Tuesday, 16 July 2013

The State Of The Ghanaian Economy In "140"

Don't worry, Condom Tax will stop this!
Tweeting the state of the Ghanaian economy in my candid opinion is like asking the ant to carry a sick camel to the hospital. In other words, it is impossible to describe the Ghanaian economy in 140 characters (my candid opinion). I just can’t! By the time I’ll finish summarizing the effects of dumsorlogy, tax hikes and inflation, I have already exhausted 500 characters. If I start talking about high borrowing costs, low investor confidence, political disputes, and the impact of macro/micro economic policies, which have made themselves necessary concomitants, we’ll be looking at some 2000 characters. 

But my friends on twitter taught me a great lesson, that 140 is actually more than enough when it comes to describing the Ghanaian economy. I have classified all opinions into 5 categories, with a very exceptional opening comment from Kajsa. Enjoy!

Kajsa Hallberg Adu @kajsaha
But this is suppose to be money ooo, GHS 37.

“Do I even know? Economics is a mystery to me. I bought something for 6 GHC today that 2 years ago was 3. That is the reality. I don’t get it!”

Aaaa...... Oyiwa! No wonder GHS 1 can only buy 10 pieces of "pure water".

1. The "Economy is for the rich"

These friends made it clear, that to survive in the Ghanaian economy, you need to be a "borger." (The type with some foreign currencies to "waste").

Friday, 5 July 2013

The Ghana Summit 2013

So there was a mail from the Chief Economist of the Economist Intelligence Unit and I saw this interesting promo content which looked too gratifying to ignore. It had the caption "The Ghana Summit, Turning Potentials into Opportunity" and this drew my mind to so many things. But I wouldn't talk about those things but the summit. 

Our economy is growing and it's growing fast. Many disagree because of the challenges we've been facing economically and socially as well; power outages, aka "dumsor" has been our companion, fuel and gas prices keep surging up and transportation costs are becoming "unbearable" while  waste and arsonists keep destroying the little things (our markets and cities) we pride ourselves with as Ghanaians. Irrespective of all that and many more, the international community (not only The Economist) considers our economy one of the fast growing and highlights four areas the country has progressed massively;