One important thing about CREDIT SYSTEM is, If a country relies heavily on foreign debt or transactions in dollars, fluctuations in the dollar-cedi exchange rate can increase the real cost of repaying dollar-denominated loans. This can put further strain on the economy and make a domestic credit system more difficult to sustain.
This is not the time to be distracted by trivial policies like the Credit Score System. As Ghanaians, our focus should be on more pressing issues such as exploitative pricing, which has burdened us for generations. Price control must be a top priority. How can we achieve stable prices similar to other democracies? Progress should be logical, step by step, not in reverse. We should be asking Dr. Bawumia what concrete plans and policies he has to ensure clean water for our communities. What measures will be taken to prevent the dollar from relentlessly devaluing the cedi? These are the critical issues that affect the very fabric of our existence. Yet here we are, distracted by meaningless rhetoric from certain leaders, driven by greed, putting the cart before the horse.
No, it’s a liar. Don’t believe them. Go and find out what it takes to establish a credible credit system in any country. It’s all about the economy. How are the indicators, you can even manage that, how can you manage credit system?
@ No sir, are you ready to debate? Tell me when last Ghana as a country paid it debt? Even As a country we can’t use credit system , how do we expect individuals who are leaving hand to mouth to be able to use this credit system. There are no social interventions to support the working class, the vulnerable in our society and you are here talking about credit system. Don’t let me set five questions for you to answer …lol. Will be waiting for your answer! Credit score system is good, but based on what?
What’s all this jokes for? This government too ah!! At this state you’re introducing a credit score system, do they know the infrastructure and cyber security that requires?
High inflation and currency devaluation can lead to lower incomes in real terms, reducing the ability of borrowers to repay debts and increasing the risk of default. Journalist ask the right questions and stop this fan fooling
Renew your mind, don’t let cheap politics blind you from relevant prospects. I am not telling you to vote NPP but appreciate initiatives. What is wrong with this? Or you don’t understand what role credit scoring plays in global economies?
@@frankakudugu7558 where does Ghana stand in the global economy, are we able to pay our debts? “It’s about the economy stupid “. This is not an insult to you, it’s just a saying. If as a country our currency is weak, our economic indicators are bad, we can’t pay our debts, if you like supply milk through our taps, you will be missing it big time. When the fundamentals are weak, you cannot build anything on it. Including credit system. Give people credit, if they can’t pay, how will you recoup your money. Today most people borrow money with their Momo and they can’t pay. If you want to send them some small money out of your scars money, they will tell you use another number. Are we ready for all of these when people take money and they can’t pay?
@@frankakudugu7558 this is not politics sir, it’s about if you really understand what credit score is all about. I am ready to debate you on that if you have time. I am not playing politics here. Intellectual discourse here if you are ready sir!
One important thing about CREDIT SYSTEM is, If a country relies heavily on foreign debt or transactions in dollars, fluctuations in the dollar-cedi exchange rate can increase the real cost of repaying dollar-denominated loans. This can put further strain on the economy and make a domestic credit system more difficult to sustain.
I can’t lie, this is pretty great!
This is not the time to be distracted by trivial policies like the Credit Score System. As Ghanaians, our focus should be on more pressing issues such as exploitative pricing, which has burdened us for generations. Price control must be a top priority. How can we achieve stable prices similar to other democracies? Progress should be logical, step by step, not in reverse. We should be asking Dr. Bawumia what concrete plans and policies he has to ensure clean water for our communities. What measures will be taken to prevent the dollar from relentlessly devaluing the cedi? These are the critical issues that affect the very fabric of our existence. Yet here we are, distracted by meaningless rhetoric from certain leaders, driven by greed, putting the cart before the horse.
Well done Dr. Bawumia
My question is, why doesn’t he wait to become president to do this @Dr Bawumia? And if it by Akkuffo Addo, why this time?
Is the government a financial institution? What nonsense
No, it’s a liar. Don’t believe them. Go and find out what it takes to establish a credible credit system in any country. It’s all about the economy. How are the indicators, you can even manage that, how can you manage credit system?
I smells lots of ignorance here 😢
@ No sir, are you ready to debate? Tell me when last Ghana as a country paid it debt? Even As a country we can’t use credit system , how do we expect individuals who are leaving hand to mouth to be able to use this credit system. There are no social interventions to support the working class, the vulnerable in our society and you are here talking about credit system. Don’t let me set five questions for you to answer …lol. Will be waiting for your answer! Credit score system is good, but based on what?
Wow!!! Such a poor video quality!
What’s all this jokes for? This government too ah!! At this state you’re introducing a credit score system, do they know the infrastructure and cyber security that requires?
Ka na ka bio me nua
High inflation and currency devaluation can lead to lower incomes in real terms, reducing the ability of borrowers to repay debts and increasing the risk of default. Journalist ask the right questions and stop this fan fooling
Another scam.
😀😀😀😀😀😂😂🤣🤣
If you can launch this, why doesn't he revoke the taxes he said he will when he comes to power
He can only revoke it when he comes to office because he will need to pass a law in order revoke.
Scammer 1
Such a joke!
Renew your mind, don’t let cheap politics blind you from relevant prospects. I am not telling you to vote NPP but appreciate initiatives. What is wrong with this? Or you don’t understand what role credit scoring plays in global economies?
@@frankakudugu7558he clearly doesn't. Just save your breathe hun
@@frankakudugu7558 where does Ghana stand in the global economy, are we able to pay our debts? “It’s about the economy stupid “. This is not an insult to you, it’s just a saying. If as a country our currency is weak, our economic indicators are bad, we can’t pay our debts, if you like supply milk through our taps, you will be missing it big time. When the fundamentals are weak, you cannot build anything on it. Including credit system. Give people credit, if they can’t pay, how will you recoup your money. Today most people borrow money with their Momo and they can’t pay. If you want to send them some small money out of your scars money, they will tell you use another number. Are we ready for all of these when people take money and they can’t pay?
@@frankakudugu7558 this is not politics sir, it’s about if you really understand what credit score is all about. I am ready to debate you on that if you have time. I am not playing politics here. Intellectual discourse here if you are ready sir!