Opinions of Tuesday, 31 May 2016

Columnist: D Y Mordey

I Choose JM for more factories

I woke up this morning to realize that our president has truly commissioned the New Komenda Sugar Factory. This Bole man is amazing us with things that can strengthen the value of our local currency in the long run.

The strategic decision initiated by H. E. John Dramani Mahama to build factories across the country is one reason for which some of us will forever praise him. To strengthen the value of our local currency we must empower local production and our president is committed to this basic solution of arresting the fall of the cedi.

I learnt the establishment of an Exim Bank is part of this pragmatic decision by the Joshua of our time. The Ghana Exim Bank will assist exporters to compete internationally by providing insurance and finance facilities to support their overseas activities. So far we can boast of the following factories:

Kumasi Shoe Factory, Cement Factory, Garment Factory, Tema Tomato Factory, Elimina Fish Processing Factory, Komenda Sugar Factory and many others. The time has for us to cut down the importation of our basic needs as a country and become the next exporter. Over 1000s of jobs are created by these factories.

Dr. Kwame Nkrumah new of these that was why he promulgated the establishment of factories such as the Old Komenda Sugar Factory. Leadership is all about vision and that is what JM is effectuating to consolidate the value of the cedi.

NPP never built a single transformational factory in their 8 years in government but manage to sell Ghana Telecom which was valued at US$1.5b for only US$900m and Ghana Airways after re-denominating the cedi poorly just to pop up its value.

Hope you can see criminality in the midst of unprecedented incompetent economic policies? These people don't know anything about handling our economy but Dr. Bawumia will memorize outmoded economic lecture note to deceive the public.

Glory be to God we have the like of H. E. Amissah Arthur, Hon. Seth Terkper, Hon. Mona Quartey, Hon. Ato Forson, Dr. Issahaku and the like handling the economy for us. I am told the budget deficit has been scaled down. Our country is growing steadily at 3.9 and IMF has also told us that the Ghanaian economy is bouncing back gigantically. Inflation is gradually dropping like "kaikai."

In fact, Mahama's wonders will surely land Ghana on the promise land. And our cedi has been appreciating for sometimes now. The economic fundamentals will soon do more than the current elevations.

Kudos Mr. president.

#IChooseJM

#TransformingGhana

#ChangingLive

D Y Mordey, Former TEIN President