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About alibomics


alibomics was started by Gabriel Amobila Aboyadana in June 2012.

As an undergraduate at the University of Ghana, he had taken interest in political discussions on radio and television since 9, and was concerned about the way and manner in which discussants analysed issues.

 As a student in the humanities, he realised the misrepresentations by many a discussants, hence deciding to attempt to inform the ordinary citizen who may not be privy to the facts. So he chose blogging as one medium to do this. Thanks to Google!

He hopes that this blog will serve many a people seeking knowledge and understanding of common socio-economic issues.

Students and researchers may find this blog useful to their studies and research.

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Popular posts from this blog

Inflation: a brief overview

There is much talk about inflation in the media in recent times. “Radioteleconomists” have presented different and ofthen misleading interpretations in discussions. This piece  seeks to present the subject from a somewhat informed perspective. Inflation, properly defined is a continuous increase in the general price level in an economy over a given period of time. It is calculated by measuring how prices of selected goods and services change over a given time. So if the rate of inflation is 10% for a given month, it means that the price level of all the goods under consideration have increased by 10% over the level of the previous year’s corresponding month. So say, January last year against January this year. Assuming that it costed 100Cedis to buy a set of 20goods under consideration (i.e.CPI basket) in January 2011, it now cost 110Cedis to buy the same set of goods in January 2012. The price increase should however not be due to improved quality. An improvement in quality w...
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ARE TRAFFIC JAMS IN ACCRA BAD?; AN INFORMAL COST AND BENEFIT ANALYSIS

I recently traveled to Awutu Breku in the Central Region and on my way back I observed something that took my mind to my economics classroom. What I observed was the traffic jam on the Kasoa to Accra stretch of the road. The traffic jam as most people will attest to is not unusual, especially in Accra and its surrounding suburbs. Also, I observed the activities of hawkers who were obviously doing well with their trade. This second observation too is not new for I have observed it for the past four years of my stay in Accra. The only difference this time round was that these observations got me thinking like the economist-in-progress that I am. Have you not heard severally how people have spoken adversely of the usual traffic jam situation in Accra and how it leads to a decline or better put, a slowdown in the potential growth of GDP? The argument has been that people spend so much time in traffic jam so they are unable to work optimally hence a slowdown in the potential growth rat...
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Increasing revenue from transport business in Ghana- looking at taxis

For some time now I have been wondering why taxi drivers would take same fare for a distance and half the distance.  Why should one have to pay 60p from Legon to Madina and same fare from ‘’Trinity’’ to Madina? Or why they charge 60p from the Legon police station to the campus and same from the police station to Okponglo junction. People who are price responsive and consciously match their utility to price like me may have wondered same. I have finally realised that it is in their own interest to charge according to distance covered rather than keep a flat rate for all distances. Think of the utility maximisation theory where a person equates utility to price, and will be willing to pay less for successive units of the commodity than for the earlier units.  Under this theory a consumer’s aim is to maximise utility. The consumer’s utility is maximised when the satisfaction they derive from consuming the commodity is equal to the price or cost they pay for it. ...
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