IF YOUR FOUNDATION IN ECONOMICS IS WEAK, YOUR OWN PUBLIC LECTURE WILL EXPOSE YOU! – FELIX FOSTER ACKAH

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SIR FELIX WRITES:
IF YOUR FOUNDATION IN ECONOMICS IS WEAK, YOUR OWN PUBLIC LECTURE WILL EXPOSE YOU!

On Thursday, 4th day of April 2019, I squeezed time out of my busy schedule to listen to the NDC much touted counter economics lecture thinking I could get some more economic insight.
After listening, I came to just one conclusion; if your foundation in economics is weak, your own public lecture will expose you.

Before diving into the substantive issues raised by the key speakers, especially HON. ADONGO, let me ask the following questions to establish the credibility & genuineness of the key speaker Mr Adongo;

1. How did Hon. Adongo calculate the cedi equivalent value of Ghana’s debt? I ask this because, Mr Adongo, the NDC economics Marshall has on several counts publicly argued that it is wrong to compute the debt by using current exchange rate. I.e, to compute the debt accrued in KUFOUR’S regime and MAHAMA, it will be wrong to do so with current exchange rate under AKUFO ADDO.But instead you use the exchange rate as at their respective regime!

2. Which economics philosophy asserts that, a country’s currency can only appreciate by “juju?
   Again I ask this, because it is public knowledge that Mr Adongo has accused the vice president of using ” juju” to appreciate the cedi value.

Now let’s examine some key assertions by Hon. Adongo and the NDC which makes me conclude that their economics fundamentals are week.

1. Mr. Adongo and the NDC asserted that, the future of the country is bleak because foreigners have invested in our bonds. My question;
   a government issuing a foreign bond so to avoid unhealthy competition between government and local business for domestic loans and another government taking domestic loans which tends to reduce the strength of local business in accessing loan for expansion at a cheaper interest rate due to higher risk of payment. which one makes economic sense?

2. Again, Mr Adongo and the NDC asserted, that the debt to GDP ratio is incorrect. Again I ask these;
   a. Is Mr Adongo privy to the IMF CONDITIONALITIES TO GHANA before exiting?

b. Would Ghana have exited from IMF successfully if we could not have met the debt to GDP RATIO of 60% and below?

C. Couldn’t the IMF team have detected so if indeed what VEEP presented was incorrect and punish Ghana?

The answers to these questions raised being favourable to the VEEP, one can boldly conclude that the fundamentals of NDC economics are weak and hence their own public lecture have exposed them!

FELIX FOSTER ACKAH, IS INDEED THE SECRETARY YOU CAN TRUST!

SIR FELIX, RESULT DRIVEN & PURPOSE ORIENTED!

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