Monday, 22 January 2024

Should we step out of the shadow of conventional economic thinking to transform Ghana?

Dear critical-reader, should we step out of the shadow of conventional economic thinking, and end taxpayer funded bailout payments for corporates - and, for example,   use the selfsame earmarked monies to fund families and individuals that request for it, to build their own homes?

It is rather unfortunate that our nation's greed-filled, hard-of-hearing self-seeking ruling elites still don't understand why we must move out of the shadow of conventional economic thinking, dear critical-reader. For starters, we need to put Ghana on the world map as the nation with the lowest personal and corporate tax rates on the face of the planet Earth, to attract ethical patient investors who think longterm.

Doing so will spark an unprecedented economic boom, which will lift tens of millions of our base-of-the-pyramid demographics, out of the poverty-trap, and empower them to bootstrap their own way to financial independence.

How, so, some might enquire? Well, by implementing a raft of innovative and contrarian policy ideas, such as simply
 giving all families and individuals who request for it, for example, 100-year generational levelling-up loans, with 5-year grace periods before agreed miniscule repayments, spread over 100 years begin, to build new climate resilient, smart new green homes, in planned new green communities, purpose built by our brightest and best innovative private sector green entrepreneurs.

All the climate smart sustainability underpinned  houses, and apartment blocks in those new planned climate resilient green communities, will be built in concentric rings, around a core family-oriented park with adventure facilities, and playgrounds for kids, and will be sited within walled compounds that are agroforestry design-bedrocked fruit forest gardens, for residents.

Additionally,  all community road networks in those new planned green climate resilient communities, will be lined with fruit and economic trees so that no one in them ever lacks seasonal fruits, and all community  members that need it, can benefit from the sales revenues generated by harvests from the  economic trees.

Furthermore, the agreed minuscule installment repayments for those generational levelling-up loans, will provide governments-of-the-day with assured revenues for decades, and yield steady income for the pension funds and insurance companies that will part-fund it, dear critical-reader. Ditto create wealth that remains locally, nationwide, and jobs galore across the entire landmass of our Republic.

It is for all the above-mentioned reasons, and others too many to enumerate in a shortish piece, dear critical-reader,  that  our nation's  ruling elites must definitely move out of the shadow of conventional economic thinking, if our homeland Ghana is to be ever transformed into a prosperous and equitable African society, in which all soceital demographics benefit from the exploitation of the rich natural resources, which our beautiful and bountiful country is so generously blessed with, by Providence.

In that light, dear critical-reader, the question to ponder, over, as wise and aspirational Africans, is: What disaster could possibly strike Mother Ghana, were such a transformative policy idea to be ever implemented?

In light of all the aforementioned reasons, let us  therefore end state funded bailouts for regime-crony corporates - and,  instead, as wise and aspirational Africans, use those selfsame public monies to fund 100-year bailouts, for families and individuals that ask for it, to enable them build their own climate resilient homes, in new private-sector built planned climate resilient green communities. Case closed. Full stop. A word to the wise...

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