For God and country
Sekondi
Joined August 2019
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Of course the major currencies can absorb shocks compared to ours.
These are some evidence of currencies of emerging economies are struggling.
The evidence is there!
Egypt's currency jumped from 18.33 in 2022 to 49.66 in November 2024
Naira from 365 : 1 $ in 2020 is now 1,689 to a dollar in November 2024
CFA franc from 539 in 2021 is now 620 against the USD. @TheTPatriots @thenanaaba @new
It's important to note that these dates are just estimates, and the actual shelf life of a product can vary depending on factors like storage conditions and how the product was handled.
The Kenyan shilling went as high as 163 this year from 102 before covid. We cannot rule out covid. In fact Mahama admits it. He can't be the one too fix this problem.
In 2019 before covid, Ivory Coast's CFA was 595 against the USD. It is now 612. You'll be a fool to discount the impact of covid, the wars etc on developing economies. Your Mahama can't change much, it is beyond him. Give us breathing space!!!!!!
Sensible people know that this is the effect of covid and the wars which affected global supply chains. We behave like we are not connected to the world.
The developing economies haven't had it easy after covid. In fact the Great America saw rising cost of living after the pandemic. That's the Gospel truth but Ghanaians are not ready for that sadly.
