Features
Going to the IMF
• President Nana Akufo-Addo
When Ghana decided to go to the International Monetary Fund (IMF), it generated a range of heated debate among scholars in Ghana and other sections of the public. While some people supported the idea, others did not, claiming that Ghana can manage its own economic programmes without going to the IMF.
In the case of members of the Minority, they hailed the decision as good, pointing out that the economy has been mismanaged. Obviously, this was meant to seek equalisation since in 2015, their government, that is the NDC, had to go to the IMF for poor economic performance.
After series of debates as to whether the country should go to the IMF for support, the government of Ghana has taken the decision that at this time in the global economic situation, the country needs to go for some assistance.
Going to the IMF is not a crime because Ghana is a member of the Fund and can always go for assistance there. However, sound economic management and pursuing the interest of the country is what matters.
The assistance from the IMF has become necessary because, according to the government, the COVID-19 together with unfavourable global economic condition has made it difficult for the country to stand on its own, looking at the serious challenges affecting Ghana just like many other countries in the world.
Global economic events are not favourable to the whole world and that is why as many as 100 countries have gone for IMF support.
It has been explained that support from IMF will help the country to get balance of payment to enable it perform better in the days ahead.
The IMF is an international body that has been set up to achieve balance of payment support for member countries who decide to go to the international body for assistance. It is a body that plays a useful role in the economic development of countries.
The government of Ghana under President Nana Addo Dankwa Akufo-Addo has managed the economy well. A look at many of the ongoing projects in the country show that the economy will soon pickup to run shoulder-to-shoulder with other countries that are doing well as was seen in the pre-COVID-19 period. Every effort has been made to ensure that the economy performs better to improve upon the welfare of Ghanaians.
Unfortunately, the COVID-19 which affected all parts of the world forced the government to spend heavily to save the lives of people. According to President Akufo-Addo, it would be better to protect the lives of people and prevent them from dying as a result of the effect of COVID-19. He pointed out that in the case of economies that are destroyed, it would be possible to revive them whereas in the case of human lives, they cannot be revived once lost.
In light of all these, we are of the view that the people of Ghana ought to be united behind the government, so that at the end of it all, a developmental agenda can be pursued for all Ghanaians irrespective of political affiliations.
We are very much aware that 100 countries have all applied to the IMF for one form of bailout or the other. In this connection, therefore, it is clear that the unfavourable global economic situation together with COVID-19 has adversely affected every country in the world.
In view of the unfavourable global economic situation, the IMF threw out invitation to countries that want assistance to come forward for various assistance.
From this perspective, it is appropriate for Ghana to take advantage and go to the IMF for assistance contrary to its previous position that it would not go for such assistance.
In fairness to government, it should be acknowledged that from 2017 up to the 1st quarter of 2020, the economy of Ghana was performing creditably well to the admiration of many other countries in the world.
Unfortunately, the sudden emergence of the COVID-19 pandemic ate substantially into the resources of the country and threw all projections out of gear. As if this was not enough, the high rise of crude oil worldwide, moving far above the $100 mark also added salt to injury and worsened the economic conditions of the country. As a member of the IMF therefore, Ghana has every right to seek assistance from this international body so that the economic situation can be made a bit bearable for the country.
What we should be concerned about is for government and the negotiation team to put forward the best cards for the country so that at the end of it all, the economic interest of the country would be maximised. We are urging the team negotiating with the IMF to prepare adequately and ensure that the best alternatives and options are what are given the country.
The economic situation all over the world in both developed and developing countries has become very unfavourable and harsh, making life extremely difficult for ordinary people. In this connection, we are urging all Ghanaians to remain calm behind government in the hope that what comes out from the negotiation with the IMF will be in the best interest of the country.
In conclusion therefore, the point must be noted that we need to put politics aside and in all fair mindedness agree that Ghana‘s economy has been managed well. In spite of the unfavourable economic global situation, the country recorded over 5% growth during the first quarter of 2022. Again, the World Bank has praised Ghana, saying that they are optimistic that the country will overcome its economic challenges.
All Ghanaians must therefore support the government in the hope that all is not lost and that very soon the economic indicators of the country would exhibit positive growth to overcome challenges like the inflation currently facing the country as a result of the Russian-Ukraine conflict and the effect of the COVID-19.
By Dr. Kofi Amponsah-Bediaku
Contact email/whatsApp address of author:
Pradmat201@gmail.com (0553318911)
Features
Political punches and the Blackman
A live boxing showdown between an Arab champion, Saddam Hussein, and the Western ‘Bazooka,’ George Bush, should be the most spectacular event in boxing and political history.
Most probably, Saddam Hussein will rely more on his thick moustache than his ‘chemical’ upper-cuts. Naturally, the dancing kenkeyweight titlist, George Bush, will turn into a southpaw, floating in the ring, jabbing, ducking and targeting Saddam’s moustache to rip it off once and for all.
Such a boxing show would be one of near equals. But consider for a moment a similar show between the Pride of Pretoria, F. W.de Klerk, and the Hope of South Africa, Oliver Tambo.
Although Tambo is not in the very best of health, he is sure to be a diligent pugilist with all the qualities of a BLACK BOMBER. F. W.de Klerk, the stronger of the two is likely to be cautioned several times for hitting below the belt. Fact is that, de Klerk’s punches are never direct. Perhaps his fists need a binoculars to help target Tambo’s nose.
Oliver Tambo had never been a good friend to South African leaders, especially
Pieter Botha. And for quite some time, Botha has had more than a fair share of Tambo’s political punches till his corner men threw in the towel. Still Botha wanted to fight on although they told him that he needed to be replaced by a clerk-de Klerk.
Today, Oliver Tambo is still fighting on behalf of his people. And gradually, the satanic apartheid regime is crumbling, but piecemeal. I bet, de Klerk’s formula for dismantling apartheid that can be likened to a small ant commissioned to eat a mountain of LOAF. Certainly, it would take a thousand years to complete.
This fact is further underscored when we consider that just recently, leaders of the European Community have agreed to scrap the ban on new investments in South Africa. With this decision, South Africa is going to get some breathing space and the process of disentangling its dreaded stranglehold on the black majority is going to be dead-slow.
The German Foreign Minister, Hans Dietrich Genscher, rationalising the community’s decision, said the lifting of the ban would reward de Klerk for legalising the African National Congress (ANC), freeing its deputy leader, Nelson Mandela, and permitting Oliver Tambo to return to South Africa after thirty years in exile.
In reaction to this, the ANC adopted a resolution calling for sanctions to be maintained, with the stand that the EC’s decision which was against ANC interests. Earlier, during an ANC congress, Oliver Tambo had stated that it was time the ANC reviewed its stand on sanctions against South Africa.
“It is no longer enough to repeat the trite slogans …… we should carefully re-evaluate the advisability of insisting on sanctions given the situation domestically and abroad.”
Apparently, the optimism of the black majority of attaining a wish is gradually becoming tantalising if not illusionary.
As it is now, the European Community’s decision is a pointer to the fact that members of the Community regard the South African whites as their first cousins. And obviously, many Europeans directly or indirectly have commercial interests in South Africa. And how can one punish a brother for so long no matter how recalcitrant he proves to be?
Fact is, covertly or overtly, the apartheid regime is being made to perpetuate till doomsday. No one cares for the black man. The whites will come out openly to condemn the racist regime and go indoors to have plans about how best to strengthen this regime.
Worse atrocities have been visited upon the black man. Since history began chronicling world events, the black man has been at the receiving end of all unpleasantries. He is even cited to have descended from a cursed man called Ham, who according to the Bible derided his father’s nakedness. Quite fallaciously, one child of Ham was said to be black (because of the curse), and became the progenitor of the African race.
It is quite uncertain whether orientals like the Chinese also had some share of the curse to make some of them yellow-skinned.
Anyhow, blacks of the world have suffered a lot, having been made slaves, tortured and abused. In the United States where many blacks became domiciled after the slave trade, they were regarded as second rate citizens. To this very day, they are discriminated against when it comes to job opportunities and prospects for promotion.
AMUSING CONCLUSIONS
They are considered brainless and only fun-loving. In a seemingly very crooked research conducted not far back, the following amusing conclusions were arrived at. Chinese students were said to be studious, European children very ambitious and bright and Negro children were said to like partying and music. Adult Negroes were said to be physically strong with large sexual organs but no brains in their heads.
The Blackman’s culture is described as uncivilised and extremely backward. But let’s come to face it. The white man’s culture teaches him to hate others who are not of his colour. You go to Europe and you would be shocked that some whites would not like to sit in the same bus with you.
When they (Europeans) come to Africa, we are not hostile to them although they’ve once enslaved and brutalised us and continue to discriminate against us. We bear them no grudge. Our culture does not breed hatred for other races. It preaches hospitality and respect for all. Which of these two cultures should be placed higher on the scale of civilisation?
In the US, a white supremacist group named the Ku Klux Klan, have a morbid hatred for blacks and have policies geared towards the elimination of the black race. The neo-Nazis do not like blacks either.
History has it that when Jesse Owens won four Olympic gold medals in Berlin, the Nazi warlord, Adolf Hitler, was gravely embittered.
We are discriminated against in sports, the latest being two dubious penalties awarded against the Indomitable Lions of Cameroun in the match against England in the 1990 World Cup in Italy. Cameroun, as a result, failed to reach the semi-final stage. Africans do not deserve a World Cup.
And quite sadly we allow Caucasians and Anglo Saxons to dictate to us which of our women are beautiful and which are not. We accept their criteria for beauty and allow our women to parade semi naked before them, only to be ridiculed as hairless monkeys, and undeserving of beauty awards.
Year after year, we send our women there to experience the same ordeal and we would never learn to stop that nonsense. Are we not encouraging the whites to go on ridiculing our race?
Caucasians, Orientals and Africans have their own considerations when appraising beauty. Why allow Caucasians to superimpose their idea of beauty on ours.
Shall we always be slaves who never stop to think for a while of their independence?
This article was first published on Saturday, December 22, 1990
Features
Is God a Liar?
I believe the first thought that will occur to anyone who reads the topic of this write-up will be what is going on here? Is this author not committing blasphemy? Recent developments on our political front has made this question relevant because of the impact these developments can have on Christianity.
In fact, a respected Christian leader in the country has commented that, Charismatic Christians seem to have decided to embark on a one way journey to self destruction.
He further commented that Charismatics have desecrated noble titles like Apostle, Bishop etc. to the extent that now if you call yourself a Prophet it is synonymous to a con man. Prophets are supposed to speak the mind of God to his people or his church and therefore when a statement is made by a Prophet claiming “thus saith the Lord” people take it whole heartedly as if God was uttering it directly to them.
Again we believe as Christians that God does not lie according to Numbers 23:19 and other references in the bible, and therefore, when a so called Prophet makes an emphatic statement that it is coming from God and a few years later this same God makes another statement contradicting the first one, then it is legitimate to ask the question “Is God a liar”?
People are beginning to lose trust in men of God because of their utterances and actions. You hear of stories of so called men of God committing adultery, stealing, cheating and all kinds of unpleasant behaviour. Unspeakable things that even unbelievers shy away from are being associated with men in white collar.
When elections are approaching, you hear of all manner of prophesies as to which presidential candidate is going to win the elections. Previously, it used to be prophetic declarations on 31st December Night until a certain Dr Dampare issued an order and suddenly God decided to take a holiday each 31st night in my beloved country, Ghana.
The respected Christian leader I mentioned earlier said, he does not believe that God elects leaders especially in our continent and that if he does, given some of the leaders we have had, then we need to have a conversation with him. I fully agree. How can a God of order and discipline, elect lawless people to be leaders who refuse to hand over power contrary to what their constitution states, when their term of office expires?
If I were a member of the fake prophet’s church, I definitely would quit the church because he has proven to be a charlatan. The Bible makes it clear in Mathew 7:20 that the criteria for determining a person’s status as a Christian is by their fruits. Instead of focusing on spreading the Gospel and showing the unsaved the way of salvation, they have turned themselves into favour seekers.
The current places of church auditoriums of some of these pastors were places of businesses as those of us who are privileged to be old enough, vividly recollect. They sing the praises of leaders and their governments, so they would be favoured with prime locations for their church auditoriums among others. These are what the Bible talks about according to Philippians 3:19 that their God is their belly among others.
Instead of seeking Godly wisdom for the revival of these distressed companies, what they were interested in was the place being given to them and they hypocritically turn around and say let us pray for jobs for the youth.
Some of these so called men of God, demand consultation fees before you can see them and I pity the poor souls who visit such places.
God is not a liar. It is against his nature to lie. He is a spirit of truth. It is rather the Devil who is a liar and the father of lies so if you lead a life of lies, as some of these pastors obviously are doing, then according to the Bible, they are fake.
By Lord Kissi-Mensah