selasie
1.2K posts
selasie
@Breakout_perez
An opportunity of a lifetime must be ceased in the lifetime of the opportunity.
accra Katılım Temmuz 2011
751 Takip Edilen159 Takipçiler
@DesmondBredu How easy is it to liquidate your investment in stocks?
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@DesmondBredu Can you help me understand the difference between between stocks and shares, if there is any?
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If you’re confused about the dates, here’s a simple explainer.
You need to buy the shares of MTN BEFORE March 24th 2026 to qualify for this dividend payment.
If you buy ON or AFTER this date, you won’t be entitled to the dividend, it will go to the previous owner.
Desmond Bredu@DesmondBredu
MTN SHAREHOLDERS 🎉 GOODNEWS coming your way! The board has recommended a final dividend of GHS0.40 per share, a 67% increment from the 2024 payout of GHS0.24. Ex Dividend Date: Tues, March 24, 2026 Qualifying Date: Thurs, March 26, 2026 Payment Day for Friday, April 10, 2026
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Hi
My name is Rachel and I am from Ghana 🇬🇭, i have been learning German on Duolingo for a while…. And I would love to be given this opportunity to improve
Thank you 😊
The German Language School🇩🇪@germanlang25
🇩🇪We have given scholarship opportunities to 4 Nigerians to learn German language with us .. 🇩🇪Next is Ghana!! 🇩🇪We are giving a chance to two people that will quote this and get the most engagement possible!! Benefits ✅ Free online lessons from A1 to B1 ✅ An influencer role with our company ✅ Free visa consultation
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Elikplim Akurugu where are you?? God abeggg!!! Which roads again for Ayawaso West people?? Eh??
Farmer John,MP@johndumelo
Starting 2026 with roads in Ayawaso West Constituency. With the help of God and residents, it is my wish I will facilitate the construction of all roads within the constituency by the end of 2028. Thanks so much @maxpalasco for the huge support with this particular road. I reached out to you and you didn’t hesitate to support the initiative. #idey4u
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Main issue
GoldBod’s CEO suggests the IMF (International Monetary Fund) is “lying” about GoldBod losses. Bright Simons says the IMF wasn’t guessing, it described real trading losses, so calling it “speculation” doesn’t add up.
Why Bright trusts the IMF on this
He says Ghana often gives the IMF detailed numbers that aren’t published at home. So if you dismiss the IMF, you may be dismissing the only place the full data is visible. He also argues the IMF gains nothing by lying while praising Ghana’s progress.
What the IMF said (in plain words)
•Ghana’s FX market (foreign exchange market) is weak because too many dollars end up with BoG (Bank of Ghana), making the market “thin.”
•The gold programmes made losses:
•DGPP / G4O: Domestic Gold Purchase Programme / Gold-for-Oil had losses in 2024.
•G4R: Gold-for-Reserves had losses in 2025 (up to end-Q3), especially the part involving ASM (small-scale miners) and doré (raw gold).
•The IMF puts the 2025 loss at $214m, mainly from trading losses plus off-taker fees (charges by big foreign buyers).
•BoG bought about $7.6bn worth of gold in 2025 (through August), including $5bn from ASM miners. GoldBod also charges BoG service/testing fees.
Bright’s simple explanation of the losses
GoldBod can still collect its fees, but BoG can still lose money if:
•Ghana buys gold locally at near world price (sometimes with bonuses to beat smugglers), and
•later sells it abroad with discounts and fees.
So the loss shows on BoG’s books, not necessarily GoldBod’s.
Why Bright says “accounting tricks” won’t hide it
•Revaluation gains = paper gains when gold price rises.
Bright says IMF standards (like BPM6) separate paper gains from real trading losses.
•If BoG records the loss as “government owes us,” it becomes quasi-fiscal (the central bank funding government policy). The IMF would push for it to be shown clearly in the budget or settled with a plan.
What he says should happen next (4 choices)
1.Publish full trade details and prove the IMF wrong, or
2.Admit losses and treat them as a government subsidy in the budget, or
3.Redesign/scale down the programme to reduce BoG risk, or
4.Stay secretive and face IMF pushback and forced disclosure later.
On the “we’ve done $10bn / 100+ tonnes” claim
Bright says bigger volumes don’t automatically mean profit. Volume can rise because:
•you pay premiums to a few big aggregators (he mentions Bawa Rock), and
•you accept discounts from a few big buyers (he mentions Pinnacle I DMCC in Dubai and Sovereign Metals in India).
That concentration can create losses, especially when policy goals (getting quick dollars) override normal business logic.
“Window dressing” point
He flags a report of about $208.1m exported on Sept 30, 2025 (quarter-end). He suggests it could be “window dressing”, doing a big transaction at reporting time to make the numbers look better.
Don’t over-credit GoldBod
He says state action is understandable because Ghana’s gold reserves used to be low (he cites 8.7 tonnes in 2021).
But he warns 2025 also had a huge gold price boom, so export value can jump mainly because gold price jumped, not because the system suddenly became brilliant.
His biggest warning: gold price fall
If gold prices drop, BoG’s position can take a big hit. He stress-tests BoG’s gold holdings (~38 tonnes) and shows how a big price fall can wipe out billions in value and quickly strain the programme’s cash buffer.
Why he ends with “transparency”
Bright’s bottom line: without openness (who benefits, what fees are paid, what prices are used), a programme meant to stop smuggling can turn into a system that quietly transfers value to a few players, and Ghana could be caught off guard when gold prices fall.
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Bright Simons’ point (simple)
He’s answering 3 questions:
1.How did GoldBod make losses?
2.Are the losses serious?
3.Even if serious, is a stronger cedi worth it?
1) How the losses happen
•IMF (International Monetary Fund) data suggests GoldBod/BoG bought a lot of small-scale miners’ gold (ASM = artisanal/small-scale mining) and used the dollars from selling it to help the cedi.
•The IMF estimates a loss of $214m (4.28%) on that small-scale gold leg. Meaning: the cedis paid out locally didn’t fully come back as dollars after selling abroad.
•Bright says the loss can happen because GoldBod may have to pay near world price + a bonus to stop miners selling to smugglers, but when it sells abroad it faces discounts and fees.
•Doré = raw gold. Off-takers = the foreign buyers who take the gold. They discount the price to cover shipping, insurance, testing, and speed of payment.
2) Are the losses serious?
•Bright says yes, if GoldBod is meant to run like a business.
•He notes a working-capital buffer of about $279m and argues that with loss levels as the IMF suggests, GoldBod could hit serious stress fast unless the government supports it.
•That’s why he calls it a subsidy (government paying part of the cost) and says it should be admitted openly.
3) But the cedi improved, so isn’t it worth it?
•Bright says the exchange rate moves because of many things, not one programme.
•He argues that rising gold prices helped Ghana a lot on its own, and GoldBod can’t take full credit for the cedi’s strength. He “caps” GoldBod’s contribution and warns against selling it as a miracle.
The hidden cost most people miss
•When BoG (Bank of Ghana) buys gold with cedis, it pumps extra cedis into the economy.
•If BoG then removes that extra cash using OMO (Open Market Operations = BoG borrowing from banks to soak up cash), it pays interest every year, so the programme can still create losses.
Biggest warning
This looks manageable only while gold prices stay high. If gold prices fall sharply, losses can grow fast, reserves can drop in value, and pressure can return.
Bright’s conclusion
This only stays “manageable” while gold prices stay high. If gold falls sharply (he uses a scenario like falling toward the long-run ~$2000 range), BoG can’t instantly stop because of commitments. Then reserves could lose multiple billions, gold may sell for far less than it was bought, and BoG may have to print even more cedis, making the problem worse at the worst time (“pro-cyclical”).
Where Bright lands: Ghana should think in gold vs non-gold (not just oil vs non-oil) when planning the budget, and the more transparent GoldBod is, the better prepared Ghana will be when markets turn.
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Reps of a govt in power can always count on large numbers of partisan supporters to amplify their message. Activists pushing for accountability must fight harder or their message will drown. At the end of Newsfile today, here is the welcome delegation the GoldBossu got. 😊😊😊
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And Jesus said to him, "No one having laid the hand upon the plow, and looking on the things behind, is fit for the kingdom of God. ~ Luke 9:62
✝️ Arch Bishop Benson Idahosa
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One day, I will talk about the Ghanaian module of doing business and generating revenue and how that influences why most local businesses do not last beyond 5 years.
SIKAOFFICIAL🦍@SIKAOFFICIAL1
What kind of business can generate Gh¢20,000 a week in Ghana?
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@TrueJay33 Charley, it’s high time we build our own country, else one day, we may not have air to breathe
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Bringing together almost 1500 young people ranging from the fields of #politics, #civil society, and #youthengagment tested not just my resolve, but ability to think on my feet.
Catch my presentation on the AYPF Strategic Plan here 👇🏾. My sincere thanks to everyone who made it!
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The comments under this post are similar to the ones I get from my colleagues, including superiors, when I try to bridge the gap between theory and practice in my clinical practice.
There’s a fundamental problem with Ghanaians’ understanding of what theory, and in this case, approved standard practice, is.
In fields like medicine/nursing and aviation, theories and standard procedures are often borne out of the experience of others in the field, so one can’t just dismiss them as “theory”.
In my daily practice, people often unfairly criticize me for attempting to adhere to aseptic techniques (free from contamination caused by harmful bacteria, viruses, or other microorganisms) when administering intravenous medications.
IV therapy is a common nursing/medical procedure that’s associated with risks, some being serious. But when I try to protect my patients from harm by practicing evidence-based nursing (theory), the comments I often get are, “You’re too theoretical”, “This isn’t the classroom, we’re on the ward.”
But I won’t let such comments stop me from doing what’s right and safe for my patients, so @BBSimons, continue sharing the knowledge you have. Some policymakers are taking notes from your informed opinions. 👏🏾 👏🏾 👏🏾
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Here are all the details of how Ghana's Search & Rescue system failed after the tragic helicopter crash. Presented with a policy lens and drawing on the theory of katanomics. Regular readers would recognise many of the points but in a handier format.
brightsimons.com/2025/08/chaos-…
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This is all what @BBSimons is trying to communicate
Bright Simons@BBSimons
Here are all the details of how Ghana's Search & Rescue system failed after the tragic helicopter crash. Presented with a policy lens and drawing on the theory of katanomics. Regular readers would recognise many of the points but in a handier format. brightsimons.com/2025/08/chaos-…
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selasie retweetledi
Folks, for the first time ever, I need to apologise for a bit of confirmation bias in relation to something I posted here.
Full disclosure: the press release I posted earlier as having been issued by Azumah came from a media house in Ghana that I respect. Someone senior there sent it to me by WhatsApp for comments. I am trying to find out where they got it from.
Because parts of the document sounded plausible, I posted it here and reacted to it. On hindsight, that was rash.
It is now clear that it was generated by ChatGPT. I didn't look closely enough else I wouldn't have missed the telltale signs and helped facilitate a similar kind of the disinformation that got us here in the first place.
Gen AI clearly poses serious risks to our society.
That said, I don't think this changes the core essence of what I said. We have not taken sides on the commercial issues (who should pay what and how much for what rights etc.) We have stayed strictly on the public interest and policy-related matters.
We definitely want to see an amicable settlement so that the mine can benefit the people of Upper West.
At the same time, we will keep warning against the use of state power to grab lucrative assets if we see such risks on the horizon.
That's all.
Accountability is a marathon.
Franklin CUDJOE@lordcudjoe
I just received an email from Priya Dutt who works with Rostrum, the official communications agency for Azumah Resources, the company in a tussle with E&P over the Black Volta goldmine. She stated that the press release circulating in the media dissociating themselves from Bright Simons was not issued by Azumah Resources. *WHICH IS OBVIOUS SINCE BRIGHT HAS NEVER BEEN "ASSOCIATED" WITH THEM IN THE FIRST PLACE. It appears to have been AI generated. They have asked all press houses to contact them at p.dutt@rostrum.agency if they have any questions and to deal with them only for all official correspondence. Obviously, this is incredibly baffling! Mind-boggling even! I have sent some questions for further clarification to Ms. Dutt. In the meantime, can the editors at all the media outlets that published the story and circulated the release tell us where they got it from? This is exactly how the media was invited to the now controversial EBID (Ecowas Bank) signing ceremony last week. What exactly is going on? What a murky affair!!! @BBSimons @JoyNewsOnTV @Joy997FM @Citi973 @Channel1TVGHA
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I saw a burgeoning "point-and-kill" setup for catfish in a Ghanaian supermarket a few days ago.
The sight of it got me thinking about how and why profit-making opportunities sometimes fail to catch on in circles where the capital and capacity to scale exist.
If these are your kinds of subject-interests, or you are just curious about how catfish pole-vaulted tilapia to the cutting-edge of the grilled fish-eating experience in Accra, here is a little piece for you:
brightsimons.com/2025/01/point-…
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