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Bawumia and Ghana economy

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Dr. Mahamudu Bawumia

Before the recent lecture on the economy of Ghana Dr Bawumia delivered, some people, including senior lecturers and professors, had expressed various views (positively and negatively) on the state of country’s economy.

Since the lecture given by the Vice President of the Republic, Dr. Mahamadu Bawumia, various opinions have been expressed on his presentation, some of them praising him for a good work done while others, as usual, saw nothing good about what he said or the issues discussed on that day.

PUBLIC REACTIONS

The reaction of the general public, however, showed that in spite of the difficulties the country faced, the Vice President and Head of Ghana’s economic team did well and dealt with all the relevant issues the country is facing.

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He began by stating that he was going to deal with the state of the economy, pointing out that there were problems or difficulties but measures had been put in place to ensure that the economy of Ghana was cushioned soundly from collapse.

In talking about the state of the economy, Dr. Bawumia referred to the economic problems Ghana as a country faced prior to the swearing-in of President Akufo-Addo. He went on to explain that in spite of the difficulties, measures were in place to ensure reduction in inflation, elimination of a number of taxes, developing the economy along internally induced growth, among others.

ECONOMIC PROBLEMS

The economy of Ghana today faces a number of problems including rising prices of goods and services. The rising prices have come about because of the COVID-19 pandemic which has affected every part of the world. Indeed, goods cannot be easily transported from different parts of the world to other places where they are needed thereby bringing about shortages in some cases.

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Generally, the supply of goods and services have been in short supply but even in situations where such goods and services are not in short supply, it can be seen that the cost of transportation alone has shot up tremendously.

COST PUSH AND DEMAMD PULL INFLATION

This high cost of transportation accounts for rising prices, that is, cost push inflation. In cost push inflation, rising prices of transportation when added to the prices of goods and services further push up prices.

Similarly, in situations where the supply of goods and services are less than expected or fall below general demand, what happens is that demand exceeds supply and pushes up prices. This comes under what is known as “demand pull inflation.”

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Both demand pull and cost push inflation are responsible for the rising prices in the country. From this observation, one can say that the unfavourable economic situation in the country, in the form of rising prices, is not the making of the Akufo-Addo administration. The situation has come about because of factors beyond the reach of all Ghanaians.

All countries in the world are going through difficult economic times so this is the period for all analysts to be objective and fair in their discussion of issues in Ghana today. We should be very grateful that the economic management style of the government has not thrown things overboard but rather made it possible for the people of Ghana to go about their normal duties, even in the midst of some difficulties.

COVID-19 PANDEMIC

Until the world, including Ghana, was hit by the COVID-19 pandemic, things were moving on smoothly in Ghana. Inflation, which was initially at 15.4 per cent or thereabout was reduced to about seven per cent. Similarly, agricultural output also increased tremendously from negative levels to appreciable levels even though there was still room for improvement.

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With the arrival of COVID-19,everything was thrown overboard and countries that did not have resilient economies fell onto great trouble and experienced food shortages. Fortunately, due to Ghana’s laudable programmes such as Planting for Food and Jobs (PFJs), the country became self-sufficient and even exported food items to neighbouring countries like Burkina Faso, Togo, Benin and Côte d’ivoire among other countries. Had it not been for this programme, things would’ve been worse than we see today.

We have food stuffs all over the country but there is room for improvement in the sense that we need to construct more roads to link up with communities that are producing food for the country. Without this, not much can be achieved in terms of food production. A network of good roads is, therefore, needed in all parts of the country to enhance agricultural production.

At the same time, we need to regulate the supply and export of our food stuffs to neighbouring countries so that Ghanaians will also not run out of food supplies. Fortunately, the Government of Ghana had realised this and banned the export of maize and soya to neighbouring countries until the situation improves in Ghana. It is equally important to note that the economic problems experienced in the world today have come about because of the conflict between Russia and Ukraine. Many finished products come from that part of the world. The products are fertilisers and other important products needed in the agricultural sector.

ADVERSE CONFLICT

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The conflict has, therefore, contributed adversely to other parts of the world including Ghana.

We are happy that the economy of Ghana is able to support itself today and is far from collapse.

With the pandemic moving away, it is strongly believed that all the economic programmes and measures put in place would begin to yield results needed and make the economy a strong one. This means that there will be reduced inflation and more income can be generated from various sectors of the economy to finance its expenditure. Similarly, we can also reduce the rate of exchange with other foreign currencies to make the economy a strong one. Individuals should have confidence in the economy of Ghana and believe in what was presented by Dr. Bawumia

From all indications, the measures taken by Ghana are good and that is why the developed countries of the world have expressed confidence in the economy of Ghana.

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DIGITALISATION

Digitalisation is good if for nothing at all, it helps to eradicate corruption and make it easy for goods and services to be accessed without difficulty. For this reason, digitisation coupled with the relevant economic policies will go a long way to enhance rapid growth in all parts of the country so that the ultimate result will be improved upon in the interest of everyone.

Ghana is a great nation so we all need to work hard and support the government to make it possible for economic activities to flourish and improve upon the welfare of everyone in this noble country.

Contact email/whatsApp address of author:

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Pradmat2013@gmail.com (0553318911)

By Dr Kofi Amponsah-Bediako

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The eye is indeed the lamp of the body

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There is a scripture that is found in Matthew 6:22 which says that the lamp of the body is the eye and therefore the eye must see well to enable the body to get to its destination.  

What most people do not know is that behind the scenes, there is a strong interaction between the eyes and the brain before a picture becomes clear.  The state of mind therefore is crucial to the eye seeing clearly to enable the body to process accurately the information the eyes are feeding it for proper identification of what the eyes see. 

This is similar to how a person behaves i.e. what informs the decisions that forms in the mind that results in the actions that a person performs.  The actions of a person does not therefore just happen but is as a result of things that went on in the mind, which in most cases resulted from information passed on to it by the eyes either consciously or unconsciously.

There are so many issues that affect our society which makes one wonder, whether the people who displayed such acts were created by someone or something other than God. 

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How can a person see a beach created by God with beautiful beaches and fresh air blowing all around, decides to defecate at such places, and therefore desecrate the environment?  lt is simply mind boggling? 

When other people in other countries who dwell on the coast are using their beaches for tourist attraction purposes as a means of livelihood and also to promote environmental health, some people living around our beaches, have turned them into rubbish dumping sites and toilets. 

It is a very sad situation and the earlier we did something about it the better.  It is a national emergency that must engage the attention, first of the government and then the citizenry, where religious bodies and NGOs must play a critical role.

The things we focus on in this country, needs to be addressed.  Our minds which processes the info the eyes send to the brain, must be disciplined.  There are certain behaviours that a disciplined mind can ignore even when the eye has provided info to the brain.  One of the things a disciplined mind does, is the avoidance of a second look, which is critical for every person who wants to avoid adultery or fornication. 

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Once a person is not blind, he will see things.  The boobs, the ‘shankus’, the coca cola shapes, the light complexioned, the dark complexioned etc. the eyes will definitely see and report same to the brain.  What the brain or the mind decides to do or instructs the eye to do is the issue. 

It can decide to instruct the eye to take a second look and let the mind drool over it or say ignore it and that will be the end.

If the mind becomes trained to focus on environmental issues like clean environment, the eyes will automatically be reporting on insanitary conditions to the brain as and when it sees them.  The mind will pay attention to such data and begin to process them and to identify solutions to deal with the reported insanitary conditions. 

There is the need to encourage citizens to train the mind to focus on the right thing so that in tandem with the eyes, focus will be maintained.  When the mind is so trained, it communicates with the eye to also focus on hood things that helps in both are spiritual life and our secular lives, for indeed the eyes are the lamp of the body.  God bless.

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 Arming the Sikaman journalists to the teeth

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THE relationship between New Times Corporation (NTC) and African Concrete Productions (ACP) is based entirely on matters of the stomach. Each depends on the other in a dietary symbiosis, reinforced by the close proximity of each other

At lunchtime, you’d see a particular set of Times workers marching regimentally to ACP to face the wall. You’d think they are soldiers. It has long been declared that the company manufactures the best kokonte in the Greater Accra Region. ACP is, therefore, a culinary haven for those NTC kokonte fans, both male and female.

As the NTC kokonte warriors cross the border to ACP, you’d see some ACP banku fanatics dancing joyously to NTC. They are lucky folks because they do not have to obtain visa to enter into ‘Times’ to attack the balls of banku with precision and accuracy. They also claim that the lightsoup at ‘Times’ is arguably the best in West Africa.

So the relationship between the two entities was quite cordial and based practically on stomach palaver, until ACP workers staged an industrial revolution, whereupon the managing director, accountant and estate manager were allegedly stripped naked and locked up in a room. An insurgency had began in earnest.

An ACP worker came to ‘Times’, this time not to eat banku and okro. He had come to inform newsmen that juicy stuff awaited them at ACP. It could make a front page lead story.

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A camerawoman and a female reporter were accordingly dispatched to go and bring back news, juicy news as juicy as kokonte and groundnut soup.

Sikaman Palava
Sikaman Palava

I was driving to work when I espied the familiar camerawoman clicking away outside the ACP premises. I didn’t see any ‘Times’ reporter but angry workers who were on the verge of getting violent. I slowed down and the driver behind blew his horn at me like a lunatic. I drove on.

Later, I heard the reporter and camerawoman were harassed and brutalised. The report came,. “The camerawoman, Mrs Salome Adonu-Agbottah and reporter Mrs Doreen Allotey, in an attempt to retrieve the camera which the workers had seized from them were severely beaten. They were manhandled and almost pushed into a big gutter opposite the company’s premises.

BRUISES

“….The camerawoman had bruises on her body, her hand bag was destroyed and the money in it stolen. Mrs Allotey’s watch was also snatched and her feet stamped on.”

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Luckily, it was not her nose that was trampled upon. She has a beautiful nose.

The bad news was received with extreme sorrow. If the victims had been men, it would not have seemed too bad. But to brutalise women is just unacceptable. The New Times Corporation has not stopped mourning the incident which has been condemned in many circles.

Some people keep asking me why Times sent females to cover a potentially violent demonstration. I tell them they might as well ask why CNN’s amazon, Christina Amanpour, is assigned to cover the carnage in Bosnia-Herzegovina and Rwanda. She is always on the frontline in jeans and jacket.

Journalism is a potentially hazardous profession, and once you accept to study and practise the trade, you might as well bone up to face any assignment as long as your superiors feel you are capable of handling it or you have demonstrated the capacity to handle it. Both males and females can be assigned anywhere, anytime just like policemen and women are assigned.

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The only difference between cops and pressmen is that the latter are armed only with a pen and the former with a gun. The question is should newsmen also arm themselves so that in any event of an assault they would not be found wanting in self-defence? They can’t adequately defend themselves with a pen and a jotter. A pen cannot even disfigure an opponent’s upper lip.

Photo-journalists have particularly suffered violence. Spectator ace-cameraman Vincent Dzatse was severely assaulted by AMA men when he attempted to take pictures of their indiscretions.

Sports cameraman, P. K. Arthur has been beaten more than once at the sports stadium when riots errupted and he wanted to capture it on his lenses.

Some sports journalists have been banned from entering the Accra Sports Stadium by supporters because in their comments, they didn’t write “sense”. Some supporters once nearly lynched Christian Abbew, Spectator Sports Editor, near a courtroom. He was stoned like the biblical Stephen. He had gone to defend a contempt charge.

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I think it is time journalists met and discussed how best to defend themselves in any event of an attack by individuals or mobs. In the pursuance of their duty, they must be free from harassment and assault.

Some journalists go to work and return home with a black-eye or a double fore-head. It is just not right. Something has to be done about it. I think journalists should be armed. But first we must be trained in the use of firearms so that our warning shot do not hit below the belt. What about training in Kung Fu?

This article was first published on Saturday, October 17, 1998.

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