Monday, 13 March 2017

HERITAGE FUND: THE POLITICS OF IT AND THE ABSURDITY


HERITAGE FUND: THE POLITICS OF IT AND THE ABSURDITY

Iddi Muhayu-Deen writes...

People of Ghana, let's do this interesting exercise together and get to appreciate what our NDC friends are really made of. Now, let's go:
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The NDC, as a political party, strongly supported their general secretary, Johnson Asiedu Nketia when he suggested that the nation's “Heritage Fund” be used to help stabilize our currency during the period of acute exchange rate volatilities sometime in 2015. The party saw absolutely nothing wrong with this rather incongruous suggestion and in fact, they proceeded to hail their Chief Scribe [general mosquito] in the face of fierce repudiation and bashing by the Ghanaian people.

Many a Ghanaian were very much concerned because at that time, these people did not come across as having an inkling of knowledge regarding what was wrong with the cedi. We were concerned because they knew not what was causing the cedi to depreciate with the speed of light against its major "trading partners". Whereas some of them were blaming high rise buildings for the predicaments of our currency, others were blaming so called NPP business men.

And as if to complete the absurdity, some of them also told Ghanaians to blame juju men and dwarfs, whom they had accused of charming the dollars at the various banks and playing juju tricks at the interbank and forex market against the cedi. Funny, right? But that was how these guys approached an otherwise serious business of governance in our country when they were in power. We were fed with one funny story or another, almost on daily basis.

And to think that, having exhibited such "cluelessness" under the circumstances, this was the very time they wanted to tamper with the Heritage Fund on something they had absolutely no clue about; this was the time they wanted to chop the Heritage Fund (a fund meant for the use of future generation), should surely make you sick.

Again, the NDC claims to be the political party that loves the future generation, yet, when they had the opportunity to govern this country, they mismanaged the economy and took a lot of reckless decisions that provided a bleak future for the next generation. One of such, was their voracious appetite for loans at very outrageous interest rates, payment of which, would be done by the next generation and for that matter the future leaders of our country.

They essentially mortgaged or sold our future for loans which they chopped when they were in office. We are talking about record-level indebtedness they left behind for our children and children's children to come and pay. With this in mind, how can they convince us that they really love the future generation.

The most annoying part of this narrative is that, these same people are now vehemently kicking against a worthy proposal made to the NPP government to consider investing part of the Heritage Fund into supporting the education of our children, our children's children and the unborn so that they can have a dignified future; so that they can work and be able to pay back the humongous loans that the NDC had contracted; so that they can better manage our economy; so that they can effectively administer our currency in order to forestall future volatility.

The suggestion is not that, NPP should use the Heritage Fund to stabilize our currency and chase the US dollar, as the NDC wanted to do. The suggestion is that, NPP should consider investing part of the Heritage Fund into supporting the education of our children, which is consistent with the reasoning behind the establishment of the Fund anyway. Aren't you getting crazy with these revelations? I am tempted to agree with my auntie, who tells me that when legendary incompetence comes into contact with hypocrisy, it produces an amalgam called, WITCHCRAFT. How else can you explain this?

You see a snake coming to bite you (the education sector about to crash), you are fortunate to have a stick which you can use to kill the snake (the Heritage Fund), yet you tell me that, you are waiting for your son who is far away from your present location (the future generation) to come and use the stick in your possession to kill the snake for you. Obviously this can only happen in your afterlife because the snake will definitely kill you. With this kindergarten logic, my brother, you qualify to be the craziest person on earth.

As we speak, our education sector is in serious crisis. The son of the charcoal seller in Kete-Krachi is being compelled to drop out of school because his mother is unable to pay for his fees due to the rising cost of Basic and Senior High School education in the country. There are several of such children out there. Last year for instance, whilst doing my national service at the Bolgatanga SHS (my alma matter), I witnessed on countless occasions, instances where the headmaster of the school was compelled to sack students who had defaulted in the payment of their fees. That is how bad the situation has become.

You can imagine how many Kofi Annans or Akufo-Addos or Mahamudu Bawumias or Haruna Iddrisus or Shamima Muslims or Afenyo Markins are having to terminate their education at this premature level because their parents are unable to pay for their fees. Hmmm. Yet we have money sitting idle (Heritage Fund, with zero interest rate) which could be used to arrest the situation and support the education of these young ones so that they would have a dignified life and contribute meaningfully to national development, and you say we shouldn’t touch that money because it is reserved for a certain future generation, something must definitely be wrong with you.

Mr. President, respectfully, you cannot always appease your political opponents. Their standard should not be your standard. You have an overwhelming mandate of the Ghanaian people to administer this country in all departments including the area of education. Please go ahead and use part of the Heritage Fund to support the education of our younger siblings, children as well as children’s children and let posterity judge you.  The thoughts of a citizen NOT a spectator.

Assalamu alaikum

Iddi Muhayu-Deen

#ForGodAndCountry

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