Thursday 25 August 2022

Export. Export. Export. That's the sure path to a prosperous future, underpinned by a strong currency

A quick note sent to a dear friend recently: "Not needed at the moment. Costs a bomb now - over GHc200 to refill. Imagine that. Hmmm, ey3nsem piiiiii, oooo, Massa. The cost of living crisis is a nightmare for nearly all humans, everywhere on the surface of the planet Earth, today. Full stop."


In today's Ghana, local reputable manufacturers of world-class quality products, ditto organically grown agricultural produce, and smart entrepreneurs who are exporters of such made-in-Ghana items, are the lucky private sector players, who will thrive the most. Export. Export. Export. That's the smart path for our private sector to truly become our national economy's engine of growth, and send our GDP, north, stratospherically, pronto.


Incidentally, isn't it amazing that the Ghana Union of Traders' Association (GUTA) - amongst whose fold, are the super-wealthy fatcat-kingping importers, who are major contributors to the free fall of the Ghans cedi, and lack of meaningful jobs for young people across our homeland Ghana - have the nerve to regularly blackmail governments-of-the-day, which they always blame (hypocritically), for the free fall of the Ghana cedI that some now refer to as a junk currency?


Truth be told, as a wise and aspirational African people, it is our foolish nation-wrecking preference for foreign made goods (that have better locally made substitutes), which will always be the root cause of the trade imbalances that make our currency more or less worthless, oooo, Ghanafuo. Export. Export. Export. That's the sure path to a prosperous future, underpinned by a strong currency. Full stop. Case closed.


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