Propaganda as a cornerstone of the ruling NDC knows no bounds.
It continues to play out in all facets of government business… from the National Cathedral project to the strength of the Cedi against the Dollar and many more.
Upon assumption of power the NDC met as it were a national kitty full of money, the result of the bitter pill their predecessors made Ghanaians to swallow. President John Mahama had told the world that the economy was criminally managed.
The NDC having just assumed the reins of leadership of the country claimed credit for the positive situation.
Those who understand how fiscal matters are managed knew that a government whose policies are yet to take off should not claim such positive credits.
The Cedi gained strength against Dollar because of factors such as some worrying decisions of United States President, Donald Trump and the unprecedented increase in our gold reserve, a policy of the previous government.
The foregone notwithstanding the new government relished the positive economic outcomes. President John Mahama in response to the reason behind the positive signs mentioned one word…leadership… he meant his skills at the helm of the ship of state was the reason for the development.
Those who did not want to engage in polemics over the real reason for the strength of the Cedi held their horses knowing however the situation was short-lived and very soon the truth shall be out.
The apex bank continues to support the fiscal propaganda with GHC10 to the Dollar claim even in the face of shortage of the American currency in the banks.
The umbrella body of local traders whose business relies upon the availability of the dollar and the strength of the Cedi have complained about the shortage of the American currency.
Traders and businessmen in general have had to turn to the black market operators otherwise known as Abokyi for the American currency.
The reality therefore is that the non-availability of the Dollar at the banks and the black market rate of GHC13 to the Dollar has exposed the apex bank’s and by extension the NDC propaganda about the strength of the Cedi.
Propaganda would continue in the government of the NDC and so would the truth stand out eventually.
The propaganda about the Cedi is intended to present the government’s financial management of the state purse as outstanding and therefore responsible for a situation which does not reflect a true picture of the prevailing ambience.
In matters of fiscal management upon which the attention of the International Monetary Fund (IMF) is riveted lying or propaganda should not be encouraged at all because of its embarrassing outcome.
A few years ago the IMF had cause to fine the country for presenting cooked figures. Recently the issue of pumping money to shore up the Cedi an unnatural pastime of the NDC government was observed by the IMF which called for a halt.
For how long should we be insincere about our fiscal matters? Propaganda should have its limits and a fact which government should let managers of their Goebbelian department know and conduct their mendacious operations with a modicum of finesse.
