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HTS Consult Research and Advocacy

22/10/2014

Whose Constituency is the Woman’s ‘Breast’? The Baby or Father?

WE barely dare say it, but the society seems not to have seen anything wrong with the conflict between fathers and their babies over ownership of the woman’s breast. Strangely, whether such an inquiry is warranted complicates issues and leads logically to the conclusion that it doesn’t warrant ATTENTION. On the grounds of variety in needs, may be it warrants ATTENTION. Source of nutrition for baby against source of pleasure for daddy. There appears to be an overly silent voice of society on this issue. Such is not welcome.
Don’t forget we know of our world as it is now largely because of the ideals of a science that one Archimedes founded called mathematics which is built on the pillars of simplicity, economy and rigour.
Of what use is such an ATTENTION when simplicity is preferred to complexity per the axioms of the science of mathematics? Who tells us society cannot be personified? Just as persons have rights, choices and values; society equally has orientations, preferences and customs.
Now, assuming without admitting that society is right with its silent yet glaring orientation of labeling it a ‘no go area’, then the well -known fallacy of circular reasoning is at play. Who makes up society? If it is the government, individuals, firms and the civil society, how do they hold one another accountable? This is the source of the simplicity- complexity dichotomy being spoken of. Complexity in the sense that the government is made up of individuals, the firms are also made up of individuals and several other combination of these units. Simplicity in the sense that per their collective actions, the social good is the expected end.
As the government is the father, firms and individuals as the babies, then it is the father’s duty to provide for the needs of the baby per the vulnerability tag on the baby. The proven mechanism is that since positions change, the vulnerable child of today becomes the active father of tomorrow.
Geometrically, the relationship is a symmetrical one. The strong groom of babies by fathers metamorphoses into strong economically active persons at old age. The common sense to this has been that fathers forgo their immediate personal consumption in favour of the development of their babies’ future, example being colossal investment in quality education and healthcare. More often than not, the father reaps the rewards several years after.
Invariably, if ‘father government ‘is consuming at the cost of 26% (T-bill rate), then child business is being denied access to what it needs to grow. Business becomes malnourished and grows into a Kwashiorkor one. Plainly, the government is crowding out businesses on the money market.
It stands then to reason that if they were feeding from different sources (syndicated foreign loans, grants, adequate revenue for government) versus (bank loans and other short term facilities for businesses), then we should be careful not to beg any question. But the fact is that it is the same breast feeding the two. One on the basis of pleasure (Politicians and bureaucrats borrow loot and share) and the other on the basis of nutrition (businesses in need of funds). It equally wouldn’t be much of a problem if they had comparative strength in this struggle. That is not the case as the father is by far mightier than the child. On the back of this might, it has seized the asset. As the baby cries in need of a rescuer, no one seems to care. In thinking aloud, maybe other fathers ( states) are so engulfed in their bedroom wrangling that it is difficult to offer a helping hand or they don’t just care (Western Countries and civil society- stemming from annoyance). Equally probable is the fact that the father and the friends (other African States) behave alike. Show me your friend and I can tell your character. What moral rights will they have to right others’ wrongs then? Do West African governments have differences in ideology, orientations and aspirations?
In my opinion, fathers that aren’t prepared for parenthood (good governance) should stay away from acts (rigging elections) that can make them parents. But still the question remains unanswered, who should have access to the wealth of the nation for effective utilization? Politicians or Businesses? Your thought may be helpful!

AKUFFU BOATENG, Chartered Economist
23rd October, 2014

13/10/2014

Don’t lie to me, GHANA
IMAGINE a world without statistics. Governments would fumble in the dark, investors would waste money and electorates would struggle to hold their politicians to account. In reality, statistical offices vary in their sophiscation and ability to resist political pressure. China’s numbers for example can be dodgy; Greece under reported its deficit, with disastrous consequences. But on the whole, statisticians are required to arrive at their figures in good faith. On the day of graduation, a mere Bsc. Statistics certificate conveys the simple message that the graduate has atleast certified testing requirements in respect of ethics, tenacity, rigor and analytics. Quantitative disciplines such as statistics, economics and mathematics have not appeared friendly to a lot of us simply because of call it the ‘axioms’, ‘propositions’, ‘hypotheses’,’ laws’, ‘models’ and ‘theories’ underlying the reasoning in such areas of study are expected to be consistent, parsimonious etc. This is a complete deviation from the prevailing laws of propaganda practice which is about distortion of facts. What is it that I am hearing? That, the IMF is arriving at figures in huge variance with what our constitutionally mandated institutions have furnished the fund with is not just worrying but disgraceful. Debt at 71 % of GDP against reported 56% of GDP. Far from what our leaders were making us to believe (courtesy 2013 Budget Statement) that the economy was robust with very positive outlook, the reality check on the ground 12 to 15 months ago pointed to some of the leading indicators below
There was a decline in the average workweek for production workers in manufacturing
1. There were declining new orders for consumer goods
2. Vendor performance, measured as a percentage of companies reporting slower deliveries from suppliers worsened
3. Deteriorating index of consumer expectations
4. Declining new orders for non-defense goods
5. Number of new building permits issued for private housing units went down
6. Declining stock prices
7. Interest rate spread widening
8. Supply of M2 worsened
It is time the government came to the realization that the economy is in a state of destabilization. The cost of inputs and productive resources are high, leading to increased cost of production and hence lowering output. Most firms at the moment are not recovering their costs of production and are winding up. Those remaining have cut down on production. This is typical of an economy with an inflationary gap and the possible fiscal policy options available to bring about stability in our economy are reduction in government expenditure and increase in taxation. Whichever macro management approach to be suggested by this piece of writing, be it AS-AD framework, Classical – Keynesian etc. The theme is not farfetched, it is still too theoretical an analysis and will not differ from what the Chief Economist will prescribe from his high office at the IMF, I guess! For I can change my opinion about the outcomes of the possible prescriptions but my conviction is deeply rooted in the fact that nothing good will come out of it if the devil is not chased out of the details. Shifting to a more practical and empirical plane; below are gists of what I have observed in the details.
Driving through the city of Accra, I see most revenue collection agencies up their game. Not bad. We have seen a few policy reviews in recent months on scraping of some subsidies (Debatable though).Whilst the government can be said to be on point with these interventions; I must state that not all measures INTERVENE. Some measures INTERFERE. I witness kiosks of petty traders getting locked daily not so because they are evading taxes but to be faire with them how much is been levied as tax cannot be sustained by cash flows from the businesses. What stops us from widening of the tax net other than crowding out existing businesses? What stops politicians from moderating their lifestyles? What stops all of us from calling it quits with rent seeking behaviors? What stops the entire society from re-enforcing its value system? Is it all about money now? ‘Sakawa’ rulership will grow in numbers and reward in that regard. The solutions ……? So that we don’t concoct numbers? They are all within the unit of analysis ‘YOU AND I’. IT BEGINS WITH US!

AKUFFU BOATENG, Chartered Economist
13th October, 2014

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