Features
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.
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”.
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.
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
Features
Preventing the brain’s melting point with BOS
The human brain is a complex and delicate organ, susceptible to damage from various factors, including extreme temperatures.
The brain’s melting point, also known as the temperature threshold beyond which brain tissue begins to degrade, is a critical concern for individuals seeking to maintain optimal cognitive function.
Fortunately, the Brain Operating System (BOS) offers a revolutionary solution to prevent the brain’s melting point.
Understanding the brain’s melting point
The brain’s melting point refers to the temperature threshold beyond which brain tissue begins to degrade, leading to irreversible damage.
This temperature threshold varies depending on individual factors, such as age, health, and environmental conditions. However, research suggests that the brain’s melting point is approximately 104°F (40°C) to 107°F (42°C).
The role of BOS in preventing the brain’s melting point
BOS, a cutting-edge technology, plays a crucial role in preventing the brain’s melting point. By leveraging advanced neural interfaces and artificial intelligence, BOS monitors and regulates brain temperature, ensuring that it remains within a safe range.
How BOS prevents the brain’s melting point
BOS prevents the brain’s melting point through several mechanisms:
1. Temperature regulation: BOS continuously monitors brain temperature, adjusting neural activity to maintain a stable temperature.
2. Heat dissipation: BOS enhances heat dissipation through increased blood flow and sweating.
3. Neuro protection: BOS protects neurons from heat-induced damage.
Benefits of BOS in preventing the brain’s melting point
The benefits of BOS in preventing the brain’s melting point are numerous:
1. Prevents brain damage: BOS prevents brain damage caused by excessive heat.
2. Maintains cognitive function: BOS ensures optimal cognitive function by maintaining stable brain temperature.
3. Enhances brain resilience: BOS enhances brain resilience to temperature fluctuations.
Real-World applications of BOS
BOS has various real-world applications:
1. High-performance computing: BOS enables high-performance computing by maintaining optimal brain temperature.
2. Medical applications: BOS has medical applications, such as treating heat-related illnesses.
3. Space exploration: BOS is crucial for space exploration, where extreme temperatures pose a significant risk.
Conclusion
BOS is a revolutionary technology that prevents the brain’s melting point, ensuring optimal cognitive function and overall well-being. By leveraging advanced neural interfaces and artificial intelligence, BOS monitors and regulates brain temperature, protecting against heat-related damage.
Glossary:
1. BOS: Brain Operating System.
2. Brain’s melting point: Temperature threshold beyond which brain tissue begins to degrade.
3. Neural interface: Connects human brain with digital devices.
Contact Information
virginvtech@yahoo.com
Additional resources:
1. BOS research: Explore scientific studies.
2. Neural interface resources: Discover books and articles.
3. Brain-computer interface communities: Join online forums.
Future directions
As BOS technology continues to evolve, we can expect:
1. Improved temperature regulation: Enhanced temperature regulation mechanisms.
2. Increased cognitive enhancement: Advanced cognitive enhancement capabilities.
3. Expanded applications: New applications in various fields.
By harnessing the power of BOS, individuals can safeguard their brain health and maintain optimal cognitive function, even in extreme environments.
By Robert Ekow Grimmond-Thompson
Features
Lotto wahala and Tuobodom palaver
In Sikaman lotto is not a game. It is a profession, a noble career which people aspire to. It is the highest paying profession after armed robbery and the most widespread job on this side of the Atlantic.
In places like China, lotto is a disease that has no cure. Once you are infected, no doctor on earth can cure you. May be Kofi Larteh, Ghana’s most celebrated magician, can help ease the symptoms, but no definitive cure will be forthcoming.
Coming back to Sikaman, lotto has been the financial messiah of many. That is how people look after their large families, pay school fees, marry two wives and do their own ‘monkey things.’
If you are very poor and you win a lottery, chances are that you will die before you even collect the money. You’ll die out of excitement or you’ll start day-dreaming in the streets and an articulated truck will hit you.
As such, very heavy wins are not recommended for poor people, lest they get listed too soon in the obituary columns.
The sad story is told of a heavy-duty caterpillar driver who had a very heavy lotto windfall of several millions, his first big win after several years.
CATERPILLAR
He was driving the caterpillar home when he saw his son running towards him, shouting. “All your numbers have dropped! All your numbers have dropped! He could not believe his ears.
All the four numbers he had staked had dropped and his son, who had gone to stake them for him, was himself over-excited. The poor caterpillar man just could not handle the good news. He suddenly stepped on the brakes and the caterpillar jolted him a trifle too violently, throwing him off. He landed right in front of the still moving heavy-duty machine and it crushed him flat.
I don’t think the bloke would have died if he had won a smaller amount. Sometimes too much cash is not good for the health.
Seldom, people get too confident and that can also result in a wake-keeping, like that of a man who used his lifetime savings and borrowed extra money to crack the machine with a two-sure that the compiler must compulsory drop or the world will end.
Even the shadows of the numbers or their counterparts were nowhere near the winning numbers. His shock-absorbers crumbled under the weight of the heavy disappointment. He crashed to the floor and started foaming at the mouth. He was declared dead on arrival at the nearest clinic.
WINDFALL
Recently, there was a countrywide lotto windfall, and in Kumasi it was more than a festival. Most stakers had between ¢30m and ¢40 million on two-sure that the lotto magicians had predicted at least three weeks earlier,
Kejetia chop bars were besieged with overnight millionaires, carrying huge appetites induced by Opeimu Bitters popularly called Opeimu Peters. All the meat and mudfish got sold out within an hour and procurement agents had to double up to restock.
While some were celebrating, others were weeping and gnashing teeth. The problem was that, three weeks beforehand, the two sure numbers were declared by all the lotto sorcerers, dreamers, magicians, tellers and all the self-appointed and self-promoted forecasters.
Everybody including 10-year-olds, who staked and lost. The following week, they were advised to continue staking. The faithful did continue but the faithless stopped. All of them lost. In the third week or so, a good number of confident stakers had lost faith in the two numbers. That was when the number landed.
So the windfall was for only those who had the unshakeable faith in the numbers. See what faith can do? It can move dollars. Don’t waver, so saith the holy scriptures.
The faithless indeed gnashed teeth. The winners on the other hand celebrated with a song that is as controversial as the business of lotto. It is a song played by the group called Nkasei and has something to do with a town in the Brong Ahafo Region called Tuobodom whose capital we hear is Jinijini.
I hear it is a derogatory song and the queen mother of Tuobodom got charged and breathed out electric current during her protest on air. She allegedly ended up demanding a mobile phone from Nkasei so that she could communicate with them to settle the matter peacefully, lest wahala.
Well, the song is rising up the charts and Nkasei are making the dough, but should it be at the expense of a whole townsfolk, their forebears and generations to come?
WATERPROOF
Waterproof, the famous comedian, was allegedly given hefty slaps at the Kumasi rail station by some Frafra jingoists who felt he was deriding their tribe. And Bob Okala had to run with his tail between his legs when he was confronted and realised that slaps were going to be visited on his lean face.
Let’s not use words and lyrics to cause discomfort to others.
This article was first published on Saturday July 9, 2005
