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if you like to present a different perspective to a paticular topic or issue. send it to royaljbk@gmail.com or gabrielattamy@hotmail.com

Popular posts from this blog

What is happening to the Ghanaian banking sector? Part 1

Today, October 21, 2018, I wrote on my Facebook wall about the trouble many Ghanaian savers have gone through between August 2017 and October 2018. Some members of my year group from Opoku Ware School also asked the question in the title on our WhatsApp page today. The highpoint is that they have struggled to get access to their savings at the time they needed it and some of them may only get part of their savings if they get it at all. A number of financial institutions have failed  and others too may go down. I got people liking the Facebook post and others sending me private messages about whether their savings were safe. I believe many of them have seen similar posts I made earlier and they think I may have some expertise or knowledge about the financial system. I won’t accept the tag of “expert” but I will admit that I have some knowledge on the financial system of Ghana and sub-Sahara Africa. I admit to have some knowledge of the financial system firstly because I hav...
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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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