Thursday, 6 April 2023

Guaranteeing state revenues in creative fashion

Wouldn't it be marvellous if we could generate a new source of guatanteed state revenues for Mother Ghana, I ask?

Could we not, as part of a nationwide slum clearance initiative,  build new planned green climate-resilient communities, in which all buildings had forest garden compounds, with road networks lined with fruit trees, to replace slums across Ghana - all of which we can then raze down and turn the vacated lands into community family  adventure parks, charging minimum entry fees?

Bank of Ghana Central Bank Digital Currency  (CBDC) accounts could be opened for all individuals and families who want to own properties in those new green climate-resilient communities, but can't afford them - and credited with generational-levelling-up CBDCs sufficient to enable them repay the cost of their chosen properties.

Installment payments for such family properties, in the new planned green climate-resilient communities, ought to be set as low as the equivalent of US $10 per month  -  and serve as guaranteed revenues for the state during the repayment period for all such generational levelling-up longterm loans. Surely this creative way to generate guaranteed state revenues is doable, Ghanafuor? No?

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