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Gold Coast Holdings CEO, Kwame Ofori Asomaning, suggested the printing of more local currency as a solution to Ghana's financial challenges.
issues its own currency, affordability is not a problem, "said Mr. Asomaning the point of view of Citi TV
before the mid-1990s budget. year, the financial constraints of the nation were the subject of speculation.
But Mr. Asomaning insisted that "the government of Ghana can never tell me that it is broke because the government of Ghana can issue money to an unlimited amount."
He noted, however, that such a measure would work as long as expenses were paid domestically.
"As long as they spend that in the country, Ghana, and as long as there are resources available to spend the money, the Gh ana government can pay for everything that they want to spend. "
Unlike individuals who face budgetary constraints, such challenges can not happen to the government because" it is a money issuer and not a money user ".]" Take for example MTN or Vodafone or one of the companies that issue their own credit and give it people, they will never run out of credit. "
The printing of currencies to mitigate financial crises is known to result in mbadive inflation [19659005] But Mr. Asomaning does not anticipate such challenges because the impression of more money would be demand driven and not cost driven.
"We have other places where There is more room for spending.Inflation comes only when we have no room to spend, and we spend on the same object. "
The only area that the Ghana can pretend to be broken is "when it comes to our indebtedness abroad, "he said. ]
On the other hand, Dalex Finance CEO Kenneth Thompson wants Ghanaians to agree that the country is broke . the government must take immediate action to repair what it calls a "time bomb."
"Ghana is broke, face reality, let's fix it and stop this long English," he said. fbAsyncInit = function () {FB.init ({appId: # 1403992796296002}, autoLogAppEvents: true, xfbml: true, version: "v2.10"); FB.AppEvents.logPageView ();};
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