[ 2012-05-07 ]

Propaganda Ecominics
On the same day Dr. Mahamadu Bawumia was being
savaged by the congress propaganda ecominist in
Accra, a renowned international economist was
commending that brilliant son of the motherland,
Dr Bawumia. The commendation was at a gathering of
businesspeople, economists and communication
scholars at a university business school in
Nairobi.

In acknowledging the young man's astute
understanding of economics, though, the professor
had also painted a picture of a politico-skeptic
Dr Bawumia. In the presence of the professor, the
sharp economist and banker had lamented over how
politicians would unduly take advantage of good
central bank policy implementation.

He had noted how politicians easily will, in
response to favourable economic conditions
established through prudent central bank
interventions, take advantage of those
investor-friendly economic conditions to go on a
borrowing spree; an action that messes up an
economy.

I dare say that is exactly what has happened to
the motherland's economy. And why not? In
congress' ecominics, just borrow, making whatever
you can in the process of contracting the loan and
leave the motherland's economic to rot and decay.

And so they went borrowing, STX and all, and
perhaps hoping one day they will be able to share
a booty in judgment debt woyomically, as they just
did.

If I were a young man, I would raise my hand and
ask congress why they want to stuff their cheeks,
fill their bellies, and build their mansions
through loan acquisition processes to leave future
generations buried under the suffering of debt.

Congress has taken full advantage of the oil
discovered by John Agyekum Kufuor to borrow to the
hilt, driving a buoyant economy back into a
near-HIPC condition.

It is nothing strange for a professor, associate
or full, to tongue slip. I, at least on one
occasion, messed up my tenses while giving a talk
at the great observatory of Vandal City. Sometimes
though, what appears to be a slip could be a
substantive revelation of something lurking in the
subconscious compartment of the brain of the one
whose tongue slipped, making it seem like it
slipped when it didn't in actual fact.

Saying ecomini instead of economy could thus
possibly have signified the slipper's careless
attitude towards economic issues. Why bother about
pronunciation when the concept is not my beef,
will be the attitude.

Why worry about correct pronunciation of economics
when I couldn't care less about it. I couldn't so
much so that I will appoint one whose knowledge of
the subject is little but can do propaganda so
well that he will even insult one so endowed with
the knowledge of the motherland's economy. The
know-little ecominist propagandist will insult the
knowledgeable one who is undoubtedly an
illustrious son of the motherland.

That will be the person to advice on why congress
should raid and woyomise the motherland's current
account and go on to contract a GH˘3 billion
Chinese loan. I hear each and every one of us in
the motherland now owes GH˘1000!

This bunch of congress shipping crew is one of a
sort. I agonise for Nana Akomea having to pit his
rich legislative, ministerial and real life
experience against someone like Okudzeto Ablakwa.
Really!?

As I said before, it appears a whole host of
deputy ministers were appointed because they were
good at insulting Ghanaians, hardworking and
accomplished in their fields of endeavour. When
they started insulting and kept insulting, there
was no peace council. And there was no Christian
Council.

Indeed, when an actor in the chief captain's
office prevented full-blooded Ghanaians from
registering to vote, and went on to swear to
defend that unlawful act with his blood there was
no council for Christians or peacemakers. It took
a maverick's unsavourly remarks for all the
councils in the world to suddenly wake up about a
Rwanda in the making.

Those who know do know. I am sure if one were to
ask CEPA, or IEA or IMANI or ISODEC, or IDEC or
any serious economic researcher in this
motherland, they will tell you the Bawumia is
credible and his figures make a lot of sense.

They will tell you it is strange that the Ghana
cedi continues to slide in value with the Chinese
USD3 billion. They will tell you often, low
inflation is at the cost of jobs. They will also
tell you that you need not borrow huge amounts at
a time when you are capable of raising reasonable
amounts of oil and cocoa and gold money to
undertake fairly large projects.

So, I cannot see Asaga's apples and oranges. Maybe
he was talking about citrus sinensis or oranges
and citrus aurantefolia or tangerines because they
are close. Or it is all about calling economy
ecomini. They know what exactly it is. They know
how recklessly they are handling the economy.

Source - Daily Guide

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