Can Our Many Brilliant Economists Ever Dare To Think The Unthinkable?

I do not know who the best five economists are in Ghana, but I have often wondered just what would happen to our nation's economy if certain policies were adopted by any radical regime in our country. What calamity would befall Ghana, for example, if such a regime were to lower taxes to the level that made Ghana the nation with the lowest rate of taxation for businesses, anywhere on the planet Earth? 

Surely that would make our country a very attractive place to invest in to access the African market for all kinds of goods and services, would it not? Would many of those who currently evade taxes not have a conscience and start paying their taxes and contributing to our country's development positively, too, one wonders?

And would our economy grind to a halt, for example, if the interest rate in Ghana was lowered to say 1.5 per cent? Would one be wrong in assuming that it would lead to faster growth of the national economy - as small and medium-sized businesses borrowed to expand their businesses: once the present usury rates become a thing of the past? Would the jobs they created as those small and medium-sized enterprises expanded not be real jobs, dear reader? 

Perhaps some of our clever economists could also tell an ignoramus like me precisely what catastrophe would befall our nation if personal income tax were to be abolished - and if that would not attract many of the businesses that locate their African headquarters in places like South Africa to relocate to Nkrumah's Ghana instead.

Would the abolition of personal income tax also not immediately put money into the pockets of zillions of Ghanaians, I wonder, dear reader - and make it possible for President Mills to tell Ghanaians that he did fulfill his campaign promise to put money into the pockets of Ghanaians, in December 2012? 

If our many brilliant economists would also step out of the shadow of conventional economic thinking for once, and think the unthinkable, just as the leaders of the capitalist nations of the West did (by pumping trillions of dollars taxpayers' money into private entities in partial nationalizations that saved their economies from melting down), would they perhaps not make our nation's real economy actually prosper: and impact the quality of life of the ordinary citizens of Ghana, for once - and end the "Kweku-Ananse-economics" that sees politicians churning out impressive figures about our economic perfomance, whiles the quality of life and living standards of ordinary Ghanaian plummets in inverse proportion to increases in our GDP growth rate figures? The question is: Will they ever have the courage think creatively outside the box, ever, dear reader ? Hmmm, Ghana - eyeasem oo: asem ebaba debi ankasa!