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Finance Minister claims economy is back on track …But the ordinary Ghanaians say impact is not being felt in their pockets

There are two schools of thought about a recent statement at­tributed to the Finance Minis­ter, Ken Ofori-Atta with regards to the economy which he claimed had taken shape following the injection of the first tranche of loans from the International Monetary Fund (IMF) to revamp Ghana’s ailing economy and bring it back on track.

While the government spearheaded by the Finance Minister, who is the exchequer and economic and finan­cial advisor to the President, aided by IMF officials believe that there are concrete signs of improvement in the economy which are beginning to show or manifest, other school of thought particularly the ordinary Ghanaians believe that the government is being evasive, insincere and hypocritical with the truth. They feel that they are being short-changed and deceived by the government and that nothing really is happening because the signs of economic growth are not being felt in their lives, let alone in their pockets. Their thinking was that all the factors that led the country to the IMF to seek economic bailout still persist and that nothing has changed, claiming that the value is still the same.

ECONOMIC WATCHERS AND THINK TANKS PROJECTIONS

The economic watchers and think tanks have projected a slowdown in the economy to 1.5% in 2023 and remain depressed in 2024 at 2.8%, but it is expected to recover to its potential growth by 2025. Some of the economic challenges facing Gha­na are unemployment, corruption, inconsistent economic policies, poor human capital development, poor health system, crime and terrorism. Our biggest problem is a debt crisis, high inflation and the devaluation of the local currency, the cedi. These are the challenges that led the coun­try to conclude an agreement with the IMF for a bailout.

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The Government of Ghana recent­ly reached a Staff Level Agreement (SLA) with the IMF for a first review of the IMF-supported Post COVID-19 Programme for Economic Growth (PC-PEG). That consensus came after five months of negotiations and paved the way for further progress toward approval of the first review by the IMF Executive Board scheduled for November 2023.

FINANCE MINISTER’S SPEECH

Speaking to the press after that meeting, the Finance Minister Ken Ofori-Atta, expressed optimism about the economic outlook saying: “The economy is responding positively and strongly to the news of govern­ment and IMF reaching an SLA for the first review, and we are eager to leverage this momentum to the very moment when the IMF Execu­tive Board approved the first review in November”. He said the SLA was an indicative of the strong perfor­mance in meeting end-June 2023 performance indicators – including six quantitative performance criteria and three indicative targets as well as three structural benchmarks. These achievements he said, underscored Ghana’s commitment to economic recovery and stability.

Hear the Minister further: “Year-to-date data reflect significant improve­ments in economic performance. The gross domestic product has rebound­ed strongly, averaging 3.2 per cent in the first two quarters of 2023. Infla­tion on the other hand has been on a relatively downward trend, dropping to 40.1 per cent in August 2023 while the cedi has remained stable with a cumulative depreciation of about 23.5 per cent year-to-date. The fiscal front shows a surplus of about GHc2billion in H1 2023, exceeding the target”.

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EMPTY PAPER TALK

Indeed, on paper, these are fine development, especially for the economists since they understand the issue and the corresponding economic language better and therefore can digest and interpret it in the best manner they can. But on a more seri­ous note, the majority of Ghanaians who assess and weigh the perfor­mance of the economy with their living conditions, will not side with the government assessment because they don’t feel the transformation of the economy in their pockets since it is not visible. It is the same old story as they find it very difficult to make ends meet. They are still buying food items and other consumables at exor­bitant prices, cost of transportation is still high, fuel prices keep escalat­ing, payment of school fees for their children and wards has become so difficult, marriages are fallen apart and on rocks due to financial mis­understandings from couples and a whole lot of economic challenges.

EXPECTATIONS FROM GHANAIANS

Just as the government assured the nation that going to the IMF for economic bailout would solve most of these economic difficulties and improved the living conditions of the people within the shortest possible time, Ghanaians were therefore of the high hopes and expectation that, it would not be long for them to see signs of improvement in their living conditions. However, six months into the programme, nothing is showing and also, they are not feeling the impact of the IMF bailout.

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Those so-called economic jargons such as gross domestic product, high inflation, macro and micro economic developments among others, which are difficult to be understood and assimilated and are always foisted on the ordinary Ghanaians make them angry and agitated, because they do not make sense to them in any way. As for the IMF praising Ghana for managing the funds well, that is normal because the benefit they will derive from Ghana in the long run.

Right now, what Ghanaians are expecting from government that will let them feel comfortable with their lives is to lay bare in simple terms the true facts relating to the current situation with the IMF bailout and the corresponding benefits that will reflect their lifestyles. Ghanaians are now discerning and wide awake and, therefore they will not sit down and allow falsehood to be peddled or forced down their throats to swal­low. They will rather prefer that the government keep mute on issues concerning the economy instead of throwing dust into their eyes through deceit and falsehood. Ghanaians are noted to be magicians when it comes to how they manage themselves and they will like to remain as such.

Contact email/WhatsApp of author: ataani2000@yahoo.com 0277753946/0248933366

By Charles Neequaye

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The Prophet part 3

In anticipation of a sizeable offer­ing, he had brought a big silver bowl and placed it close to the ‘pulpit’. He kept glancing at it in the course of the service and noted with satisfac­tion that it was ‘doing very well’.

By the close of the service it was full. Immediately the final ‘Amen’ was said, he grabbed it and placed it close to his new desk. He managed to extricate himself from the people who wanted to thank him or shake his hands, and sat down to attend to the people who had lined up to consult him.

He gave them the required ‘direc­tions’, taking appropriate fees after invoking special prayers. The last person to consult him was Mr. Kwame Dofu, who had specifically asked to be the last.

‘Osofo’, he started, ‘I wanted to discuss a special business with you, that is why I asked to see you last. I am in the gold business. There is big money in it, but there is also com­petition, so many of the people in it are using all kinds of powers. I came to ask for your special assistance. I want to win the confidence with the foreigners who come to buy gold, and the foreign big men at the mines who are able to give us big business. If you are able to help me, I will give you a very big reward. I have two friends who will also need your help. I will bring them too’.

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‘Don’t worry, Mr. Dofu. I can help you. Give me two days to prepare, and come back for the necessary directions. You will certainly do big business’.

‘I knew you will help, Osofo. I am very glad I came to see you. Now, here is five hundred cedis for your petrol. When I come in three days’ time I will prepare fully’.

Now, Papa Antubam told himself, why did I wait so long to start this business. Only a few days, and things couldn’t be better. Wow!

He remembered that there was money to be counted. He moved to pick the big bowl, but two young smiling ladies stepped forward.

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‘Osofo, we wanted to ask your permission to count it. I am Mary, and she is Suzzie’.

‘That’s very kind of you’, he said. ‘Please go ahead, but before that, please go to the lady at the kiosk over there and ask her to give you the cold box I left with her’. They brought it, and as they counted the money, Papa Antubam sipped two bottles of beer, which he had re-labeled as Sprite Or­ange Drink, just in case some inquisi­tive busybody asked stupid questions.

‘They finished, presented the neat­ly packed notes and coins to him’.

‘Osofo, it adds up to three thou­sand, three hundred and two cedis’.

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‘Thank you very much, beautiful ladies’. Take a hundred cedis each for your kind effort. They gratefully accepted the offer, and were moving away when Antubam called them back.

‘Now, Mary and Suzzie, which one of you is married?’

‘We are both unmarried’, Suzzie said.

‘In that case, there is something you must do for me. You know this is a new church. You already know what miracles have started happening here. Bigger things are about to hap­pen. Now, I want you two to be with me. I will give you senior positions in the church. And I will take care of all your needs. Fortunately, you are both very good looking. From today, you belong to me. What do you say to what I have just said?

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The two ladies looked at each other for a minute, and smiled.

‘We agree, Osofo’.

‘Fantastic! Now take the money to my place, and since we are all hungry and tired, buy something nice for us to eat, and let’s see what interesting things the afternoon will do for us’.

The girls picked up the money bowl and followed him to his house. They dropped the items, collected money and left to buy the take-away food.

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‘Now Suzzie’, Mary said to her friend, ‘what have we led ourselves into? We only wanted to pinch a few cedis, now we have agreed to be his wives, or is it concubines?’

‘You surprise me, Mary. This is the nicest thing that ever happened to us. How much did you pinch, by the way?’

‘250 cedis. Not bad at all for an hour’s work? But how can the two of us be his wives? Suzzie, what will peo­ple think? Did we go to the church for God’s help or to practice polygamy?’

‘You don’t get the point, Mary. Lis­ten, this is no church. Any pastor who drinks alcohol disguised as orange juice and proposes to two congre­gants on the first day is no pastor. He is doing business with the church, thanks to some village jujuman. And as you clearly saw, he is overwhelmed by the money flowing. So we will help him. And I can assure you, he will not get even a kiss from either of us.’

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‘How will we do that? He is a man, and we have agreed to be his wives’.

‘Give me just one hour. I’ll show you’.

They bought the food, and Mary also bought a bottle of Zap Whisky Medium. They laid the table.

‘Osofo, I brought a nice appetiz­er for you. You know your work is tedious, and you need to save some energy for tomorrow.’

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‘Er, er, normally I stay away from alcohol, but you have a point, let me try just a little. Mary dropped small amounts into his glass, and by the time they finished eating, half of the drink was gone.

‘Osofo, I suggest we get a solid briefcase with a lock to keep your money. You should open a bank account. We’ll make payments into it, and you can sign cheques anytime you need money. For now we’ll record the denominations and the amount, then I’ll wrap it up – you can keep it under your mattress. Let me top your drink’.

‘You are so thoughtful, Mary. How can I thank you?’

As the girls pretended to be doing some serious calculations, Papa Antu­bam eased himself on the bed, hoping that the girls would soon join him for some fun. Within a short while, he was fast asleep, snoring rhythmically. The girls tucked the money under his bed, closed the door and went out of the house.

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‘And how long are we going to keep this up, Suzzie?’

‘Not for very long. Very soon all kinds of women, single and married, would be fighting over him. The mon­ey and spiritual power will attract them. When he realizes that we do not want to have sex with him he will throw us out. By then I would have al­ready set up my shop, and you would have opened your salon’.

‘You have worked it all out have you? You are a real thief’.

‘Me, a thief? Then what do you call Osofo Antobam? Let me tell you, Suzzie. Those people who are using the name of God to make money and use people are real criminals, and I will enjoy everything I do to Anto­bam. And I know your next question. Am I not afraid of his powers? What powers? I don’t fear his fake powers. Let’s go home and get some rest. Tomorrow, we’ll fleece him of a few more cedis’.

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By Ekow de Heer

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Beyond Big English

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Any minister-designate who is about to be vetted by a parliamentary vetting committee must prepare for the worst.

 He must understand that the vetting process is not a test for mere eloquence and bombast, alliteration and poetic delivery. It goes beyond the parapet of diction and usage, semantics and grandiloquence.

The aspiring minister may, therefore, speak big English, but it doesn’t really matter.

There is always a dictionary around to be consulted anyway. What matters is his (or her) ability to prove beyond every reasonable doubt that he can handle the job based on his academic, professional and moral track record.

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The minister must be seen to be qualified for the job in all facets. If so, every question may be relevant no matter how frivolous. It has always been the case.

For example, if someone is a homosexual, that is his own palaver. But if he vies for public office, his homosexual activities must be well-examined and although he may be the best suited for the job, his unnatural desires may well disqualify him for obvious reasons. Of course, who wants a minister who will be sodomising his driver, garden boy and the tall security guard?

The case of Canaan Banana, one time Vice President of Zimbabwe, is fresh in memory. He was recently released from jail for sodomy, a conduct completely unbefitting of a nation’s vice-presidency.

It is also useful for questioners enquire about marital status, number of previous and current wives, number of children and the like.

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Someone might have two wives for very good reasons. May be, one woman is not enough for him due to his extraordinary sexual appetite. And to avoid being adulterous, he takes another wife. It is a legitimate reason and polygamy is not a crime in Sikaman.

However, parliament must know whether he’d have time for the job as a minister when he is always thinking about sex and how to satisfy two wives while fathering and catering for kids on both sides.

A minister may have 13 children. It is a matter of choice, and some people naturally like large families so his talent in procreation might probably not be to his sexual vitality, but to fulfil biblical principles of being fruitful and proving it by multiplying to gratify a desire for a jumbo size family.

However, such a family size may attract queries bordering on population control and family planning.  “Mr So-and-so, Assuming every man had 13 children, can you estimate what the population of Sikaman will be? And will your government be able to provide jobs and schools for all?

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But of course, that is, according to the questioner, a mere assumption and can, therefore never be the case. However, the question is relevant.

RIDICULE

The reason why all ministers-designate should be prepared for the worst is that some questioners may also be prepared to ridicule them. However, in the process, the aspiring minister’s patience is tested.

Is the man going to be a minister who easily flares up and starts misbehaving? And how would anyone know if he is not that type unless his annoyance gauge is not tested in public?

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We may have a mister who would be slapping his staff left and right, occasionally throwing karate kicks when foreign dignitaries are around.

I hear that to be chosen as a minister is easier than preparing for the vetting. The problem that you wouldn’t know which skeleton in your cupboard will be exposed and which dirty linen will be advertised for all to see.  So some ministers designate have had sleepless nights and others have to be forced to do some fasting.

After fasting and praying, the aspiring minister must prepare his (or her) wardrobe for the occasion. How do ministers dress? Are they simple or flamboyant like peacocks?  Anyhow the minister-designate must start looking-like a minister, talking and acting like one.

He must wear a three-piece suit and get a stylish tailor. The suit in his wardrobe isn’t quite good. It would be okay for a poor aristocrat, not a newly nominated candidate who just learnt to cough and sneeze like a minister. He has even proven to his wife that he snores like a minister.

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And when the day comes, must he merely walk or rather dance to take his seat to be vetted?  Should he smile broadly showing all his teeth or only some? He isn’t quite sure.       

One thing Parliament has forgotten is something called “Lie Detector Test”. It could be used only if candidates are answering questions about their past deeds. Everybody has cupboard skeletons, but that of some are too many. Fraudulence, immorality with teenage girls, exaggerated CVs, sexual harassment, whatever.

A Lie Detector may not be very accurate, but at least it can make ten children, but they declare only four.  The Lie Detector can be useful here.

But what is the relevance of all these when people argue that the more wayward the candidate the more efficient he is? They cite Bill Clinton. But his is an exception? Isn’t it?

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This article was first published was on Saturday, February 10, 2001

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