Asante Kotoko start their MTN FA Cup journey with a similar lineup to the one against Aduana Stars the only change is Fernando Bassey.
Let’s talk about inflation. Let’s discuss interest rates. Are they performing any better? If he isn’t talking about these metrics, it’s obvious they aren’t doing well in those areas. The moment there’s a slight gain, you’ll see him adorned in his full economic regalia.
For an importer who had to find 17 cedis to buy a dollar barely a month ago, how is this news beneficial? In fact, the recent drop has likely caused them even greater losses.
Dr. Bawumia’s sudden interest in the economy is intriguing. For the average person, the cedi was 4.2 against to the dollar when he came into office, and he has taken it to 16. That’s an addition of 11.8 cedis per dollar.
I’ve always had issues with this kind of growth analysis. The rate of growth from 1 to 2 may be nominally the same as from 5 to 10. However, it’s not an accurate reflection. The higher a figure climbs, the slower the curve progresses, even with a similar force applied. It’s easier to double 1 than to double 100.
I understand many won’t grasp this, and that’s fine—not everyone needs to. In every process, the higher you go, the more difficult it becomes to achieve double the previous outcome.
It’s similar to saying the energy required to run from 1 mile to 2 miles is the same as that required to run from 10 miles to 20 miles—it simply isn’t.
In 8 years, the NDC added 3 cedis to a cedi against the dollar. In 8 years under an economic "Messiah," the NPP has added 11 cedis to a cedi against the dollar.
In fact, for a serious trend analysis, we cannot not use an untested rate as the measure, let's keep this past the year so we know that's our strength.
Man was hoping for a good news to talk economy after all.
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