Sethoo

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Sethoo

Sethoo

@einfoGH1

Social Democrat

Ghana Katılım Eylül 2020
153 Takip Edilen71 Takipçiler
Sethoo
Sethoo@einfoGH1·
@Agendawura Oh bra, Aden? Dema 3y3 black Volta flow? 😂
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Ye 🥷@Agendawura·
Even Cole and Drake can't flow like Manifest. EL deɛ no fit bro
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Sethoo
Sethoo@einfoGH1·
@OwusuJR_ Hw3 no! 😂 what’s dumbed lyrics?
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SITSO
SITSO@OfficialSitso·
If the white jersey is Ananse and the yellow is Makola does that mean the green is Kontomire or what?
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Sethoo
Sethoo@einfoGH1·
@Dommychou What I am saying is that per the BoG Acts some losses are to be treated differently from the operation loss. So what’s the issue here?
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TheGreat
TheGreat@Dommychou·
@einfoGH1 Can you please be more elaborate so we can have a more meaningful conversation?
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TheGreat
TheGreat@Dommychou·
The current Governor, while in opposition, criticized the BoG for recording FX revaluation losses. Today, under his supervision, the BoG has recorded FX revaluation losses of GH23B. My simple question is this, was it also due to inefficient management? Secondly, you and your cohort seem fixated on the phrase “operating losses” in an attempt to divert attention from the broader issue of total comprehensive losses, which indeed amounted to GH35B. Numbers do not lie, if they did, the Bank’s equity position would not have declined by GH35B. Thirdly, Kojo is well within reason to argue that, excluding the one-off gain from gold sales, total losses could have reached GH44B. That is a fair and defensible argument. Even Theo Acheampong appears to acknowledge this, given his comments that such gains/losses are expected to become a regular activity for the Bank of Ghana going forward. You cannot criticize something while in opposition and then justify the same thing once in power.
TheGreat tweet media
Blaque Gatsby@blaquegatsby

@Dommychou What did those losses contribute to the Central Bank achieving itd core mandate? And those losses were not added to operational loss. Kojo Oppong Nkrumah says that's an operation loss in his press conference and gave a total of 44 He's confused

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Sethoo
Sethoo@einfoGH1·
@Dommychou Whatever it was they were part of govt’s expenditures and so was supposed to be added but u chose to separate it to make your deficit low and debt to GDP low based on your so called “accounting” presentation. At the end of the day we knew what happened.
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TheGreat
TheGreat@Dommychou·
@einfoGH1 Do you understand what “below the line”means in accounting?
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Sethoo retweetledi
COMRADE SHARP
COMRADE SHARP@ComradeSharp·
Happy birthday to the hardworking Minister for Lands and Natural Resources, Hon. @ArmahKofiBuah. Stay blessed, boss❤️🎉
COMRADE SHARP tweet media
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Sethoo retweetledi
SIKAOFFICIAL🦍
SIKAOFFICIAL🦍@SIKAOFFICIAL1·
Prof. Justice Bawole, a lecturer and former Dean of the University of Ghana Business School, has strongly condemned the growing ridicule of basic school students, particularly newly graduated BECE candidates, by some content creators on social media. He criticized the practice of exploiting the weaknesses of these young students for online attention, referencing a recent incident where a content creator approached candidates after their BECE English paper and interviewed them in English while deliberately mocking their responses and intelligence in an attempt to gain traction online. [🎥: Prof. Justice Bawole]
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Sethoo
Sethoo@einfoGH1·
@gboakogh Hw3 na what crisis was bigger than the economy u left us and was inherited by JM?
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Gideon Boako, Ph. D
Gideon Boako, Ph. D@gboakogh·
This is the biggest non-crisis loss in BoG history A GH¢15.6bn loss (over GH¢34bn in reality) without a crisis. This is a major failure! There has been no crisis to manage since the government took office, so there is no excuse for these losses. No COVID. No banking collapse. No global cost of living crisis. No debt crisis. NPP fixed all the crisis by 2024 and left GDP growth of 5.8%. NDC inherited stability and gold for forex and are squandering it. They have reversed the recovery plan NPP handed to them. Under NPP, losses were falling. Now they have spiked. The recovery path has been destroyed in just one year. see the figures: 2023: GH¢13.23bn 2024: GH¢9.49bn Now 2025: GH¢15.63bn That is regression. If it continues like this we may never leave IMF program or return quickly by 2028. After selling 18 tonnes of gold built under NPP, they still posted record losses. They are only consuming buffers, not building value. NPP, using a Bawumia initiative, built the gold strategy which the NDC happily and speedily adopted but are misusing. The gold policy was designed to stabilise and strengthen the economy. But, it must be supported by measures to stimulate growth for jobs and prosperity. NDC is using it as a crutch for just the optics, and not a tool for growth. Settings will make you look good but not forever when businesses are suffering. Yes, the cedi looks stable, but: • Businesses are choking • Liquidity is tight • Incomes are shrinking • Lights are off • Manufacturing is low • Cocoa farmers are owed huge payments • Teacher trainees are fed once a day instead of three meals • Teachers and nurses have worked for more than a year without salary This is cosmetic stability, plenty of makeup over real hardship. A government of pure optics. These losses are self-inflicted. Home-grown. Nothing external changed. The only variable is bad policy decisions. They are draining the system while people suffer. Liquidity costs have doubled, yet businesses cry there is no money in the system. This is a policy designed to benefit a very selective few and working against the real economy and so while BoG loses, some individuals and banks gain. The central bank is bleeding, while commercial banks are profiting. Yes, banks making profit but by policies that make them support businesses and the real economy. Credibility of this government is collapsing. A central bank’s power is trust and discipline. Both are now eroded by poor decisions and weak governance and decisions taken by politicians for self interest. Let us remember. This is the biggest non-crisis loss in BoG history and after inheriting stability from the NPP That is the NDC record unfolding right before our eyes but it is not surprising because "deɛ yɛnim no awia no, yɛnsɔ kanea nhwɛ anim anadwo". If we are not careful they will destroy the legacy NPP left them by introducing gold as an anchor for currency and other macroeconomic stability. They are failing in implementing Bawumia’s blueprint. It is scary!
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Sethoo
Sethoo@einfoGH1·
@JoyNewsOnTV I think the engineers are being educated every now and then, traveling to Canada every year for in-service training and professional training. They are doing well with limited budgets.
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JoyNews
JoyNews@JoyNewsOnTV·
"Thank you and I am so proud. We fixed that problem and we didn't need the white man to do it." - Kofi Bentil showers praise on engineers who solved the problem. #Newsfile
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