Tamale Airports extended

    Operational hours at Kumasi, Tamale Airports extended

    2025 Hajj: Two dead, five persons repatriated

    2025 Hajj: Two dead, five persons repatriated

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Ghana slashes visa application to 5 working days

    Ghana slashes visa application to 5 working days

    Railway operations unsustainable without private sector – Railway Authority Boss

    Railway operations unsustainable without private sector – Railway Authority Boss

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ministry of Health opens recruitment for Medical, Dental Officers

    Ministry of Health opens recruitment for Medical, Dental Officers

    Trending Tags

  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    GJA commends Mahama for restoration 62 suspended stations

    GJA commends Mahama for restoration 62 suspended stations

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    Comply within 30 days – Sam George warns suspended stations

    Restore suspended radio stations – Mahama directs Sam George

    Restore suspended radio stations – Mahama directs Sam George

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    NCA suspends Asaase, Wontumi, 60 others over regulatory breaches

    Data bundle values to increase by 10-15% from July 1- Sam George

    Data bundle values to increase by 10-15% from July 1- Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Gov’t negotiates with strategic partners to takeover AT – Sam George

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Late Nigerian Boxer Olanrewaju repatriated – GBA

    Late Nigerian Boxer Olanrewaju repatriated – GBA

    2025 BET Awards: Ayra Starr wins best International Act [FULL LIST]

    2025 BET Awards: Ayra Starr wins best International Act [FULL LIST]

    West Ham open to £65m Kudus Sale amid Newcastle interest

    West Ham open to £65m Kudus Sale amid Newcastle interest

    Man Utd close to signing Wolves’ Cunha

    Man Utd close to signing Wolves’ Cunha

    Pornhub and three other porn sites face EU child safety probe

    Pornhub and three other porn sites face EU child safety probe

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Otto Addo unveils 23-man Squad for 2025 Unity Cup

    Akrobeto survives road accident near Konongo

    Akrobeto survives road accident near Konongo

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Creative Arts Agency engages GIFEC for strategic digital partnership

    Lyrical Joe disappointed after losing TGMA rap performance award

    Lyrical Joe disappointed after losing TGMA rap performance award

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    Security agencies donate GH¢1m to support ‘Mahama Cares’

    Security agencies donate GH¢1m to support ‘Mahama Cares’

    Court orders NLC to serve GRNMA with injunction order

    Court orders NLC to serve GRNMA with injunction order

    Operational hours at Kumasi, Tamale Airports extended

    Operational hours at Kumasi, Tamale Airports extended

    2025 Hajj: Two dead, five persons repatriated

    2025 Hajj: Two dead, five persons repatriated

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Rotational Nurses and Midwives threatens nationwide strike effective June 2

    Ghana slashes visa application to 5 working days

    Ghana slashes visa application to 5 working days

    Railway operations unsustainable without private sector – Railway Authority Boss

    Railway operations unsustainable without private sector – Railway Authority Boss

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Joe Biden diagnosed with ‘aggressive’ prostate cancer

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ghana Confirms Two More Mpox Cases, Total Now Four

    Ministry of Health opens recruitment for Medical, Dental Officers

    Ministry of Health opens recruitment for Medical, Dental Officers

    Trending Tags

No Result
View All Result
The Overseers - Ghana No.1 News
No Result
View All Result
Home Business

Stop Your Comic Dancing and Fix depreciating Cedis – Ato Forson to Bawumia

by Mawuli Innocent
May 16, 2024
in Business
0
Stop Your Comic Dancing and Fix depreciating Cedis – Ato Forson to Bawumia
0
SHARES
33
VIEWS
Share on FacebookShare on Twitter

The Minority says that the current challenges facing the Ghana Cedi are far from resolved, and the situation is expected to worsen.

With the local currency reaching GH₵15, traders caution that they are transferring the costs to consumers, resulting in a notable rise in the prices of goods and services.

Speaking to journalists in Parliament on Wednesday, Minority Leader Dr. Cassiel Ato Forson lamented the detrimental effects of the Cedi’s depreciation on businesses in areas like Okaishie, Abossey Okai, Kejetia and other commercial districts.

H. E DR. Muhamadu Bawumia

He explained that “In spite of the huge inflows of foreign exchange from the IMF and the World Bank, into the Ghanaian economy, and I’m talking of billions of Ghana cedis, billions of US dollars, the government’s action and its management of the cedi have continued to fuel steep depreciation with no end in sight unfortunately.”
So far, the decisions of the Economic Management Team, chaired by our Vice President Alhaji Bawumia leaves a lot to be desired. The reality of the Ghanaian economy today exposes the credentials of the so-called economic wizkid who was marketed as the savior of Ghana’s economy. Alhaji Bawumia’s credibility is now tatters.

He was worried that the Dr Bawumia who doubles as the New Patriotic Party’s flagbearer is too fixated on his campaign for election than rescuing the ailing currency.

“I want to use this opportunity to urge the Vice President to quit his off-beat dancing on the campaign trail and focus on the dancing cedi. There’s a lot awaiting our country as a result of reckless mismanagement by Alhaji Bawumia’s government.”

This comes as traders across the country are crying foul over the devastating impact of the depreciating currency on their activities.

The business community is up in arms as the development has left some of them running into debt.

According to the Food and Beverages Association of Ghana (FBAG), the model of many entrepreneurs involves selling on credit, which has made it difficult for importers to pay back
Speaking on Top Story on May 14, FBAG’s Executive Chairman, John Awuni described the situation as a crisis as many products.

“It is a massive disaster because we see the working capital of most of the businesses being eroded.”

“Some of the businesses have even stopped selling because they don’t even know how to price it. Ghana is generally a credit market, they receive supply from abroad on credit and they give to the Ghanaian distributors or wholesalers and retailers on credit.”

Source: My joy online
Tags: Ato ForsonCedi DepreciationDr.Bawumia
Mawuli Innocent

Mawuli Innocent

Related Posts

PassionAir reduces domestic airfares by 10% as cedi strengthens

PassionAir reduces domestic airfares by 10% as cedi strengthens

by theoverseer
June 17, 2025
0

PassionAir has reduced domestic airfares by 10% from June 17, 2025, in response to the continued appreciation of the Ghanaian...

T-Bill auction undersubscribed by GHS393m as rates continue to drop

T-Bill auction undersubscribed by GHS393m as rates continue to drop

by theoverseer
June 16, 2025
0

The latest auction results from the Bank of Ghana show that the government fell short of its Treasury bill target...

GRA halts implementation of GH¢1 fuel levy

GRA halts implementation of GH¢1 fuel levy

by theoverseer
June 14, 2025
0

The Ghana Revenue Authority (GRA) has suspended the implementation of the controversial GH¢1 Energy Sector Levy on petroleum products, following...

London Investment Summit: GFZA promotes Ghana’s agribusiness, calls for global investment

London Investment Summit: GFZA promotes Ghana’s agribusiness, calls for global investment

by theoverseer
June 12, 2025
0

The Ghana Free Zones Authority (GFZA), from June 6 to 7, 2025 joined industry leaders and policymakers at the Africa...

NCA to conduct quarterly data billing audits – Sam George

NCA to conduct quarterly data billing audits – Sam George

by theoverseer
June 10, 2025
0

Minister for Communication, Digital Technology and Innovation, Samuel Nartey George, has directed the National Communications Authority (NCA) to intensify its...

Gov’t to crack down on poor telecom service from October – Sam George

Gov’t to crack down on poor telecom service from October – Sam George

by theoverseer
June 10, 2025
0

The Ministry of Communication, Digital Technology and Innovation is set to launch a nationwide quality audit of telecom services in...

Next Post
DR. BOAMAH OTOKUNOR REVEALS THE BITTER TRUTH BEHIND GHANA’S COCOA CRISIS

DR. BOAMAH OTOKUNOR REVEALS THE BITTER TRUTH BEHIND GHANA'S COCOA CRISIS

Recommended

NAGRAT calls for drastic measures to protect teachers from violent students

NAGRAT calls for drastic measures to protect teachers from violent students

1 month ago
Dr. Ato Forson Elected Chairman of ECOWAS Bank For Investment and Development

Dr. Ato Forson Elected Chairman of ECOWAS Bank For Investment and Development

2 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact
    Call us: +23320000000

    © 2024 The Overseer News - Powered By The Overseers The Overseer News.

    No Result
    View All Result
    • Home
    • Politics
    • World
    • Business
    • Science
    • National
    • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
    • Fashion
    • Lifestyle
    • Travel
    • Tech
    • Health
    • Food

    © 2024 The Overseer News - Powered By The Overseers The Overseer News.