Features
Improvement in Ghana’s import cover praiseworthy

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There had been times when Ghana’s import cover was only meant for two weeks making it dangerous for the country to economically survive beyond two weeks since there would be no reserves for the country to bring in imported items that it needed so much to satisfy the needs of its people.
Economic performance is, therefore, not easy because as far as some countries have import cover for about six months or one year, others may have import covers that would last for days. Many developing countries have had problems with import cover since they are not able to generate enough international reserves to cover imports of essential goods over a long period.
DEPENDABLE IMPORT COVER
It is not easy for every country to get a dependable import cover to give an assurance that the economy of that country is stable, formidable and performing well compared with others. Stability can only be possible when, during difficulties, efforts are made by the planners of the economy to work hard towards generating more incomes through exports while at the same time importing less from other countries.
The COVID-19 pandemic has not been kind to all countries, especially the developing ones, and the economies of all these countries have been thrown out of gear, making them import more compared with the volume of exports. This is an unfavourable situation that should be avoided, if possible, but in practical terms, it is not easy to do so especially when countries are faced with unavoidable practical challenges as has been imposed by the pandemic.
It is important to note that there are so many ways a country’s economy can be assessed whether it is enjoying a trend that is depicting an upward growth or otherwise. If a country is enjoying increasing economic growth, it will show in the way it is able to establish its imports cover to the world.
TREND OF GROWTH
If a country enjoys a trend of upward growth, it means that the different sectors of the economy together contribute massively, in average terms, to general economic growth and welfare. On the other hand, if the trend of growth shows a decline, it means that there is a deterioration of growth in the economy and this will adversely affect the economic well-being of the people.
We may also look at how an economy is in terms of its import cover which indicates to us whether a country has enough reserves to allow it to stay for a long time if it is unable to produce certain goods and services for itself. This is what makes import cover important.
Whenever we speak of an import cover, we are simply referring to the number of months that could be covered for by a country’s international reserves. A country’s international reserves refer to the amount of money available to that country to import goods and services which it is not able to produce for itself.
INTER-DEPENDENCE
Different countries in the world inter depend on one another in the sense that what one country can produce for itself cannot be produced in the same way by another country. For this reason, each country makes available to other countries what it can produce and, therefore, export these commodities or items to those countries that may need such goods but cannot produce by themselves.
It is important that as countries transact business with one another, they can accumulate enough income reserves over a period so that in times of need they will be able to withstand a period of the necessity of imports of essential goods.
As a country transacts business in form of trade with other countries, it derives earnings from different sources that is why the incomes earned and kept for a period are referred to as international reserves.
INTERNATIONAL RESERVES AND IMPORT COVER
These international reserves determine the import cover that the country concerned can enjoy. A country that has sizeable international reserves to cover many months such as 18 or 20 months is said to be more stable and better than another country that has an import cover for only two or three months.
The COVID-19 pandemic has impacted negatively on various economies in the world such that the import cover of various countries has been reduced. This is easy to understand, seeing that many economies have been thrown out of gear.
A country that has an import cover of only three weeks stands the danger of falling into economic turmoil when there is a disaster that will last for more than three weeks. For this reason, every country needs to work hard and accumulate more international reserves so that the economy will be seen as reliable, dependable and stable.
IMPORTANCE OF IMPORT COVER
An import cover is an important indicator of the stability of a country. If this is so, then we need to work hard in spite of the challenges we face to bring in more earnings from all directions, in terms of, reserves to cover longer periods so that the economy can be seen as reliable, dependable and stable even in the face of the COVID-19 pandemic
The good news for all Ghanaians is that Ghana’s gross international reserves position grew strongly to US$11.02 billion in the first half of this year. This is equivalent to five months of import cover. The reserves were, however, a little below the US$11.30 billion recorded in May 2021, but stronger than the US$10.9 billion registered in April 2021.
COUNTRY’S RESERVE POSITION
In January, February and March this year, the country’s reserve position was US$8.83 billion, US$8.7 billion, and US$8.3 billion respectively. Despite the economic challenges posed by the COVID-19 pandemic, the economy has been able to withstand pressures and come out with an import cover for at least five months. We would not conclude that we have done better and, therefore, need to rely on our oars.
However, this is good performance in these days when the pandemic is causing havoc to all economies including those of the USA, Germany, Switzerland, Canada etc. The managers of the economy under the leadership of President Akufo-Addo must continue to work hard so that we will see further improvement in our economic situation.
COVID-19 PANDEMIC
In conclusion, people in Ghana ought to note that during the pandemic, which is causing havoc to nations across the world, we need to appreciate the effort being made by government to overcome all the economic challenges facing the nation but not to behave as if nothing is being done by the leadership of the country. This approach is negative and irresponsible and should not be entertained by anyone who means well for the country, especially when we know that the wolf criers in this country cannot perform as creditably as we see today.
By Dr Kofi Amponsah-Bediako
pradmat2013@gmail.com (0553318911)
Contact email/WhatsApp of author:
Features
The eye is indeed the lamp of the body
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.
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.
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.
Features
Arming the Sikaman journalists to the teeth

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




