Dr. Ted Trainer: What disaster will befall Ghana if it uses its Central Bank digital currency for levelling-up generational-empowerment-initiatives?

Dear Ted,


I shall go straight to the point: What disaster would befall Mother Ghana, if its Central  Bank Digital Currency was deploy9ed for levelling-up generational-empowerment-initiatives, to bedrock its transformation into a prosperous and equitable  African society?


The idea, for those of us who believe that our nation's ruling-elites,  ought to step out of the shadow of conventional economic thinking   -   is to open digital bank accounts, at the Bank of  Ghana  (BoG), for all families that ask for it:  who will then be credited with GHD1 million,  to start businesses, and construct family homes, in new planned green communities, sited in individual compounds, with fruit forest gardens.


There will also be  community ecoroad-networks (constructed with locally available materials and offered-free-community-labour, by EcoTerra International), with both road sides lined  with fruit trees and medicinal trees. Cool.


Those who elect for what is, in effect, will be levelling-up helicopter-money, with 15-year repayment moratorium-timeframes  -  and subsequent  monthly rent payments (of GHD100), thereafter, counting as installment payments towards paying off the entire  cost of their family homes, within two generations. 

 

Would that not provide governments-of-the-day with stable-assured-revenues, which can make a difference to our nation-building efforts, as a wise and aspirational African people, I ask, Ted?


But then I am only an uneducated old fool, lucky to be blessed with a curious mind, and a facility for playing with words in humorous fashion   -   so do tell moi (and the rest of the world!), exactly what disaster would befall Mother Ghana, if all the above came to pass.