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Stabilisation of the Cedi

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• Cedi in various denominations

In spite of the economic difficulties encountered all over the world including Ghana, various efforts are being made by serious and people-centred governments towards rapid economic recovery and as a country, Ghana is one of the republics that is putting things in place for rapid economic recovery for the overall benefit of the people of Ghana.

When an economy is shattered by COVID-19 pandemic and worsened by the Russian-Ukraine conflict, the effects are likely to engender repercussions that are likely to create turmoil to create disaffection among the people. Here in Ghana, the meaningless talks going on among political opponents is an evidence that shows that without zeal and commitment, economic disorders can be created to worsen situations in the country.

We have already heard of Mr. John Mahama, former President, claiming that if his party should come to power in 2025, he’s likely to cancel the E-levy law passed by Parliament and assented to by the President. This is an empty talk in the eyes of many people because in their view, the former President is saying something to appeal to his friends within the NDC. The reality is that Mr. Mahama will not be able to do this because replacing the source of income generated for the country will not be an easy task to overturn. In 2008, when the Kufuor-led administration introduced the Communication Service Tax (CST) at an ad valorem rate of six per cent, the NDC kicked against it and promised to abolish the tax. Surprisingly, when they came into power in 2009, they retained it until they were booted out of office in 2017. So, the former President should refrain from such meaningless statements that come from him from time to time.

Looking at economic development in the country, it is becoming increasingly clear that the economy has already started recovering and the value of the Cedi will soon begin to appreciate against foreign currencies having been able to stabilise for some time now. Apart from local observers, some sections of the international community have also realised the promising nature of the economic development. It should, therefore, not come as a surprise to people when the Cedi begins to appreciate in value.

An economy that is not recovering cannot have its currency appreciating against other currencies. Thus, Ghanaians must render their support to the Akufo-Addo administration, so that the government and people can move forward in unison to achieve progress for the entire country.

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SIGNS OF ECONOMIC RECOVERY

There is no doubt that signs of economic recovery will be felt by people in this country not long from now. The Ghana Cedi has been projected to record some modest gains in the coming months of this year.

This is according to global research arm, Fitch Solutions. An analyst with the Sub Sahara African Department at Fitch Solutions, Ben Weaver said the outlook for the Ghana Cedi is somewhat promising despite Ghana’s persistent depreciation of the currency in the first three months of 2022.

GOOD NEWS

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This is good news for all Ghanaians so we need to render support to the Akufo-Addo administration to carry the economy to the promised land. Indeed, Rome was not built in a day so with careful analysis of economic trends and purposeful policies, Ghana as a whole will begin to expand and grow to ensure improvement in the welfare of all residents in the country.

According to Ben Weaver, who is an analyst with the Sub Sahara African Department at Fitch Solutions, “Our outlook for the Cedi, I think we’ve seen quite a lot of weakening in the first few months of this year. But we expect modest appreciation to kind of continue in the coming months and to the end of the year as much of the weakening has already happened.”

This means that the Cedi has already seen some depreciation in the early parts of this year. However, the signs are that sooner than later this year, the currency will begin to reflect by appreciating the good policies being implemented by the government.

This appreciation of the Cedi is likely to create some inflationary trends due to the influence of external economic factors. Even though prices will rise slightly, it will not be too much to result in unbearable pressures on people.

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INFLATIONARY PRESSURES

In the words of the international analyst himself, “…this will of course increase inflationary pressures. But we don’t expect inflation to accelerate too much high the way it is. Ghana’s inflation rate accelerated quite aggressively and this is due to rising gold price as well as the weakening of the cedi.”

In conclusion, therefore, Ghanaians should look forward with hope since the Cedi will soon be able to appreciate due to good policies being implemented to salvage the economic plight of all Ghanaians. With determination, the country will soon overcome its economic difficulties so no one should be in despair.

ENCOURAGEMENT

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Rather, everyone should be encouraged to play his/her part to support government to ensure that the ultimate economic purpose of good life and sanity is attained for the common good.

We should all know that we are not in normal times. However, with determination and a positive attitude towards the attainment of the national goal, we will be able to overcome all the challenges we are facing.

Contact email/whatsApp address of author:

Pradmat2013@gmail.com (0553318911)

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By Dr. Kofi Amponsah-Bediako

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International character of Ghanaman and more

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Ghanaians can be found in every part of the world

The average modern Gold Coaster born and bred in Sikaman is an adventurous creature. Go to any part of the world and you’ll find Ghanaman diligently slugging it out either in the snow or in hot sweltering weather, earning a decent living.

Go to Guinea and see Ghanaman in the garb of a herbalist, curing the sick of various ailments. He makes the Guinean understand that not all diseases are caused by James Lucifer alias Jimmy Satan. On the contrary, most diseases are caused by kooko which can even attack the human nose and turn it upside down.

That kooko is also the cause of poverty and the internal bleeding of personal back-pocket economies. And that kooko can be cured using the chemistry underlying Sikaman herbal medicine which has been blessed by the gods of Larteh.

And before Ghanaman starts dispensing his herbal concoctions, he must attract the passing crowd with some Sıkaman-originated choreography, akin to a combination of adowa and agbadza, such that the dancer can easily dislocate a shoulder and start crying for his mother.

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When the crowd is enough to form a quorum, Ghanaman must perform magic as a side-attraction, and proceed to sell his drugs. The drugs are genuinely made from potent herbs which the Pharmacy Board of Sikaman says it has no confidence in. Believe me, Ghanaian herbalists are practising in neighbouring countries like Guinea, Cote d’Ivoire, Sierra Leone and Benin, while we are discouraging them from practising in Sikaman.

Go to Las Palmas and see Ghanaman as a fisherman. He sails on Korean-owned boats and is forced to eat garlic and raw tuna for radiant health. The garlic is also supposed to protect him against witches. But sometimes, he is not good bedfellows with some Korean crew members, and once in a while a fight breaks out.

The typical Korean is a Kung Fu expert and before displaying a golden dragon data. He must first terrify Ghanaman with a Korean dance which consists of wild arms and leg throwing. But Ghanaman is usually not daunted. Why has he been eating cancer kenkey all years without developing cancer? It mean is a superhuman capable of countering Kun fu side-kicks to the ribs.

Anyhow Ghanaman’s most potent arsenal lies in his fists. If he is a southpaw, it mean left fist is probably insured and can cause damage. When Ghanaman lands a cassava blow and it lands on a Korean chest, it has the effect of a cruise missile. If there is no ceasefire a funeral cannot be ruled out.

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Greenland

Go to Alaska and find Ghanaman there. Greenland, Iceland, Brazil, Argentina, Madagascar, everywhere and you’ll find him. He has become an international citizen and is generally lauded for his hardwork, sincerity and honesty.

However, some bad nuts are also condemned and despised.

The world and all its parts and corners are for the human race, and anyone can choose to live anywhere and earn a decent living so long as he doesn’t misconduct himself or become a social misfit and a law unto himself.

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Sıkaman for instance accepts foreigners, and we are so liberal that people just come in through our borders and we welcome them with the best palmwine in town and goat light soup. Who cares about passports and visas? Our hospitality is, as it were legendary.

So we have Liberians, Nigerians, Sierra Leoneans, Togolese, Europeans, Americans, Scandinavians and Koreans in Sikaman.  And some of them have misinterpreted our overzealous accommodation to mean “foolishness” and are misconducting themselves.

The newspapers carry stories of some unscrupulous Nigerians stealing, defrauding and collaborating with their Sikaman counterparts to rob people. You’ll find some good and law-abiding Liberians around but some other Liberians are in the business of fraud, robbery, money printing, money doubling, anything criminal.

Ghanaian hospitality can no longer be extended to such people. I do not think Ghanaians will be treated kindly either, when they misbehave anywhere in the world. Those who come from outside with the intention of bringing down their evil deeds and to practise them here professionally must be getting ready because Ghanaians are getting fed up with the menace.

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These days, you’ll find strange people following you as soon as you emerge from a bank. If you are not careful, they’ll wrestle your briefcase from you and speed away in a waiting taxi.

Someone was just saying that many foreign criminals are flocking to Ghana because in their countries, they are enable to operate either because they are being looked for by the police for offences committed or fear instant justice at the hands of mobs. Ghanaians, it is said, are humanitarian in dealing with criminals.

Well, in some African countries, a thief who is being chased runs directly to the police station in his own interest and begs the officer at the counter to lock him up. Otherwise he’ll be lynched or be burnt to death. In Ghana, it is the opposite. The thieves run far away from the cop stations.

The criminals must reform and stay peacefully in Sikaman or quit. No court case!

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This article was first published on Saturday September 5, 1998

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The architecture of existence: How we live and die

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​The human condition is defined by two absolute, biological bookends: the commencement of complex cellular animation and its ultimate, irreversible cessation.

For centuries, medicine treated life and death as strictly separate states. Today, modern pathology and molecular biology reveal a more profound truth: the mechanisms that allow us to live are the exact same mechanisms that dictate how we die.

​Understanding this relationship is no longer just a philosophical pursuit. It is a clinical necessity for managing public health in the 21st century.

Part I: How we live – The mechanics of animation

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​At its core, biological life is a continuous, high-stakes battle against entropy (the natural tendency of systems to degrade into disorder). To maintain form, consciousness, and function, the human body relies on three fundamental pillars:

1. Cellular respiration and energy production

​Every second of human life is powered by the conversion of oxygen and glucose into Adenosine Triphosphate (ATP), the universal energy currency of our cells. This process occurs within the mitochondria.

Without a constant supply of ATP, the microscopic pumps that maintain electrical gradients across our cell membranes fail, causing cellular collapse within minutes.

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2. Homeostasis: The balancing act

​To survive, the internal environment of the body must remain incredibly stable, regardless of external chaos. This balancing act, known as homeostasis, regulates:

​Blood pH: Strictly maintained between 7.35 and 7.45.

​Core Temperature: Ideally kept around 37°C (98.6°F).

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​Electrolyte Balance: Precise ratios of sodium, potassium, and calcium that allow nerves to fire and muscles to contract.

​3. The Autonomic Nervous System (ANS)

​The ANS acts as the invisible conductor of life, split into two complementary branches:

Part II: How we die – The path of cessation

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​Death is rarely a singular event; it is a progressive biological cascade. Whether caused by old age, chronic illness, or sudden trauma, the final pathways of mortality generally follow a predictable trajectory.

​1. The cellular horizon: Senescence and Apoptosis

​Every time a human cell divides, the protective caps at the ends of its chromosomes-telomeres-shorten. Eventually, telomeres become so depleted that the cell can no longer divide safely. It enters senescence (a state of permanent arrest) or triggers apoptosis (programmed cell death). This gradual, systemic loss of cellular renewal is the underlying engine of aging.

​2. The clinical cascade of somatic death

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​When the body can no longer maintain homeostasis, somatic death (the death of the organism as a whole) begins. This occurs in a distinct sequence:

1

Clinical Death

Zero to four minutes

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The heart stops pumping blood, and respiration ceases. While breathing and circulation have ended, the body’s tissues still contain residual oxygen and cellular energy reserves. At this stage, resuscitation is often still possible.

2

Brain Death (Infarction)

Four to six minutes

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Deprived of fresh oxygenated blood, the brain’s highly sensitive neurons begin to starve. Lacking ATP, the brain cells lose their electrical charge, swell, and begin to burst. Permanent, irreversible neurological damage occurs within minutes.

3

Biological Death

Hours to days

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The organs fail entirely. Without central control or blood flow, individual cells throughout the body consume their final energy reserves. Enzymes that once aided digestion begin to break down the body’s own tissues from the inside out, a process known as autolysis.

Part III: The modern collision of life and death

​In the modern era, the boundary between how we live and how we die has blurred. Historically, humanity died primarily from infectious diseases and acute trauma. Today, global mortality is dominated by non-communicable, chronic lifestyle diseases.

Modern Pathology: How we live (the cause) how we die (the result)

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Cardiovascular disease, chronic stress, poor diet, and lack of sleep keep the sympathetic nervous system hyper-activated, damaging blood vessels .Occlusion of coronary arteries leads to myocardial infarction (heart attack) or ischemic stroke.

Metabolic syndrome over nutrition and physical inactivity overwhelm cellular mitochondria, leading to systemic insulin resistance. Multi-organ failure, chronic kidney disease, and severe vascular complications.

Neurodegenerative Disorders Chronic systemic inflammation and sleep deprivation prevent the brain from clearing metabolic waste. Gradual loss of synaptic connections, leading to dementia and the eventual loss of basic autonomic functions.

Conclusion: The unified theory of health

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​Ultimately, how we live directly shapes the path of how we die. The micro-choices of daily existence-how we manage emotional stress, the quality of our rest, our communal connections, and our nutrition-either preserve the integrity of our homeostatic systems or accelerate their decline.

​True medical advancement is shifting away from merely extending the final, frail stages of biological death. Instead, the focus is turning toward optimising our living years-ensuring that the intricate, beautiful machinery of human animation runs smoothly until its natural, quiet conclusion.

By Robert Ekow Grimmond-Thompson

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