Rising Prices

WOW August is here already....you know the way time flies these days it is amazing. Went down to my local grocer Auntie Maggie and gosh have prices gone up or what? It's just amazing how a couple of weeks ago, smoked fish was 60 pesewas and now it is 70 pesewas. The Daily Graphic, Ghana's most read daily paper, also shot up from 50 pesewas to 70 pesewas!

For those of you reading this, Ghana had it's monetary currency re-denominated (what a mouthful) and we have gone back to the days of coins and paper money. The New Ghana Cedi is almost at par with the US Dollar...though many will argue it's 96 pesewas to the Dollar.
Anyway whichever way we may wish to look at it, the price of food has gone up and this trend the economists tell us, is going to go on till we get an injection of cash into the system. Yes the dreaded saga of Vodafone buying Ghana Telecom is what some economists have said will help boost the economy for us. That is the money obtained from selling 70 per cent shares of the nation's telecom provider.... Yes possibly but they can do that without adding the fibre optic from Volta Com. Voltacom is a subsidiary of the Volta River Authority and they were to provide various telecoms services using the fibre optic link which runs from the south to the north of the country. Unfortunately, their ideas have been discarded by some idiotic policy maker who has only dollar signs in his eyes!

I have been angered at the way some of these policy makers have been very foolish about this deal. I am not against a sale but it is the modalities of the agreement that I have a problem with! Oh and that reminds me, would it not have been a better option to have just sold the mobile and the internet subsidiaries? Media convergence is the buzz word but I do not think that some of these 'so -called' policy makers even know that that means.

Well sale or no sale, my local grocer is going to give me more grief when I go around the corner again next week. Wish me luck!