It's beyond the Dollar-Cedi thing, my thoughts on the Ghanaian Economy right now

I know you were expecting a post on  Adulthood because that's what I posted on my social media as my next topic but I feel like I have something to say on politics, yeah politics.

You know what saddens me the most? Young people waking up each day complaining about the state of the country and fighting amongst ourselves alongside party politics. I was hoping by now we would be tired of the complaints and rather focus on uplifting each other.

Truth of the matter is politicians will continue to deceive us each campaign/elections year on topics like fuel costs, exchange rates, lending rates, sanitation, healthcare, education, taxation, roads and infrastructure, energy, etc. They know very well that it is beyond their control. If the dollar becomes 1:1 with the Cedi today, it doesn't take rocket science to realize that our economy can not and will not be able to sustain that rate.

Government policies be it fiscal or monetary alone will not sustain an economy, it must be coupled with indigenous economic productivity (activities). The economy of Ghana is  hugely a consumption and import based economy, we all know that; but when we don't produce to meet our demands, and foreigners also control the relevant sectors of demand, how do we as a nation retain the revenue generated to stimulate economic activity? It ends up repatriated to the same countries that we imported from.

We borrow money from foreign countries to produce cocoa, that same cocoa is sent to the same foreigners for chocolates and other products, and that same products are shipped to Ghana by foreign importers who own local wholesale and retail outlets and we buy them for 10X the value then these foreigners repatriate the funds to their respective countries.

Nobody needs a degree in economics to realize that there's a huge capital flight within our country. The loans that our government go begging for to pay salaries end up again with the lender and we pay the interest! It's a never ending cycle! The question is, what are we  going to do about it as young people to save our dear Ghana?

PART 1