• Latest
  • Trending
  • All
Prof. John Gatsi and Akufo-Addo

Dysfunctional gov’t communication cause of Panic – Prof. Gatsi bites Akufo-Addo

October 31, 2022

Buy a 3 or 4-bedroom house at Senco Homes, Amrahia with 3yrs Payment Plan.

September 24, 2023

Your salaries are nothing: yet endangering your lives for tyrant Akufo-Addo – Police told

September 21, 2023

Just In: Police arrested us for standing at the 37 trotro station – Dela cries

September 21, 2023
File Photo

I will transform Ghana to Europe if elected as president – Matthew Asante

September 20, 2023
File photo

Unidentified man found dead near Bibiani Presbyterian School in Western North

September 20, 2023

Nationwide Covid-19 vaccination starts in Ashanti Region

September 20, 2023
Mahamudu Bawumia

Politics of insult is toxic; I won’t indulge in it – Bawumia tells delegates 

September 20, 2023

Top NDC officials tour voter registration centers in Accra

September 19, 2023

Don’t vote for Kennedy Agyepong as presidential candidate – Renowned pastor

September 19, 2023

Answer 170 economic questions posed to late Amissah-Arthur – Seth Terpker to Bawumia

September 19, 2023

NDC’s Atsu Forson donates to support limited voter registration exercise

September 19, 2023

Mahama honors NDC’s Alhaji Said Sinare

September 18, 2023
Eric Delanyo Alifo, Esq. is the President of LINSOD

EC, judiciary, police not promoting good democracy enough in Ghana — LINSOD alleges

September 18, 2023
The late Tauriq Amadu

NDC constituency secretary for Awutu Senya East is dead

September 16, 2023
NDC parliamentary candidate for Pru East, Emmanuel Kwaku Boam

Limited voter registration: Posterity will judge Jean Mensah-led EC – Pru East NDC PC

September 16, 2023

I want to see every sector of NDC hungry for Mahama’s second coming in 2024 – Alhaji Said

September 15, 2023

NDC will be happy to contest against Bawumia who cannot manage the NPP – Alhaji Said

September 15, 2023

NDC’s Leslie Tamakloe donates GHC205K to Volta branch

September 15, 2023

St. Timothy and Titus Anglican Church to organize free health screening

September 15, 2023

SENCO organizes Training Workshop for staff

September 15, 2023

Register and vote against NPP despite injunction – NDC’s Atsu Forson urges Ghanaians

September 14, 2023
Eric Delanyo Alifo, Esq. is the President of LINSOD

LINSOD fires back ‘braggadocious’ Akufo-Addo and AG over attack on Mahama

September 13, 2023

Get your names into the voter register and help NDC rescue dying Ghanaians – Dorcas Afotey

September 13, 2023

Bawumia’s campaign receives low turnout in Akatsi South

September 13, 2023

Refrain from attending Bawumia’s rally – NDC communicator cautions Akatsi youth

September 13, 2023
  • All News
  • About Us
  • Advertise
  • AMN Research
  • My Story
  • Vovoli TV
Tuesday, September 26, 2023
  • Login
Awake News
Advertisement
  • News
    • Crime
    • Peace & Security
    • Diaspora
    • Press Release
    • Photos
    • Videos
    • Religion
  • Business
    • Agriculture
    • Finance
    • Energy
    • Telecom
    • Economy
    • Travel
    • Mining
    • Oil & Gas
    • Tourism & Hospitality
    • Real Estate
    • Transport
  • Politics
    • Awake Election Watch
    • NDC News
    • NPP News
    • CPP News
    • Opinion Polls
    • Elections
    • Flagbearers
  • Education
  • Health
  • ShowBiz
    • Celebrities
    • Concert
    • Fashion
    • Music
    • Lifestyle
  • Sports
    • Football
    • African Football
    • European Football
    • Basketball
    • Athletics
    • Boxing
    • Disability Sports
    • Tennis
    • Other Sports
  • Features
    • Opinions
    • Speeches
    • Poem
    • Interviews
    • Inspirations
    • People
    • People & Culture
No Result
View All Result
  • News
    • Crime
    • Peace & Security
    • Diaspora
    • Press Release
    • Photos
    • Videos
    • Religion
  • Business
    • Agriculture
    • Finance
    • Energy
    • Telecom
    • Economy
    • Travel
    • Mining
    • Oil & Gas
    • Tourism & Hospitality
    • Real Estate
    • Transport
  • Politics
    • Awake Election Watch
    • NDC News
    • NPP News
    • CPP News
    • Opinion Polls
    • Elections
    • Flagbearers
  • Education
  • Health
  • ShowBiz
    • Celebrities
    • Concert
    • Fashion
    • Music
    • Lifestyle
  • Sports
    • Football
    • African Football
    • European Football
    • Basketball
    • Athletics
    • Boxing
    • Disability Sports
    • Tennis
    • Other Sports
  • Features
    • Opinions
    • Speeches
    • Poem
    • Interviews
    • Inspirations
    • People
    • People & Culture
No Result
View All Result
Awake News
No Result
View All Result
Home Business

Dysfunctional gov’t communication cause of Panic – Prof. Gatsi bites Akufo-Addo

Efo Korsi Senyo | Executive Editor by Efo Korsi Senyo | Executive Editor
October 31, 2022
in Business
A A
0
Prof. John Gatsi and Akufo-Addo

Prof. John Gatsi and President Akufo-Addo

65
SHARES
718
VIEWS
ShareShareShareShareShare

RelatedNews & Articles

Buy a 3 or 4-bedroom house at Senco Homes, Amrahia with 3yrs Payment Plan.

SENCO organizes Training Workshop for staff

Republic Bank managing director pays courtesy call on Asantehene

The Dean of University of Cape Coast School of Business, Prof. John Gatsi has sharply responded to President Akufo-Addo for blaming the free fall of the Ghana cedi solely on what he described as activities of speculators and fake news publishers on the cedi.

Senco Homes Senco Homes Senco Homes
ADVERTISEMENT

According to the economist, “Financial market speculation is an active part of financial market operations and speculation thrives on information asymmetry”.

He argued that, is rather a “Dysfunctional governmental communication” that “cause of Panic” on the forex market hence the blame on speculators could be baseless.

“Since the past three weeks a plea was made to government to be clear on the nature of debt restructuring being considered, government failed to provide such information as to whether or not Tbills will be affected.” – He said

“The dysfunctional financial market communication by government is the reason for panic and speculation.” – added

The lawyer further clarified his point that “Speculation is not the same as false news and there is no law against financial market speculation by using available information or non availability of information.”

For him, “Ghanaians should rather question why it takes a government more than three weeks to clearly indicate that treasury bills and pensions will not suffer haircut.”

“Now haircut is one attachment to debt restructuring what about elongation of maturity? Will elongation of maturity take place?” – Prof. Gatsi quizzed

Schooling President Akufo-Addo and government on the financial market, said said:

“What about the information given to and by some mutual fund managers to client to the effect that their instruments are now matched to market so they are are encouraged not to disinvest until market stabilization takes place. The information means people can only sell their bonds they are holding at discount and the reality is that secondary activity in fixed income transactions are illiquid. It seems the President was not given enough information to calm the market regarding the entire topic of debt restructuring. Debt restructuring ought to be discussed with the needed statistics.”

The Country has been experiencing the worse form of economic crisis since the return of constitutional rule in 1992 with prices of basic commodities shooting up by more that 50% and the local currency depreciating against the dollar by over 50% in the last 3months.

Tags: John GatsiNana Addo
Do you have any article or news or story leads? Let Awake News energize that story for you. Send them to editor@awakenewsroom.com or WhatsApp: +233249155003 ========================
Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo | Executive Editor

Efo Korsi Senyo has over 10years of experience working as an investigative journalist. He is the Executive Editor of Awake Newspaper, Awake Africa, and Head of Awake Investigations. Connect with him via senyo@amnafrica.com or WhatsApp: +233249155003

Related Posts

John Gatsi
Finance

Bank of Ghana’s historic losses

by Efo Korsi Senyo | Executive Editor
August 4, 2023
Politics

Nana Addo, Bawumia’s blessings of Charles Opoku are worthless and not a political currency for him to spend anywhere—Alhaji Sinare.

by Japhet Festus Gbede
June 26, 2023
Prof. John Gatsi
Education

SHS students vacating for 56days compromising quality education – Prof. Gatsi

by Efo Korsi Senyo | Executive Editor
February 25, 2023
Mahama and Akufo-Addo
Politics

Akonta Mining: you’ve just affirmed the dishonourable ‘Clearing Agent’ tag – Mahama stings Nana

by Efo Korsi Senyo | Executive Editor
January 10, 2023
Entertainment

Ghanaians outraged over Meek Mill’s music video recorded in the Jubilee House

by Efo Korsi Senyo | Executive Editor
January 9, 2023
  • Trending
  • Comments
  • Latest
Akufo-Addo

Agyapadie Secret Book: Akufo-Addo, Akyem NPP’s grand scheme to capture Ghana exposed

November 30, 2020

Just In: Police arrested us for standing at the 37 trotro station – Dela cries

September 21, 2023

Your salaries are nothing: yet endangering your lives for tyrant Akufo-Addo – Police told

September 21, 2023

Buy a 3 or 4-bedroom house at Senco Homes, Amrahia with 3yrs Payment Plan.

September 24, 2023

Your salaries are nothing: yet endangering your lives for tyrant Akufo-Addo – Police told

September 21, 2023

Just In: Police arrested us for standing at the 37 trotro station – Dela cries

September 21, 2023

RSS Properties for Sale

  • 8 plots of land for sale at Trasacco September 17, 2023
  • 3-bedroom house for sale at Amrahia September 17, 2023
  • Affordable house for sale at Amasaman August 31, 2023
  • 3-bedroom house for sale at Adenta August 16, 2023
  • 2-bedroom house for sale at Adenta August 14, 2023
  • LEGITIMATE LANDS FOR SALE AT PRAMPRAM August 11, 2023
  • REGISTERED LANDS FOR SALE AT COMMUNITY 25 August 11, 2023

Vovoli TV

ADVERTS

Awake News logo

News Production & Advertising

Awake News is published by AM Network which seeks to give readers balanced and credible news from across Ghana and the world. We focus on giving our reader the reason to return to our portal for any news and why advertiser must place their ads on our portal...read more

Services

  • My Story
  • Advertise With Us
  • AMN Research
  • Contact Us
  • Vovoli TV
  • Awake Investigates

Partners

  • SenyoMart
  • GoPropertyLink.com
  • Senyo Global Solutions
  • FNN24.com
  • LoudSilenceRadio.com
  • GHface.com
  • myxyzonline.com
  • SenyoHost.com

 


Do you have any article for publication? Are you an eyewitness? Submit your stories and articles now via awakenewsonline@gmail.com or WhatsApp: +233249155003

  • All News
  • About Us
  • Advertise
  • AMN Research
  • My Story
  • Vovoli TV

Copyright © 2012-2020 | Awake News

No Result
View All Result
  • Vovoli TV
  • All Latest News
  • News
  • Politics
  • Education
  • Business
  • Health
  • Sports
  • Opinions
  • Entertainment
  • Press Release
  • My Story

Copyright © 2012-2020 | Awake News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Senco Homes