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Posts Tagged ‘Africa Center for Economic Transformation’

See Saw, Down and Down. Critical News, 13th April 2014

Posted by Business in Ghana on April 13, 2014

Sydney Casely-Hayford, sydney@bizghana.com

Barclays says the economy is on a downward rollFitch says stable down to negativeIMF revised growth down from 8% to 4.8%Reuters says currency has depreciated 14.6% this year, down in comparison to the same time last year.  The Africa Center for Economic Transformation (ACET) says we have transformed backwards and we all in Ghana who belong to any credible independent think tank, buy kenkey from Osu or have an independent analytical view, say Ghana has gone down and lost its economic alleyway.

But our Government says things are looking up, so which seesaw are you riding?  Where is this economic seesaw headed if not bloated-debt down?  By the way, Government has still not taken up my suggestion to publish a list of all borrowed money and purposeful use.  How dare my impudent self, suggesting such a good governance thing?

As children you remember how you get on a seesaw and if the heavy dude in the neighborhood sits opposite, you know you don’t have a chance in Kotobabi to leverage your weight down hard enough to enjoy the thrill of the up and down.  You won’t even get the chance to crunch down and bump the other side higher into the air or even the sudden jump off to see how the opponent arrives to earth.  The children still do it today. Read the rest of this entry »

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