Ghana Economy Crashing, Can Ghana survive wihout help?

[@davekelly9807]

I like you video. I am a Canadian so here is simple terms what is important. 1 Buy products and food made in Ghana or your country first including rich on homes doors etc Use Ghana construction firms and workers on government projects..that is USA POLICY period. 2. Buy African second. Must develop own manufacturing. 3. Education is very important so manufacturing..

[@Ekowreelstudios]

Finally got my pinned comment.. Thnx

[@abzig9430]

It's sad, Ghana is increasingly becoming an example for other African countries for what NOT to do.

[@shamsiyaharuna9760]

I agree with you, why is Ghana getting less than 10 percent of it natural resources

[@iyamugeorge5835]

Debt servicing is the cause my friend. It’s sad

[@africanayasmin6210]

Say it again, even the oil we discovered, Ghana is getting less than 5%

[@kwamek9]

Bro. that's true. It's a big problem. As a Ghanaian, I am not comfortable at all. Our leaders must sit up!

[@AfricaNetworks-dq4co]

We simply need a strong leader or PRESIDENT WHO IS TRULY a Pan Africanist, well experienced and devout to lay down his life for Africa without expecting any richness in monetary terms. He must understand what Pan Africanist Philosophy entails, thus what is meant by African Culture. However, irrespective of the many Academic, Professional, and long service most of the Leaders have, I personally think 1963 in Addis Ababa is repeating itself and therefore these are doom days for Africa. Most of us, upon all the agonies we have gone through, may not be able to even show a smile before we leave or say goodbye. We must be seriously careful about the future of our descendants. Especially the Enemies within, must change their attitudes. This is no fear mongering!! What is wrong with the African MIND??? AFRICA MUST AT ALL COST UNITE NOW!!!!

[@Ekowreelstudios]

Hmmmm

[@egbenughevandistobore1058]

@@Ekowreelstudios why can't you Ghanaians can not talk about politics, intertainment and other social topics without mentioning Nigeria, we Nigerians don't blame any of our short Cummings or misfortune on any African countries, but all African countries see thier problems as Nigerians fault. Even the J lawrings you are talking about, Nigerians love him more than you Ghanaians, when I told a Ghanaians that we Nigerians dream of having him as a president of Nigeria, what comes from thier mouth is that devil? Now he is gone, and things is not working for you anymore, now he is a hero. Now talking about ownership of your resources and National interest, tell me how many indigenous companies Ghana have?non, but you want to fight foreign investors when you don't have your own indigenous companies, and this is the difference between Nigeria and most African countries, because Nigerian control 90% of his resources by our indigenous companies and banks, up to the extent to Ghana and Kenya we are spreading our companies and brand, now tell me what other African countries are doing, instead of learning and joining Nigeria, they are beefing and acusing us of trying to colonised them. Please let stop talking and start to take positive action. Nigerians stop to import rice and we start our own rice production, at first it was hard but now we are African largest rice producers ,even with the largest rice plant is still under construction in lagos. But when we started it, our main opposite are you Ghanaians and other francophone west African countries, because we simply ask you guys not to stop import any rice you import to your country into Nigeria, except the ones you produce in your own country. I think this suppose to be lesson to Ghanaians to start thier local rice production but, no they keep on importing foreign rice, as if to produce a common rice is rocket science.

[@Ekowreelstudios]

This the problem i have with some of you. Did I talk about Nigeria out of context ? Come on perhaps we talk about u cos u are in the picture. Come on , cut this paranoia and think straight my friend . I mentioned UK and US in the continent, I haven't yet seen any American here telling me y I spoke about US . I am not here to chase clout and I guess some of u truely should look into your own paranoia. Its getting irritating by the day. Do you think ur companies and banks are in other countries to do charity ? In Ghana when Nigerian banks came at first , nobody trusted them and wanted to do business with them. It took years of convincing and proving before Ghanaians finally embraced Nigerian banks . There are many Nigerian companies in Other places. Dont u think its good for u? This myopic way of some of u viewing things is dumbstrucking . And in case u think we don't know whats happening in Nigeria , we know ok. We pray for the good of Nigeria cos I believe its important for Africa . Stop this over-self worth and and control ur out of control ego. Ur companies are here because they like the business environment, the friendliness , the structure and other indicators that attracted them. Am not sure they will leave their country with over 200mil population with more than 80million people unemployed then move to a small country like Ghana to do business because they wanna do charity or provide employment for hungry Ghanaians. My guy, control ur ego. Good morning.

[@ominiekwe7241]

Well done brother Good analysis, what I understand that really cripple Ghana economy was when Ghana government removed some zeros from their currency in order to give it more value in global exchange rate which is ok without paying attention to local manufacturing and export. Nigeria wanted doing such thing but Nigeria legislature stop central bank of Nigeria, ok, the currency has value, but what is the purchasing power?. I remember in one of your video when you visited Nigeria and you were saying that things are cheap here in Nigeria, one person commented by saying the Nigeria economy is weak to that of Ghana that's why. May God help Ghana, one Love Africa

[@Ekowreelstudios]

Thanks for the comment . The redenomination of a currency has nothing to do with over-valueing your currency. Ghana cedi was the strongest currency in Africa and the economy was the fastest in Africa growing 7% just 2years ago. So my question to u is, it has been 18years since the cedi was redenominated why haven't we faced this downtrend until after 18years . This is basic economics( see such comments many times and I laugh over it.) . Ghana's vunerability which has been exposed is due to high spending , high borrowing and excessive importation. This why covid and ukraine war most especially has hit Ghana hard .. Guess what, if u don't have a strong fundamental to back a redenomination u could crash ur currency almost immediately. If it was easy am sure many countries such as Nigeria would have done it for convenience sake . Ghana cedi was very strong when it was redenominated. Rmember at that time Ghana had just come out of HIPC so the economic was more like on reset .

[@Ekowreelstudios]

The main problem is higher importation and foreign capital flight. Also, the fall of the cedi to dollar is due to Fear , uncertainty and doubt in the economy. Which means is more speculation .The president just announced his measures. I just hope it improves the situation.

[@ominiekwe7241]

@@Ekowreelstudios we pray things get better for Ghanaians and Africa as a whole

[@Ekowreelstudios]

@@ominiekwe7241 Amen , well appreciated boss

[@proudlyafrican3373]

Just as Ekow said. We must be clear with our national interest and protect it at all costs.

[@patrickwelbeck8719]

GHANA should not give up but stop foreigners from buying our lands and also foreigners taking over our resources.

[@edigeorge548]

What foreigners are buying your lands Africa America or Nigerians just a question 🤔?

[@patrickwelbeck8719]

@@edigeorge548 which one are you?

[@salifuabubakari5414]

but what did Nana see and said Ghana beyond aid? it means that some African leader's have no idea about Governance

[@benbo7042]

That old man is the useless old man in Africa.

[@AfricaNetworks-dq4co]

Dear Ekow, You are fully right. Please take time to read all the following contributions below. God bless you and thank you for the historical info.

[@Ekowreelstudios]

Welcome

[@niiamu3300]

Currently, Ghana is being punished because Ghana is trying to have control over cocoa, gold, lithium, etc.

[@nanahakpe7735]

Another ghanian economic ILLITERATE spotted 😂😂😂😂

[@AfricaNetworks-dq4co]

This is not new, and that is why African Unity is imperative. Unity will ease sanctions.

[@niiamu3300]

@@AfricaNetworks-dq4co, Correct!

[@benbo7042]

Stop lying to yourself. This criminal government is looting from the national coffers. This is why Ghana is suffering.

[@niiamu3300]

@@benbo7042, You are part of the problem. You are a thief! You are corrupt! You still from your own people. Thief! Hypocrite!

[@kofio.takyi-mensah2431]

Very interesting and informative episode! Keep it up! It's highly possible, the development of New Africa.

[@fletchereric5920]

The finance Minister should resign from his position simply

[@herogebrial]

Most African countries need to re-evaluate their politicians on a yearly basis. Accountability is key.

[@Ekowreelstudios]

This is a great point. Surprisingly I thought of same couple of days ago. I even thought of anti-corruption rating as well where every year the government will be rate as corrupt or anti-corrupt

[@herogebrial]

@@Ekowreelstudios its the only way, ekow! We, Africans need to stand up and move forward!

[@iyamugeorge5835]

Good one my friend. These topics has to to addressed.

[@moham.279]

Africa should take control of their Natural resources. Ivory Coast, Ghana and Nigeria should stop exporting their raw Cocoa and ad value to it by producing their chocolate for export and so many other raw materials…

[@taofikakinyemi7417]

You talked about pressuring government when we are faced with similar problems like this ,you don't need to tell us Nigerians when we pressure our government we pressure our government at all times many times we tell you that there's gonna be problem you tell us your governments is the best in the whole world, your country is the best in the whole world then you start. Making fun of Nigerians problems now you want to drag us into your problems please it's none of our business we told you but you were full of praises to your government

[@benbo7042]

When you vote for old men to lead you, don't expect any change.

[@angelabanks4405]

It comes from the word forgiveness

[@benbo7042]

Go back to your village.

[@victoriaamankwaa586]

Hmmmmmmm

[@ronaldmadziro5679]

We need to bite down and push to be self sufficient,we need ownership and use our resources to back our local currencies. Now is time to go through a rough patch so we can take control of our assets,we must refrain from IMF and reject those who want to keep us in colonial chains.

[@lindaagyeman2471]

I think the current government is building all this infrastructure with borrowed money, which l think is a bad investment,

[@salifuabubakari5414]

Ghana is the only country that have no respect for their own currents. in our hotels they charge with Doller even our local lands they ask for Doler. so how can people who don't know the meaning of economy go forward?

[@niiamu3300]

Economy crashes and bounces back. It's not the first occurrence. So called Great Britain is going through a rough time too. Some working people in Canada have to go to the "food bank" to feed themselves.

[@proudlyafrican3373]

Bro, dont compare what happening in Ghana to what's happening in the West. in the West now we have access to a lot of job opportunities. Many job need people to come and work for a good salary but can't get much. can u say the same about Ghana.

[@niiamu3300]

@@proudlyafrican3373 Where did you read "compare" ? What was the comparison? Example? Go and read the statement again and come back. Ghana needs to fix it's problems. Other countries (Pakistan, Sri Lanka and many more) have their problems to fix too. So, Ghana should go ahead and find solutions to its problems.

[@johnampiah2110]

@@proudlyafrican3373 is that why all Africans who travel to the west get sucked and has no money in their bank accounts a country that you live to pay taxes for all your life none stop work no life there is nothing special in the west bro stop it.😂😂😂😂

[@niiamu3300]

@@proudlyafrican3373 is Ghana the only country suffering? Why do you think you are the only people in crisis? Why do you think your crisis is the 'biggest" in the world? Ghana should find solutions to it's problems. STOP behaving like you are the only people suffering! Lol!

[@niiamu3300]

@@proudlyafrican3373 We just had our interest rate jacked up. Lots of people are going to default on their mortgages. You what that means? Three defaults and the bank takes your house. Working people can not afford 2 meals. They have to go to a "food bank" to get free groceries. Food banks are not meant for working people but things have changed. The point is, if you don't know someone's problems you think yours is the worst. Hopefully Ghanaians with some brains will help the government come up with solutions.

[@truth884]

Rwanda seem to be pretty business minded

[@ronaldmadziro5679]

Rwanda is very much dependent on Aid from the West,they receive more Aid than any country in Africa today. It’s why they destabilise the Congo and steal their resources so they can export it to their Western backers,so Rwanda is pretty much a vasal State for Western interests. Another country that is showing high economic figures is Ivory Coast,they are resource rich and barely own anything,they give up ownership to France in exchange for IMF money to build projects owned by France,in the short term it creates an illusion of prosperity,but in the long term it creates servitude as the nation has no sovereignty at all since they are controlled by France.

[@researchtwins]

Ghana should first understand the value of its own natural resources. Ghana doesn’t use gold, diamonds, bauxite, lithium, etc for anything. Foreign opportunists realize this. Until Ghana uses it’s own natural resources for its own people…obruni will just offer small peswas for um and go make billions off it.

[@flynnsekyi8662]

We have to have government agencies dealing with consultancy businesses and some criminals like, some Police, Lawyers,etc takes are money away true % in banks/offshore account

[@donbrown2974]

That's why Afrika must have a uniform national currency. Sorry, we must do it ourselves or we can not escape the vicgrips of brutal exploitation and oppression.

[@Ekowreelstudios]

Bam!!!

[@louistan7560]

Ghana is doing well. All US websites are suspect.

[@benbo7042]

Ghana is NOT doing well. Don't lie to yourself. Ghana is BANKRUPT.

[@olumadesoyemi2102]

African States can stand on their own if the leaders are ready to be truly self sacricing and refrain from betrayals. The undoing is that successive government fail to continue with the positive policies of the previous, rather they yield to pressures majorly because of selfish interests.

[@Ekowreelstudios]

I agree

[@Ekowreelstudios]

Until what you said is applied i don't think we will ever come even close to achieving true economic independence.

[@sumayyaporche3225]

Absolutely 💯

[@truth884]

50 percent is too much for outside investors

[@truth884]

I agree with you 1000% about African countries needing to look after their interests first. No other nations would allow foreign entities to have that much ownership in their countries or their industries.

[@Ekowreelstudios]

Yes. You are very right.

[@taofikakinyemi7417]

Why don't you just talk about Ghana problems and profer solutions rather than talking about Nigeria, our scope is not the same so our problems are not the same

[@Ekowreelstudios]

This is very frustrating man, if u did comprehension at school am sure this isn't a difficult topic to understand. I spoke about how JJ Rawlings stood for the National interest of Ghana . How does that translate to talking about Nigeria?

[@taofikakinyemi7417]

@@Ekowreelstudios you asking me if I did comprehension at school you need to listen to yourself very well to know that you're empty, most time you always lost in trying to understand the vocabularies you use ,you stammering too much at it sometimes you choose to use it like that even if it doesn't mean what you meant to say you asking me if I did comprehension in school ,me I'm not you standard, my level as gone beyond you point I'm not your category I have gone beyond education, training and development I hope you can get it

[@Ekowreelstudios]

I respect and appreciate your level. My point is clear and I mean to say that the video wasn't about Nigeria , it is in reference to a Ghanaian historic where our then president stood still in the midst of pressure from the West and even Nigeria . I hope this isn't difficult to understand sir. Sorry if I offended u with my statement. That isn't my intention, my apology .

[@taofikakinyemi7417]

@@Ekowreelstudios you talked about Nigeria been pressured by the west to cut oil supply to Ghana invariably trying open a can of worms if that was the the case which I don't think trying to paint Nigeria in bad light eventhough your caption was about Ghana

[@Ekowreelstudios]

If u heard me right I said there are two theories. 1. External pressure 2. Nigeria government ' own security interest I don't know whether u just decided to pick and chose from the video but the main point its clear. Thnx for the Engagement.

[@lifeisthebestteacher]

Help???

[@sholasholknb9199]

Ekow focus on solutions to Ghanaian economic challenges and stop talking about Nigeria 🇳🇬, those are distractions , our countries have invested in our education. Agriculture , agro allied, teaching of right skills etc will help Africa. Doresearch about Asian tigers, India Turkey 🇹🇷 etc rather than rambling about problems without preaching solutions

[@Ekowreelstudios]

Dint talk about Nigeria . Is a refrence i made about Rawlings standing up for what he believed was right at that time. U know , if u take time to read our history u will find out that Ghana and Nigeria have gone a long way and its somehow difficult to talk about Ghana's mid 80 history without stumbling on making Nigeria references.

[@mbahebukaernest6909]

Where did you invest that lier .....i am also a nigerian , but i call myself an african first

[@williseugene8681]

@@mbahebukaernest6909 From his father and the whole Ghanaian Ancestors

[@benbo7042]

And yet tens of thousands of you flock to Ghana like crickets for greener pastures. You mumu.

[@cmartin5903]

Ghana will not fall, especially if leaders can put God first...and God increase the nation. I believe the future will be great, but hopefully IMF stipulations doesn't spit in Ghana face as they do for every nation. See America is most tricky with everything they do. Why go to IMF ? Perhaps they know that they can pay back and it's a strategy, then I would say coodoos. But as it is now, the growth 💹 of the country should consistently rise. Exports and industry should increase and that should aid in cancelling some debts. If they have proper advisors and economists, and the president puts God first, just like Israel of old did, his hand will be a blessing.

[@isaacobeng9340]

Ok so from tommorw going let's all stop work and put God first. I think of we pray 24 hours everyday God will let money fall from the sky and save Ghana. After that God will bring angel workers from the sky to build our economy, railways,technology and infrastructure. After the angels have finish their work they will present it Ghanaians and say this for you people for praying and God has answered your prayer. Can I ask you 1 question, how come the white man who brought you the bible doesn't put God first and doesn't even go to church but his country is more advance than yours? It's because while you are at church HE is building. Kwasia Kwa wake up

[@benbo7042]

Shut up you villager. God doesn't rule a nation. He gave you brain to make the right decisions. Why do you villagers think by going church and praying , your economy will get better? What a foolish way to think!

[@lilacer6841]

8f Ghana pegs their currency to US dollar and Euro why wouldnt your currency depreciate? The US dollar is now very strong with high inflation. So you in Ghana and elsewhere have to pay for the high inflation in the West. Educate yourselves

[@Kastady]

Exactly. Education is key. Yet they claim they are very educated😥

[@richmondgabusu8197]

The only solution for Africa is to learn from singapore

[@taofikakinyemi7417]

Must you always talk about Nigeria, you topic is about your country Ghana falling now you switch to Nigeria

[@Ekowreelstudios]

Oooooo snap, did u understand the reference ? I am yet to see Americans and British come at me to ask me why I talked about them because I talked about these two countries before Nigeria . The paranoia is deep.

[@taofikakinyemi7417]

@@Ekowreelstudios you an educated illetrate Ghana product ,you're full of hatred for Nigeria you can not hide it, the U.k and America you mention are your gods you worship them but Nigeria been black Nation you only try to be modest in your hate we know you

[@afolabifatusin7211]

@ekow, nobody pressurised nigeria to reduce the time lag for payment crude oil to ghana. Nigerian economy had started coming down then and the country needed it's resources to restructure the economy. Coming, is that how you sell your gold cocoa etc and then wait for six months to collect the money? Even now you don't pay for gas supplied to you until nigeria threaten to cut it off. You export oil now, do you wait for even a week? You see that's the problem I have with you

[@Ekowreelstudios]

As stated in the video , that moment was very tensed in terms of Ghana-Nigeria relationship. It was the same period in the early-mid 80s when we saw the Ghana Must Go. True Nigeria was also facing difficulties but its recorded that part of the decision was made to dissuade JJ from executing the generals. Its well documented history .

[@nanahakpe7735]

@@afolabifatusin7211 Ghana Government was recently caught stealing Nigeria oil

[@kwekubaboni1195]

Your topic is very interesting but Chale the sound

[@Ekowreelstudios]

Ok next time

[@kwekubaboni1195]

@@Ekowreelstudios Yh pls do… tho I still watched

[@proudlyafrican3373]

@@kwekubaboni1195 ys. very interesting but the audio was freaking.

[@kwekubaboni1195]

@@proudlyafrican3373 yh

[@kelugu3776]

If Rawlings did such a great job of combatting corruption, why is Ghana more corrupt now than ever before? He was one of Ghana's longest serving presidents (if not the longest) and yet he succeeded in changing nothing. In contrast, Kagame has changed his whole country - not by killing generals, but by changing his people's mindset from the ground up. Watch and learn, Ghana.

[@mrw1762]

Didn't people mobilize almost every weekend to clean up, those days? Because they saw him out there in the trenches with them....we left that as soon as someone is not on top of us and reversed. How is that Rawlings fault? Kagame's situation is vastly different...they came out of a civil war and had a lot of countries come to their aid directly not like anything else seen in Africa. Rawlings befriended socialist leaders like Castro and Gadaffi and got punished by the west.

[@Onecryptogh]

The Constitution at the time and now killed the Generals....I felt only sorry for General Afrifa .....he loved Ghana just like Rawlings did and he Rawlings knew it but I blame Rawlings for not withstanding the pressure from the other Generals to execute Afrifa

[@cmartin5903]

50% is too much for them because they draw from every country. They don't care about you, you have to have your own drive and fight the battles. Foreign aids go to foreign companies. Anyways, even Europe was in a similar state before they developed. Are you guys using the resources to build, do you have the skill set to produce at their level. See, all those nations had slaves to work for them and cheap labour, plus harnessed skills that they needed to survive. They are quite robust to survive, but what of Africa? We need spiritual, psychological, industrial, etc aid. But no begging...you are not 🚫 meant to beg. Look up and ask for a vision and hands to fulfill it. They say blacks are cursed because the leaders are selling out but in truth, all of the west has aid from foreigner to build their economies, Jewish nations, Africans, and other nations.

[@niiamu3300]

Has the great Nigerian crude oil benefited the country Nigeria and the people of Nigeria?

[@mahlatsebodibeng368]

It is a shame in a long run Nigeria will brought to its knees just like Zimbabwe if they try to benefit more. Cruel Pretending Western countries.

[@niiamu3300]

@@mahlatsebodibeng368, It's being done already since 1984.

[@niiamu3300]

@@mahlatsebodibeng368, In 1980, 55 Kobos or 0.55 Naira was to $1 USD. Nigeria has not recovered since then. Now it's $1 to 437.66 Naira. Most developing countries are being controlled by the west. Nigeria should have been a great country by now. The crude oil is not benefitting the majority of the citizens. Developing countries need to team up and free themselves from the financial shackles of the west (WTO, IMF, WORLD BANK, USA, EU, etc). Developing countries will not win as they are operating individually. Team work should be the goal.

[@niiamu3300]

@@mahlatsebodibeng368, it is already under control by the west since 1982. The various governments have been useless. Developing countries need to team up to free themselves from the west.

[@dubemellit2932]

@@niiamu3300 …Ghanaians with their inferiority complex 😅😂🤣 The subject is about Ghana collapsing economically, you left the subject at hand about your country and jumped into Nigeria..haaaaba Ghana!

[@nanahakpe7735]

Typical Ghanian "armchair analysis". .. always seeing problems but no action. What baffles me is the fact that whenever there is a problem in Ghana, they find a way to make it an African thing or try to rope in NIGERIA. I don't get.......... Guy focus on your country's economic woes

[@proudlyafrican3373]

Typical Nigerian lacks common comprehension . The guy talks about US and UK but u went with your hysteria, jealousy and paranoia to identify ur useless country .

[@nanahakpe7735]

@@proudlyafrican3373 😂😂 😂jealous of Ghana ?......what do guys have in Ghana ? You are here talking about "comprehension"............😂😂😂when all your best brains are illiterates in Economics...... They practical scored F9😂😂 😂😂😂😂😂 It is called Ghanianomics

[@proudlyafrican3373]

@@nanahakpe7735 everything bad in Ghana is worse in Nigeria . Dont compare ur flooded zoo to a country figuring it way out off economic crisis.

[@proudlyafrican3373]

Ghana has everything ur zoo can only dream of. Remember in your country u are not citizens but subject .

[@proudlyafrican3373]

@@nanahakpe7735 a country with 59 literacy rate call a country with over 70% literacy rate illiterate. 🤣🤣😂😂 only in Nigeria - Mehn!!

[@nullesetts5855]

If I were you I'll discard this title on your screen bcuz I didn't listen to this content for it being scary regardless of your explanation and content. I don't know what attraction you want but I'm done listening to hogwash under weird title like this. I thought you're a better Ghanaian calling out goblack2africa but your heading and captions repel Ghanaian like me from listening to what you put out there. If everything KZbinr where to headline Ghana in this light we'll be done. This time I choose Ghana over you and your content and I don't care about the content or the body.

[@Ekowreelstudios]

Thank you for your comment, 1. My videos are not meant to repel but to shed light on the truth . 2. i didnt call out Goblack because of anything than his unfounding argument and agenda that was backing those arguments. 3. this video is about our reality and what i believe our leaders must do to safeguard our intrest. life i believe isnt about what we want to hear or how we want to feel. our greatnss is seen through how we overcome in time of adversities . Ghana have been on this road before and we overcame.we shall overcome these too. I love Ghana but wouldnt have to pretend. Thnx

[@edigeorge548]

How you a Nationalist?

[@Ekowreelstudios]

Africa now needs a bit of nationalism. Can u call the west nationalism when they protect their national interest at the expense of Africa ?

[@seth3933]

@@Ekowreelstudios real talk i hate the all that names nationalism simply is love and unity africa needs go back and listen to nkrumah don't give up time will tell nothing stays the same forever not even us ,word to you

[@edigeorge548]

@@Ekowreelstudios I'm just asking you a question, so you're a true nationalism of ghana not for African, please do you want ecowas to disbanded?