{"id":1225496,"date":"2022-10-15T19:07:33","date_gmt":"2022-10-15T19:07:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/15\/as-head-of-the-economy-youre-campaigning-for-presidency-whiles-the-economy-is-sinking-yayra-koku\/"},"modified":"2022-10-15T19:07:33","modified_gmt":"2022-10-15T19:07:33","slug":"as-head-of-the-economy-youre-campaigning-for-presidency-whiles-the-economy-is-sinking-yayra-koku","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/15\/as-head-of-the-economy-youre-campaigning-for-presidency-whiles-the-economy-is-sinking-yayra-koku\/","title":{"rendered":"As Head Of The Economy You’re Campaigning For Presidency Whiles The Economy Is Sinking – Yayra Koku"},"content":{"rendered":"

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\nSome people are happy with the depreciation of the cedi because to them they have family and friends outside who sends them dollars every month, so with the depreciation of the cedi, they will get more money when they exchange.\n<\/p>\n

\nThese people have forgotten that since we are an import-driven country, a depreciation of the cedi will affect the prices of goods and services in Ghana.\u00a0\n<\/p>\n

\nLet us use this as an example. You get 100 dollars monthly from your family member to buy fuel for your car. In January 2022, a liter of fuel was 7cedis. With an exchange rate of 6.21, you could buy 88 liters of fuel.\n<\/p>\n

\nToday, a liter of fuel is 13cedis and will sell for 15.9 on Monday after the 10% increase. If your family member still sends you the 100 dollars, with an exchange rate of 12.10, you will buy 76 liters of fuel. A reduction of about 11 liters.\n<\/p>\n

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\nThis means to get the same liters you were getting in January 2022; your family member needs to top up with 14 dollars.\n<\/p>\n

\nThis same analysis applies to foodstuffs, transport, etc.\n<\/p>\n

\nGhana is sinking slowly, and Bawumia, who is the head of the economic management team, is touring the country to campaign to win the presidential primaries of the NPP.\n<\/p>\n

\nhttps:\/\/m.facebook.com\/story.php?story_fbid=pfbid02xYHv42UL4CEeESzGJnKddtrUf9tfJcqb1YUHHuZwxpAj3arqmmjoUi7mxpqrUNLtl&id=100044366026848\n<\/p>\n

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Some people are happy with the depreciation of the cedi because to them they have family and friends outside who sends them dollars every month, so with the depreciation of the cedi, they will get more money when they exchange. These people have forgotten that since we are an import-driven country, a depreciation of the […]<\/p>\n","protected":false},"author":1,"featured_media":1225497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[9658,1963,12464,7607,16633,1933,16821,2793],"class_list":["post-1225496","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-campaigning","tag-economy","tag-koku","tag-presidency","tag-sinking","tag-whiles","tag-yayra","tag-youre"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1225496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1225496"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1225496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1225496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1225496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1225496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}