Food for thought for the IMF negotiators currently holding discussions in Ghana

Pandemic-era SME bailout-cash, advanced to business owners, in Ghana, to keep their enterprises operational, ought  to be made available to individuals and families too (digital GHC25, 000 to individuals, and digital GHc 75,000 to families), to enable them survive the cost-of-living crisis, which we are currently experiencing.

Such citizenry bailout digital monies, must be dispensed through digital bank accounts at the Bank of Ghana - opened specifically for that purpose, and meant to be spent only in our national economy's digital ecosphere (including telco mobile money platform cashout transactions): as a policy requirement.

Such post-pandemic citizenry  digital bailout money, for all those who require it, to enable them to survive today's unprecedented cost-of-living crisis, will boost tax revenues, considerablly by widening the tax net painlessly,  and also expand the digital economy's footprint, in the real world  - and, above all, would help speed the move towards a cash-lite system in Ghana.

It will also enable telco mobile money platforms to recover the vast sums owed them by dishonest mobile phone subscribers, who take offered-loans, and then move to rival telco mobile money platforms, to escape repaying such loans.

Finally, dear reader, such recovered sums will also boost the tax revenues from the telco industry in Ghana, as a direct result  of more  strengthened sector-balance-sheets. All the above ought to be food for thought, for the IMF negotiators currently  holding discussions, with our hard-of-hearing ruling-elites, in Ghana. Cool.