
Educative News Room |PressHere2Follow
May 17, 2025 at 09:27 AM
Why did government issued a press release that there is NO ban on dollar accounts or dollar withdrawal?
Especially if that fake information is helping drive the dollar down?
Whether you like it or not, governments DO NOT like it when the dollar go down too fast or go down below a certain level...
The reason is that when exporters sell their goods abroad and bring down their dollar to Ghana and exchange it for cedi-equivalent, the amount becomes smaller than they used to get. The question is if it were you, will you continue to export more and take losses or reduce export to wait for the dollar to go up?
Example: When someone who exports banana and gets 16gh per dollar in March, and now gets 12gh. The person is losing 4gh (25%) due to the dollar rate.
So in short, governments are not just concerned about high dollar rates, but low dollar rates as well!!!
Anyhow you understand EQUILIBRIUM, the principle is applied here too
More details and guides here
https://whatsapp.com/channel/0029Vatz8i46LwHeeip7a61x
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